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cointelegraph

Tether earns $1.5B in Q2 as US Treasury holdings fuel profits

Stablecoin issuer Tether generated another multibillion-dollar quarter as income from its US Treasury portfolio continued to bolster earnings, even as the broader crypto market remained under pressure.Tether’s latest quarterly attestation, released Friday, reported a net operating profit of $1.5 bi…

Cointelegraph en_IN
BondsCrypto
cointelegraph

Tether signs tokenization deal with Nairobi Securities Exchange

Tether signed a memorandum of understanding with the Nairobi Securities Exchange to explore tokenized securities, blockchain-based market infrastructure and the potential use of USDt (USDT) as a settlement layer.Tether said in a Tuesday announcement that the memorandum outlines plans to explore blo…

Cointelegraph en_IN
Crypto

Crypto Biz: When dollars disappear, stablecoins step in

Stablecoins have long been pitched as a faster way to move dollars across borders. In Bolivia, they’re increasingly becoming a way to access dollars in the first place. The country’s recent proposal to recognize Tether’s USDt (USDT) for payments underscores how economic instability is driving adopt…

Cointelegraph en_IN
Crypto
cointelegraph

Tether invests $20M into Argentine neobank Ualá

Stablecoin giant Tether reportedly invested $20 million in the Argentine neobank Ualá, as part of its broader push in Latin America.The investment formed part of a $197 million equity funding round announced by Ualá in March and led by Allianz X, according to Bloomberg. Ualá disclosed Tether as a p…

Cointelegraph en_IN
CryptoStocksAR
the_block

Crypto fatwa sparks debate over Pakistan’s digital asset framework

Pakistan’s top crypto regulator called for digital assets to be assessed individually under Islamic law after meeting with a prominent scholar whose recent fatwa broadly rejected purchases made with cryptocurrency.Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib said Sa…

The Block en_IN
Crypto

Tether Invests $20M in Mercado Bitcoin

Tether, the issuer of the world’s largest stablecoin, USDT, is making another major expansion move. The company has announced a $20 million investment in Brazil-based Mercado Bitcoin, one of Latin America’s biggest regulated crypto platforms.Could this deal position Brazil as the next major crypto…

Coinpedia en_IN
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