According to Bloomberg, Tether CEO Paolo Ardoino announced that the company is expected to report a net profit of approximately $15 billion this year. Ardoino stated that this figure is an extraordinary achievement for the company and that they have reached a profit margin of 99%. Tether continues its rapid growth in stablecoin issuance while
Exchanges in Brazil have reported an increase in the adoption of stablecoins since the Financial Transaction Tax (IOF) more than tripled from 1.1% to 3.5%, affecting foreign payments and purchases of foreign currency in cash. Regulation that might plug this loophole is currently in the works. Stablecoin Adoption in Brazil Explodes to Avoid Financial Transaction
LUGANO, Switzerland — Tether, the crypto company behind the world’s largest stablecoin, USDT USDT$1.0001, is planning fresh investments to bring its U.S.-focused U.S. dollar stablecoin to a 100 million American user base, Tether CEO Paolo Ardoino said in an interview on Friday. The USAT token, designed specifically for the U.S. market to comply with federal
According to The Block, Ripple (XRP), Coinbase, Tether (USDT), Gemini co-founders Cameron and Tyler Winklevoss and other major cryptocurrency firms donated to the construction of US President Donald Trump’s new White House ballroom. These companies, major cryptocurrency companies, were reportedly included in the list of sponsors of the Trump administration’s “White House Ballroom” project. Other
Crypto exchange Crypto.com has filed a national trust bank charter application with the Office of the Currency Comptroller (OCC), the firm announced on Friday. The application puts the firm on a growing list of crypto companies—like USDC issuer Circle, crypto exchange Coinbase, and Bridge, the stablecoin arm of private payments company Stripe—which have also sought
Former Strategy CEO Michael Saylor has already reacted to JPMorgan’s sudden cryptocurrency U-turn. “Don’t wait until your banker tells you to buy Bitcoin,” Saylor said on the social media network. JPMorgan legitimizing crypto Earlier today, Bloomberg reported that JPMorgan would allow its institutional clients to use the two leading cryptocurrencies as collateral for accessing liquidity.
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors rebound another 1-2%; BTC at $111,000 Trump pardons CZ; brief bounce in BNB eco tokens JPMorgan to allow
The sports industry is in a state of shock following the arrest of more than 30 people involved with the National Basketball Association (NBA). The investigation, described as “mind-boggling” by the FBI Director Kash Patel, has spanned 11 states and involves millions of dollars allegedly made through illegal betting and game rigging during the 2023–2024
The Bank for International Settlements (BIS) warned about the risks of stablecoin yield products. The addition of yield blurs the line between payment tools and investments, the organization warned. The Bank for International Settlements (BIS) issued warnings on the expansion of stablecoin yield products. The organization noted the current trend of stablecoin adoption, but warned