News list for " tethers"
Stablecoin issuer Tether has announced plans to fully acquire Italian football club Juventus FC. The company has submitted an all-cash binding offer for 65.4% of its shares to controlling shareholder Exor, and is preparing to launch a public offer for the remaining shares after the transaction is completed, with the goal of increasing the holding to 100% control. Tether said that if the deal is successful, it will inject 1 billion dollars into the club. CEO Paolo Ardoino stressed that as a lifel...
According to a report by investment bank Jefferies, stablecoin giant Tether has quietly emerged as one of the most influential new buyers in the gold market. The report estimates that Tether currently holds at least 116 tonnes of gold, with 12 tonnes backing its XAUt token (worth around $1.57 billion) and around 104 tonnes backing USDT (worth around $13.67 billion), making it the world's largest holder of non-sovereign gold, comparable in size to smaller central banks. In the third quarter alone...
Tether CEO Paolo Ardoino said in an interview that as of now, Tether has provided about $1.50 billion of credit support to commodity traders, including cash and its 1:1 dollar-anchored stablecoin USDt (USDT). Tether currently focuses on the trading of traditional commodities such as agricultural products and oil, and plans to further expand its business exposure in this area. Adoino said: "We will significantly expand this...
USDT publisher Tether has appointed former White House Crypto Council executive director Bo Hines as a strategic advisor on digital assets and U.S. strategy. On August 10, Bo Hines, executive director of the White House Cryptocurrency Council, will step down and return to the private sector.
Tether is now Juventus's second-largest shareholder after Exor NV, the investment company of the Italian billionaire Agnelli family that has run the football club for more than a century. Tether is also seeking a seat on Juventus' board, according to a statement from Tether.
Paolo Ardoino, CEO of stablecoin issuer Tether, said in a social media post that Tether's holdings of U.S. Treasury bonds have surpassed those of Germany and will soon surpass those of South Korea.
On April 24th, according to the official announcement, Tether Investments announced that the company increased its stake in Juventus Football Club S.p.A. on April 15, 2025, bringing its total shareholding ratio to more than 10.12% of the issued share capital and 6.18% of the voting rights. This strategic move follows Tether's initial acquisition of 8.2% of the club's issued share capital (with just over 5% of the voting rights). As a further demonstration of its long-term commitment, Tether is a...
Stablecoin issuer Tether invested $2 million in Arcanum Capital's Arcanum Emerging Technologies Fund II, a tokenized investment vehicle specializing in decentralized Web3 projects. James McDowall, managing partner of Arcanum Capital, said the fund invests in blockchain technology to enhance remittances, cross-border transfers, privacy and provide banking services to the unbanked. Paolo Ardoino, CEO of Tether, said that anti-censorship and promoting open communication are the main priorities for ...
Consumers' Protection, a California-based nonprofit, has launched a multimillion-dollar advertising campaign questioning the business conduct of the Tether stablecoin. The campaign, promoted through TV ads and billboards, questions whether Tether will become the next FTX and points to the risk that its reserves are unaudited. Consumers' Protection will set up digital billboards in New York's Times Square and use mobile billboards in New York and Washington DC. Executive director Will Hild said c...
