USAT, a regulated U.S. dollar stablecoin issued by Anchorage Digital, has expanded to the Celo blockchain, marking its first deployment beyond the Ethereum mainnet. Celo, an Ethereum layer-2 scaling network, offers a mobile-first ecosystem with 14 million users via Opera MiniPay, providing USAT immediate access to a large user base. Google Cloud supports the infrastructure for this rollout, and plans are underway for USAT to become a native gas currency on Celo pending governance approval. This expansion aims to increase access to programmable, trusted digital money, especially in regions with limited traditional banking, while maintaining compliance and transparency through third-party attestations and audits.
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...
