The last three months of Tether's operations added nothing to its balance sheet, while declared profits were invested in other projects.

The stablecoin issuer bought an undisclosed stake in Northern Data Group, which it claims is “set to become the biggest independent AI player in Europe.”

stUSDT recently crossed the $1 billion TVL threshold, but rather than excitement, the phenomenal growth of Justin Sun’s latest DeFi project intensified concerns.

While USDT dominates payments and centralized exchanges, USDC has taken the lead in decentralized markets. USDC has actively fostered relationships with DeFi dApps and is often viewed as a more secure stablecoin.

The stablecoin issuer has recently been directing clients to Britannia Bank and Trust, its third Bahamas-based banking partner, to process dollar transfers.

The stablecoin issuer has reaffirmed its commitment to the Swiss city of Lugano’s Plan ₿ initiative, by hosting and managing a validator node on the project’s 3Achain blockchain.

Justin Sun allegedly transferred $209 million to help stabilize the crypto exchange that he controls. Does the extravagant crypto billionaire possess enough resources to weather the storm?

Tether published its quarterly reserve report. The company has built up reserves but added little to the overall transparency.