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  2. Crypto giant Tether invests $775 million in Trump-friendly ...

    www.aol.com/finance/crypto-giant-tether-invests...

    Tether has amassed a large fortune in recent years thanks to its namesake stablecoin, which the company says will bring in over $10 billion in profits in 2024. Flush with cash, Tether's owners ...

  3. Tether CEO says he sees no indication of US probe - AOL

    www.aol.com/news/tether-ceo-denies-probe-u...

    Tether is the world's largest stablecoin, a type of cryptocurrency designed to hold a fixed value over time. ... 2024 at 3:57 PM ... The crypto firm has been under investigation for years in ...

  4. 3 crypto billionaires were the biggest net worth gainers ...

    www.aol.com/3-crypto-billionaires-were-biggest...

    Annual wealth gain: $20.7 billion Net worth: $55.0 billion Changpeng Zhao saw the biggest annual wealth gain in the crypto industry, up $20.7 billion. Those gains bring his total net worth to $55 ...

  5. Tether (cryptocurrency) - Wikipedia

    en.wikipedia.org/wiki/Tether_(cryptocurrency)

    Tether (often referred to by its currency codes, USD₮ and USDT, among others) is a cryptocurrency stablecoin launched by Tether Limited Inc. in 2014. [3] [4]As of August 1, 2024, Tether reported having $118.4 billion in reserves, including $5.3 billion in excess reserves.

  6. Crypto company Tether invests $200 million in brain-chip ...

    www.aol.com/news/crypto-company-tether-invests...

    Crypto company Tether has invested $200 million in Blackrock Neurotech, taking a majority stake in the U.S. brain implant company, Tether said in a statement on Monday. Blackrock Neurotech makes ...

  7. Brock Pierce - Wikipedia

    en.wikipedia.org/wiki/Brock_Pierce

    Pierce was a co-founder of the cryptocurrency Tether with Reeve Collins and Craig Sellars in 2014. [38] Tether surpassed Bitcoin in trading volume with the highest daily and monthly trading volume of any cryptocurrency on the market in 2019. [39] Tether is a so-called stablecoin because it allegedly maintains $1 in reserves for each tether ...

  8. Crypto giants Binance and Circle team up to take on Tether - AOL

    www.aol.com/finance/crypto-giants-binance-circle...

    Crypto traders have long used stablecoins because, unlike Bitcoin and other cryptocurrencies, they are not volatile, providing a way to park digital assets without incurring the transaction costs ...

  9. USD Coin - Wikipedia

    en.wikipedia.org/wiki/USD_Coin

    In July 2022, Circle reported that the circulation of USDC had reached $55 billion. [ 11 ] On March 11, 2023, USDC temporarily lost its peg to the US dollar after Circle revealed that $3.3 billion dollars, about 8% of its reserves, were jeopardized due to the collapse of Silicon Valley Bank the day before. [ 12 ]

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