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Tether is investing $1 billion to build the world's largest Bitcoin mining site in El Salvador. The site will tap into the country's volcanic energy.
Stablecoin issuer Tether has joined a green energy project in El Salvador that aims to invest $1 billion in building a 241 MW generation park called "Volcano Energy" in Metapán.
Tether is expanding into El Salvador-based Bitcoin mining powered by the region's volcanoes.
Following the company's announcement that it will build a sustainable Bitcoin mining operation in Uruguay, the stablecoin issuer Tether has disclosed its investment in a Salvadoran bitcoin mining operation called “Volcano Energy.
El Salvador's plans to build a billion dollar renewable energy precinct has found a first round investor in stablecoin issuer Tether.
Volcano Energy will focus on integrating wind and solar projects within the volcanic region. Tether aims to become the leading provider of global renewable energy.
USDT issuer Tether has invested in El Salvador's $1 billion Volcano Energy, paving the way for developing one of the world's largest Bitcoin mining farms powered by renewable energy.
Following the integration of USD Coin (USDC), Gibraltar's Xapo Bank becomes the first-ever fintech in the world to employ U.S. Dollar Tether (USDT) infrastructure for moving U.S. dollars between its accounts. The integration is compatible with MiCA requirements, the team highlights.
El Salvador is embarking on an initiative to establish a renewable energy power generation park in the Metapán area, aiming to become a center in the global bitcoin mining industry.
Tether has today announced that it has participated in the first round of a new $1 billion renewable energy initiative in El Salvador.
Stablecoin provider Tether is participating in a $250 million investment in a renewable energy project in El Salvador.
In a groundbreaking development for the cryptocurrency market, Tether (USD₮), the world's most widely used stablecoin, has reached an unprecedented milestone. With an impressive surge in demand, Tether has surpassed its previous market cap high, reaching an all-time record of over $83.2 billion.
Stablecoin issuer Tether has backed a startup called Volcano Energy that aims to build a bitcoin mining farm in El Salvador.
After investigating, they found that it was a problem that so far appears to have plagued only less than 1% of the number of monthly active users, with the last suspicious transaction occurring yesterday.
Welcome to Latam Insights, a compendium of Latin America's most relevant crypto and economic news during the last week. In this issue, Tether announces a sustainable Bitcoin mining project in Uruguay, Brazil's President Lula proposes a shift away from the U.S. dollar, and Argentina advances its de-dollarization push.
Atomic Wallet said Monday that “less than 1%” of its monthly active users were impacted in the weekend breach.
Tether, the company operating the blockchain-enabled platform tether.to that powers the first and most “widely used” stablecoin, has reportedly “surpassed its previous all-time market cap high of $83.2B set in May 2022.
Some users blamed the wallet provider that they had funds stolen from their accounts in the past as well.
According to data from CoinMarketCap (CMC), as of June 1, the circulating supply of USDT stands at $83.23 billion.
This week's Crypto Biz also looks at the crypto industry after FTX collapse, Tether's Bitcoin mining in Latin America, Tabi's funding round and Nvidia's artificial intelligence machines.
Stablecoin issuer Tether announced that it is expanding its presence in Georgia through a strategic investment in CityPay.io, a payment processing company that operates in more than 600 locations across the country including shops, hotels, restaurants and more. “We are excited to be working with CityPay.
Tether, the popular issuer of the USDT stablecoin, has achieved a significant milestone by reaching an all-time high in its market capitalization. Surpassing the previous record set in May 2022, Tether's market cap now stands at an impressive $83.2 billion.
Stablecoin Tether has fought through the challenging stablecoin market and propelled its market cap to reach an all-time high of $83.2 billion. USDT Hits ATH According to data from multiple sources, stablecoin issuer Tether's USDT has emerged from the gloom and doom of a declining stablecoin market to hit a record-breaking market cap of $83.2 billion.
Yellow Card, a leading African fintech and cryptocurrency exchange, has partnered with Tether, the world's largest stablecoin provider, to drive crypto adoption in Nigeria, Kenya, and Ghana. Through successful collaboration, they have undertaken various initiatives to raise awareness, educate, and promote the use of Tether's stablecoin (USDT) among students and young professionals.
