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Tether, the world's largest stablecoin issuer, has reported unprecedented quarterly profits of $2.5bn. The figure marks a significant milestone for the company. Its consolidated earnings for the year have reached $7.7bn. The company's total assets climbed to $134.4bn in the third quarter, according

Tether CEO Paolo Ardoino has provided a comprehensive overview of the company's reserves, disclosing holdings of $5.58 billion in Bitcoin, $3.87 billion in gold, and approximately $100 billion in U.S. Treasury bonds. The disclosure comes amid renewed scrutiny of the world's largest stablecoin issuer

A dispute has emerged between the Wall Street Journal and Tether, the world's largest stablecoin issuer, over claims of a federal investigation. The controversy triggered immediate market reaction, with Bitcoin dropping from $68,600 to $66,589. According to the Wall Street Journal's Friday report, p

In a significant move validating stablecoins' potential on public blockchains, Stripe's acquisition of Bridge underscores the growing acceptance of these digital currencies. Bernstein reports that stablecoins are now the most cost-effective option for cross-border transactions. Stripe's $1.1 billion

Tether's United States dollar-backed stablecoin has broken new ground, crossing the $120 billion market capitalization mark for the first time. This milestone could herald a significant rally in the cryptocurrency market. On October 20, Tether's USDT, recognized as the world's largest stablecoin, ac