Tether has denied reports that it is shutting down its mining operations in Uruguay following a US$4.8 million debt dispute with the state-owned electricity company, UTE. Local reports had claimed that UTE cut power to Tether’s facilities over an unpaid US$2 million electricity bill and that the company owed anContinue Reading
Former White House adviser Bo Hines leads USAT, signalling serious intent for US growth. USAT merges tokenisation with strict regulatory oversight, aiming to reshape the landscape of US finance. Despite USDT dominance, USAT directly targets Circle’s USDC as the regulated US stablecoin option. Tether has unveiled USAT, a dollar-backed stablecoinContinue Reading
The total stablecoin market has grown to an all-time high of US$280 billion, doubling in size since the beginning of 2023, with projections from McKinsey analysts seeing it grow to over US$2 trillion by 2028. The growth and institutional adoption are largely attributed to the passage of the GENIUS ActContinue Reading
Tether recorded a US$4.9 billion profit in Q2 2025, contributing to US$5.7 billion in the first half, and disclosed US$127 billion in US Treasury holdings. CEO Paolo Ardoino hinted at a new US-focused venture to launch soon, aiming to build a “best-in-class product suite” for the highly efficient American market.Continue Reading
