Raphael Zagury, former CIO of Tether, intends to sell his stake in the company, marking a rare liquidity event for insiders of the stablecoin giant. This comes as Tether explores raising $15-$20 billion in capital, potentially valuing the company at up to $500 billion. Despite the sale, Tether's operational control remains concentrated, and its expansion into Bitcoin mining and equity investments continues. The outcome of US stablecoin regulations and rising competition will heavily influence Tether's future valuation and market position.
Samsung Wallet now supports USDC stablecoin on 82 million Galaxy devices in the US, enabled by blockchain partner Sui with gasless transfers that eliminate transaction fees. This integration allows users to send and receive digital dollars without ne...
An unidentified wallet transferred approximately 133.78 million USDC to Aave, a decentralized lending platform, continuing a recent trend of large stablecoin movements. This substantial deposit could indicate liquidity provisioning for yield or a tre...
