Stablecoin

Tether International Limited announced a strategy to allocate up to 15% of its net realized operating profits to purchase Bitcoin, reinforcing its commitment to BTC as a resilient asset. As of March 2023, Tether held $1.5 billion in Bitcoin and controls its private keys. Recent developments include launching the USA₮ stablecoin, assisting Canadian law enforcement in recovering USDT, and appointing a new Chief Business Officer.

Tether announces its new U.S. stablecoin USAT, led by CEO Bo Hines, supported by Anchorage Digital and Cantor Fitzgerald. This move follows the Genius Act regulating stablecoins and targets use cases like remittances and online payments.

In 2025, Tether marked significant achievements including unveiling the USA₮ stablecoin, assisting law enforcement in fraud recovery, and expanding leadership. Simultaneously, Thailand officially recognized Tether's USD₮ as a major cryptocurrency, boosting its digital asset ecosystem. Discover how these developments shape the global crypto market and offer new opportunities, including convenient crypto purchases via platforms like Bitlet.app with flexible installment plans.

Tether, the issuer of the world's largest stablecoin, has confirmed a significant capital raise, reportedly valuing the company at $500 billion. This move underscores the growing importance of stablecoins in the crypto ecosystem. Explore how platforms like Bitlet.app are innovating with services like Crypto Installments to make crypto more accessible.

Zerohash secured $104 million in funding led by Interactive Brokers, reaching a $1 billion valuation. Backed by major players like Morgan Stanley and Apollo Global, Zerohash is a leader in crypto and stablecoin infrastructure, fueling growth in financial institutions' crypto services.

Tether Holdings SA, the issuer of the largest stablecoin, is in talks to raise $15-20 billion by offering a 3% stake, potentially valuing the company at around $500 billion. These negotiations highlight the growing importance of stablecoins in the crypto ecosystem.

Plasma blockchain, designed specifically for stablecoins, is launching its Mainnet Beta on September 25, 2025. With a native token XPL, over $2 billion liquidity, and zero-fee USDT transfers, it aims to revolutionize stablecoin transactions. Backed by $24 million in funding, Plasma offers fast, composable transactions through its PlasmaBFT architecture.

Gemini has entered a $75 million credit agreement with Ripple Labs and filed for an IPO, signaling growth despite recent financial losses. This move aligns with the crypto sector's push toward mainstream adoption, following new legislation and other major crypto IPOs.

Wyoming has introduced a new stablecoin aimed at providing instant transaction capabilities and reduced fees for both consumers and businesses. This marks a significant step in enhancing crypto usability in everyday transactions.

Wyoming introduces the Frontier Stable Token (FRNT), the first U.S. public entity-backed stablecoin, fully collateralized and deployed on seven major blockchains. The initiative supports local public schools by using reserve interest and transforms payment cycles for contractors.