
June 17th, 2025
Tether Chief Technology Officer, Paolo Ardoino has come out once again to address the attempt by some hedge funds to harm Tether through short selling.
As concerns mount over the recent broader state of the crypto market, more hedge funds are also losing faith in Tether and directly shorting it.
Tether appears set to roll out a new stablecoin, this time pegged to the British pound. The new stablecoin will be Tether’s fifth.
In addition to burning its tokens, Tether also announced an audit with 12 leading companies to ensure the transparency of its USDT reserves.
Bitfinex and Tether said that as they continue to grow and make profits along the way, they could continue more hiring more talent.
Euro Coin would be in the custody of the leading financial institutions within the regulatory perimeter in the US.
According to the report, the most redemption among all centralized stablecoins was experienced by Tether.
The Tron DAO Reserve will work towards offering strong support to USDD.
The addition of a native Polygon USDC will allow traders to instantly convert their fiat deposits to USDC. It will also allow businesses and developers to use Circle’s payments and treasury platform to accept instant payments in Polygon USDC.
Investors in Australia have already lost $81.5 million in crypto scams and $148 million overall, including several other investment scams.
Tron accelerates its plan to collateralize its native USDD stablecoin. Tron will use three separate crypto – Bitcoin, USDT, and TRX – as a way to diversify their reserves.
Following the partnership with Binance, anyone can now use Binance Coin (BNB), Bitcoin (BTC), or Ethereum (ETH) to book rooms in The Manor Hotel by JA.
Tether sees a big opportunity in the Mexico market and said that its Peso-backed stablecoin will facilitate faster and low-cost transfers.
This news comes while the crypto industry is in a bear market. The Paris-based fashion house, however, has made it clear that its crypto plans are long-term.
Several crypto companies advertising their wares took the stage at this year’s World Economic Forum in Davos despite the recent market crash.