News list for " tethers"
Stablecoin issuer Tether invested $2 million in Arcanum Capital's Arcanum Emerging Technologies Fund II, a tokenized investment vehicle specializing in decentralized Web3 projects. James McDowall, managing partner of Arcanum Capital, said the fund invests in blockchain technology to enhance remittances, cross-border transfers, privacy and provide banking services to the unbanked. Paolo Ardoino, CEO of Tether, said that anti-censorship and promoting open communication are the main priorities for ...
Consumers' Protection, a California-based nonprofit, has launched a multimillion-dollar advertising campaign questioning the business conduct of the Tether stablecoin. The campaign, promoted through TV ads and billboards, questions whether Tether will become the next FTX and points to the risk that its reserves are unaudited. Consumers' Protection will set up digital billboards in New York's Times Square and use mobile billboards in New York and Washington DC. Executive director Will Hild said c...
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