Tether Gold now has a dedicated options market on Bybit
These options, settled in USDT, let traders hedge risk, speculate on gold prices.
Binary trading platforms with better performance and payouts
Tether
These options, settled in USDT, let traders hedge risk, speculate on gold prices.
The investment is part of the stablecoin giant’s expansion into industries outside of crypto.
USAT’s market cap jumped above $140 million in April, though it remains well behind Circle’s USDC, PayPal’s PYUSD and Ripple’s RLUSD tokens.
The head of digital assets and tokenization at one of Germany’s largest asset managers said that USDT and USDC are not stablecoins, from his perspective.
FT identifies KPMG as auditor as stablecoin giant eyes fundraising and expansion under new U.S. rules
Japanese investment bank Mizuho remains neutral on Circle, but lifted it price target to $120 from $100.
Paolo Ardoino criticizes EU rules that could force stablecoin issuers to rely on fragile banks and warned about potential bank failures in the future.
The USDT issuer expands beyond crypto with a controlling stake in Adecoagro, a major Latin American producer.
Patrick McHenry, the ex-lawmaker who championed last year’s crypto legislation, also said he expects a role to be found for Tether in the U.S. stablecoin field.
Tether reported the first attestation report for its Tether Gold product under new El Salvador regulations as gold demand surges globally