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TETHER

Tether enters the oil market by funding a $45 million trade

Tether enters commodities trading by purchasing 670,000 barrels of oil; the firm reports $7.7 billion in profits while diversifying its investments under new CEO Paolo Ardoino.

theblock.co • 08/11/2024 - 16:58 PM

TETHER

Tether registers $2.5. billion in net profit for Q3, bringing year-to-date total to $7.7 billion

Tether reported $2.5 billion profit in Q3 2024, totaling $7.7 billion in nine months, driven by strong stablecoin demand and significant reserves, indicating market stability.

theblock.co • 31/10/2024 - 20:32 PM

TETHER

US Treasury says stablecoin growth is increasing demand for T-bills

The U.S. Treasury's report highlights stablecoin growth's impact on Treasury demand, Tether's significant investments, and warns of regulatory challenges ahead for digital assets.

theblock.co • 30/10/2024 - 18:03 PM

US prosecutors are investigating Tether, US Treasury weighs potential sanctions: WSJ

U.S. investigators are examining Tether for potential anti-money laundering violations and sanctions related to its stablecoin, amid allegations of misuse for illegal activities.

theblock.co • 25/10/2024 - 18:26 PM

JPMorgan says tokenized Treasuries to challenge but not fully replace stablecoins

The market for tokenized Treasuries is growing and could challenge stablecoins’ dominance, JPMorgan analysts said. However, analysts noted that regulatory restrictions and liquidity concerns suggest tokenized treasuries may only partially replace stablecoins.

theblock.co • 25/10/2024 - 14:50 PM

The Daily: Sky mulls MakerDAO comeback, what's next for crypto's 'killer use case' and more

Sky considers reverting to MakerDAO branding while stablecoins thrive. Karpatkey and Komainu make significant moves, alongside concerns over ACX token supply management.

theblock.co • 22/10/2024 - 17:33 PM

CFTC
TETHER

Tether is 'doubling down' on communication and transparency, CEO Paolo Ardoino says

Tether's CEO assures the safety of its stablecoin, emphasizing compliance, transparency, and regulatory support while addressing scrutiny from U.S. authorities and the EU's new crypto regulations.

theblock.co • 22/10/2024 - 17:33 PM

As stablecoins gain greater traction, what's next for crypto's 'killer use case?'

Stablecoins are increasingly gaining traction, with major corporations launching their own, discussions about them at the highest levels of government — and, now, Stripe’s $1.1 billion acquisition of Bridge. Analysts argue stablecoins legitimize public blockchains, providing investment opportunities in the form of public companies, an alternative to money market accounts, and value accruing to their underlying networks.

theblock.co • 22/10/2024 - 12:29 PM

Stripe in talks to acquire stablecoin-focused fintech firm: Bloomberg

Stripe is in talks to acquire stablecoin firm Bridge for $1 billion, aiming to enhance its crypto payment offerings following the recent reintroduction of USDC support.

theblock.co • 17/10/2024 - 10:40 AM

MiCA-compliant stablecoins take market share of euro-stablecoin sector: Kaiko Research

Kaiko Research reports significant market share shift to MiCA-compliant euro stablecoins, influenced by Coinbase's trading dominance and ongoing delistings amidst stablecoin regulatory changes.

theblock.co • 15/10/2024 - 15:17 PM

Currency