Reports say Christopher Harborne has donated $12 million to the UK Reform Party; he is also reported to hold investments in Tether and Bitfinex. The move highlights growing links between crypto capital and UK political funding.
Tether’s CEO publicly criticized S&P and social media influencers after S&P downgraded USDT’s peg stability, pointing to Tether’s Bitcoin and gold holdings as the rationale. The exchange between rating agency and issuer sharpens scrutiny over reserve composition and market confidence in the world’s largest stablecoin.
Investor Jason Calacanis urged Tether to sell its Bitcoin holdings and fully “Americanize” its business to rebuild credibility and reduce systemic risk. His comments increase scrutiny on USDT as regulators and markets watch stablecoin reserve policies.
S&P cut Tether to its lowest-tier rating, citing a rise in risk-asset exposure — Bitcoin now makes up roughly 24% of reserves. The move raises questions about USDT liquidity and market confidence.
Tether has confirmed it is withdrawing its Bitcoin mining operations from Uruguay after negotiations with state utility UTE broke down, laying off 30 employees and notifying the Ministry of Labor (MTSS).
Tether is closing its crypto-mining operations in Uruguay and has laid off 30 employees, attributing the move to rising local energy costs. The company did not detail immediate plans for the affected workforce or its remaining mining footprint.
S&P Global Ratings downgraded Tether’s USDT, pointing to increased reserve exposure to Bitcoin and the resulting price-risk to the stablecoin peg. The move raises short-term market and regulatory scrutiny of Tether’s backing strategy.
Jefferies says Tether accumulated about 116 tonnes of gold—nearly 2% of last quarter’s global demand—creating a reserve comparable to South Korea and Hungary and potentially shifting short‑term market sentiment.
Tether CEO Paolo Ardoino said Bitcoin is built to withstand the test of time, underscoring confidence in the flagship crypto. His remarks highlight the resilience narrative as traders weigh macro and regulatory risks.
Tether has made a strategic investment in Ledn to help scale bitcoin-collateralized loans and let users access credit without selling BTC. The deal aims to strengthen digital finance infrastructure and broaden USDT's role as a liquidity tool.