Venezuela traded $1.39B in USDT on Binance P2P in a month, as Ecoanalítica estimated volume reached 75% of monthly oil export value.
Argentine fintech Uala has completed a $197 million financing round led by Allianz X, with Tether joining as a participant, according to the company's official announcement of the raise.
Tether CEO Paolo Ardoino says USDT adds 30 million new wallets each quarter, pushing total users to 500 million as emerging markets drive stablecoin Tether CEO Paolo Ardoino reports 30 million new USDT wallets every quarter.
USDT trading in Venezuela hit 75% of monthly oil exports as the sanctioned petrostate increasingly settles crude sales through Tether's stablecoin. USDT trading in Venezuela rivals country's oil exports.
Open-source development: The tool allows processing brain-computer interfaces locally on the user's hardware without sending data to the cloud. Competition results: The development team earned fourth place out of 466 participants in the global Brain-to-Text '25 competition held in February. Recorded accuracy: The system achieved a word error rate of 1.
Tether has frozen $131 million in USDT held in cryptocurrency wallets that U.S. authorities linked to Iran's central bank, after the Treasury Department added four addresses to its sanctions list. The move underscores how the issuer of the world's largest stablecoin can lock down funds tied to sanctioned entities at the contract level.
Tether's open-source brain-to-text tech could revolutionize privacy in AI, fostering decentralized innovation and reshaping the machine economy. Tether AI open-sources brain-to-text engine, prioritizes user privacy with QVAC.
The freeze targets TRON-based addresses that held over $165 million, preventing those specific funds from being transferred or redeemed.
The London-headquartered financial technology firm Revolut has secured preliminary authorization from the Virtual Assets Regulatory Authority (VARA) in Dubai to deliver cryptocurrency services throughout the United Arab Emirates.
Tether has invested $20 million in Uala, an Argentine digital bank, in a deal that pushes the stablecoin issuer deeper into Latin America's fintech sector and links its balance sheet to one of Argentina's best-known consumer banking platforms.
In May 2023, Tether held a cumulative position of $504.6 million in Heka's Elysium fund, a figure that rose to $800 million at the time of the arbitration. Circle executed the full suspension of minting and redemption services for Heka's account on December 1, 2023, protected under the master services agreement.
The United States froze more than $130 million worth of USDT held in four Tron wallets linked to Iran's Central Bank.