Stablecoin issuer Tether to expand dealmaking beyond crypto: report
With billions in excess reserves, Tether now wants to accelerate its expansion into sectors beyond crypto, a report reveals. Tether (USDT), the $140 billion stablecoin issuer, is gearing up to expand its investments beyond the crypto space as the firm’s reserves grow, Bloomberg has learned, citing sources close to the firm. The firm’s financial muscle […]
Binance Labs, Kraken Ventures back $10m round for stablecoin issuer Usual
Binance Labs and Kraken Ventures led the $10 million Series A funding round for Usual, a decentralized fiat-backed real-world assets stablecoin issuer. Usual, the RWA-backed stablecoin issuer that uses its USUAL token to distribute value and ownership, revealed the fundraising via X on Dec. 23. The protocol said it had secured $10 million in the […]
USDC stablecoin issuer Circle cuts 6% staff amid push for AI: report
Circle has reduced its workforce by less than 6%, saying the layoffs are part of a routine review of investments and expenses as the company continues its global expansion. Stablecoin issuer Circle has reduced its workforce by less than 6%, citing a strategic review of investments and expenses, Bloomberg has learned. The layoffs are said […]
Crypto ETF issuer Bitwise rebrands XRP ETP with Ripple’s backing
Bitwise Asset Management unveiled a rebranding of its European XRP ETP, with blockchain firm Ripple backing the newly renamed product. Bitwise announced Wednesday that it’s rebranding its European XRP exchange-traded product as part of a broader update to its European product suite. In a press release on Nov. 27, the firm said the ETP is […]
