Jack Mallers has stepped down as CEO of Twenty One, a Bitcoin treasury firm backed by Tether, after just seven months due to disagreements with the board over the company's future. His departure follows public questioning of Twenty One's financial metrics and digital credit yields earlier this year, which sparked investor concerns. Mallers denied any misconduct, stating he took no severance and forfeited his options. The firm is now fully controlled by Tether and is reconsidering its business model under new leadership focused on cash flow rather than just Bitcoin accumulation.
The stablecoin market cap has surpassed $310 billion, adding over $1 billion in liquidity in just 72 hours, signaling strong growth heading into Q4. Tether is reintroducing USDT on the Bitcoin network, while Circle is launching cirBTC, a wrapped BTC ...
Utexo is set to launch USDT on the Bitcoin mainnet in October, offering services including private USDT transfers, direct Bitcoin swaps, and loans backed by native Bitcoin without wrapping. The platform aims to keep transaction details private and wi...
Tether's stablecoin USDT is launching on the Bitcoin network this month through Utexo, a startup licensed to deploy it using the RGB protocol for transaction privacy. This move marks USDT's return to Bitcoin after originally debuting there in 2014 be...
Tether-backed stablecoin USDT is relaunching on the Bitcoin blockchain after 12 years through Utexo, combining Bitcoin's security with Lightning Network speed and RGB privacy. This move aims to make Bitcoin a settlement rail for dollar transactions, ...
Utexo, backed by Tether, has obtained a commercial license to issue USDT on the Bitcoin network and plans to launch this month. The platform uses RGB technology to enable private USDT transfers and direct BTC-USDT swaps without wrapping Bitcoin, targ...
