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According to Tether CEO, MiCA's requirements could not only render the job of a stablecoin issuer extremely complex but also make EU-licensed stablecoins extremely vulnerable and riskier to operate.
Binance offers 15,000 USDT in token vouchers for new users via 'Buy Crypto' feature.
Tether CEO Paolo Ardoino told The Block that the EU's MiCA regulation "contains several problematic requirements" regarding stablecoins.
Since precious metals and virtual currencies align with the fear trade, one could signal clues for the other.
The co-founder of Tether (USDT), the world's largest stablecoin by market cap, recently expressed optimism about China's eventual acceptance of cryptocurrencies.
Binance launches USDT Locked Products with 6% APR.
The co-founder of Tether (USDT), the world's largest stablecoin by market cap, reportedly says it's “inevitable” that China will reverse course and open up to crypto assets.
OKX Africa's new campaign offers up to 300 USDT in rewards for inviting friends.
Tether Holdings, the esteemed stable coin issuer, has embarked on a momentous journey into the heart of Bitcoin mining with Bitdeer Technologies, an industry titan headquartered in Singapore. This historic partnership, fortified by a $100 million investment from Tether, marks a paradigm shift in the evolution of digital assets and blockchain technology, setting the stage for a new era of collaboration and innovation.
Tether's USDT dominates Polygon's stablecoin market cap of $1.5 billion.
Tether co-founder Brock Pierce is considering returning to Hong Kong amid government efforts to attract the crypto industry.
Despite having no profiting outlook, stablecoins are part of every single investor, and there is more than one reason behind that. These are easily understandable by their name, Stablecoins, as in a comparatively stable cryptocurrency.
Stablecoin issuer Tether Holdings Ltd. has invested $100 million in Bitdeer Technologies Group, a US-listed Bitcoin mining company owned by Chinese billionaire Jihan Wu.
In a significant development, Tether, the issuer of the widely used stablecoin USDT, has acquired a $100 million stake in Bitdeer Technologies Group, a US-listed Bitcoin miner owned by Chinese billionaire Jihan Wu.
Bitcoin hardware maker Bitdeer said it received $150 million in private funding from USDT stablecoin provider Tether. Bitdeer aims to use the fund to expand its data center, develop an ASIC-based mining rig, strengthen working capital for ongoing operations and other general corporate purposes.
On Friday, the publicly listed mining company Bitdeer Technologies Group revealed that the leading stablecoin firm Tether has purchased $100 million in Bitdeer shares. Additionally, Tether holds an option to acquire an additional $50 million in shares in the future.
The investment includes an option for an additional $50 million in shares within a year. The ownership percentage remains undisclosed, with Bitdeer's share value increasing by 6.5% post-announcement.
Stablecoin issuer Tether has entered into an agreement to acquire up to $150 million worth of shares from prominent Bitcoin mining firm Bitdeer via a private placement deal, according to a May 31 statement. Under the agreement, Tether has acquired 18,587,360 Class A ordinary shares from the BTC miner for $100 million.
Tether is backing bitcoin miner Bitdeer as part of a private placement deal that could amount to proceeds of $150 million.
Tether has invested 100 million dollars in Bitdeer shares, with an option to purchase an additional 50 million dollars.
In an official announcement, Tether, the company behind the world's largest stablecoin, USDT, has agreed to purchase up to $150 million worth of shares in the bitcoin mining company Bitdeer.
Bitdeer secures multimillion-dollar private placement financing from Tether.
This year, the supply of the stablecoin tether has surpassed the $100 billion mark, and today, the leading dollar-pegged token boasts a market valuation of $111.9 billion. The majority of this supply resides on Tron, with the network hosting $58 billion in tethers, while Ethereum accounts for $51 billion.
The crypto industry is continuously growing, adding more digital assets and luring more and more investors. As per CoinmarketCap, the crypto market is worth a $2.55 Trillion market cap, offering hundreds of crypto exchanges and millions of cryptocurrencies.
