{
}
Tether's USDT stablecoin faces regulatory uncertainty as the EU's Markets in Crypto-Assets Regulation (MiCA) takes effect on December 30, raising compliance questions. Coinbase has delisted USDT, while other exchanges await guidance, potentially leading to a shift towards USDC or fiat currencies. Tether CEO Paolo Ardoino dismissed the surrounding FUD as a competitive tactic, emphasizing the stablecoin's significance in the crypto market.
Tether has made its first venture capital investment, contributing $2 million to Arcanum Capital’s Emerging Technologies Fund II, which focuses on decentralized Web3 projects. CEO Paolo Ardoino emphasized the importance of censorship resistance and individual freedoms amid increasing financial restrictions. This investment aligns with Tether's broader strategy of diversification, which includes a proposed boron-backed token for Turkey and a $775 million investment in the free-speech video platform Rumble.
Brazil's central bank has proposed a ban on stablecoin transfers to self-custodial wallets, aiming to regulate transactions within Brazilian platforms. Industry experts warn that such restrictions could drive users toward decentralized solutions, as seen in other countries with similar bans. Tether's CEO emphasizes the need for a balanced regulatory approach to support innovation while protecting consumers in Brazil's active stablecoin market.
Tether CEO Paolo Ardoino is spearheading initiatives to create real-world applications for Bitcoin (BTC) and USDT, emphasizing collaboration and technological freedom. The company plans to launch an AI platform in 2025 and has made significant investments, including $775 million in Rumble and $500 million in Bitcoin mining, while also introducing innovative products like the gold-backed stablecoin aUSDT. Tether's focus on decentralized solutions and futuristic technologies, such as brain-computer interfaces, highlights its commitment to expanding the utility of cryptocurrencies beyond traditional finance.
Stablecoins are projected to play a crucial role in global commerce, with their market cap expected to reach $300 billion in 2025, driven by the dominance of USDT and USDC. However, regulatory challenges and the emergence of "exotic" stablecoins pose risks for retail investors. As demand for stablecoin-linked payment solutions grows, companies like Visa anticipate a surge in stablecoin card adoption, signaling a shift towards mainstream usage for international payments.
Tether has announced a $775 million investment in Rumble, a YouTube alternative, with plans to use $250 million for growth initiatives and the rest for a self-tender offer for Class A common stock. Tether will acquire 103,333,333 shares at $7.50 each, while Rumble's CEO Chris Pavlovski retains control. Both companies emphasize shared values of decentralization and free expression, with Tether exploring crypto payment solutions for Rumble.
Tether, the issuer of the USDT stablecoin, plans to launch an AI platform in early 2025, allowing users to interact with AI via their cell phones. CEO Paolo Ardoino revealed that the company will invest part of its 2024 net profits, which exceeded $10 billion, into this initiative and other ventures, including a recent $775 million investment in video-sharing platform Rumble. Tether's USDT has seen a significant increase in market capitalization, now at $140 billion, driven by rising demand and a growing number of wallets holding the stablecoin.
Tether, the leading stablecoin provider, reported a net profit of USD 10 billion in 2024, rivaling major banks with a fraction of the workforce. With a circulating supply of 140 billion USDT, the company dominates the stablecoin market, holding 68% of the total capitalization. Tether plans to reinvest over half of its profits, further solidifying its presence in the U.S. and Switzerland, while navigating legal challenges regarding its reserve transparency.
Tether is set to launch its own AI platform in the first quarter of 2025, according to CEO Paolo Ardoino. The company plans to invest at least half of its projected $10 billion profits into this initiative, as demand for its USDT stablecoin continues to grow, with a market cap of approximately $140 billion and a significant increase in wallet holders.
Tether's CEO, Paolo Ardoino, projects a net profit exceeding $10 billion for 2024, with plans to invest over half into strategic projects, including AI and regulatory-compliant innovations under the MiCA framework. The company's reserve management, featuring U.S. government bonds and gold, supports USDT's stability and profitability, enabling significant investments like a $775 million stake in a popular video-sharing platform. Tether aims to enhance its influence in both the financial and technology sectors while fostering the development of MiCA-compliant stablecoins to boost liquidity in Europe.
Paolo Ardoino
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Tether faces regulatory uncertainty as MiCA regulations take effect in Europe
United States Dollar
Euro
Crypto.com Staked ETH USD
Coinbase Global, Inc.
Juan Ibáñez
Pascal St Jean
Paolo Ardoino
Show more
19:31 27.12.2024
Tether invests two million in Arcanum Capital to enhance decentralized technologies
18:00 26.12.2024
brazil's stablecoin ban may accelerate shift to decentralized finance solutions
Brazilian Real
United States Dollar
Tether USDt CNY
BRA
CHN
NGA
Kain Warwick
Paolo Ardoino
Show more
14:26 26.12.2024
Tether CEO outlines plans for innovative real-world applications of Bitcoin and USDT
08:00 25.12.2024
stablecoins poised for growth in 2025 amid regulatory challenges and innovations
United States Dollar
Tether USDt CNY
Ethereum USD
Visa Inc.
PayPal Holdings, Inc.
Alchemy Pay CNY
Donald Trump
Ben Reynolds
Ustad Azeem Khan
Bill Zielke
Simon Mcloughlin
Paolo Ardoino
Cuy Sheffield
Vishal Gupta
Show more
16:29 24.12.2024
tether invests 775 million in rumble to enhance growth and decentralization
20:45 23.12.2024
Tether plans AI platform launch for 2025 amid strong stablecoin growth
19:18 23.12.2024
Tether reports ten billion dollars in profit amid stablecoin market dominance
United States Dollar
Euro
Tether USDt CNY
Cantor Fitzgerald Income Trust, Inc. Class I
USA
CHE
ITA
Paolo Ardoino
Howard Lutnick
Show more
10:10 23.12.2024
tether to launch artificial intelligence platform in early 2025
18:55 22.12.2024
Tether aims for record profits with strategic investments in technology and innovation
15:00 21.12.2024
Trending
Subcategory
Startups & Entrepreneurship
Corporate News
Industry Trends
Retail and Consumer Goods
Supply Chain Management
Global Trade Developments
AI Applications
Stock Market Updates
Private Equity Deals
Industry Mergers & Acquisitions
AI Innovations
Funding Rounds & Investments
Fintech Startups
Energy Sector Developments
Government Economic Policies
Global Financial Events
CEO Changes
Emerging Startups
Corporate Social Responsibility
Commodities
Countries:
Companies:
Apple Inc.
Google Inc.
Amazon.com, Inc.
OpenAI ERC USD
Tesmec S.p.A.
Tesla, Inc.
Microsoft Corporation
Wise plc
Mastercard Inc
Walmart Inc.
Mistral 1
Nippon Steel Corp
Hollywood Bowl Group PLC
NASDAQ Composite
CCTV 50 CSR
Medtronic plc
Johnson & Johnson
GE HealthCare Technologies Inc.
McDonald's Corporation
Toyota Motor Corp
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
British Pound Sterling
United Arab Emirates Dirham
Japanese Yen
New Zealand Dollar
Thai Baht
Vietnamese Đồng
Singapore Dollar
Saudi Riyal
Australian Dollar
Omani Rial
Bahraini Dinar
Qatari Riyal
Algerian Dinar
People: