Tether CEO Reveals Plans for New US-Compliant Stablecoin Amid Regulatory Pressure
Tether CEO Paolo Ardoino announced potential plans to launch a new U.S.-compliant stablecoin if regulations force USDT out of the American market. The $144 billion stablecoin issuer emphasizes commitment to compliance while facing increased scrutiny and proposed legislation requiring strict reserve requirements.
Gotbit CEO to Forfeit $23M in Landmark Crypto Market Manipulation Settlement
Aleksei Andriunin, founder of crypto market maker Gotbit, agrees to forfeit $23M in assets and serve prison time for orchestrating a massive wash trading scheme. The Russian national faces a 24-month sentence and will be barred from cryptocurrency activities during supervised release.
Kraken Removes Major Stablecoins from EU Platform to Comply with MiCA Regulations
Cryptocurrency exchange Kraken announces removal of five stablecoins, including USDT, from its European platform by March 2024 to comply with EU's MiCA regulations. The move reflects broader industry adjustments as major exchanges adapt operations to meet new regulatory requirements.
Bitcoin Eyes $117K as Record Stablecoin Liquidity Fuels Market Rally
Bitcoin's trajectory toward $117,000 gains momentum as stablecoin market cap hits an unprecedented $204 billion, signaling robust market demand. Record institutional interest, favorable Fed policies, and growing ETF adoption further strengthen Bitcoin's upward momentum in 2025.
Coinbase CEO Signals Potential USDT Delisting Amid Looming US Stablecoin Regulations
Brian Armstrong indicates Coinbase may remove Tether's USDT if new US legislation requires stricter reserve and audit standards. The move could significantly impact the stablecoin market, where USDT remains dominant despite regulatory challenges in multiple jurisdictions.
Tether Shifts Global Headquarters to Bitcoin-Friendly El Salvador
Tether, the leading stablecoin issuer, announces relocation of its global headquarters to El Salvador after receiving a digital asset license. The strategic move highlights El Salvador's growing prominence as a crypto hub under President Bukele's leadership.
Tether's $5 Billion Profit and Political Boost Signal Strong 2025 Outlook
Cryptocurrency giant Tether enters 2025 with record $5 billion profits and potential support from Commerce Secretary nominee Howard Lutnick. Despite regulatory scrutiny, the company expands beyond stablecoins into trade financing while managing $137 billion in USDT tokens.