Tether CEO Paolo Ardoino criticized the Bank for International Settlements (BIS) for promoting tokenized bank deposits over stablecoins, arguing that stablecoins are safer because they are fully backed by U.S. Treasuries, unlike tokenized deposits which are often only 10% collateralized. This dispute highlights concerns that the CLARITY ACT could cause a large shift of deposits from banks to stablecoins, which are growing in popularity, especially in emerging markets. Ardoino suggests that stablecoins expose the risks of fractional reserve banking and could lead to a significant migration of savings to these fully reserved digital assets.
Tether is expanding its Hadron tokenization platform across the Asia-Pacific region, appointing Jed Nazif as Expansion Manager to drive real-world asset tokenization initiatives. Hadron, launched in 2024, enables institutions to issue and manage toke...
The United States government has filed a civil forfeiture case against approximately 225.36 million USDT, a stablecoin pegged to the U.S. dollar issued by Tether. This legal action names the stablecoins themselves as the defendant property, a method ...
A U.S. federal court has initiated a civil forfeiture case naming approximately 225 million USDT stablecoins as the defendant property. This legal action targets a large tranche of Tether's dollar-pegged tokens, signaling government efforts to seize ...
A U.S. court has filed a civil forfeiture case concerning cryptocurrency seized from Tether Ltd. and an associated wallet address. This procedural action targets the assets themselves, not Tether Ltd. as a defendant, and no wrongdoing has been establ...
Bitcoin options with a notional value of about $6.4 billion are set to expire on August 28, 2026. This large expiry could influence market positioning and volatility, though the actual impact on Bitcoin's price depends on factors like strike distribu...
