Tag Archives: Tether CEO

Tether Reveals Massive Gold Accumulation In Q4: Adds 27 Tons To Reserves

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Tether, the company behind the world’s largest stablecoin USDT, has disclosed a substantial expansion of its gold holdings, underscoring a growing shift toward hard‑asset backing amid uncertainty across crypto and traditional financial markets.  Tether Expands Gold‑Backed Stablecoin Reserves Gold crossed the $5,000 per ounce threshold for the first time on Monday, a milestone that market… Continue reading Tether Reveals Massive Gold Accumulation In Q4: Adds 27 Tons To Reserves→

Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal

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The Blockchain Recovery Investment Consortium (BRIC), a partnership between GXD Labs and VanEck, announced on Tuesday a significant development in Celsius’ bankruptcy case. Tether (USDT) has agreed to pay a major amount to the crypto lender’s bankruptcy estate following an adversary proceeding that was initiated last year. Tether Settles Billion Dollar Lawsuit This settlement marks… Continue reading Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal→

Rumble At The Core: How Tether Plans To Dominate The US Stablecoin Market

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Tether, the powerhouse behind the world’s largest stablecoin by trading volume, USDT, has unveiled a strategic plan to expand its presence in the US market, a landscape that has evolved significantly under the Trump administration.  With the recent enactment of the GENIUS Act, which establishes a new regulatory framework for stablecoins and cryptocurrency firms issuing… Continue reading Rumble At The Core: How Tether Plans To Dominate The US Stablecoin Market→

SoftBank, Ark Invest Among Potential Investors In Tether’s $15 Billion Funding Round

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The industry’s largest stablecoin issuer, Tether (USDT), is reportedly in discussions with a series of leading firms including SoftBank Group and Ark Investment Management, for a significant funding round aimed at raising between $15 billion and $20 billion.  This capital influx could potentially value the company at an astonishing $500 billion. Bloomberg News first reported… Continue reading SoftBank, Ark Invest Among Potential Investors In Tether’s $15 Billion Funding Round→

Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

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Tether, the issuer of the world’s largest stablecoin by market capitalization and trading volume, USDT, is reportedly seeking to raise between $15 billion and $20 billion through a private placement, potentially elevating the company’s valuation to around $500 billion.  As recent reports highlighted on Tuesday, this ambitious financial maneuver could position Tether alongside some of… Continue reading Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans→

Tether Stays On Top, But These Three Competitors Are Closing In On USDT

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The recent passage of the GENIUS Act introduced a new regulatory framework for stablecoins, such as Tether (USDT), drawing increasing attention from traditional and cryptocurrency firms. Tether’s Regulatory Challenges And Rising Rivals With the stablecoin market growing from $120 billion in October 2023 to $288 billion as of August, Tether’s USDT continues to hold its… Continue reading Tether Stays On Top, But These Three Competitors Are Closing In On USDT→

Tether Q2 Net Profit Hits $4.9 Billion, Pushing Total Earnings To $5.7 Billion

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Tether, the company behind the market’s largest stablecoin USDT, has announced major financial results for the second quarter (Q2) of the year, reporting a net profit of $4.9 billion.  Tether Achieves $5.7 Billion In Earnings For H1 2025 According to the report, this surge in profitability comes amid the issuance of over $13.4 billion in… Continue reading Tether Q2 Net Profit Hits $4.9 Billion, Pushing Total Earnings To $5.7 Billion→

Tether Secret Swiss Vault: The $8 Billion Gold Reserve Behind The Stablecoin

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Tether Holdings, the issuer of the market’s largest stablecoin, USDT, has revealed that it maintains a vault in Switzerland to safeguard an impressive $8 billion stockpile of gold.  According to Bloomberg, the firm’s significant reserve of nearly 80 tons positions Tether as one of the largest gold holders globally, surpassed only by central banks and… Continue reading Tether Secret Swiss Vault: The $8 Billion Gold Reserve Behind The Stablecoin→

CEO Ardoino On Tether Q3 Performance: $2.3 Billion Gains And What Lies Ahead For The Stablecoin

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On Thursday, Tether (USDT), the world’s largest stablecoin issuer, released its third-quarter (Q3) assurance opinion report, revealing substantial financial results amid the broader market recovery led by Bitcoin (BTC).  Total Tether Assets Reach All-Time High Conducted by accounting firm BDO, the report highlights Tether’s growth, with a net profit of $2.5 billion for Q3, contributing… Continue reading CEO Ardoino On Tether Q3 Performance: $2.3 Billion Gains And What Lies Ahead For The Stablecoin→

Tether Defends Its Record, Blasts WSJ For ‘Irresponsible Reporting’

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In a recent report by the Wall Street Journal (WSJ), it was alleged that Tether is currently under federal investigation for potential violations related to sanctions and anti-money laundering (AML) regulations in the US.  The inquiry, reportedly led by prosecutors from the Manhattan US Attorney’s Office, is said to focus on whether Tether’s stablecoin, USDT,… Continue reading Tether Defends Its Record, Blasts WSJ For ‘Irresponsible Reporting’→