Tether has made a strategic investment in LemFi, a cross-border money transfer platform serving African and Asian diaspora in the UK, US, Canada, and Europe. This partnership integrates Tether's USDT stablecoin as a settlement layer to replace slow and costly SWIFT transfers with near-instant, low-fee transactions. The move aims to enhance financial inclusion by reducing remittance times from days to seconds and cutting costs by about 45%, benefiting low-income migrants sending money home. This deal fits Tether's broader strategy to build real-world payment infrastructure using its large USDT float and profits, potentially making stablecoins a default for cross-border payments.
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...
