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Showing posts with the label Tether CEO

Tether's USDt Hits $150B Market Cap Amid U.S. Expansion Plans

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Tether's USDt Hits $150B Market Cap Amid U.S. Expansion Plans Tether's USDt has reached a major milestone, surpassing a $150 billion market capitalization for the first time on May 12, 2025. This surge reflects a 36% increase in circulating supply over the past year, consolidating USDt’s position as the dominant stablecoin with 61% of the global market share, based on industry data. The rise in USDt’s valuation aligns with broader adoption trends, marked by a 50% increase in active stablecoin wallets in... crypto news today

Tron Nears Ethereum in USDT Circulation with $1B Mint

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Tron Nears Ethereum in USDT Circulation with $1B Mint Tether has minted an additional $1 billion in USDT on the Tron blockchain, bringing Tron's total USDT circulation to $71.4 billion. This positions Tron just $1.4 billion behind Ethereum's $72.8 billion USDT supply, signaling a potential shift in stablecoin dominance. Historically, Tron surpassed Ethereum in USDT circulation between July 2022 and November 2024. However, a significant $18 billion mint on Ethereum in late 2024 reestablished its ... Coinatory cryptocurrency news

Rumble Launches Digital Wallet Backed by Tether

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Rumble Launches Digital Wallet Backed by Tether Rumble Inc., the video-sharing platform known for championing independent creators, is preparing to roll out a proprietary digital wallet aimed at enhancing creator monetization. This strategic initiative is being developed in partnership with Tether, the issuer of the world's largest stablecoin by market capitalization. CEO Chris Pavlovski announced the "Rumble Wallet" via social media, positioning it as a vehicle to support creators more ef... Coinatory cryptocurrencies news

Tether Engages Big Four Firm for Comprehensive Audit to Enhance Transparency​

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Tether Engages Big Four Firm for Comprehensive Audit to Enhance Transparency​ In an effort to confirm that its USDT stablecoin is backed at a 1:1 ratio with the US dollar, stablecoin issuer Tether is actively working with one of the Big Four accounting firms to perform its first comprehensive financial audit. This action resolves long-standing industry worries about Tether's reserve sufficiency and transparency. ​ Changes in Leadership and the Audit Initiative Paolo Ardoino, the CEO of Tether, stressed that obtainin... cryptonews today

Tether Partners with Guinea to Expand Blockchain Adoption

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Tether Partners with Guinea to Expand Blockchain Adoption As part of its ongoing global drive for digital transformation, Tether has announced a strategic agreement with the Republic of Guinea's government to increase access to blockchain and peer-to-peer (P2P) technology. Tether verified the signing of a memorandum of understanding (MoU) with the government of Guinea in a statement issued on February 17. The agreement aims to boost the nation's digital transformation efforts and promote economic gr... crypto news

Tether Engages U.S. Lawmakers to Influence Stablecoin Regulations

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Tether Engages U.S. Lawmakers to Influence Stablecoin Regulations According to a Fox Business story, Tether, the biggest stablecoin issuer in the world with a market valuation of over $142 billion, is aggressively interacting with US lawmakers to influence federal stablecoin laws. Tether is working with Representatives French Hill and Bryan Steil on the STABLE Act, which was introduced on February 6, according to reporter Eleanor Terrett. Paolo Ardoino, the CEO of Tether, has stated that the company is cont... cryptocurrency news today

Coinbase May Delist Tether Amid U.S. Regulation Push

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Coinbase May Delist Tether Amid U.S. Regulation Push If future U.S. legislation require it, Coinbase, the biggest cryptocurrency exchange in the country, has indicated that it is prepared to delist Tether (USDT), the stablecoin with a market value of $138 billion. Coinbase CEO Brian Armstrong stated in a Wall Street Journal article that possible laws under the Biden administration would mandate that stablecoins keep all of their deposits in U.S. Treasury bonds and submit to regular audits for incr... cryptonews

Tether Faces MiCA Challenges as USDT Market Cap Dips $1.4 Billion

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Tether Faces MiCA Challenges as USDT Market Cap Dips $1.4 Billion A notable decrease occurred in USDT, Tether's USD-pegged stablecoin, which was the steepest since FTX's crash in 2022. Tether's market capitalization dropped by $1.4 billion when the EU's extensive Markets in Crypto-Assets (MiCA) regulation went into effect on December 30. This brought the company's December high of $140 billion down to $137 billion. Speculation on Tether's future in the EU has been stoked by the market activity. Concerns hav... Coinatory cryptocurrencies news

Tether Eyes AI Launch in 2025 Amid $5.2B Profit Surge

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Tether Eyes AI Launch in 2025 Amid $5.2B Profit Surge By early 2025, Tether, the company that issues the $140 billion USDT stablecoin, plans to expand its business by entering the artificial intelligence (AI) space. Tether's AI platform will be unveiled in Q1 2025, according to CEO Paolo Ardoino's announcement on X (previously Twitter). This strategic change reflects the company's desire to enter new markets and diversify beyond its core offering of US dollar-pegged stablecoins. Since its f... Tether Eyes AI Launch in 2025 Amid $5.2B Profit Surge Coinatory

Tether Assists Canada Police in Crypto Recovery, Broadens Ventures

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Tether Assists Canada Police in Crypto Recovery, Broadens Ventures Tether recently collaborated with the Ontario Provincial Police (OPP) to help recover approximately $10,000 CAD in stolen cryptocurrency, reinforcing its role as a key partner to law enforcement in the fight against cybercrime. The recovery was made possible through the efforts of Tether's team and the OPP Cyber Investigations Team. By freezing the Tether (USDT) assets involved, Tether facilitated the return of funds to their rightful owner. ... Tether Assists Canada Police in Crypto Recovery, Broadens Ventures

Tether CEO Denies Allegations Amid U.S. Investigation and Potential Sanctions

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Tether CEO Denies Allegations Amid U.S. Investigation and Potential Sanctions Tether CEO Paolo Ardoino refuted recent reports of a U.S. investigation into Tether, the world’s largest stablecoin issuer, over possible breaches of anti-money-laundering (AML) and sanctions regulations. The alleged probe, led by Manhattan federal prosecutors, seeks to determine whether Tether’s USDT stablecoin was used to support illegal activities such as money laundering, drug trafficking, or terrorism financing, according to The Wall Str... Coinatory