Richard Heathcote, former Chief Investment Officer of Tether, is looking to sell part of his 1.26% stake in the private stablecoin company. Working with PJT Partners, the sale could reveal Tether's private market value, potentially around $50 billion, given USDT's $184 billion circulation. This move comes as Tether pauses a major fundraising and prepares for a full audit by a Big Four firm, which could influence institutional investor confidence. The sale could set a benchmark valuation for Tether, contrasting with its main competitor Circle, which is publicly valued.
USDT deposits on Aave V3 increased by $526 million over three months, pushing total deposits to about $3.03 billion by late July 2026. This surge reflects strong demand for stablecoins in decentralized lending, with active USDT loans reaching $2.5 bi...
Circle and Tether, the leading stablecoin issuers, minted $3 billion in new tokens over two days, reflecting ongoing high demand for dollar liquidity on blockchain networks. Tether added $1 billion to its USDT supply, now around $183 billion, while C...
Tether has exited two Bitcoin mining operations in Uruguay following a conflict with the state utility UTE over electricity supply, leading to a halt in mining activities and losses of about $120 million. The dispute arose from differing interpretati...
Tether's $120 million Bitcoin mining project in Uruguay collapsed due to a dispute with the state utility UTE over electricity allocations, leading to power disconnections in July 2025. The disagreement centered on contract terms about power limits, ...
Oobit has partnered with AEON to integrate crypto payments into Vietnam's VietQR network, allowing travelers to pay with cryptocurrency by scanning local QR codes. Merchants receive payments in local currency, making it seamless without changing exis...
