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.
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
The US Treasury added four crypto wallets linked to Iran's central bank to its sanctions list, prompting Tether to freeze $131 million in USDT held in TRON-based addresses. These wallets had received over $165 million in stablecoins, part of Iran's b...
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...
