Bitcoin24h $123,945.11-0.85%

Ethereum24h $4,559.67-0.01%

XRP24h $2.99-1.49%

BNB24h $1,209.45+3.42%

Solana24h $233.74-0.65%

Dogecoin24h $0.2570-1.48%

TRON24h $0.3428+0.26%

Cardano24h $0.8458-2.52%

Hyperliquid24h $48.79-3.56%

Chainlink24h $22.02-2.68%

If Tether has $105B in its reserves, why is it raising cash?

According to Bloomberg, Tether is in negotiations with investors to raise funds in exchange for a 3% stake in Tether Holdings SA.

Tether’s new USAT stablecoin led by Trump’s former advisor Bo Hines

Tether has announced a new US-based stablecoin called USAT that will be led by Bo Hines, President Trump’s former advisor on digital assets.

LlamaRisk claims the bug bounties of multi-billion dollar stablecoin firms Circle and Tether are “inadequate,” and fail to exceed $10K.

Tether will terminate redemptions and freeze most USDT tokens using the Bitcoin ledger on September 1 as it terminates Omni support.

Omar Rossi has worked for a variety of interesting financial firms in Switzerland and the Bahamas and now seems to be involved with Tether.