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Tether Pauses Bitcoin Purchases Despite $1.3 Billion Profit

Tether, a leading stablecoin issuer, announced a pause in Bitcoin purchases, despite reporting a record $1.3 billion net operating profit for Q2 2024. The financial report, audited by BDO, a top global accounting firm, marks a notable shift in Tether’s […]

Tether and XREX Group partnership represented with digital currency symbols and a world map.

Tether’s Strategic Investment in XREX Group

June 7, 2024 • Cryptocurrency • Leave a Comment

Tether, a global digital asset firm, has invested $18.75 million in XREX Group, a Taiwanese blockchain-enabled financial institution. The goal of this partnership is to improve cross-border USDT-based payments in developing economies and stimulate innovation in digital assets. Source: https://www.bloomberg.com/

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