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Tether


Finance

Stablecoin Issuer Tether Ventures Into AI With Northern Data in $427M Nvidia Chip Splurge

Damoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud computing.

By Krisztian SandorSep 21, 2023

Stablecoin Issuer Tether Ventures Into AI With Northern Data in $427M Nvidia Chip Splurge

Finance

Tether Co-Founder Sizes Up PayPal’s Stablecoin Ambitions

Tether pioneer William Quigley, who was also an early investor in PayPal, said he doubts the payments giant will bring much innovation to the stablecoin space.

By Ian AllisonSep 18, 2023

Tether Co-Founder Sizes Up PayPal’s Stablecoin Ambitions

Policy

U.S. Fed’s Vice Chair Barr Says CBDC Decision Still a ‘Long Way’ Off

Michael Barr, who leads the central bank’s regulatory efforts, said the Fed remains in the basic research phase and would need actual legislation from Congress to authorize the move.

By Jesse HamiltonSep 8, 2023

U.S. Fed’s Vice Chair Barr Says CBDC Decision Still a ‘Long Way’ Off

Opinion

RETRACTION: Opinion Article on Justin Sun

An pseudonymously written opinion piece containing a personal attack against Tron CEO Justin Sun never should have been published.

By Kevin ReynoldsAug 25, 2023

RETRACTION: Opinion Article on Justin Sun

Finance

Tether Stops Support for Bitcoin Layer Omni Citing Lack of Demand

Omni was the first transport layer that Tether used in 2014.

By Oliver KnightAug 17, 2023

Tether Stops Support for Bitcoin Layer Omni Citing Lack of Demand

Markets

Traders Ditch USDT on Curve, Uniswap, Pushing Key Exchange Pools Into Imbalance

Similar imbalances happened when Terra imploded in May 2022 and after the Silicon Valley Bank crisis hit USDC issuer Circle in March.

By Krisztian SandorAug 3, 2023

Traders Ditch USDT on Curve, Uniswap, Pushing Key Exchange Pools Into Imbalance

Opinion

Tether Is Going on a Bitcoin Buying Spree, but It Should Be Holding Cash

The USDT issuer Tether says it holds a lot of U.S. Treasuries and made a lot of money last quarter.

By George KaloudisAug 3, 2023

Tether Is Going on a Bitcoin Buying Spree, but It Should Be Holding Cash

Opinion

Stablecoins: A Potential Counter to De-Dollarization

Demand for dollars in the global economy is increasingly flowing into permissionless stablecoins, even as domestic policies and foreign efforts like a BRICS-issued currency could erode the greenback's overall dominance.

By Yiannis Giokas Aug 3, 2023

Stablecoins: A Potential Counter to De-Dollarization

Finance

Tether Reports $3.3B in Excess Reserves in Q2, Up $850M for the Quarter

The issuer of stablecoin USDT said its operational profits exceeded $1 billion in Q2 this year.

By Krisztian SandorJul 31, 2023

Tether Reports $3.3B in Excess Reserves in Q2, Up $850M for the Quarter

Finance

Bitfinex Launches Peer-to-Peer Trading Platform in Argentina, Colombia and Venezuela

Users will be able to buy and sell bitcoin, ether, USDT, EURT and XAUT.

By Andrés EnglerJun 27, 2023

Bitfinex Launches Peer-to-Peer Trading Platform in Argentina, Colombia and Venezuela

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