Tether’s new stablecoin, USAT, could pose the first serious challenge to Circle’s (CRCL) $USDC in the U.S. market, analysts say — if it can win over institutions. Launched in partnership with federally chartered bank Anchorage Digital and Cantor Fitzgerald, USAT is Tether’s first attempt at a U.S.-regulated dollar token aimed at institutional users. Tether’s flagship
Table of Contents Why Treasury Bills Are Tether’s Cash CowWhat About Fees?Does Tether Invest in Anything Besides Treasuries?The $5.2 Billion vs. $15 Billion QuestionHow Big Is Tether Now?Why Stablecoins Dominated 2025 EarningsWhat Tether Doesn’t Make Money FromThe Bottom LineFrequently Asked Questions Tether makes money by investing the reserves that back $USDT. When users deposit dollars
Cryptocurrency payments network Mesh acquired unicorn status with a $75 million Series C funding round that valued it at $1 billion. The round was led by Dragonfly Capital and included participation from Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment and Liberty City Ventures, Mesh said on Tuesday. The fundraise, coupled with the ceremonial significance of
AVAX One, the digital asset treasury firm advised by SkyBridge Capital founder Anthony Scaramucci, saw its shares tumble more than 32% after it registered nearly 74 million shares held by insiders as available for sale. The company, which holds AVAX tokens and related Avalanche ecosystem assets, made the disclosure late on Tuesday. While the filing
A rotating cast of top candidates has roiled Polymarket betting on the next chair of the Federal Reserve, but the new favorite, BlackRock’s Rick Rieder, has argued that bitcoin will replace gold and has recommended people should have it in their portfolios. Rieder, BlackRock’s chief investment officer for global fixed income, has rocketed to the
Story Highlights Coinbase Ventures says crypto investing is shifting as institutional money changes how markets behave. Stablecoins, DeFi, and new trading models are where smart money is focusing. The next phase of crypto may favor long-term fundamentals over short-term hype. Hoolie Tejwani, Head of Coinbase Ventures, said in a recent Milk Road interview that the
If you’ve ever wanted XRP exposure without managing wallets, private keys, or exchange accounts, Evernorth is built for that exact itch. It’s positioning itself as an XRP treasury company for institutions. This means it holds a large reserve of XRP and wraps that exposure in a familiar stock format. Why do people care about an
In a landmark deal for the digital assets sector, the crypto payments infrastructure provider Mesh has successfully closed a $75 million Series C funding round, catapulting the company to a coveted $1 billion valuation and achieving official unicorn status. This substantial capital infusion, led by premier venture firm Dragonfly and reported by The Block on
Citrea Launches Mainnet, Bringing Lending, Trading, and USD Settlement to Bitcoin Citrea, a Bitcoin application platform backed by Founders Fund and Galaxy Ventures, announced today the launch of its mainnet, in hopes to unlock lending, trading, and other capital market activity directly on the Bitcoin network. Alongside the mainnet debut, Citrea introduced ctUSD, a U.S.
Financial institutions may be returning to South Korea’s crypto market and privacy-focused blockchain project Miden is trying to get ahead of the curve. Miden has signed a strategic memorandum of understanding (MOU) with Korea Digital Asset (KODA), South Korea’s largest institutional digital-asset custodian, to collaborate on infrastructure and standards for regulated digital-asset adoption in the