Tether

Money Moves

Market leader

Twenty-one of the world's largest banks have put about $270 million behind a shared stablecoin company. The money covers five years of operating costs for a venture known internally as Project Faro, which plans to issue a dollar-denominated token in the first half of 2027.

Updated Yesterday

Money Moves

Froze more than $1.5 billion of stolen USDT, according to Binance's APAC head

Binance has reopened withdrawals on most of the networks it shut after the October 29 theft, and says it has replaced 98% of the $6.34 billion in affected assets. Its incident report traces the breach to a tampered software tool in June and a fake job interview in September.

Updated 2 days ago

Rule Changes

As of September 2026: Operates outside the EU's MiCA framework; USDT delisted from EU exchanges since July 1, 2026

Tether, the company behind the world's largest stablecoin, has walked away from Europe's crypto licensing regime. CEO Paolo Ardoino said the company won't seek a Markets in Crypto-Assets (MiCA) license because the rules force large stablecoin issuers to park at least 60% of reserves in commercial bank deposits — money that banks lend out and may not have on hand during a redemption rush.

Updated Sep 26

Money Moves

As of June 2026: Lead investor in the Series C

A robot that costs about €98,000 and a company with no disclosed 2025 revenue just attracted up to $1.4 billion. Neura Robotics, based in the small German town of Metzingen, says it is the largest funding round a full-stack robotics company has ever raised. The backers include Nvidia, Amazon, Qualcomm and the stablecoin issuer Tether, which led the round.

Updated Jun 11