The digital asset investor disclosed a January private placement into Stablecoin Development Corporation (SDEV).
Tether moved 951 Bitcoin worth about $70 million into its reserve wallet, boosting market confidence.
The recovery plan includes the issuance of another Drift token and will see the Solana-based perpetuals exchange adopt USDT.
The USDT stablecoin issuer has now accumulated over $7.1 billion in bitcoin as part of its strategy introduced in 2023 to ...
Drift Protocol secures $147.5M from Tether and partners to recover $295M in user losses after the April 1 exploit via a ...
While Tether has been closely associated with the emerging political action committee, the opening funding came from Cantor ...
Tether transferred roughly $70.5 million in Bitcoin into reserves while simultaneously expanding its ecosystem with a new ...
Tether, the crypto company best known for its fiat- and gold-pegged stablecoins, announced the launch of a self-custodial ...
Tether provides $147.5M to rescue Drift Protocol after a $280M hack. The Solana DEX will replace USDC with USDT as hackers ...
Tether moved 951 BTC worth about $70 million to reserves, extending its long term Bitcoin accumulation strategy backing USDT.