A subtle social media signal from Tether's Paolo Ardoino, liking a post critical of Coinbase CEO Brian Armstrong's push for stablecoin yields, highlights a growing divide in the crypto industry. The debate centers on the CLARITY Act's draft provisions, which may restrict stablecoin issuers from offering yields, a move that could invite stricter regulation by making stablecoins resemble bank deposits. Coinbase supports yield offerings to enhance user value and compete with traditional finance, while others, including regulators and Tether, urge caution. This rift among major crypto players could shape the future regulatory landscape and the industry's direction as the CLARITY Act nears a decisive phase.
Circle won a court-backed arbitration ruling confirming it lawfully suspended Heka Funds' USDC minting and redemption services due to undisclosed ties to Tether and suspected market manipulation. Heka failed to disclose Tether as its main investor, w...
Tether is shifting stablecoin use from crypto trading to everyday financial services by leading a $7 million investment in Pact Labs. The company aims to integrate its stablecoin USA₮ into payroll systems and real-time payments, addressing the $11 tr...
Pact Labs secured $7 million in a Series A funding round led by Tether to enhance its on-chain lending platform on the Aptos blockchain. The company operates the PACT Protocol, which has facilitated nearly $2 billion in loans and serves around 500,00...
Tether led a $7 million Series A funding round in Pact Labs to expand the use of its USA₮ stablecoin in payroll, payments, and lending through fintech partnerships. Pact Labs connects traditional fintech with blockchain liquidity, enabling over 500,0...
South Korean cryptocurrency exchange Upbit began trading the Derive (DRV) token on July 14, offering trading pairs with Korean won (KRW), Bitcoin (BTC), and Tether (USDT). This listing enhances DRV's exposure in one of Asia's largest crypto markets a...
