Tagged: tether

Fellowship PAC, a Pro-Digital Asset Group, Endorses Ken Paxton for Senate in Texas, Other Pro Crypto Pols

The Fellowship PAC has endorsed Ken Paxton for the hotly contested Texas Senate seat, where Republican incumbent John Cornyn is currently expected to lose his seat. The Fellowship PAC announced its support of Paxton following President Donald Trump’s endorsement of Paxton on May 19th. Trump’s… Read More

Tether Buys Softbank Shares of Twenty One Capital

Stablecoin issuer Tether says it has purchased SoftBank’s holdings of Twenty One Capital (NYSE: XXI). Tether already owns shares in the firm and says this indicates a deeper commitment to the company. In a public statement, Tether said that it is the controlling shareholder, and… Read More

Tether Invests in LemFi, a Global Payments and Transfer Fintech

Tether has announced an investment in LemFi, a Fintech that enables cross-border transfers. LemFi (formerly known as Lemonade Finance) supports users living in the US, Canada, the UK and Europe to send payments and transfers to more than 30 countries. As Tether is the issuer of USD₮,… Read More

T3 Financial Crime Unit Including Tether, TRON, TRM Labs Combat Illicit Crypto Transfers

The T3 Financial Crime Unit has announced the freezing of more than $450 million in illicit funds worldwide. Launched as a collaborative effort between Tether, TRON, and blockchain intelligence firm TRM Labs, the unit continues to expand its role in disrupting illegal financial activities across… Read More

Tether Gold Surpasses $3.3 Billion as Reserves Surge 36% in Q1 Amid Flight to Hard Assets

Tether Gold (XAU₮), the tokenized gold product worldwide, has crossed a major threshold by pushing its total market value above $3.3 billion. This achievement stems from a robust 36 percent expansion in its physical gold reserves during the first quarter of 2026, as investors increasingly… Read More

Tether Reports $1 Billion+ in Profit For Q1 2026, Shares Reserve Report

Stablecoin issuer Tether is reporting Q1 2026 net profit of $1.04 billion. The earnings news was joined by its periodic attestation regarding reserves and more produced by BDO. Notes of interest provided by Tether: US Treasury Exposure: Total direct and indirect exposure reached $141 billion…. Read More

Tether Collaborates on Bitcoin Mining with Canaan, ACME Swisstech

Stablecoin issuer Tether is working with Canaan (NASDAQ: CAN)  and ACME Swisstech to enable Bitcoin mining. According to a note from Tether, the goal is to operate more efficiently, reducing energy usage and maximizing performance. The “modular” approach is designed to be independently optimized without… Read More

Hacked DeFi Platform Drift Protocol Gets Tether Backing to Reimburse Customers and Relaunch Operations

Drift Protocol—the Solana-based perpetual futures exchange—has arranged substantial new capital to address losses from a recent security breach and prepare for a full operational restart. The platform, which experienced a sophisticated attack linked to North Korean actors earlier in April, saw approximately $270 million in… Read More

Tether Invests in Stablecoin Firm, Stablecoin Development Corporation

Tether, the largest issuer of stablecoins in the world, has participated in the funding round of publicly listed Stablecoin Development Corporation (NYSE:SDEV). The company received $134 million in funding. Other investors included R01 Fund LP, Framework Ventures, and more. SDEV is a small firm that… Read More

Tether Launches Self-Custodial Digital Assets Wallet

Tether—which claims to be one of the largest digital assets companies and a key player in the web3 and stablecoin as the issuer of USD₮—has released tether.wallet. This self-custodial mobile application delivers the company’s vast financial network straight to individual users, targeting the hundreds of… Read More

Pro Crypto Political Action Committee, the Fellowship PAC, Donates to Multiple Republicans

The Fellowship PAC, a pro-crypto advocacy group, has endorsed and financially supported several members of Congress. According to posts on X, the PAC has contributed to the following politicians: Blake Miguez: Currently, a Louisiana state senator who is running for an open House seat. Mike… Read More

Tether Introduces QVAC SDK, an Open-Source Framework for Scaling AI Across Computing Devices and Operating Systems

The QVAC team within Tether announced the release of QVAC SDK, an open-source software development kit engineered as a so-called universal foundation for artificial intelligence. In a future environment (by 2100-2150 or so) expected to include 10 billion people living alongside 10 billion autonomous machines… Read More

Fellowship PAC: Tether Exec Appointed Chair of Major Crypto PAC as Stablecoin Regulation Debates Continue in Washington

In a key shift for cryptocurrency advocacy in U.S. politics, a major super PAC dedicated to digital asset innovation has installed a senior leader from the issuer of the world’s dominant stablecoin at its helm. The move highlights growing alignment between industry heavyweights and political… Read More

Tether Dismisses Senior Gold Traders Hired from HSBC Only Months Ago

Tether, the company behind the world’s largest stablecoin (USDT) in terms of market cap and adoption, has parted ways with two experienced precious metals specialists it recruited from HSBC just months earlier. The move comes as the El Salvador-headquartered firm continues to expand its physical… Read More

Tether Gold (XAU₮) Now Live on BNB Chain

Tether Gold (XAU₮), which is the tokenized gold asset in the digital economy, has now been made available on BNB Chain. This development, announced by Tether on March 26, 2026, marks a significant step in merging traditional precious metals with DLT / blockchain technology, particularly… Read More

Tether Enlists Big Four Accounting Firm to Audit Operations

Tether, issuer of the world’s largest dollar-based stablecoin USDT, says it has enlisted the services of a Big Four accounting firm to audit its operations. For years, Tether was peppered with allegations of shortcomings of reserves tied to USDT. More recently, Tether has partnered with… Read More

Tether’s QVAC Enhances AI Accessibility with New Cross-Platform Framework for Consumer Hardware

In a key step toward democratizing artificial intelligence, Tether’s QVAC division has introduced the inaugural cross-platform system for fine-tuning Microsoft’s BitNet 1-bit large language models using Low-Rank Adaptation (LoRA) techniques. Integrated into the QVAC Fabric platform and unveiled on March 17, 2026, this update now… Read More

Tether Announces New AI and Web3 focused Investments, Key Appointments

Stablecoin issuer and digital assets infrastructure focused firm Tether has been making steady progress in 2026 with a series of strategic announcements that highlight its evolving focus on responsible innovation, financial infrastructure, and emerging technologies. These developments underscore the company’s commitment to expanding its influence… Read More

Tether and Lugano Unveil Plan ₿ Phase II with CHF 5 Million Pledge to Build Resilient Digital Infrastructure

Tether has joined forces with the City of Lugano to launch Plan ₿ Phase II, a five-year strategy running through 2030 that extends their blockchain partnership. The collaboration includes a commitment of up to CHF 5 million, focused on expertise, infrastructure, research, and training. This… Read More

Tether, Anchorage Issue Reserve Report on Stablecoin USA₮

Earlier this year, Tether, in partnership with Anchorage Digital, announced a new dollar-based payment stablecoin, USA₮. The stablecoin is designed to be compliant with the GENIUS Act and thus provides an alternative to Tether’s lead stablecoin, USDT, in the US market. Today, Tether and Anchorage… Read More

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