The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Tether CEO Paolo Ardoino has disclosed that the company is being prevented from participating in Juventus Football Club’s latest capital increase. In a June 2 post on X, Ardoino addressed mounting inquiries from Juventus supporters who had hoped Tether would provide new capital to help the club sign players and regain its competitive edge. According […]
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Analysts attributed the growth momentum to regulatory clarity on stablecoins and increased adoption of DeFi.
The uptick in institutional stablecoin interest follows shifting regulatory regimes and increased lobbying efforts, especially in the U.S.
Analytics specialist Artemis, assisted by VC firms Dragonfly and Castle Island Ventures, looked at data from 31 stablecoin payment companies.
Tether, which once dominanted the European stablecoin market, has been forced to reduce its presence due to MiCA compliance issues.
Tether, the issuer of the USDT stablecoin, has quietly funneled roughly $5 billion of its earnings into a mix of US businesses and government debt over the past two years. It’s putting money where its mouth is. According to CEO Paolo Ardoino, these moves are meant to show how tied the company is to the American economy, even as it dominates markets abroad. Related Reading: Investors Pour $2.75 Billion Into Bitcoin ETFs As Price Skyrockets Big Bets In Tech According to Ardoino, Tether invested $775 million in Rumble earlier this year, scooping up more than 103 million shares of Class A stock. The firm also put $200 million into BlackRock Neurotech in 2024 through Tether Evo, its venture arm. That move made Tether the majority owner of the brain‐interface startup. These aren’t small stakes. They’re big plays on what could be the next wave of tech growth in the US. In the last 2 years Tether Group reinvested almost 5 billion USD of its profits within the United States economy and into US based companies. Some examples: Rumble, Blackrock Neurotech, XXI and different Bitcoin mining ventures. (That’s on top of having more than 120 billion in… — Paolo Ardoino ???? (@paoloardoino) May 26, 2025 Tether Gets Into Bitcoin Mining Based on reports, Tether has also built positions in several US‐based Bitcoin mining firms. It recently boosted its holding in Bitdeer to 21%, making it one of the top shareholders. On top of that, the company is routing hash power to the OCEAN pool, tying its crypto reserves even more directly to American mining operations. It’s a mix of finance and hardware. Treasury Holdings And US Debt According to filings, Tether holds more than $120 billion in US Treasury bills. That makes it the 19th‐largest holder of US debt, ahead of countries like Germany ($111 billion) and the United Arab Emirates ($104 billion). These Treasury bills back most of the USDT in circulation. In a way, Tether has become a major player in the bond market, with a clear interest in keeping US fiscal matters steady. Plans For A New Stablecoin Based on statements from Ardoino, Tether plans to launch a new dollar‐backed coin for the US market once federal rules are in place. While USDT will stay active in developing nations, a fresh token could meet upcoming US stablecoin laws. Related Reading: XRP ETF At 83% Approval Odds—Is The SEC Losing Grip? With $153 billion in USDT out there—about 60% of the total stablecoin supply—Tether still leads globally. But in the US and Europe, USDT has seen some exchange delistings over MiCA compliance worries. A homegrown coin may smooth those relations. Regulatory Headwinds Tether’s strategy isn’t without challenges. It faces calls for more transparency on its reserves and criticism over the use of USDT by bad actors. The company insists it works closely with law enforcement when criminal funds surface. Featured image from Unsplash, chart from TradingView
Cobie's Echo has launched Sonar, a new ICO platform, with Plasma as its first project, which is offering 10% of its XPL token supply.
Tether, the issuer of the world’s largest stablecoin USDT, has disclosed that it has reinvested around $5 billion of its profits into US-based companies and infrastructure over the past two years. In a May 26 post on X, Tether CEO Paolo Ardoino disclosed that the company has made significant investments across American businesses and emerging […]
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A crypto trader lost over $2.5 million worth of Tether (USDT) after falling for the same scam twice within hours. On May 26, blockchain security firm Scam Sniffer reported that the first error occurred when the trader copied a manipulated wallet address from their transaction history. This resulted in a transfer of $843,000 to the […]
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Some of the largest banks in the United States, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, are reportedly working on a joint stablecoin initiative, the Wall Street Journal reported May 23. Sam Kazemian, founder of Frax Finance, confirmed the development, signaling that the conversations between major banks might have advanced beyond speculation. […]
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Is Tether MiCA compliant? The EU’s new Markets in Crypto-Assets regulation, better known as MiCA, is the first major attempt by a global economic power to create clear, region-wide rules for the crypto space, and stablecoins are a big focus.MiCA mandates best practices. If a stablecoin is going to be traded in the EU, its issuer has to follow some stringent rules:1. You need a licenseTo issue a stablecoin in Europe, you must become a fully authorized electronic money institution (EMI). That’s the same kind of license traditional fintechs need to offer e-wallets or prepaid cards. It’s not cheap and it’s not quick. 2. Most of your reserves have to sit in European banksThis is one of the most controversial parts of MiCA. If you issue a “significant” stablecoin — and Tether’s USDT certainly qualifies — at least 60% of your reserves must be held in EU-based banks. The logic is to keep the financial system safe. 3. Full transparency is non-negotiableMiCA requires detailed, regular disclosures. Issuers have to publish a white paper and provide updates on their reserves, audits and operational changes. This level of reporting is new territory for some stablecoins, especially those that have historically avoided public scrutiny.4. Non-compliant coins are getting delistedIf a token doesn’t comply, it won’t be tradable on regulated EU platforms. Binance, for example, has delisted USDT trading pairs for users in the European Economic Area (EEA). Other exchanges are following suit.The European Securities and Markets Authority (ESMA) clarified that people in Europe can still hold or transfer USDT, but it can’t be offered to the public or listed on official venues. In other words, you might still have USDT in your wallet, but good luck trying to swap it on a regulated platform. Key reasons why Tether rejects MiCA regulations Tether is unique in that it has explained why it wants nothing to do with MiCA regulations. The company’s leadership, especially CEO Paolo Ardoino, has been pretty vocal about what they see as serious flaws in the regulation, from financial risks to privacy concerns to the bigger picture of who stablecoins are really for.1. The banking rule could backfireOne of MiCA’s most talked-about rules says that “significant” stablecoins — like Tether’s USDt (USDT) — must keep at least 60% of their reserves in European banks. The idea is to make stablecoins safer and more transparent. But Ardoino sees it differently.He’s warned that this could create new problems, forcing stablecoin issuers to rely so heavily on traditional banks could make the whole system more fragile. After all, if there’s a wave of redemptions and those banks don’t have enough liquidity to keep up, we’d witness a struggling bank and a stablecoin crisis simultaneously.Instead, Tether prefers to keep most of its reserves in US Treasurys, assets it says are liquid, low-risk and much easier to redeem quickly if needed.2. They don’t trust the digital euroTether also has a broader issue with the direction Europe is heading, especially regarding a digital euro. Ardoino has openly criticized it, raising alarms about privacy. He has argued that a centrally controlled digital currency could be used to track how people spend their money, and even control or restrict transactions if someone falls out of favor with the system.Privacy advocates have echoed similar concerns. While the European Central Bank insists that privacy is a top priority (with features like offline payments), Tether isn’t convinced. In their eyes, putting that much financial power in the hands of one institution is asking for trouble.3. Tether’s users aren’t in Brussels. They’re in Brazil, Turkey and NigeriaAt the heart of it, Tether sees itself as a lifeline for people in countries dealing with inflation, unstable banking systems and limited access to dollars. These are places like Turkey, Argentina and Nigeria, where USDT is often more useful than the local currency.MiCA, with all its licensing hoops and reserve mandates, would require Tether to shift focus and invest heavily in meeting EU-specific standards. That’s something the company says it’s not willing to do, not at the expense of the markets it sees as most in need of financial tools like USDT.Did you know? Turkey ranks among the top countries for cryptocurrency adoption, with 16% of its population engaged in crypto activities. This high adoption rate is largely driven by the devaluation of the Turkish lira and economic instability, prompting citizens to seek alternatives like stablecoins to preserve their purchasing power. What happens when Tether doesn’t comply with MiCA Tether’s decision to skip MiCA didn’t exactly fly under the radar. It’s already having real consequences, especially for exchanges and users in Europe.Exchanges are dropping USDTBig names like Binance and Kraken didn’t wait around. To stay on the right side of EU regulators, they’ve already delisted USDT trading pairs for users in the European Economic Area. Binance had removed them by the end of March 2025. Kraken followed close behind, removing not just USDT but also other non-compliant stablecoins like EURT and PayPal’s PYUSD.Users are left with fewer optionsIf you’re in Europe and holding USDT, you’re not totally out of luck; you can still withdraw or swap it on certain platforms. But you won’t be trading it on major exchanges anymore. That’s already pushing users toward alternatives like USDC and EURC, which are fully MiCA-compliant and widely supported.Even major crypto payment processors are pulling support, leaving users with fewer options for spending their crypto directly.A hit to liquidity? Probably.Pulling USDT from European exchanges could make the markets a bit shakier. Less liquidity, wider spreads and more volatility during big price moves are all on the table. Some traders will adjust quickly. Others? Not so much.Did you know? Tether (USDT) is the most traded cryptocurrency globally, surpassing even Bitcoin in daily volume. In 2024, it facilitated over $20.6 trillion in transactions and boasts a user base exceeding 400 million worldwide. Tether vs MiCA regulation Tether may be out of sync with the EU, but it’s far from retreating. If anything, the company is doubling down elsewhere, looking for friendlier ground and broader horizons.Firstly, Tether’s picked El Salvador as its new base, a country that has fully embraced crypto. After getting a digital asset service provider license, the company is setting up a real headquarters there. Ardoino and other top execs are making the move too.Moreover, after banking over $5 billion in profits in early 2024, Tether is putting its capital to work:AI: Through its venture arm, Tether Evo, the company has picked up stakes in firms like Northern Data Group and Blackrock Neurotech. Tether has also launched Tether AI, an open-source, decentralized AI platform designed to operate on any device without centralized servers or API keys. The goal is to use AI to boost operations and maybe build some new tools along the way.Infrastructure and AgTech: Tether invested in Adecoagro, a company focused on sustainable farming and renewable energy. It’s a surprising move, but it fits Tether’s bigger strategy of backing real-world, resilient systems.Media and beyond: There are also signs Tether wants a footprint in content and communications, signaling it’s thinking far beyond crypto alone. Tether’s MiCA exit highlights crypto’s global regulatory chaos Tether walking away from MiCA is a snapshot of a much bigger issue in crypto: How hard it is to build a business in a world where every jurisdiction plays by its own rulebook.The classic game of regulatory arbitrageThis isn’t Tether’s first rodeo when it comes to navigating regulations. Like many crypto companies, they’ve mastered the art of regulatory arbitrage, finding the friendliest jurisdiction and setting up shop there. Europe brings in strict rules? Fine, Tether sets up in El Salvador, where crypto is welcomed with open arms.However, it does raise questions. If big players can simply move jurisdictions to dodge regulations, how effective are those rules in the first place? And does that leave retail users protected or just further confused?A crypto world that’s all over the mapThe bigger issue is that the global regulatory landscape is incredibly fragmented. Europe wants full compliance, transparency and reserve mandates. The US is still sending mixed signals. Asia is split; Hong Kong is pro-crypto, while China stays cold. Hong Kong has also passed the Stablecoin Bill to license fiat-backed issuers and boost its Web3 ambitions. Meanwhile, Latin America is embracing crypto as a tool for financial access.For companies, it’s a mess. You can’t build for one global market; you must constantly adapt, restructure or pull out entirely. For users, it creates massive gaps in access. A coin available in one country might be inaccessible in another just because of local policy.As a final thought: Tether’s resistance to MiCA seems to be more than just a protest against red tape. It’s making a bet that crypto’s future will be shaped outside Brussels, not inside it.
JPMorgan analysts say expectations that the stablecoin market could triple or quadruple in the near future are "far too optimistic."
Sacks did not directly respond to concerns that the legislation could benefit President Trump but emphasized the bill's bipartisan support.
Aside from the approval of spot bitcoin ETFs, it marks the most significant regulatory milestone in crypto's history, Matt Hougan argued.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
What is Tether AI? Tether AI is an open-source, decentralized artificial intelligence (AI) platform launched by Tether, the company behind the Tether USDt (USDT) stablecoin. Unlike traditional AI services that depend on centralized servers and require application programming interface (API) keys, Tether AI runs on a distributed peer-to-peer (P2P) network, offering enhanced privacy, autonomy and resilience. Designed to be modular and composable, Tether AI can operate on any hardware, whether mobile, desktop or edge devices, without centralized control or a single point of failure. A core innovation of Tether AI is its integration with cryptocurrency infrastructure. It natively supports Bitcoin (BTC) and USDt payments using Tether’s Wallet Development Kit (WDK), enabling seamless onchain transactions. This makes Tether AI one of the first AI platforms to offer direct crypto payment functionality at the protocol level.According to Paolo Ardoino, CEO of Tether AI, it is a “fully open-source AI runtime, capable of adapting and evolving on any hardware and device, no API keys, no central point of failure, fully modular and composable, WDK-infused to enable USDT and Bitcoin payments.”Ardoino said Tether AI's primary objective is to create the “ideal technological foundation” for realizing the AI vision of Isaac Asimov, the celebrated science fiction author behind I, Robot and The Robot Series. In a separate post on X (written in Italian), Ardoino further asserted, “AI will, in the coming decades, become part of the very fabric of the universe.” How Tether AI personalizes infinite intelligence Tether AI is built around the AI runtime structure of “personal infinite intelligence,” which envisions customizable AI agents tailored to individual user needs and device capabilities. Developers can leverage Tether’s open-source WDK, launched in November 2024, to create mobile, desktop and web wallets with complete self-custodial control.The platform enables native payments in USDt and Bitcoin to be processed directly over a peer-to-peer network, eliminating reliance on centralized payment processors. It emphasizes user ownership, ensuring individuals control their assets without intermediaries. This decentralization-first model supports Tether’s mission of making AI accessible and censorship-resistant. Ardoino has been critical of the AI industry’s dependence on centralized APIs and cloud platforms; Tether AI aligns with this mission.The project will facilitate integrating native USDt and Bitcoin payments into autonomous systems and software agents. The objective is to create a decentralized, censorship-resistant foundation for AI tools.Did you know? Tether AI CEO Paolo Ardoino favors locally executable AI models that can run directly on the user’s device, be it a smartphone or laptop, eliminating the need for third-party servers. This ensures that data stays local and allows for offline use. How Tether AI brings decentralized intelligence to Keet and Pear Tether AI is expected to integrate with Tether’s existing peer-to-peer ecosystem, including Keet, a decentralized messaging app, and Pear, a framework for building P2P applications. Initially unveiled in December 2024, the platform is slated for launch in 2025, marking Tether’s strategic entry into decentralized AI with embedded crypto functionality.This initiative is part of a broader corporate shift announced in April 2024, which had Tether restructuring its operations to create dedicated units for AI and peer-to-peer technologies, such as Tether Data. Tether is actively developing Tether AI and a suite of AI-powered applications. These include a real-time AI translation tool for international communication, a voice assistant for hands-free platform and application control, and a Bitcoin wallet assistant to streamline transaction management. Tether, under Ardoino, views AI as a cornerstone of technological advancement.Tether’s AI expansion follows the company reporting $1 billion in operating profit for Q1 2025, mainly from US Treasury returns. With $149.3 billion in total assets and $5.6 billion in excess reserves, Tether remains dominant in the stablecoin sector. Its move into AI underscores a commitment to innovation, positioning the firm at the forefront of crypto and next-generation intelligent technologiesDid you know? Decentralized intelligence allows AI models to run across a network of devices instead of a single centralized server. This approach reduces the risk of data breaches, avoids single points of failure and gives users greater control over their data. Key features of Tether’s WDK Tether’s WDK, launched in November 2024, is an open-source framework designed to simplify the creation of self-custodial wallets across mobile, desktop and web platforms. The WDK empowers developers to build crypto wallets that support secure, peer-to-peer transactions without relying on centralized infrastructure.Key features of the WDK include:Modularity: WDK has modules that enable developers to customize wallet functionalities based on specific use cases, including payments, storage or integration with decentralized applications (DApps). Pre-built components: WDK includes pre-built components for encryption, transaction management, key recovery and cross-platform compatibility, making it highly adaptable for beginners and advanced developers.User sovereignty: All wallets built using WDK enable full self-custody, meaning users retain exclusive control over their private keys and funds. Integration with other P2P technologies: WDK supports seamless integration with Tether's other peer-to-peer technologies, including Keet and Pear.In the context of Tether AI, WDK will play a critical role in embedding native crypto payments into decentralized AI applications, allowing automated agents and users to transact onchain with minimal friction. By bridging wallet development with AI and Web3 infrastructure, WDK advances Tether’s vision of a decentralized digital economy.Did you know? In collaborative AI development, models are trained and improved by a global community without central ownership. This open-source approach can lead to fairer, more inclusive AI systems that are free from the biases or profit motives of centralized tech giants. Implications of merging AI with blockchain are just beginning Tether AI signals a transformative shift in how AI can be developed, deployed and monetized in a decentralized ecosystem. Blending AI capabilities with blockchain infrastructure and native crypto payments has enabled Tether to create applications that are not only intelligent but also financially autonomous and resistant to centralized control. Tether AI will facilitate direct execution payments on peer-to-peer networks without any role for intermediaries. For developers, Tether AI opens up new avenues to build adaptive AI systems that run on any device, support real-time crypto payments and prioritize user sovereignty. For users, it means greater control over personal data, enhanced privacy and transparent interaction with AI services.This paradigm challenges the dominance of cloud-based AI monopolies, offering an open-source alternative that can evolve with community input. In the long term, Tether AI could influence sectors such as decentralized finance (DeFi), content moderation, Web3 gaming and autonomous economic agents. It positions AI not as a corporate product, but as a public utility — transparent, modular and composable — while integrated with crypto. By merging AI with the trustless architecture of blockchain, Tether is pioneering a new class of decentralized digital infrastructure.
Tether’s market cap just passed $150.66 billion, setting yet another record and extending its dominance over every rival combined. Data from DeFiLlama showed USDT expanded by roughly $830 million in the past week and more than $5.5 billion since mid‑April. The headline total matters on its own, but the real insight lies in how the tokens are distributed: […]
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The bitcoin treasury company made the purchase via Tether at an average price of $95,320 per BTC.
The company has issued over $73 billion worth of USDT tokens on Tron, the first time it surpassed the amount circulated on Ethereum.
Rumble, the video-sharing platform known for backing alternative media voices, is developing a crypto wallet that could launch by the third quarter of this year. On May 9, Rumble CEO Chris Pavlovski said the wallet will serve as a non-custodial tool tailored for creators. He emphasized the company’s ambition to become a central player in […]
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The supply of Trump's WLFI stablecoin USD1 grew over to $2.1 billion in a few days as an Abu Dhabi firm confirmed an investment into Binance.
The growth is linked to the launch of USDT0, an omnichannel version of Tether's USDT, and an incentive program by Flare.
Tron (TRX) is retaining its position after a tumultuous weekend in the general crypto space. The token remains close to $0.24, recording a negligible decline of only 0.91% over the last day. Even as there is tame price action, analysts are in close observation looking for indications of a potential breakout, with $0.40 now making an appearance. Related Reading: Bitcoin Set To Gain Over $300 Billion From Companies In Next 5 Years, Analysts Say Price Stuck Between Major Levels TRX has been consolidating between $0.21 and $0.2551. The sideways price action has gone on for several weeks, after plummeting from $0.45 all the way to $0.21 at the end of last year. The token appears to be steadying since the fall. At present, the buyers are exhibiting resilience at the $0.24 mark, which coincides with the 50-day Exponential Moving Average (EMA). Three of the significant EMAs — the 50-day, 100-day, and 200-day — are also in a bullish alignment, which further supports the notion that the token could be positioning for a powerful move upward. The longer TRX remains above these support lines, the greater the odds are that it will break out of this range. Tether minted an additional 1B $USDT on Tron ~4 hours ago! Since April 28 (8 days ago), #Tether has minted 4B $USDT on both #Ethereum and #Tron. Follow @spotonchain for more updates now! https://t.co/SeKwCj1byN pic.twitter.com/xxPA6IosmB — Spot On Chain (@spotonchain) May 6, 2025 Momentum Indicators Suggest Increasing Strength From a technical perspective, the Moving Average Convergence Divergence (MACD) is indicating a possible change. The MACD and signal line are moving close to each other in the positive area. This typically indicates increasing momentum. If purchase volume sets in, analysts predict TRX will breach the $0.2551 ceiling and move towards $0.28, which is where the 23.6% level lies on a trend-based Fibonacci retracement. If things continue to build steam from there, TRX will move as high as the 50% Fibonacci level at $0.39 — just below the much-hyped $0.40 level. 1 Billion USDT Minted On Tron Support for the bullish argument is also emerging from within the Tron ecosystem. Tether has created a further $1 billion USDT on the Tron blockchain. Tether has created 4 billion USDT on Ethereum and Tron combined since April 28. TRX price up in the last week. Source: Coingecko New minting of USDT tends to indicate increased market activity. As these tokens are utilized for trading, swapping, and transferring capital, additional USDT on Tron might translate to greater demand for TRX. It’s not certain, but it is a sign to consider. Related Reading: TRUMP Token Bloodbath: Whales Lose Big In $8.58 Million Sell-Off Chain revenue:????$SOL 41.72%$TRX 24.56$ETH 16.4%$BTC 7.4% pic.twitter.com/kvVcvpkJT8 — Ted (@TedPillows) May 5, 2025 Tron Activity Surpasses Ethereum In Revenue According to statistics reported by analyst Ted Pillows, Tron’s portion of the overall network economic value is nearly 25%. Solana alone is also nearing 42%. Yet in a surprising turn, Tron’s revenue chain is now higher than Ethereum‘s at 16% of total network revenue. According to TronScan, the number of total accounts on the network is also growing. As of now, there are more than 304 million accounts. The total value locked (TVL) across Tron’s platforms has crossed the $20 billion mark. Whether TRX reaches $0.40 anytime soon will have something to do with how it acts around the $0.25 resistance level. At the moment, price action, technical indications, and ecosystem activity all appear to be pointing in the same direction. Featured image from Gemini Imagen, chart from TradingView
Tether is continuing its expansion beyond its stablecoin business with a new push into artificial intelligence. On May 5, Tether CEO Paolo Ardoino announced that the company will soon launch Tether.ai, an open-source AI platform designed for various devices. The announcement comes as the company’s flagship stablecoin, USDT, edges toward a record circulation milestone of $150 […]
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Tether CEO Paolo Ardoino Tether AI tech will enable an unstoppable peer-to-peer network of billions of AI agents
Tether CEO Paolo Ardoino said the technology will support USDT and Bitcoin payments, and enable a peer-to-peer network of AI agents.
Paolo Ardoino criticizes EU rules that could force stablecoin issuers to rely on fragile banks and warned about potential bank failures in the future.
The company's U.S. plans depend on the final stablecoin legislation, and is aiming to create a "payment product" that institutions can use, Paolo Ardoino said in a CNBC interview.
The stablecoin issuer continued its run of delivering strong returns, reporting "over $1 billion in operating profit.