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According to a report by the Financial Times, USDT and XAUt issuer Tether is in talks to enter the gold industry. According to the report, the company aims to initiate gold mining, refining, trading, and even royalties. The move aligns with Tether’s aim of expanding its gold initiatives. The company holds about $8.7 billion worth of gold in a Zurich vault. Tether also bought a $105 million stake in Elemental Altus. Elemental Altus is a Toronto stock exchange-listed gold royalty company. Tether Going Big On Gold? Source: Binance Tether CEO Paolo Ardoino is an active supporter of the yellow metal. He has reiterated his confidence in gold’s underlying fundamentals, portraying it as a safer and more reliable store of value than sovereign currencies. At the Bitcoin 2025 Conference, Ardoino called gold “natural Bitcoin,” and called Bitcoin “digital gold.” Tether already has a stablecoin pegged to the shiny commodity, XAUt. XAUt was launched in January 2020, more ...

Tether (USDT) has hit a new record. Its market value now stands at $135 billion. This push has helped the total stablecoin market reach $202 billion. These numbers show how more people are using stablecoins to trade crypto. The Tether USDT market cap helps traders manage their risk during times of high cryptocurrency market volatility. Also Read: XRP Price Analysis : Evaluating Peter Brandt’s $24 Price Prediction How Tether’s (USDT) Market Cap Growth Reflects Stablecoin and Crypto Trends Source: Forkast.news USDT market capitalization has grown for 15 months straight. It now controls 70% of all stablecoins. This steady stablecoin market growth shows that big institutions trust digital assets more. They use stablecoins when cryptocurrency market volatility is high. Market Leadership and Competitive Dynamics Tether’s USDT leads the market by a wide margin. Here’s what makes it stand out: Strong USDT price performance at $1 More uses in DeFi apps Big companies buying in ...

Bitcoin miners have evolved from the beginning when anyone could mine with their CPU at home to a model mostly dominated by sophisticated conglomerates, many of whom employ media relations personnel and use lawsuits, lobbyists, and other corporate tactics to increase their profits. NASDAQ-listed miner Riot Blockchain recently joined a case against the US Department of Energy, in an attempt to prevent the release of survey data about Bitcoin miners’ energy usage. That data would have helped the Department of Energy to recommend better electricity usage policies, however, miners wanted to hide their energy usage from public view, so they filed a legal complaint in a Waco, Texas courthouse. Keeping Bitcoin electricity usage private The lawsuit filed by the Texas Blockchain Council (which has Bitcoin miners as members), claimed that the survey would cause irreparable harm to their business. Furthermore, Council members alleged the Department of Energy violated the Paperwork Reduction ...

Tether claims that it has voluntarily frozen 161 sanctioned USDT addresses as part of a new policy introduced to help it work with regulators and law enforcement agencies. Specifically, it’s complying with the sanctions list of Specially Designated Nationals (SDNs) drawn up by the Office of Foreign Assets Control (OFAC). It’s also going along with a number of other law enforcement seizure requests. However, skeptics doubt that its new policy is voluntary given that a few weeks prior to the action, US Secret Service and FBI agents began surveilling the firm. Regardless of whether the decision to comply with sanctions was voluntary or by decree, it might be a step in a positive direction. Of Tether’s 161 freezes, only 11 wallets held a non-negligible quantity of USDT . It claimed that freezing the 150 OFAC-sanctioned wallets with negligible balances served as “additional precautionary measures.” Tether gives FBI peek behind the curtain Read more: Tether timeline: Th...

Initially filed in 2019 by LeboBTC co-founder Jason Leibowitz, the lawsuit alleges financial misconduct against Bitfinex and Tether. Consequently, the plaintiff class is seeking over $1.4 trillion in damages. The accusations range from bank fraud to money laundering. Tether, however, has firmly denied any wrongdoing. advertisement Tensions Rise Over the Scope of Ardoino’s Testimony Besides financial misconduct , the lawsuit is probing into the sufficiency of Tether’s reserves. Previously, both parties clashed over what topics Ardoino’s deposition could cover. These include alleged gaps in trading records, the companies’ loan-making policies, and the wallets that held Tether’s reserves. Hence, the judge’s latest order specifies that Arduino must speak on undisputed topics only. Significantly, Tether dominates the stablecoin market with a 64% share. Its current market capitalization sits at a whopping $83.6 billion. However, re...