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Key Insights: Tether’s CEO, Paolo Ardoino, has provided additional context regarding a recent $2 billion USDT minting on the Ethereum blockchain. The transaction, flagged by on-chain tracker Whale Alert, initially raised questions within the crypto community. Ardoino clarified that the issuance was part of a planned chain swap operation rather than an increase in the
Curtis DyeUpdated 3 min read
Key insights: Ripple CEO Brad Garlinghouse expressed optimism regarding the future of stablecoins in Japan, particularly for a Yen-backed stablecoin. In a recent interview with Bloomberg’s The China Show on September 7, Garlinghouse indicated that Japan’s favorable regulatory environment has fostered a promising market for stablecoin development. However, Ripple plans to focus on the launch
Curtis Dye3 min read
A new SEC filing on June 4 shows that Tether, the company behind USDT, owns 25% of Bitcoin miner Bitdeer’s shares. A recent filing by the United States Securities and Exchange Commission (SEC) shows that Tether, a stablecoin issuer, currently manages 25% of shares for Bitdeer, a Bitcoin miner. Tether Increases Stake in Bitcoin Mining
Stephen CausbyUpdated 2 min read
