USDT stablecoin is now available on Celo blockchain
Tether, the issuer of the USDT stablecoin, has expanded its reach by launching on the Celo network, a carbon-negative, permissionless platform compatible with the Ethereum Virtual Machine (EVM). According to a recent announcement by Tether seen by Cryptopolitan, this new development aims to facilitate efficient transactions and boost functionality across decentralized applications (dApps) focused on […]
Bitcoin stalls as Tether treasury mints 1 billion USDT
Tether Treasury has minted an additional 1 billion USDT, as reported by blockchain tracking service Whale Alert. This development occurs at a juncture where Bitcoin, the premier cryptocurrency by market capitalization, exhibits volatility, particularly around the $53,000 resistance level. This level has proven to be a pivotal point for Bitcoin’s price trajectory in recent times. […]
Paolo Ardoino says blockchain does nothing for crypto tokens
In a bold statement that challenges conventional crypto wisdom, Paolo Ardoino, the CEO of Tether, asserts that the future of the cryptocurrency industry lies beyond the realms of blockchain and tokens. During an interview with crypto media outlet Cointelegraph, Ardoino shared his vision for the industry in 2024, emphasizing the need for real-world use cases and applications […]
Tether treasury boosts crypto market with 1 billion USDT mint
Tether Treasury has minted an additional 1 billion USDT, as reported by Whale Alert, a blockchain tracker and analytics system. This transaction, executed on the Ethereum network, substantially increases Tether’s circulating supply. Tether, a staple in the digital currency market, is known for its role in providing liquidity and stability. Paolo Ardoino, the CEO of […]
Tether has an ambitious plan to dive into Bitcoin mining
Tether, the giant in the stablecoin realm with an impressive $87 billion in circulation, is making a seismic shift towards the world of Bitcoin mining. Paolo Ardoino, poised to assume the reins at Tether, has revealed a bold plan to channel approximately $500 million into a strategic expansion within the Bitcoin mining sector over the […]
Tether Holdings dives into Bitcoin mining with $500 Million investment plan
Tether Holdings Ltd., primarily known for managing the USDT stablecoin, is embarking on an ambitious journey to become a leading player in Bitcoin mining. The company plans to invest approximately $500 million in the next six months, as revealed by Paolo Ardoino, the incoming chief executive. This strategic move is not just about constructing its […]
Paolo Ardoino’s plans for Tether after takeover
When Paolo Ardoino prepares to step into the CEO shoes of Tether Holdings Ltd this December, there’s bound to be a whirlwind of change in store. The 39-year-old Italian software engineer, better known for his active presence on social media and sporadic media interviews than for any mainstream celebrity posturing, is gonna find himself at […]
Tether plans to publish reserve data in real-time in 2024: Report
Tether Holdings has announced its intention to publish real-time data about its reserves in 2024. Paolo Ardoino, the newly promoted CEO, shared this upcoming feature in a recent interview with Bloomberg. Currently, the company updates its reserves data at least once a day and also releases monthly and quarterly reviews. From regulatory fines to an […]
Tether appoints longtime CTO Paolo Ardoino as new CEO
Tether, the company behind the world’s leading stablecoin, has announced the elevation of Paolo Ardoino from Chief Technology Officer to Chief Executive Officer. Ardoino, a central figure in the company since 2017, will officially assume his new role in December. He takes over from Jean-Louis van der Velde, who will transition to an advisory role […]
Tether Debunks FUD On Singapore Terms of Services Changes
Tether, the company behind the widely-used stablecoin USDT, has clarified its position on its terms of service for Singapore-based entities. The clarification comes after Dr. Julian Hosp, CEO of Cake DeFi, a decentralized finance platform, raised concerns about Tether’s onboarding standards in the city-state. Tether CTO debunks FUD Paolo Ardoino, Tether’s Chief Technology Officer, took […]
Tether CTO debunks alleged $2 billion loan from bankrupt crypto lender Celsius
On January 31, Paolo Ardoino—the Chief Technology Officer of Tether and Bitfinex crypto exchange— cleared things up on Twitter regarding USDT’s relationship with Celsius. He stated that they have never borrowed from or had any loan arrangement with the bankrupt cryptocurrency lender. Also, a tweet was sent in response to the Celsius bankruptcy examiner report, […]
