Tether invests in El Salvador’s $1B renewable energy project
El Salvador’s plans to build a billion dollar renewable energy precinct has found a first-round investor in stablecoin issuer Tether.
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Hong Kong-based First Digital Group launches redeemable USD-backed stablecoin
The Hong Kong trust company says the new FDUSD combines the stability of the U.S. dollar with the reliability of Asian regulation.
Circle to launch ‘official version’ of USDC natively on Arbitrum
USDC stablecoin developer Circle will replace the current version of its token with one running natively on the Arbitrum network.
CNHC stablecoin issuer detained by Chinese police: Report
KuCoin Ventures and Circle Ventures are among the investors in the Chinese offshore yuan-pegged stablecoin, which is reportedly under investigation in China.
Tether moves into Bitcoin mining in Uruguay
As part of its expansion into mining, Tether cited Uruguay’s capability of generating 94% of its electricity from renewable sources, including wind and solar.
USDT market share jumps amid economic uncertainty, USDC shrinks
Over the past year, Circle's USD Coin has seen its market share decline from 34.88% to 23.05%. Tether's USDT shows a contrasting picture.
Stargate community proposes removal of Fantom USDC pool to mitigate risks
So far, a total of 1.7 million verified members of the Stargate community have voted in favor of the proposal.
US House stablecoin hearing focuses on competing bills for regulation
The answer to the question of what level stablecoin issuers are regulated on “need not be binary,” one witness said.
Stablecoin Issuer Tether Reveals Plan to Allocate Profits Into Bitcoin
Tether, the stablecoin enterprise, has revealed its intention to devote 15% of its profits to bitcoin. The firm’s announcement comes on the heels of Tether’s recent attestation report, which emphasized…
Tether’s Market Cap Inches Towards All-Time High as Competitors Struggle With Redemptions
Despite several U.S. dollar-pegged digital tokens experiencing notable redemptions in recent months, the largest stablecoin by market valuation, tether, is on the verge of achieving its highest-ever market capitalization. With…
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