Tether has filed a lawsuit in São Paulo to recover a $300 million loan given to Titan Holding, part of the Master conglomerate involved in one of Brazil's largest financial frauds. The loan, issued by Tether Investments in March 2025, has not been repaid following the arrest of Daniel Vorcaro, owner of the conglomerate and Banco Master, which collapsed due to a $2.2 billion reserve shortfall. Tether seeks to freeze Titan's assets but confirmed this loan is separate from the funds backing its USDT stablecoin. This case highlights Tether's significant loan portfolio, which is heavily collateralized and part of its broader financial strategy.
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...
