BitMine Chairman and CEO Tom Lee commented on Tether’s recent gold acquisitions, highlighting the company’s status as one of the largest global gold buyers. Lee explained that since […]
Tether Halts Massive $500 Million Crypto Mining Project in Uruguay
In a surprising move, cryptocurrency giant Tether has abruptly shut down its $500 million crypto mining operation in Uruguay. The abrupt shutdown, which came after months of financial […]
Tether Withdraws from Uruguay: Project Halted Amid Economic Struggles
Tether Holdings Ltd., facing economic pressures, has announced the discontinuation of its operations in Uruguay. This decision led to job losses for 30 out of 38 employees. The […]
Tether CEO Battles S&P Downgrade, Questioning Traditional Finance’s Role
Paolo Ardoino, CEO of Tether Holdings Ltd., has taken issue with the recent S&P Global downgrade of USDT, challenging the credibility of traditional rating systems and highlighting potential […]
S&P Downgrades Tether’s USDT Stability Rating, Raising Concerns About Reserves
S&P Global Ratings has issued a downgrade to Tether’s USDT stability rating, citing concerns about the stablecoin’s Bitcoin-backed reserves. This action follows S&P’s assessment of Tether’s reserve strategy, […]
Tether Emerges as the World’s Largest Independent Gold Holder
A recent report has suggested that Tether, the stablecoin issuer behind USDT, may now hold the largest gold reserves globally. While no official confirmation has been provided by […]
Tether Halts EUR₮ Stablecoin Amidst Regulatory Shifts
Tether has announced the discontinuation of its euro-pegged stablecoin EUR₮, citing evolving European regulations as a primary factor. This move marks Tether’s strategic shift towards community-driven products and […]
Tether Becomes World’s Largest Gold Holder, Challenges Crypto Reserve Landscape
Tether Holdings Limited has reportedly become the world’s largest independent gold holder, boasting holdings that rival national reserves, according to Financial Times reports. This unprecedented move could significantly […]
Tether Faces S&P Downgrade Amid Bitcoin Risks
S&P’s downgrade of Tether has raised concerns about the stability of this popular stablecoin. The move is attributed to Tether’s exposure to volatile assets, particularly Bitcoin, which may […]
Tether Becomes World’s Biggest Gold Holder, Challenging Financial Stability
In a surprising turn of events, Tether has become the world’s largest gold holder outside of central banks, according to the Financial Times. This revelation marks a significant […]
Bithumb Halts Tether Trading Amid Regulatory Scrutiny
South Korea’s Bithumb exchange has suspended its Tether (USDT) trading service as a precautionary measure amid regulatory pressure. This action, prompted by the Financial Intelligence Unit, comes during […]
S&P Global Downgrades Tether’s USDT Stability Rating as Risk Rises
S&P Global Ratings has downgraded Tether’s USDT stability assessment to the lowest tier, citing concerns about a growing reliance on high-risk assets. The agency warns that the world’s […]
S&P Global Downgrades Tether’s USDT Stability Rating
Tether’s USDT stablecoin has been downgraded by S&P Global Ratings to its lowest level, reflecting concerns about the coin’s ability to maintain a stable dollar peg. The agency’s […]
Tether’s Gold Purchases Drive Tightening of Short-Term Gold Supply
Tether’s recent acquisition of physical gold has sparked debate in the market as analysts suggest that their purchases may have contributed to recent price increases and tightened short-term […]
Tether’s Gold Holdings Rival Central Banks: Jefferies Report
A new report by Jefferies reveals that Tether, the stablecoin issuer, holds 116 tons of physical gold, making it one of the largest private-sector holders outside of central […]