Sorted Wallet secured $4.4 million in seed funding led by Tether and Gnosis to grow its mobile-first cryptocurrency wallet designed for low-spec devices in developing regions. The lightweight 10MB app enables crypto transactions on basic phones, targeting financial inclusion in Sub-Saharan Africa and South Asia, with over 500,000 downloads so far. The investment will support expansion into new markets like Central America and enhance partnerships with mobile operators to reach underserved users. This funding highlights a shift toward accessible, mobile-optimized crypto solutions for emerging economies.
Union Investment's Christoph Hock criticized Tether and USDC for holding significant gold and bitcoin reserves, arguing they don't qualify as genuine stablecoins. USDC experienced notable price drops in 2023 and 2024, highlighting stability risks. Th...
Sorted Wallet, an early-stage crypto wallet startup, secured $4.4 million in a seed funding round led by major crypto firms Tether and Gnosis. This investment highlights growing institutional interest in wallet infrastructure, especially where stable...
European regulators are increasing oversight on stablecoins like Tether (USDT) and USDC due to concerns about their reserve compositions, which may expose investors to hidden risks. Experts argue that Tether's reserves, heavily invested in gold and b...
In 2025, the total stablecoin supply surpassed $300 billion, with Tether's USDT commanding about 58% of the market, nearing $190 billion in supply. Despite a $100 billion increase in stablecoin supply, new bank-issued and GENIUS Act-compliant stablec...
The top stablecoin issuer has submitted seven trademark applications in South Korea covering corporate branding and its gold-backed stablecoin, signaling plans to establish local operations. This move aligns with anticipated regulatory requirements t...
