
July 17th, 2025
While the exact start date of Tether’s partnership with the bank remains undisclosed, the crypto-focused company has historically been discreet about its banking relationships.
Along with Bitcoin Omni Layer, Tether has also decided to discontinue the stablecoin versions of Bitcoin Cash and Kusama.
Coinbase noted that Tether’s USDT doesn’t meet their listing standards for Canada and thus they decided to suspend the stablecoin.
Crypto market analyst Adam Cochran also suggests that crypto exchange Binance might be selling a large amount of Tether strategically to counter Huobi.
Tether also announced a share buyback of about $115 million with its risk management strategy showing consolidated assets exceed liabilities.
The algorithmic GHO stablecoin is pegged against the United States dollar and is backed by several digital assets.
While certain jurisdictions impose restrictions, Wallet’s initiative aims to provide users with a seamless and convenient way to engage in digital asset transactions.
Stablecoin issuers Circle and Tether have initiated action and blacklisted more than $67 million of stolen funds in USDC and USDT, which is around 50% of the stolen amount from the cross-chain protocol.
Kava layer one blockchain joins other chains – like Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, and Tron – that support USDT.
The Qubes OS team has welcomed the grant from Tether and Bitfinex as it will help steer forward the development of the open-source software project.
Prominent crypto personalities and businesses have extended help to ZachXBT as he faces the defamation lawsuit from musician and tech entrepreneur Jeffrey Huang.
USDT has become the most traded stablecoin, especially after the de-pegging of Circle’s USD Coin (USDC) earlier this year.
The SEC noted that Wahi and Nikhil purchased at least 25 crypto assets from Coinbase before listings, out of which nine were securities.
Tether USDT recently announced that it will regularly allocate up to 15 percent of its net realized operating profits towards purchasing Bitcoin as a reserve currency.
Strike will be hoping to leverage Tether’s stability as a reliable store of value to appeal to more clients globally.