Key Highlights: RedStone’s Settle architecture introduces approved buyers, known as solvers, to bridge the redemption gap for tokenized collateral liquidations by purchasing assets at a discount. The system executes price updates, solver callbacks, loan repayments, and collateral releases in a single atomic transaction, but reverts entirely if no valid bids are received. While supporting Hadron ...
Key Highlights: Tetherâs reserves supporting USDT saw an increase of roughly 1,130 BTC during the third quarter, bringing the total in reserve reporting up from approximately 98,930 BTC recorded at the end of June. A $2.57 billion valuation surge in the reserve’s Bitcoin portfolio was predominantly driven by market price appreciation rather than large-scale asset ...
Key Highlights: Statements by Tether CEO Paolo Ardoino imply a gap of roughly 50,000 Bitcoinâvalued near $3.8 billionâcompared to Tether’s third-quarter public reserve attestation. Tether’s Q3 report confirmed $8.37 billion in Bitcoin backing USDT reserves, an excess reserve cushion of $7.95 billion, and $1.5 billion in quarterly net operating profit. While corporate investments sit separately ...
Key Highlights: Major Latin American cryptocurrency exchange Mercado Bitcoin paused transfers and initiated an active investigation following a security exploit, pledging to fully absorb user losses. Blockchain analytics and security firms report losses exceeding $40 million to $46 million across multiple networks, while Tether intervened to freeze over 4.5 million USDT connected to the attack. ...
Key Highlights: Stablecoin issuers Tether and Circle rapidly locked down over $2.3 billion in assets following a massive security breach impacting crypto exchange Binance. Tether froze more than 1.567 billion $USDT, while Circle frozen upward of 800 million $USDC in coordination with law enforcement. Industry veterans, including Forte executive Anton Golub, have voiced concerns over ...
Key Highlights Fifteen major Bitcoin mining entitiesâincluding ASIC makers BITMAIN, Canaan, and MicroBT, alongside mining pools like Foundry Digital and F2Poolâhave committed to building on Tetherâs Mining Development Kit (MDK). Each participant will maintain an MDK Worker, acting as a modular translation layer designed to allow automated systems and AI agents to manage disparate hardware, ...
Key Highlights: Tether led a $15 million Series A funding round in fintech infrastructure startup Mural, bringing Mural’s total funding to $28 million. Mural, founded by former Palantir engineers, provides payment infrastructure across traditional banking networks and blockchains, serving clients including Deel and Opera. The investment signals Tether’s strategic expansion beyond stablecoin issuance into AI-driven ...
Key Highlights: Senate investigators led by Senator Richard Blumenthal are probing Cantor Fitzgerald’s financial ties to Tether, citing potential national security risks linked to sanctioned actors. A Senate Subcommittee review discovered that 84% of 846 sanctioned, Iran-linked cryptocurrency wallets transacted almost entirely using Tether’s $USDT stablecoin. Tether CEO Paolo Ardoino defended the firm’s compliance record, ...
Key Highlights Tetherâs $USDT is set to return to the Bitcoin network through the Tether-backed Utexo project. Utexo has received a commercial license to issue $USDT on Bitcoin and plans to begin this month. Tether holds approximately 100,000 $BTC, valued at $8.4 billion, according to Bitcoin Treasuries. Tetherâs $USDT prepares to return to Bitcoin Tetherâs ...
Tether CEOâs âDecentralized Ownershipâ Claim Faces Scrutiny Over Legal and Economic Reality Paolo Ardoino offered a striking answer to a familiar U.S. debt problem: replace concentrated foreign buyers with hundreds of millions of stablecoin users. In an Aug. 31 episode of The Wolf of All Streets, the Tether CEO said the company had created the ...