Jack Mallers steps down as XXI Capital CEO as Tether’s plans to merge three bitcoin firms falls
Summary Tether-controlled Twenty One Capital (XXI) appointed Raphael Zagury as the new CEO, replacing Jack
Tether’s USDT hits 2-year countdown threatening its position on U.S. crypto platforms
Summary The GENIUS Act that governs U.S. stablecoin issuers is complicated and a work-in-progress, but
Tether invests $20 million in Argentine neobank Ualá as it expands Latin America push
Summary Tether invested $20 million in Ualá, an Argentine neobank with more than 11 million
U.S. adds four Iran central bank crypto wallets to sanctions, Tether freezes $131 million of contents
Summary The U.S. Treasury added four wallets linked to Iran’s central bank to its sanctions
Bolivia weighs adding Tether’s USDT to its national payments system
Summary Bolivia is evaluating a framework to integrate USDT into its national payments system as
Stablecoin market cap has shrunk by $10 billion since May, but analyst sees no reason to panic
Summary The stablecoin market has shrunk by roughly $10 billion since its May peak, including
Former Tether investment chief is looking to sell part of his stake in the stablecoin giant: Bloomberg
Summary Richard Heathcote, Tether’s former chief investment officer, is seeking to sell part of his
Circle’s USDC is leaving Tether behind in the stablecoin volume race, new data from Visa shows
Summary Circle’s USDC accounted for about 70 percent of adjusted stablecoin transaction volume in the
Tether trades at 7% to 10% premium in India. Exchanges say its just supply and demand
Summary Tether’s USDT stablecoin has surged to an unusually high premium on Indian crypto exchanges.
Tether putting $23 billion gold stockpile to work with bullion-backed loans
Summary Tether and Ledn are expected to offer gold-backed loans later this year. The move
