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Tether appears to have now been affected by regulatory adjustment in Europe. Particularly, with the EU's new Markets in Crypto-Assets (MiCA) regulations scheduled to fully take effect in its member states by the end of the year, the crypto landscape is being reshaped.
Tether CEO Paolo Ardoino has disclosed big plans for the company as the stablecoin issuer is on the path to achieving a $10 billion profit in 2024. Amid a strong surge in Bitcoin and the broader crypto market, the demand for its native stablecoin USDT has skyrocketed with its market cap soaring more than 50%
Tether's 2024 profits surpass $10 billion, driven by USDT demand and investments. Rumble shares soared 43.7% after Tether's investment announcement.
Tether net profits in 2024 surpass $10 billion, fueled by strong demand for its USDT stablecoin.
Tether, the company behind the world's largest stablecoin, USDT, is making headlines with a series of bold business moves. From a $775 million investment in the YouTube-alternative platform Rumble to its plans to step into artificial intelligence (AI) by 2025, Tether is diversifying far beyond its stablecoin roots.
Rumble secured a $775 million Tether investment, with $250 million allocated for operations and the rest for a tender offer of up to 70 million shares at $7.50 per share.
Tether has announced a $775 million strategic investment with video sharing platform Rumble just weeks after the platform announced it would be adding Bitcoin to its balance sheet.
Tether has invested $775 million into video sharing platform Rumble just weeks after the platform announced it would be adding Bitcoin to its balance sheet.
Rumble, the video-sharing platform and cloud services provider has just inked a $775 million deal with Tether, the heavyweight of stablecoins. This blockbuster investment signals a partnership between two giants, both devoted to championing decentralization and the freedom of speech. Rumble Gains $775 Million Backing from Tether As revealed in a statement to Bitcoin.
Stablecoin issuer Tether has committed $775 million to rising streaming video platform Rumble, which has adopted a Bitcoin reserve strategy.
Tether, the issuer of the world's largest stablecoin, USDT, has announced a $775 million investment into Rumble, a video-sharing platform and cloud services provider. This strategic move has sent Rumble stock soaring by 44.6% in aftermarket trading.
The EU's imminent crypto regulations are raising alarms about potential disruptions to market liquidity as exchanges prepare to comply with new requirements under the Markets in Cryptoassets (MiCA) framework, Bloomberg News reported on Dec. 20. The rules, set to take full effect on Dec.
Tether Limited is set to invest $775 million in video-sharing platform Rumble as part of a strategic partnership aimed at boosting decentralization efforts, according to a Dec. 20 press release. The news caused a sharp spike in Rumble's stock, which surged in after-hours trading, climbing 35.89% to $9.
Rumble partners with Tether in a $775M deal, sparking speculation on future crypto payment integrations. The post Rumble secures $775 million investment from Tether appeared first on Crypto Briefing.
Last month, the YouTube alternative announced it would allocate up to $20 million of its excess cash reserves to bitcoin.
Video sharing platform and cloud services provider Rumble said on Friday it has entered into an agreement with Tether, a blockchain-enabled platform, to receive a strategic investment of $775 million.
Tether Takes $775M Stake in Video-Sharing Platform Rumble
Tether, the company behind crypto's $140 billion stablecoin USDT, may expand its artificial intelligence by early 2025
The company, known for its $140 billion U.S. dollar stablecoin USDT, has made significant efforts to expand beyond its stablecoin operations this year.
Paolo Ardoino, the CEO of USDT parent company Tether Holdings Ltd, has revealed the latest details regarding the firm's Artificial Intelligence (AI) pivot. Taking to the social media platform X, Ardoino said he has received the draft of the site for the Tether AI platform.
In anticipation of the EU's looming Markets in Crypto Assets (MiCA) regulations, European exchanges are delisting Tether (USDT) en masse. This may severely hinder the EU market's ability to capitalize on the crypto bull market.
Solana surged 200% to $216 in 2024, while USDT's role in DeFi and real-world assets signals further growth ahead. The post BTC went viral in 2024.
Tether plans to launch an AI platform by March 2025, signaling further diversification amid booming AI and crypto discussions. The post Tether CEO teases AI platform launch, targets March 2025 appeared first on Crypto Briefing.
In preparation for MiCA, several European exchanges have delisted Tether's USDT stablecoin, pushing crypto investors to increasingly rely on the Euro for transactions.
