Tether has partnered with Fasset to launch the first gold-backed Visa card, allowing users to spend, save, and earn tokenized gold (XAUT) globally. Cardholders get up to 6% cashback in XAUT on eligible purchases and can invest transaction round-ups into gold via an integrated savings feature. Supported by Fasset’s platform, the card offers multi-currency accounts, instant settlements, and access to various investments, enhancing the practical use of gold-backed digital assets. Tether is also allocating up to $1 million in XAUT to boost rewards and adoption, especially in regions with currency volatility.
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...
