The Pi Protocol will launch later this year on the Ethereum and Solana blockchains Tether co-founder Reeve Collins is stepping back into the stablecoin market with a new decentralized project aimed at offering yield-producing digital assets. His latest venture, Pi Protocol, is set to launch later this year on the Ethereum and Solana blockchains, introducing
The stablecoin has expanded its reach significantly over the past year Tether, the issuer of the USDT stablecoin, has recently minted an additional $1 billion worth of USDT tokens on the Tron blockchain. This latest minting event was identified earlier today when blockchain data revealed that these new tokens were sent to Tether’s treasury wallet
The shuttered crypto exchange accuses Tether of illegally liquidating funds Celsius, the now-defunct cryptocurrency exchange, has launched a lawsuit against Tether, seeking a total of $3.5 billion. The lawsuit, filed during Celsius’ bankruptcy proceedings, revolves around a dispute over Bitcoin (BTC) collateral that Tether allegedly liquidated. The core of the lawsuit is Celsius’ claim that
The stablecoin and crypto exchange continue to face legal action that threatens their stability The legal battle surrounding cryptocurrency manipulation has taken a new turn with the inclusion of Tether and Bitfinex in an amended class action lawsuit. The two companies stand accused of violating antitrust laws and artificially inflating cryptocurrency prices. This recent filing
The company is working on new projects that will help it diversify its offerings Tether, which runs the world’s biggest stablecoin by market value, recently announced restructuring to add new divisions outside developing stablecoin. The stablecoin goliath announced on April 18 that it had established a new framework for its four new business divisions, including Tether Finance, Tether Data,
Tether isn’t happy with the UN’s portrayal of the use of the stablecoin Major stablecoin company Tether has reacted to a United Nations (UN) report spotlighting the alleged involvement of its Tether stablecoin in illegal activity. The Southeast Asia and Pacific divisions of the UN Office for Drugs and Crime (UNODC) published a report on
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