Amid efforts to further boost the adoption of Tether Gold, Paulo Ardoino, the CEO of the largest stablecoin issuing company, Tether, has confirmed the news of a new partnership with a major crypto lending platform.
ED raids on Bengaluru firms disrupt stablecoin inflows and raise costs for Indian crypto traders.
India's USDT premium has climbed to more than 8.5%, more than twice its usual level, after enforcement action against crypto remittance firms has disrupted the domestic supply of the stablecoin. According to The Economic Times, Tether's USDT traded at 102.
The local rupee quote shows how enforcement pressure can make stablecoin liquidity more expensive before regulated rails are ready.
Tether is expanding XAU₮ with Ledn support as gold-backed loans are planned, giving holders a way to borrow without selling tokenized bullion.
The exchange will deliver these funds by distributing $20 USDT vouchers to users in the areas affected by the recent earthquakes. Binance is also eliminating P2P transaction fees for Venezuelan bolivars until July 2, and waiving Binance Pay fees.
The stablecoin issuer is extending its tokenized gold strategy by allowing holders of XAUT to borrow against their bullion, mirroring bitcoin-backed lending without selling the underlying asset.
The Brazil integration tests whether stablecoins work best when users spend through a rail they already trust.
Farage's undisclosed gift raises concerns about transparency and influence in politics, highlighting the need for stricter financial disclosure rules. Nigel Farage defends £5M gift from Tether billionaire Christopher Harborne.
Binance recorded approximately $170 million in net USDT inflows over a 24-hour period, signaling a notable spike in stablecoin deposits to the world's largest cryptocurrency exchange by trading volume.
Shift4's integration of USDT into its payment system could boost stablecoin liquidity and circulation, despite regulatory uncertainties. Shift4 Payments enhances Pay with Crypto solution, accepts Tether payments.
Tether CEO Paolo Ardoino has announced that self-custody wallet creations built using the company's Wallet Development Kit have surpassed 100,000, signaling growing developer adoption of the stablecoin issuer's open-source infrastructure tooling.