The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
JP Morgan claims that stablecoin leader Tether may need to sell its Bitcoin reserves to meet proposed U.S. rules. Tether says JPM is "salty.
According to a report from JPMorgan, Tether may need to sell Bitcoin and other commodities to reach compliance with proposed US stablecoin rules. CEO Paolo Ardoino disputed this on social media but didn't address the core concerns.
Plasma just locked in $24 million to launch a blockchain built specifically for Tether. The new network, set to go live in the second quarter of 2025, promises zero-fee transactions and a streamlined system designed solely for stablecoins.
TL;DR Tether has responded to JPMorgan analysts, who suggested the company might have to sell Bitcoin to comply with new US stablecoin regulations. JPMorgan analysts based their comments on the GENIUS Act and STABLE Act bills, which propose strict reserve requirements for stablecoin issuers.
HTX removes PI token, converting user balances to USDT ahead of Pi Network's mainnet launch, as speculation and exchange listings grow.
Tether CEO Paolo Ardoino dismissed JP Morgan's claims that regulatory changes may force the stablecoin issuer to sell Bitcoin, expressing skepticism about the bank's predictions on Tether's compliance and market impact. The post Tether CEO Paolo Ardoino Dismisses JP Morgan's Bitcoin Sell-Off Prediction appeared first on Cryptonews.
Tether has refuted claims made by JPMorgan analysts regarding its Bitcoin reserves and ability to comply with upcoming US stablecoin regulations. In a Feb. 13 statement to CryptoSlate, the stablecoin issuer confirmed that it is closely monitoring developments around US stablecoin regulations while actively engaging with local regulators.
Tether slammed JPMorgan analysts for speculation that the issuer may need to sell its Bitcoin holdings to comply with newly proposed US stablecoin bills.
Company data suggests that Tether's reserves are 66% compliant under the STABLE Act and 83% under the GENIUS Act, the report said.
The US has introduced two stablecoin bills to regulate stablecoin issuers. According to JPMorgan analysts, for Tether to follow the planned US stablecoin rules, it might have to sell assets that don't follow the rules.
Tether CEO Paolo Ardoino told The Block that JPMorgan analysts "don't understand either Bitcoin nor Tether."
Paolo Ardoino, the chief executive officer of stablecoin behemoth Tether, has taken aim at banking giant JPMorgan, claiming that its analysts are "salty" since they do not own the largest cryptocurrency.
Tether Sell Bitcoin: JPMorgan warns that new US stablecoin regulations could force Tether to offload non-compliant assets, including Bitcoin.
Tether, the biggest stablecoin issuer, might be forced to sell some of its Bitcoin holdings to follow new US regulations, says JPMorgan analysts. The US has proposed two laws, the STABLE Act and the GENIUS Act to set stricter rules for stablecoin issuers.
Tether (CRYPTO: USDT) may have to restructure asset reserves, potentially forcing the company to sell some of its holdings, including Bitcoin (CRYPTO: BTC), according to JPMorgan analysts. What Happened: This move, should it occur, could ripple through the cryptocurrency market, altering established dynamics, The Block reported.
Tether announces a strategic investment in Zengo Wallet, aiming to enhance self-custody solutions and drive global stablecoin adoption, reflecting its commitment to secure digital asset management.
Tether, the issuer of the leading stablecoin USDT and one of the largest Bitcoin (BTC) holders, could now be forced to dump part of its BTC reserves, according to JPMorgan analysts. This raises questions on potential market impacts for both Bitcoin and USDT in 2025.
Tether, the largest company in the digital assets industry, announced a strategic investment in Zengo Wallet, a keyless yet self-custodial crypto wallet. Since its launch in 2019, Zengo has served over 1.5 million users without a single wallet being compromised, thanks to its innovative approach that eliminates traditional seed phrase vulnerabilities.
JPMorgan analysts estimate that only 66%–83% of Tether's reserves comply with proposed U.S. stablecoin regulations, potentially requiring asset restructuring.
The new infrastructure will allow USDT deployments on Arbitrum, Ethereum, Tron, Ton, Ink, and Berachain to link without wrapping tokens.
DeFiLlama's data revealed that Ethereum had flipped the GMGN Telegram bot in weekly revenue less than 24 hours ago despite falling to 17th place in weekly revenue rankings. The Telegram bot BullX generated more revenue than Ethereum in the past seven days as Tether held steady at the top in terms of annual, monthly, weekly, and 24-hour revenue.
As $USDT struggles to comply with the EU's Markets in Crypto Asset (MiCA) regulations, Arbitrum helps Tether by providing it with infrastructure to link its new stablecoin $USDT0 to its network, alongside Ethereum, Tron, and Ton. $USDT0 is Tether's new stablecoin, strategically designed to address $USDT's efficiency and interoperability challenges across chains.
TL;DR Tether partners with Arbitrum One blockchain for its new interoperable stablecoin, USDT0, aiming to enhance connectivity and liquidity across Ethereum, Tron, and TON. The integration uses Arbitrum's Legacy Mesh solution to facilitate seamless USDT transfers between major blockchains, reducing costs and increasing liquidity.
Tether has launched two major initiatives - investing in the self-custodial wallet Zengo and implementing the Legacy Mesh cross-chain integration system - to improve user access and simplify cross-chain transfers for its USDT stablecoin.
Paolo Ardoino, the Chief Technology Officer of Tether, recently shared his views on the growing conversation around quantum computing and its potential impact on Bitcoin. The Tether executive took to X to assure the crypto community that Bitcoinn's cryptography remains secure and that major developments in quantum computing won't affect Bitcoin's core values.
Can Tether still sleep peacefully? USDC rises to $56.3 billion, wipes out its losses, and makes its way to the table of the big players.
Tether has chosen Arbitrum as the infrastructure provider for its new crosschain stablecoin, USDT0, leveraging Arbitrum's Legacy Mesh technology.
Tether announced on Feb. 11 the Legacy Mesh, a system designed to connect USDT0 and existing USDT deployments across multiple blockchain networks. The integration spans TRON, Ton, Ethereum, Arbitrum, Ink, and Berachain, creating a unified framework for stablecoin interoperability.
The importance of self-custody in cryptocurrencies
Tether has invested in Zengo, a self-custody crypto wallet known for eliminating seed phrase vulnerabilities. The partnership looks to expand stablecoin adoption, enhance security, and offer users more blockchain-based financial tools. Zengo's track record of zero hacks supports Tether's vision of secure digital asset management. The post Tether Invests in Self-Custody Wallet Zengo to Speed up Stablecoin Adoption appeared first on Cryptonews.
The firm behind the biggest US dollar-pegged stablecoin by market cap is throwing its considerable weight behind a new multichain custody wallet. According to a new announcement from USDT-issuer Tether, the stablecoin behemoth is investing in the self-custodial crypto wallet Zengo.
Tether's strategic investment in Zengo wallet boosts stablecoin adoption, enabling seamless transactions and secure self-custody for global users.
Thai and Chinese authorities seized $2.5M in USDT and exposed human trafficking linked to two Chinese scammers operating from Thailand and Cambodia. The post Thailand-China Joint Operation Seizes $2.5M USDT from Chinese Scammers appeared first on Cryptonews.
TON's integration with LayerZero plays a key role in connecting the TON network to the ecosystem of the Tether USDt stablecoin.
TON's integration with LayerZero plays a key role in connecting the TON network to the ecosystem of Tether's USDt stablecoin.
Tether has announced a strategic investment in self-custodial crypto wallet Zengo to enhance the security and accessibility of blockchain tools. In a press release shared to crypto.
Tether has invested in Zengo Wallet to boost self-custody features as USDt faces regulatory pressure in the EU.
Valued at more than $141 billion, Tether's USDt is the world's largest stablecoin by market capitalization and usage.
Thai police freeze $2.5 million in USDT linked to Chinese scam suspects. The investigation uncovers hidden wallets, human trafficking links, and fraudulent operations.
A Tether spokesperson said it demonstrates “every transaction is traceable, every asset can be seized, and every criminal can be caught.”
The chief executive of stablecoin issuer Tether (USDT) says that quantum computing will allow hackers to steal Bitcoin (BTC) from lost wallets.
Bitcoin (BTC) recently plunged to nearly $91,000 amid heightened trade war concerns, triggering significant market reactions. On the same day, centralized exchanges recorded a net inflow of $2.72 billion in tether (USDT), the largest stablecoin by market value, according to blockchain analytics firm IntoTheBlock.
Centralized crypto exchanges saw a record-breaking amount of Tether (USDT), the leading stablecoin pegged to the US dollar last week.
TL;DR Tether CEO highlights the long-term risks quantum computing could pose to Bitcoin's security, emphasizing that future advancements could enable the recovery of Bitcoin from lost or inactive wallets. The potential revival of Satoshi's dormant coins raises concerns about market stability, with analysts warning that reintroducing these coins could disrupt Bitcoin's supply dynamics.
Tether CEO Paolo Ardoino has shown interest in a proposal for a quantum-powered initiative aimed at retrieving lost Bitcoin. The idea, originally put forward by Bitcoin investor Brad Mills, suggests launching a white-hat treasure hunt to locate an estimated 3.7 million BTC that have vanished from circulation.
The risk is distant, but investors should prepare for the quantum revolution.