KAST has raised $80 million in a Series A led by QED Investors and Left Lane Capital, valuing the startup at $600 million.
Earlier this week, Tether also invested in the sleep-technology startup Eight Sleep, at a $1.5 billion valuation.
Tether has landed a Big Four accounting firm’s name on a reserve report tied to its US strategy. On Feb. 27, Deloitte issued an independent accountant’s report on Anchorage Digital Bank’s “USAT Reserve Report,” an attestation covering USAT, a US dollar token issued by Anchorage Digital Bank, National Association, in collaboration with Tether. The development […]
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The firm behind the $183 billion USDT stablecoin is expanding beyond its crypto roots to longevity and artificial intelligence.
FATF flagged AML risks from peer-to-peer stablecoin transfers, pointing to freeze and deny-list controls as potential safeguards.
The report is a third-party attestation, which provides a snapshot of reserves at a specific point in time, rather than a full audit of the company's finances.
USAT CEO Bo Hines has said Tether could become one of the top 10 buyers of U.S. Treasury bills this year as demand for stablecoins grows.
Barclays has previously invested in stablecoin settlement infrastructure and consortium efforts, signaling an infrastructure-first approach rather than direct token issuance.
The online marketplace said it will embed Tether's crypto wallet tools and USDT, USAT tokens to power crypto payments for over 18 million users.
The Fellowship political action committee promised $100 million, with reports that Tether may have been tied as a backer, but the fund has so far delivered zero.
Tether has taken a stake in Whop as the marketplace adopts its WDK to enable USDT and USAT onchain creator payouts.
Growth of tether and other top stablecoins has stalled, posing risk to the broader crypto market.
Standard Chartered said stablecoin growth could generate up to $1 trillion in new T-bill demand by 2028, potentially reshaping issuance.
CryptoQuant said the exchange whale ratio has risen to 0.64, the highest level since 2015, suggesting whales are leading selling activity.
IQMM follows the GENIUS Act’s 93-day Treasury requirement, effectively narrowing reserve management to short-term government paper.
The company claimed the bragging right of being the first to let investors opt for dividend payments in a cryptocurrency, backed by gold.
TON Foundation and Banxa have partnered to enable stablecoin payments for APAC merchants using TON infrastructure.
Stablecoin use in everyday spending, cross-border work, and savings allocation is growing rapidly among crypto-savvy consumers.
Gold back over $5,000 is a market tell: fear is back. Tether just paid $150 million for the last mile. By taking ~12% of Gold.com and integrating XAU₮, Tether is buying distribution, so a USDT holder can reach for gold without leaving the crypto payment loop Gold is trading above $5,000 an ounce again, and […]
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Dreamcash said Tether made a strategic investment in the project in the wake of its 10 RWA perps deployments.
ZRO, the native token of the omnichain interpretability protocol LayerZero, has skyrocketed more than 40% on the past day following the announcement of its new Layer-1 (L1) blockchain backed by major institutional players. Related Reading: XRP Positioned For Major Structure Shift As Price Tests Critical Level LayerZero Unveils Zero Blockchain On Tuesday, LayerZero Labs announced a new L1 blockchain, Zero, aimed at institutional financial markets. According to the announcement, it is set to launch in fall 2026, with three initial “zones,” described as permissionless environments fully owned and governed by the underlying network. Moreover, ZRO will serve as the network’s native token, providing interoperability between Zones and across the 165+ blockchains it connects. Designed to “eliminate the long-standing scalability challenges of decentralized networks,” Zero is set to process 2 million transactions per second (TPS) per Zone and charge near-zero fees by targeting four primary bottlenecks. “By leveraging Zero-Knowledge (ZK) proofs to decouple execution from verification, Zero transitions the network from redundant replication to a heterogeneous architecture,” LayerZero Labs explained on X. “This structural shift allows for two distinct validator classes: lightweight Block Validators capable of running on low-grade consumer hardware and optional higher performance Block Producers,” it continued. Bryan Pellegrino, CEO of LayerZero Labs, affirmed that Zero’s architecture advances the industry’s roadmap by at least a decade. “We believe we can actually bring the entire global economy onchain with this technology. Our mission is to build permissionless infrastructure for a better world – this is the beginning of that world,” he added. Zero Receives Major Institutional Backing The rollout was backed by key institutional players, including Citadel Securities, The Depository Trust & Clearing Corporation (DTCC), ARK Invest, Google Cloud, and Intercontinental Exchange (ICE). Notably, Citadel Securities is collaborating to evaluate how its technology could apply to trading, clearing, and settlement workflows. Additionally, it made a strategic investment in ZRO. ARK Invest is becoming a shareholder of LayerZero equity and ZRO. Meanwhile, Cathie Wood, the company’s CEO and CIO, joined LayerZero’s new advisory board alongside Michael Blaugrund, VP of Strategic Initiatives at ICE, and Caroline Butler, former head of digital assets at BNY Mellon. “This is a historic opportunity at the intersection of finance and the internet. I am thrilled to join LayerZero’s advisory board and help accelerate the adoption of Zero by the largest markets and companies in the world,” Wood said in a statement. DTCC will investigate the Zero blockchain architecture to enhance the scalability of the DTC Tokenization Service and collateral management, while ICE will examine it for 24/7 trading and tokenized collateral. Moreover, Google Cloud partnered to explore how to enable AI agents to make micropayments and trade resources instantly. Tether also announced a separate strategic investment in LayerZero Labs on Tuesday. ZRO Price Skyrockets Following the news, ZRO soared more than 40% in the last 24 hours, hitting a four-month high of $2.59 on Wednesday morning. The cryptocurrency had been trading between the $1.50 and $2.00 area over the past few weeks, reaching a local low of $1.35 during last week’s crash. Now, the recent momentum has pushed LayerZero back above the $2.00 area and toward a major resistance area. The cryptocurrency has been unable to reclaim the $2.60 mark since June, being rejected from this area after each retest. Related Reading: Bitcoin Could See New Drop To $60,000 Despite Bounce – Here’s The Level To Defend If ZRO reclaims $2.60, it could target the next major resistance, located at around $3.00. Analyst Crypto Tony affirmed that if the cryptocurrency clears this level, “we are good for $3.30. Wave 3 is beginning.” As of this writing, ZRO is trading at $2.45, a 36.5% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Hines' projections are based on the increasing demand for Tether’s flagship USDT token and its recently launched USAT stablecoin.
LayerZero’s Omnichain infrastructure (OFT) enables liquid stablecoin use across networks and “agentic finance” use cases.
LayerZero's interoperability protocol has been used to create the omnichain version of Tether's stablecoin USDT.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Wall Street investment bank estimates the crypto firm holds at least 148 tonnes of physical gold holdings, joining top 30 global holders of bullion.
Tether has expanded its workforce to about 300 employees and plans to add another 150 over the next 18 months, the Financial Times reported.
The crypto market has entered a fragile phase as Bitcoin dropped under the critical $70,000 level and bounced off $60,000, a zone that has increasingly acted as a gravitational pull rather than a launchpad. This subdued price action came as the stablecoin market has surged, with Tether and Circle minting billions of dollars’ worth of […]
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Tether has increased its exposure to gold, including its direct holdings of about 140 tons of the precious metal.
The companies plan to expand global access to tokenized gold and allow the buying of bullion with Tether's stablecoins.