Tether (USDT) — Onchain News & Whale Tracking

Tether issued 3 billion USDT on the Ethereum network last week

On April 24th, LookOnChain’s monitoring data indicates Tether minted 3 billion USDT on the Ethereum network last week. Separately, AbraXas Capital received 2.89 billion USDT from the Tether Treasury over the past seven days.

Tether Mints 10 Billion USDT 7 Hours Ago

April 24th — Tether minted 1 billion USDT on the Ethereum network 7 hours ago, per on-chain data.

Tether Assists U.S. OFAC and Law Enforcement in Freezing Over 344 Million USDT as Part of Illegal Activity Investigation

April 23 — Tether announced it has frozen over $344 million in USDT across two addresses, working with U.S. authorities to halt further transfers after the addresses were linked to illicit activity. The move followed information from multiple U.S. law enforcement agencies about the funds’ ties to illegal operations. Tether noted it restricts assets linked to sanctions evasion, criminal networks or other illicit activity at law enforcement requests. Globally, it has partnered with 340+ agencies in 65+ countries, supporting 2,300+ cases and freezing over $4.4 billion total — $2.1 billion of which involves U.S. law enforcement. The stablecoin issuer emphasized it adheres to U.S. Office of Foreign Assets Control (OFAC) sanctions lists and has a zero-tolerance policy for USDT’s illicit use. Blockchain traceability enables transparent fund movement records, allowing identification and freezing before further transfers, it added. Tether CEO Paolo Ardoino said USDT is not a safe ha

Tether Freezes Approximately 344 Million USDT Held in Two Addresses

On April 23, Whale Alert reported that Tether has just frozen roughly 344 million USDT held across two addresses on the Tron blockchain.

Tether Mints 1 Billion USDT on Ethereum Network

On April 21st, per Onchainlens data, Tether minted 1 billion USDT (1B USDT) on the Ethereum network just 4 minutes ago. Additionally, Tether has minted a total of 2 billion USDT (2B USDT) on Ethereum over the past two days.

Tether Leads $8 Million Strategic Round for Asset Tokenization Company KAIO to Onboard UAE Fund Onto the Blockchain

April 20 – Abu Dhabi-based regulated tokenization infrastructure firm KAIO has closed an $8 million strategic funding round led by Tether, with participation from multiple crypto and institutional investors, pushing total funding to $19 million. New backers include Systemic Ventures, Further Ventures, and Laser Digital; existing shareholders such as Brevan Howard Digital also participated in the round. KAIO aims to tokenize traditional fund products from firms including BlackRock, Brevan Howard, and Hamilton Lane, lowering the entry barrier to just $100 for eligible investors. The firm plans to expand into credit, structured products, and ETFs, and partner with Mubadala Capital—a UAE-based private equity giant with $385 billion in assets under management—to launch on-chain funds. Tether CEO Paolo Ardoino noted that KAIO will tokenize institutional-grade assets to boost accessibility, creating new avenues for capital formation and investment. KAIO’s platform integrates a compli

Drift: Receives $147.5 Million Funding Support from Tether and Others for User Recovery

April 16: Drift Protocol announced it has secured backing from Tether and other partners to support recovery efforts for users affected by its April 1 exploit. Tether is committing $127.5 million, while other partners are contributing $20 million as part of the support package. This includes a $100 million revenue-based lending credit line, ecosystem grants, and loans for liquidity providers. Drift will establish a dedicated user recovery pool to gradually address $295 million in outstanding user losses as transaction fees accrue. It will also distribute separate transferable recovery tokens to affected users, representing claims on the recovery pool. Additionally, Drift is rebooting its protocol, has engaged auditors Ottersec and Asymmetric, and is migrating its settlement layer from USDC to USDT. The April 1 exploit resulted in approximately $295 million in stolen assets, but the insurance fund remains unaffected.

Tether's Bitcoin Reserve Reaches 97,141 BTC, Unrealized Gain Surges to $2.175 Billion

**April 15 –** EmberCN monitoring data shows Tether’s Bitcoin (BTC) reserve address withdrew 951 BTC (valued at $70.47 million) from Bitfinex 15 minutes ago. The withdrawn tokens are reportedly among those Tether purchased in the first quarter of this year. Tether has accumulated BTC in this address since 2023 using 15% of its quarterly profits, and typically moves holdings from Bitfinex a few days after each quarter concludes. The address currently holds 97,141 BTC (worth ~$7.2 billion) — ranking as the fifth-largest Bitcoin wallet globally. Based on the withdrawal price from Bitfinex, the average purchase cost for these BTC is approximately $51,312, resulting in an unrealized gain of roughly $2.175 billion as of now.

Tether Invests $134 million in Crypto Infrastructure Firm SDEV

On April 15, Tether officially announced that Tether Investments has joined a $134 million financing round for publicly traded Stablecoin Development Corporation (NYSE American: SDEV). Other investors in the round include R01 Fund LP, Framework Ventures, and additional digital asset-focused investment firms. SDEV positions itself as an on-chain holding company focused on stablecoin payments, transfers, cross-platform fund flows, and other infrastructure development—with the aim of lowering user barriers to entry.

Tether Launches Self-Custody Digital Wallet tether.wallet

On April 14, Tether announced the launch of tether.wallet—its self-custodial digital wallet—per official sources. This rollout marks the first time Tether’s fund distribution network is open directly to end-users, extending the company’s push to build an open financial system and expand its consumer-facing product capabilities.

Tether CEO Hints at Major Announcement Today

On April 14, Tether CEO Paolo Ardoino took to Twitter to hint at a major announcement scheduled for the same day.

Tether-Linked Super PAC's First $300,000 Expenditure Suspected of Insider Dealing Raises Concerns

On April 12, CoinDesk reported that filings submitted to the Federal Election Commission (FEC) by Fellowship — a U.S. super PAC tied to Tether — show its initial $300,000 in spending went to Nxum Group. The firm was co-founded by Tether’s U.S. CEO, former Trump administration crypto advisor Bo Hines, his father, and a third partner; the funds were used to buy campaign ads for Georgia Republican congressional candidate Clay Fuller. On April 1 this year, Fellowship named Tether’s U.S. Head of Regulatory Affairs Jesse Spiro as its chairman. FEC filings show the committee — which announced last year it had secured $100 million in funding commitments — now has a zero account balance. Tether’s international arm said it has no affiliation with Fellowship; Tether’s U.S. arm declined to comment. Michael Beckel of political reform group Issue One noted that under U.S. campaign finance rules, it is not illegal for a super PAC to pay a founder-linked firm — so long as services are genuine an

Tether CEO: USDT Adoption on Hyperliquid is Rapidly Growing

On April 10, Tether CEO Paolo Ardoino noted in a post: “USDT adoption on Hyperliquid is growing rapidly.” Data indicates that in less than three months, USDT has gone from having almost no presence on Hyperliquid to accounting for 7.8% of total HIP-3 trading volume.

Tether Releases QVAC SDK as AI Universal Building Block

April 9 — Tether’s QVAC team today announced the launch of the QVAC SDK, a fully open-source, cross-platform software development kit built as a universal building block for artificial intelligence. The company frames the near future as the “Stable Intelligence Era,” where 10 billion humans, 10 billion autonomous machines, and 1 trillion AI agents will coexist globally. Tether positions itself as building the foundational layer for the next computing era, describing AI as a new “periodic table element” — a fundamental material to embed into the universe’s fabric — with QVAC as the “atomic unit” of this new landscape. QVAC is a modular, efficient AI platform designed with a local-first approach, capable of running on any device, platform, or operating system: from high-performance industrial servers to microchips in light bulbs. Tether envisions AI as a highly complex “plug-and-play intelligence system” — standardized, stackable, and infinitely scalable. As edge AI constraints

Tether or Funding Delay: $500 Billion Valuation Faces Market Test

April 4th, stablecoin issuer Tether is urging investors to join its new funding round within the next two weeks, targeting a valuation as high as $500 billion—should market demand fall short, the firm could delay the plan. This valuation would catapult Tether into the league of the world’s biggest financial firms, second only to JPMorgan Chase and ahead of Bank of America. Its core product USDT currently has a market cap of ~$184 billion, making it the world’s largest stablecoin. Earlier reports suggested Tether weighed raising $15B–$20B via private funding at a ~$500B valuation, though CEO Paolo Ardoino noted those figures were merely speculative talks. He has repeatedly defended the valuation, however, arguing the firm’s profitability rivals high-growth sectors like AI. Separately, Tether is advancing its audit efforts. It has reportedly tapped KPMG for the first full reserve audit of USDT, while PwC is supporting internal system readiness work—seen as a key step toward grea

The American Crypto Political Action Committee Fellowship PAC appoints Tether Executive as Chairman

On April 1, crypto reporter Eleanor Terrett noted that the pro-cryptocurrency U.S. super PAC Fellowship PAC — established last year — has tapped Jesse Spiro, Tether’s head of regulatory affairs, as its chairman. The first slate of candidate endorsements will be announced in the coming days, aiming to boost support for pro-crypto industry candidates in the midterm elections.

Tether Fires Top Gold Trader Poached from HSBC Bank Months Ago

March 31 — Tether, the stablecoin issuer, has fired several top gold traders who were recruited from HSBC just a few months ago, per Bloomberg.

Tether has selected Moore Cayman to conduct a full audit and has engaged PricewaterhouseCoopers to assist in preparing its internal systems

March 27 — Sources familiar with the matter report that Tether has selected Moore Cayman (KPMG) to conduct a full audit of its $185 billion USDT stablecoin reserves, and has engaged PriceWaterhouseCoopers (PwC) to help prepare its internal systems for the audit. Tether previously stated it had partnered with a Big Four accounting firm but did not disclose the specific firm’s name. (CoinDesk)

Binance Will Postpone the Listing of Tether Gold (XAUt)

March 26 — Binance announced in an official statement that the listing of Tether Gold (XAUt) has been delayed. The token was originally scheduled to debut at 21:30 UTC+8 on March 26, 2026, but will now launch at 22:00 UTC+8 the same day.

Binance Earn, Buy Crypto with One Click, Swap, VIP Loan, Margin Trading, Futures, Tether Gold (XAUT) Launch

March 26 — Tether Gold (XAUT) is now supported across several Binance services, per an official announcement. The affected services include: - Binance Lending - One-Click Crypto Purchase - Instant Exchange - VIP Collateral Loan - Margin Trading - Futures This update expands XAUT’s availability on the platform’s core financial and trading tools.

Binance Will List Tether Gold (XAUt) Spot Trading

On March 26, Binance will list Tether Gold (XAUt) for spot trading and assign it a "Seed" label, per official sources.

Iranian exchange platform Wallex's address frozen by both Circle and Tether, with associated funds of approximately $2.49 million.

On March 25, on-chain sleuth ZachXBT reported that an Iranian cryptocurrency exchange Wallex had one of its wallet addresses frozen simultaneously by both Circle and Tether. Hours before the freeze, Wallex consolidated crypto assets from multiple hot wallets across the Tron and Ethereum networks to the BNB Chain via several cross-chain bridges. Approximately $2.49 million in assets are currently stranded in the frozen address: 0x6926408f55c4f322ebe1a3cc7e4fff380c5543df

Source: Source: Tether to Undergo First Full Financial Audit or for Fundraising Needs

March 25th — Bloomberg reported Wednesday that Tether Holdings SA, the issuer of the stablecoin Tether, has paused a $20 billion financing plan. The firm is awaiting results from its first full financial audit and could restart fundraising once the audit wraps up. During the fundraising process, potential investors and bankers have pushed Tether to boost financial transparency, though some prospective backers remain willing to support the company before the audit results are released. Tether has already hired an accounting firm to conduct the audit.

Tether has engaged one of the "Big Four" accounting firms to complete its first fully comprehensive audit.

On March 24, Tether has retained one of the "Big Four" accounting firms to conduct its first fully backed audit.

Tether Unveils AI New Framework: Mobiles Can Train Billion-Parameter AI Models

On March 17, stablecoin issuer Tether announced that its AI platform QVAC Fabric has launched the world’s first cross-platform LoRA fine-tuning framework for Microsoft’s BitNet (1-bit large language model). This framework enables billion-parameter-scale LLMs to be trained and inferred on everyday hardware—including laptops, consumer-grade GPUs, and smartphones. Officially, the framework drastically cuts the VRAM and computing power requirements for AI model training, supporting Intel, AMD, Apple Silicon, and a range of mobile GPUs (such as Adreno, Mali, and Apple Bionic). In testing: - A roughly 1.25-billion-parameter BitNet model fine-tunes in ~10 minutes on a Samsung S25. - A 10-billion-parameter model takes ~1 hour 18 minutes on the S25, and ~1 hour 45 minutes on an iPhone 16. - The team even successfully fine-tuned a 13-billion-parameter model on an iPhone 16. For performance: - BitNet models see 2–11x faster inference speeds on mobile GPUs than on CPUs. - BitNet

Tether CEO to Attend Mar-a-Lago Trump Luncheon and Give Speech

On March 17th, per TrumpMeme, Tether CEO Paolo Ardoino is set to attend and deliver remarks at the Trump Luncheon at Mar-a-Lago.

Tether CEO: Tether AI Team to Release a 'Truly Groundbreaking Achievement' This Week

On March 16, Tether CEO Paolo Ardoino said the Tether AI team plans to release a "truly groundbreaking achievement" later this week.

Tether's High-Frequency Multiple Investment, Already Deployed $1.6 Billion Within Months

On March 15, GSR Content Lead Frank Chaparro posted on X (formerly Twitter) that Tether has disclosed at least $1.6 billion in investments over the past few months, including: - Right-wing social platform Rumble: $785 million - Gold royalty project Elemental Royalty: $250 million - Iconic Italian soccer club Juventus FC: $150 million - Gold asset manager Gold.com: $150 million - **Crypto asset manager Anchorage Digital: $100 million** - Gold Royalty: Over $90 million - **Robotics project Generative Bionics: $82 million** - **Bitcoin Lightning Network and stablecoin payment infrastructure firm Speed1: $8 million** - Digital asset infrastructure platform Parfin: Undisclosed amount - Agriculture company Adecoagro: Undisclosed amount Note: Adjusted "football" to "soccer" (standard U.S. terminology for the sport) and formatted links/platforms for natural U.S. English readability.

Tether Freezes Around 12 Million USDT in a Certain Address

March 14 — Whale Alert monitoring shows an address on the Tron blockchain holding 11,960,680 USDT has just been frozen by issuer Tether. Tether implements its USDT freezing mechanism via a blacklist feature built into its smart contract. Once the admin calls the addBlackList function to add a specific address to the blacklist, all USDT transfers to and from that address are disabled — the balance remains visible but is permanently frozen. This action is typically triggered by law enforcement requests related to money laundering, fraud, or sanctions. Tether has frozen over $4.2 billion worth of USDT in the past few years, with most of these freezes occurring after 2023.

Tether CEO: Devoting Significant Resources to Ensure AI Communication and Intelligence Remain Free

On March 14, Tether CEO Paolo Ardoino stated: “There are those who seek to strangle the dream of a free internet—and artificial intelligence itself was born in a cage. Tether is devoting significant resources to ensure AI communication and intelligence remain free.”

Titan Builder has generated $34.5 million in revenue in the last 24 hours, surpassing Tether to claim the top spot.

On March 13, data from DefiLlama shows Ethereum block builder Titan Builder’s 24-hour revenue reached $34.5 million, surpassing Tether’s $16.43 million to claim the top spot. As previously reported, a user swapped roughly $50.43 million worth of aEthUSDT into AAVE via CoWSwap. Due to slippage exceeding 99%, the user only received around 327 aEthAAVE tokens—valued at approximately $36,000. Titan Builder netted roughly $34 million in profit from this transaction.

Bloomberg: Tether is seeking to boost its valuation to $500 billion, becoming one of the world's most highly valued private companies

March 13th — Per Bloomberg, Tether CEO Paolo Ardoino has named the U.S. central to the firm’s expansion strategy, securing backing from allies of the Trump administration including banker Howard Lutnick (a long-time Tether supporter, whose family firm has also invested in the company). Tether rolled out a new token in the U.S. market this January and has ramped up lobbying efforts in Washington. Meanwhile, the company is courting global investors, targeting a $5 trillion valuation to become one of the world’s most valuable private firms. Ardoino noted Tether aims to wrap up a full audit by late 2026 and is in discussions with the Big Four accounting firms. Last year, the company reported over $10 billion in profit, holding roughly $122 billion in U.S. Treasury securities — making it the 17th largest global holder of such assets. Additionally, Tether is pushing its compliant token USAT in the U.S. market and has made 140+ investments across AI, energy, and brain-machine interfa

Tether Holdings SA Chief Investment Officer Richard Heathcote Announces Resignation

March 13 (Bloomberg) — Tether Holdings SA Chief Investment Officer Richard Heathcote has announced his resignation, transitioning to a non-executive advisor role where he will no longer oversee day-to-day operations. His deputy, Zachary Lyons, will take over the position. During his tenure, Heathcote led management of Tether’s reserve assets and spearheaded the company’s suite of diversified investments, including stakes in football clubs and humanoid robotics.

Ark Labs Completes $5.2 Million Seed Round Funding, With Tether Participating

March 12th — Ark Labs has closed a $5.2 million seed funding round to scale infrastructure for programmable finance applications on Bitcoin (BTC), per The Block. Investors in the round include Tether, Ego Death Capital, Epoch VC, Lion26, Sats Ventures, Contribution Capital, Anchorage Digital, former PayPal CFO Ralph Ho, and other digital asset and fintech backers. Ark Labs did not disclose the round’s structure, timeline (open/close dates), or post-money valuation. Founded in 2024, Ark Labs now has over $7.7 million in total institutional support, with prior seed funding backed by Draper Associates, Fulgur Ventures, and Axiom Capital.

Tether minted 1 billion USDT 6 hours ago

March 12: Per LookOnChain monitoring, Tether has minted an additional 1 billion USDT on the Tron network — the transaction occurred 6 hours prior to the report.

Tether minted another 1B $USDT on #Tron 6 hours ago.

Tether minted another 1B $USDT on #Tron 6 hours ago. The circulating supply of $USDT on #Tron has reached 85.3B, far more than on #Ethereum.

Tether CEO: USDT Has Served Over 550 Million Global Emerging Market Users, with the Largest Sender Accounting for Less than 5%

On March 8, Tether CEO Paolo Ardoino posted on X, noting: “Over the past 12 months (ending Jan. 31, 2026), the largest single sender accounted for 4.97% of USDT’s total transaction volume—lower than the 23.34% figure for other stablecoins.” USDT serves people excluded by the traditional financial system because they lack wealth. Currently, more than 550 million users across global emerging markets rely on Tether’s USDT.

Tether's major investor donates over ￡12 million to the UK Reform Party in support of crypto-friendly policies

March 7th — Per the latest disclosure from the UK’s Electoral Commission, London-based investor Christopher Harborne has made an additional donation to the UK Reform Party. Harborne is estimated to own a 12% stake in Tether, the world’s largest stablecoin issuer. Disclosure documents show that after a ￡9 million donation he disclosed last year, Harborne gave another ￡3 million in November 2023. Led by Nigel Farage, the Reform Party has made digital assets a core part of its economic agenda, promising to turn the UK into a top global hub for digital assets and proposing to cut the capital gains tax on cryptocurrencies from the current ~18% to 10%. In 2025, the Reform Party became the first UK political party to accept digital asset donations, letting supporters donate via cryptocurrencies like Bitcoin. This step has sparked concerns among some UK lawmakers. This past January, seven committee chairs called on the UK government to ban political donations in cryptocurrencies, arguing

Tether Backs Utexo with $7.5M Investment to Boost USDT on Bitcoin Network Settlement

March 7 — Stablecoin issuer Tether announced it co-led a $7.5 million investment round in startup Utexo, with participation from Big Brain Holdings, Portal Ventures and Franklin Templeton. Utexo is building infrastructure to enable USDT to settle directly on the Bitcoin network and support payments via the Lightning Network. Its solution offers a pre-confirmable fixed fee and leverages Bitcoin’s security to complete transactions through atomic and privacy-focused settlement mechanisms. Paolo Ardoino noted that native USDT settlement on Bitcoin and the Lightning Network will further strengthen Bitcoin’s role as a global dollar settlement network. USDT currently has a supply of ~$184 billion, making it the largest USD stablecoin by market capitalization.

Tether Strategic Investment in Cross-Border Payment Company Axiym to Drive USDT Adoption in Global Payment Systems

March 5 — Stablecoin issuer Tether announced a strategic investment in fintech firm Axiym to boost USDT adoption in global payment and settlement systems and enhance cross-border payment efficiency. Axiym is building a global distributed fund and settlement infrastructure that embeds financial services into a compliant payment ecosystem and supports the "Pay Now, Settle Later (PNSL)" post-settlement model. The system will also seamlessly integrate USDT fund flows, enabling payment companies to use USDT directly in their existing fund management systems without additional settlement pathways or complex infrastructure. Axiym’s distributed settlement network currently covers 140 countries and 70 currencies, supporting real-time settlement between payment processors and global payment aggregators. Its goal is to make cross-border fund flows more instant, predictable, and efficient. Tether CEO Paolo Ardoino noted the investment will expand USDT’s practical applications in advanced

Source: Neura Robotics is planning to raise 1 billion euros, Tether may participate in the investment

On March 5, German robotics startup Neura Robotics is gearing up for a new funding round of roughly €1 billion to speed up development of AI-powered humanoid robots. Insiders say Tether—issuer of the stablecoin USDT—is expected to join the round as an investor. The round could value the Mechingen, Germany-based firm at around €4 billion, and the company may pursue additional financing down the line. Founded in 2019 by David Reger, Neura Robotics focuses on building “cognitive robots” with visual, auditory, and environmental perception capabilities. It’s also developing industrial and consumer robots, plus Neuraverse—a software platform enabling safe human-robot interaction for intelligent machines. Public records show the company previously closed a €120 million funding round in January 2025, led by Lingotto Investment Management, with other backers including Volvo Cars Tech Fund. Neura Robotics notes its order book is approaching $1 billion, with clients like Kawasaki Heavy I

AI-Powered Sleep Technology Company Eight Sleep Raises $50 Million in Strategic Funding Round, Led by Tether

On March 5th, AI sleep technology firm Eight Sleep closed a $50 million strategic funding round, with Tether leading the round. The company previously raised $100 million in August 2023. Eight Sleep specializes in sleep health products, spanning bedding and supplements. Tether expressed optimism about health tech’s potential in “longevity, performance, and disease prevention,” and will partner with Eight Sleep to develop AI-driven health tech products leveraging its QVAC architecture and edge intelligence technology.

Tether Invests $1.5 Billion in Valuation Strategy in Eight Sleep

On March 4, Tether Investments announced a strategic investment in Eight Sleep—a smart sleep technology firm—at a $1.5 billion valuation. Eight Sleep leverages advanced artificial intelligence (AI) and embedded sensors to deliver personalized sleep insights and enhancement services. The investment aims to bolster Eight Sleep’s capabilities and forge a long-term partnership to co-develop cutting-edge AI-powered health technology built on Tether’s QVAC architecture.

Tether will partner with the Municipality of Lugano, Switzerland, to jointly contribute 5 million Swiss Francs to advance the Plan ? Phase 2 project and establish a global digital hub.

March 3rd: Over the past four years, Tether has partnered with Lugano’s municipal government to get more than 400 local merchants on board to accept BTC and USDT payments via Plan ?. This effort has embedded digital assets into daily business transactions and boosted their real-world utility. With strategic and technical support from Tether, Lugano has also launched digital bond issuances and enabled municipal digital asset payments—integrating blockchain directly into public fiscal infrastructure, not just limiting it to the private sector. Tether and Lugano’s government have jointly committed 5 million Swiss Francs to advance Plan ? Phase II, positioning Lugano as a global digital infrastructure hub. From 2026 to 2030, Tether will provide infrastructure support to grant Lugano long-term digital sovereignty. Key measures include: - Building secure, automated digital asset management infrastructure - Developing Lugano into a hub for digital trade and commodity flows - Advan

Tether has frozen $4.2 billion worth of USDT over the past three years

March 1st: Tether has frozen $4.2 billion in USDT over the past three years as regulatory crackdowns on illicit cryptocurrency fund flows intensify, per Cointelegraph.

On-chain Gold Sees Largest Single Transaction in Three Weeks, Tether Transfers 28,723 XAUT to Abraxas

Feb 28 — Chain analytics provider Ai Yi (@ai_9684xtpa) reported that gold token XAUT recorded its largest single transaction in nearly three weeks earlier Tuesday. Four hours prior, the Tether Treasury address transferred 28,723 XAUT to UK asset manager Abraxas Capital Mgmt, valued at $151 million. Heka Funds (Abraxas Capital) is one of Tether’s largest and most critical institutional clients—previously holding 1.5% of total USDT issuance. Among Tether’s publicly disclosed on-chain addresses, it also ranks second for total interactive volume.

Tether Secondary Market Valuation Reaches $350-375 Billion, Executives' Wealth May Enter Global Rich List

February 27th — Forbes reports that stablecoin issuer Tether’s recent secondary market valuation ranges from $350 billion to $375 billion, a figure that could drive a significant jump in the wealth of its core shareholders. Forbes currently values Tether at approximately $200 billion (based on market interviews)—down from over $500 billion a year ago. At this valuation: - CFO Giancarlo Devasini (holding ~44–45% of the company) has a net worth of roughly $89 billion. - CEO Paolo Ardoino and former CEO Jean-Louis van der Velde (each with ~19% stakes) are valued at ~$38 billion apiece. - Chief Legal Officer Stuart Hoegner (with ~12% ownership) has a net worth of ~$25 billion. If calculated at a $350 billion valuation, Devasini’s stake would exceed $156 billion—surpassing Warren Buffett’s current net worth of ~$147.8 billion. Key operational metrics from Tether: - Unaudited annual profit last year: ~$10 billion. - USDT market capitalization: ~$184 billion. - Over 80% o

Tether and Circle Expand Hiring and Operations in South Korea

On February 26, South Korean media outlet News1 reported that industry sources have revealed stablecoin issuer Tether recently posted job openings targeting Korean employees, including roles for a PR manager, blockchain investigator, and government relations officer. Tether first entered the Korean market last year by hiring a Korean market representative, but after that representative departed, the firm decided to significantly expand its local team. Separately, another virtual asset industry insider noted: “Since Circle’s CEO visited South Korea in August 2023, Circle has been actively conducting lending business in the country.” This activity appears to align with South Korea’s regulatory requirements for overseas stablecoin issuers. The upcoming Digital Assets Basic Law (Phase 2 Virtual Assets Act) is expected to include provisions mandating that overseas stablecoin issuers establish a local branch to distribute their tokens in the domestic market. As a result, even maj

Tether Announces Investment in Global Internet Marketplace Whop

On February 25th, Tether announced an investment in Whop—the world’s largest internet marketplace—to extend stablecoin payment support for the next-generation internet economy. Whop will integrate Tether’s wallet infrastructure, WDK. Through Whop’s global network, millions of creators and users will be able to conduct USD settlements faster and more efficiently.

Tether CEO Teases Launch of Cryptocurrency Debit Card Business with Preview Video

On February 25, Tether CEO Paolo Ardoino dropped a teaser video yesterday, featuring a metallic app icon that looks like a bank card. The crypto community is speculating Tether will launch a crypto debit card service. ### Notes on American English adjustments: 1. **Date framing**: Added "On" before the date (standard for American news style). 2. **Casual, natural verbs**: Used "dropped" (common in U.S. tech/crypto discourse for sharing teasers) instead of "released"; "looks like" (more conversational than "resembling" for quick updates). 3. **Flow**: Split the long sentence into two for readability (fits U.S. short-form news conventions). 4. **Clarity**: Kept "crypto community" explicit (aligns with U.S. audience familiarity with the term). No extra information added—strictly aligned with the original content while adapting to American language habits.