Tether CEO Paolo Ardoino clarified that the company is not developing its own blockchain nor plans to launch one, contradicting a recent CoinMarketCap analysis that grouped Tether with other firms racing to build stablecoin-specific blockchains. Instead, Tether continues to operate USDT on existing networks like Tron and Ethereum, paying billions in fees but maintaining broad liquidity and regulatory flexibility. This strategy allows Tether to keep USDT widely distributed across multiple platforms, even as competitors like Circle gain ground in certain markets. The denial highlights Tether's choice to prioritize reach and adaptability over capturing blockchain transaction fees directly.
KPMG completed its first full audit of Tether's 2025 financial statements, confirming reserves exceeded liabilities by $6.814 billion at year-end 2025. However, Tether's more recent Q2 2026 report shows the surplus has shrunk to $4.11 billion. This a...
Bolivian fintech Peso has partnered with Yango Food to allow users to pay for food delivery using USDT, a dollar-pegged stablecoin. This integration helps address Bolivia's dollar liquidity issues by enabling digital dollar transactions without requi...
Cryptocurrency market prices show a general downward trend with Bitcoin trading at $62,805, down 1.2%. Ethereum and Binance Coin also saw slight declines. Notably, UNI token dropped sharply by 10.8%, and BEAT fell by 32%. Some tokens like ATOM and VV...
The UK's Financial Conduct Authority (FCA) and crypto exchange HTX are reportedly in settlement discussions regarding HTX's illegal crypto promotions in the UK. This marks a significant step in the FCA's enforcement against unauthorized crypto market...
Tether has released nearly 80 new educational lessons for its open-source local AI platform, QVAC, which supports offline AI model execution across multiple operating systems. The update includes runnable code samples and introduces a music generatio...
