Crypto News·
Former Tether CIO Richard Heathcote reportedly seeks to sell part of his stake as USDT leads stablecoins and Tether stays private this year.
Read full articleTether's investment in Mercado Bitcoin could accelerate the adoption of blockchain-based financial services in Latin America, reshaping the region's financial landscape. The post Tether to invest $20 million in Mercado Bitcoin appeared first on Crypto Briefing.
The post Tether backs Brazil’s Mercado Bitcoin while USDT faces growing restrictions in Europe appeared on BitcoinEthereumNews.com. Tether has invested $20 million in Mercado Bitcoin, one of Latin America’s largest regulated digital asset platforms, as the stablecoin issuer expands its presence in high-growth markets. The investment comes as USDT faces increasing restrictions across regulated platforms in Europe. This follows the implementation of the EU’s Markets in Crypto-Assets [MiCA] framework, highlighting the contrasting regulatory environments shaping Tether’s global strategy. Tether doubles down on Latin America’s regulated crypto infrastructure Tether said the investment forms part of a strategic financing round for Mercado Bitcoin. It operates a regulated on-chain financial platform serving 4.5 million users. The services cut across trading, tokenized assets, lending, payments, and cross-border financial services. According to the company, Mercado Bitcoin has issued more than
The sale's valuation will reveal market sentiment on Tether's regulatory risks and growth, impacting confidence in stablecoin-related assets. The post Former Tether investment chief seeks to sell 1% stake in the stablecoin giant appeared first on Crypto Briefing.
The post Bitcoin dominance hits one-month low as altcoin winners start breaking away appeared on BitcoinEthereumNews.com. Bitcoin’s dominance dropped to a one-month low of 54%, down from 58.12%, according to CoinGecko’s dominance table. Over the same stretch, the “Others” bucket, representing everything outside Bitcoin, Ethereum, and stablecoins, climbed from 19.39% to 24.68% of total crypto market cap. BTC dipped below $58,000 last week, then recovered to find an intraday high of $63,976.16, while the Fear & Greed Index climbed from 12 to 24 this week, though it’s still sitting in Extreme Fear territory. Bitcoin’s dominance had already slid from 63% to 56% over the past year, while stablecoins nearly doubled their market share over the same period, from 7% to 13%. Bitcoin dominance fell from 58.12% to 54.0% as “Others” market share rose from 19.39% to 24.68% The rebound centers on tokens that carry real protocol fees, run buyback or burn programs, sit within Solana’s on-chain trading
The post Ex-Tether CIO plans to sell a piece of his stake in the crypto giant appeared on BitcoinEthereumNews.com. Richard Heathcote, who until March was Tether’s chief investment officer, is planning to sell part of his 1.26% stake in the stablecoin giant, according to a Bloomberg report. Heathcote is working with PJT Partners to sell his holding in the San Salvador, El Salvador-based company, Bloomberg said, citing sources close to the matter. The sources said discussions with potential buyers were ongoing. They declined to comment on the company’s potential valuation. Heathcote took on a non-executive advisory role at the issuer of USDT, the largest stablecoin by market capitalization, in March, and was replaced by his deputy Zachary Lyons. In February, Tether scaled back from plans to raise as much as $20 billion after facing investor resistance to a proposed $500 billion valuation that would rank the stablecoin issuer among the world’s most valuable private companies. Tether advis
The post MEXC Reports First $100 Million Launchpad Round as SpaceX Demand Spills Into Tokenized Stock Trading appeared on BitcoinEthereumNews.com. MEXC, a pioneer in 0-fee digital asset trading, today released its June trading highlights. The second round of SPACEX (PRE) drew more than 36,000 participants and approximately 118 million USDT in subscriptions, the first time a single Launchpad round has passed $100 million. SpaceX futures ended June as the most traded US equity contract on the platform, and the tokenized SpaceX stock led all tokenized equities on the spot side. Alongside the SPACEX(PRE) Launchpad round, MEXC offered multiple ways to access SpaceX-related opportunities, spanning pre-IPO participation, futures trading, and tokenized equities. The SPACEX (PRE) sale followed a smaller first round in May and returned up to 38% during the reporting period. Demand for Pre-IPO access held from one month into the next, and the platform met it with a bigger book. Tokenized US stock
Tether plans to issue USDT natively on Bitcoin through RGB v0.11.1, with UTEXO leading the rollout as early as July. Tether is preparing to issue USDT natively on Bitcoin through RGB protocol version v0.11.1. The rollout would return USDT to the network where it first launched in 2014 through Omni-Mastercoin. UTEXO is leading the commercial […] The post Tether Is Bringing USDT Back to Bitcoin, and RGB Could Change Everything appeared first on Live Bitcoin News.
Visa data shows USDC carrying 70% of adjusted stablecoin volume, double USDT. How Circle won settlement, Tether kept savings, and what breaks the truce.
