Tether co-led a $7.5 million seed round for Utexo, which integrates Bitcoin's base layer, Lightning Network, and the RGB protocol to enable native USDT stablecoin issuance on Bitcoin. This move marks a return of USDT to Bitcoin after years on Ethereum and Tron, addressing issues like privacy, fixed transaction costs, and institutional risks. Utexo's platform targets payment service providers and exchanges, offering instant, private, and low-cost transactions secured by Bitcoin's network. The growing Lightning Network volume supports this shift, signaling strong institutional interest in Bitcoin-native stablecoin infrastructure.
Binance recorded a net inflow of approximately $170 million in USDT stablecoins over a 24-hour period, indicating a significant rise in stablecoin deposits to the exchange. This inflow suggests increased deployable capital on Binance, potentially for...
The European Union will implement tough anti-money laundering (AML) regulations on cryptocurrencies starting July 2027, including a €10,000 cap on payment transfers and a ban on privacy coins like Zcash. These measures aim to prevent illicit activiti...
Bitcoin and Ethereum led gains in the crypto market with prices rising 1.31% and 1.58% respectively, driven by increased spot demand. However, trading volumes in derivatives and DeFi sectors dropped significantly, indicating cautious investor behavio...
Tether CEO Paolo Ardoino announced that over 100,000 self-custody wallets have been created using Tether's open-source Wallet Development Kit (WDK). This milestone highlights growing developer adoption of Tether's infrastructure, enabling users to co...
Tether is shutting down Alloy by Tether and its aUSD₮ stablecoin, ending its experiment with gold-backed collateralized lending on the blockchain. The platform allowed users to mint a synthetic dollar asset backed by tokenized gold but saw limited de...
