Tether and Fasanara Capital have partnered to launch StableFund, a $400 million evergreen private credit fund using Tether's USDT stablecoin for cross-border lending. The fund aims to expand to $3 billion by attracting institutional investors and will focus on short-term, asset-backed loans to small and medium businesses and consumers across 60+ countries. Tether provides the digital infrastructure for efficient international capital transfers, while Fasanara manages the fund and investments. This move diversifies Tether's business beyond stablecoins, leveraging its market dominance and expanding digital dollars' role in global finance.
Senator Richard Blumenthal is investigating payments made by Tether to Nxum, a consulting firm co-founded by Bo Hines, a former White House crypto adviser now leading Tether's U.S. operations. The probe focuses on potential ethical and legal issues s...
Bitcoin experienced the largest outflow among cryptocurrencies with $403.44 million leaving, while tokens such as SOXLB and Ethereum saw notable inflows of $7.23 million and $5.17 million respectively. Funds also flowed into the crypto market from va...
In the past 24 hours, Bitcoin (BTC) and XRP experienced significant net outflows, with BTC seeing the largest withdrawal of $302.61 million. Meanwhile, stablecoins USDC and USDT posted net inflows, led by USDC's $183.59 million inflow. Ethereum (ETH)...
Extended is moving its settlement system from Starknet, an Ethereum Layer 2 solution, to Circle's Arc, a Layer 1 blockchain, starting Oct. 22 at 9 a.m. ET. During this transition, USDT will convert to USDC and Wrapped Bitcoin (wBTC) to cirBTC at a 1:...
On October 21, 2026, Bitfinex transferred $113 million worth of Tether (USDT) stablecoins to Tether Treasury. This large transaction between a major crypto exchange and the stablecoin issuer highlights significant movement in the crypto market. Howev...
