Tether's gold-backed digital token XAU₮ has received Shariah certification, enabling access to the growing Islamic finance market. Each token represents one ounce of physical gold stored in Swiss vaults and trades on Ethereum-based platforms. Abu Dhabi Global Market has recognized XAU₮ as an Accepted Spot Commodity, allowing regulated firms to offer related services. This certification and regulatory approval could attract new investors in the Gulf region, although some compliance concerns remain regarding issuer operations and planned yield products.
Tether has accumulated 97,141 Bitcoin, valued at about $6 billion, making it the second-largest private corporate Bitcoin holder if it were public. This Bitcoin reserve is funded by allocating up to 15% of Tether's quarterly profits from its reserve ...
Houthi rebels attacked two Saudi oil tankers in the Red Sea, the first such strikes since 2019, causing Brent crude oil prices to surge over 7% and surpass $100 per barrel. This escalation follows the collapse of a truce between the Houthis and Saudi...
Tether, the largest stablecoin issuer, faces a $2.9 billion annual fee drain to blockchains it doesn't control, mainly Ethereum and Tron. To reclaim these fees, Tether supports two competing USDT blockchains: Plasma, a DeFi-focused chain with a nativ...
The US federal debt exceeds $39 trillion, but foreign ownership of US Treasuries has dropped from nearly 49% in 2011-2012 to about 30-32% today. Traditional foreign buyers like China are reducing their holdings, while domestic investors and the Feder...
Mubadala Capital, Abu Dhabi's sovereign-linked investment arm, launched a $75 million tokenized version of its Alternative Solutions Fund across three blockchains: Coinbase’s Base, Solana, and Sui. This move makes private market investments more acce...
