Tether at $500B valuation is incredibly bullish for digital asset valuations.For Tether, as a company...> Reserve assets predominantly in U.S. Treasuries (low risk, high liquidity) + BTC, Gold.> Solid profitability from interest + investment returns. $10B+ expected from interest income.> Excess reserves give buffer room in downturns. They own equity soccer teams, farms in LATAM, Bitcoin miningfirms> $USDT circulation and user base to continue growing with chains like Plasma launching this week creating stro ...

RT Dante Disparte (@ddisparte)You can't put new money on old rails, anymore than you can build modern markets without encouraging responsible innovation. @CFTCpham and the @CFTC tokenized collateral and stablecoin tech sprint are great examples of U.S. leadership. ...

RT Token Terminal 📊 (@tokenterminal)🚨🆙 Active loans of @circle's USDC stablecoin on @aave are up by ~150% since the start of the year.Borrowers on Aave 🤝 Stablecoins https://t.co/Kzdg0NKyhb ...

Stablecoin giant Tether is looking to raise between $15 billion and $20 billion for about a 3% stake in the company through a private placement, Bloomberg reported, citing two people familiar with the matter. The massive raise would bring its valuation to around $500 billion, putting it in the same league as OpenAI and SpaceX, Bloomberg reported. Tether would be issuing new equity, and Cantor Fitzgerald is acting as lead adviser. Tether's USDT has market cap of around $172.8 billion, making it the larges ...

(Reuters) -Crypto giant Tether is in talks to raise as much as $20 billion in a private placement that could value the El Salvador-based firm at about $500 billion, Bloomberg News reported on Tuesday. The company is seeking $15 billion to $20 billion for roughly a 3% stake, the report said, citing people familiar with the matter. Still, the figures were top-end targets and eventual numbers could end up significantly lower, with the valuation of the company depending on the stake offered, the report added ...

stablecoin, USDT, USDC, Visa, frax stablecoin. Photo by BeInCrypto Kazakhstan is planning to launch "Evo," a new stablecoin pegged to its national currency, Tenge. Solana, Mastercard, and several local organizations are supporting the project. This project aims to create a cohesive local Web3 industry for the nation. Hopefully, this high level of local commitment and international partnerships can ensure success. Kazakhstan's New Stablecoin Kazakhstan is no stranger to the crypto industry, spending sev ...

Ethena is a synthetic dollar protocol built on the Ethereum blockchain. Its native token ENA drew attention on Tuesday, Sept. 23, after staging a 5% intraday rally despite prevailing bearish sentiment across crypto markets. The bounce followed five consecutive days of losses, which saw ENA decline more than 20% since the Fed’s Sept. 18 rate cut triggered downturns in demand for USD-pegged assets. At press time, ENA had reclaimed the $0.61 level, rising 5%, despite a 32% decline in trading volume in the las ...

Ripple, XRP. Photo by BeInCrypto Ripple and Securitize announced a smart contract. It lets holders of BlackRock’s BUIDL and VanEck’s VBILL tokenized Treasury funds redeem shares for Ripple USD (RLUSD). The feature creates a regulated off-ramp that works 24/7. It gives institutional investors instant settlement and programmable liquidity. Ripple and Securitize enable institutional off-ramp BlackRock launched the USD Institutional Digital Liquidity Fund (BUIDL) in March 2024. It surpassed $1 billion in ass ...

More here from @SuperteamKZ on the @nationalbank_kz’s pilot project to issue a tenge-backed stablecoin (KZTE) on Solana within its regulatory sandbox: https://t.co/S4kHQOkvsaSuperteam Kazakhstan (@SuperteamKZ):🚀 Kazakhstan launches its first tenge-backed stablecoin on Solana!Today, the The National Bank of Kazakhstan @nationalbank_kz announced the start of a pilot project to issue a tenge-backed stablecoin (KZTE) within its regulatory sandbox.The issuer is @Intebix (a licensed https://t.co/XQXlLtbBkE ...

BREAKING: The National Bank of Kazakhstan has launched the first tenge-backed KZTE stablecoin on Solana, in partnership with Mastercard, Intebix, and Eurasian Bank 🇰🇿🪙 https://t.co/TTJD1be4cY ...