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Tether

Toyota, Yamaha, and BYD Accept Tether in Bolivia Amid Dollar Crisis

by admin September 22, 2025

Three major international vehicle manufacturers, Toyota, Yamaha, and BYD, have started accepting Tether (USDT) in Bolivia. The move marks a turning point in the country’s shift toward crypto as its US dollar reserves collapse.

Tether CEO Paolo Ardoino confirmed on Sunday that the companies now allow customers to buy vehicles using USDT. Crypto security firm BitGo also verified on X the first Toyota purchase with Tether in Bolivia on Saturday. Photos shared by Ardoino on X show dealerships displaying banners calling USDT an “easy, fast, and safe” way to pay.

Toyota, BYD, Yamaha accepting USDT in Bolivia

“Tu vehiculo en dolares digital”

USDT is the digital dollar for hundreds of millions in the emerging markets.
Ubiquity. pic.twitter.com/0X0SH3USXX

— Paolo Ardoino 🤖 (@paoloardoino) September 21, 2025

Bolivia’s Growing Reliance on Crypto

Bolivia was once among the last Latin American countries to resist digital assets. But in June 2024, it lifted its long-running crypto ban, allowing banks to process Bitcoin and stablecoin transactions. Since then, adoption has spread quickly.

In March, the state-owned oil and gas company YPFB gained approval to accept crypto for fuel imports, a response to the country’s worsening currency shortage. Shops at airports have even started pricing goods in USDT, while import businesses rely on stablecoins to pay foreign suppliers.

According to Trading Economics data, Bolivia’s foreign exchange reserves have declined by 98% over the past ten years, falling from $12.7 billion in 2014 to just $171 million in August 2025. While locals still use the boliviano in daily life, many are turning to stablecoins or dollars to protect their purchasing power.

Politics and the Road Ahead

Bolivia heads into a run-off election on October 19. Candidate Rodrigo Paz Pereira has proposed blockchain for transparency, while his rival Jorge “Tuto” Quiroga has kept his crypto stance vague. The winner will inherit the challenge of stabilizing an economy under severe strain.

This trend demonstrates that crypto is not only an investment instrument in Bolivia, but it has turned into a lifeline of trade, business, and even car buyers. The narrative is an indication of how economic crises can hasten the use of digital currency across the globe.

Also Read: Tether Launches New U.S. Stablecoin, USAT, Tapping Bo Hines as CEO

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September 22, 2025 0 comments

NFT Gaming

Tether CEO Delivers Rare Bitcoin Price Comment

by admin September 17, 2025

Paolo Ardoino, CEO of Tether, finally spoke up about Bitcoin’s price — something he rarely does. His message was not a price prediction, and Ardoino kept it simple, just welcoming Bitcoin back at $117,000. That short acknowledgment was enough to mark the level as important — not because of what he said but because of who said it.

Thus, the backdrop matters. Earlier this month, the price of the main cryptocurrency fell below $110,000 after a rough August. Since then, Bitcoin (BTC) has climbed more than $7,000, touching $117,272 today before easing to around $116,200 ahead of the Fed rate decision.

USDT sits at a $171 billion market cap and remains the main trading pair across global exchanges. On top of that, Tether itself holds 92,646.2 BTC, equivalent to around $10.76 billion, giving the company one of the largest direct corporate positions in the asset. When its CEO chooses to highlight a price point, it is not just commentary — it’s a marker that the market better to track.

A rare statement from the head of the company behind crypto’s biggest stablecoin simply confirmed that Bitcoin’s recovery has reached a level with psychological and technical weight.

Bottom line

Bitcoin’s rebound is being carried by the usual drivers: $292.27 million in ETF inflows for the last day and low exchange reserves.

But the headline today is not another chart setup. It is that the CEO of Tether broke his silence to point at the number the entire market has been watching: $117,000.

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September 17, 2025 0 comments

GameFi Guides

Israel Calls for Seizure of $1.5 Million in Tether Allegedly Tied to Iran

by admin September 16, 2025

In brief

Israel’s National Bureau for Counter Terror Financing has released a list of 187 USDT addresses.
It alleges the addresses, which collectively received $1.5 billion, are linked to Iran’s Islamic Revolutionary Guard Corps and must be blacklisted.
Blockchain data firm Elliptic said it couldn’t be certain if all the addresses were linked to Iran’s armed forces.

Israel on Monday published a list of crypto addresses, alleging Iran’s Islamic Revolutionary Guard Corps used them to receive $1.5 billion in USDT.

Israel’s National Bureau for Counter Terror Financing said in its announcement that the crypto across the 187 addresses should be seized.

The NBCTF did not immediately respond to Decrypt‘s questions but blockchain analytics firm Elliptic said the addresses received the huge amount of crypto in the form of Tether’s USDT.

Elliptic added that it wasn’t able to say for certain if all the addresses were directly linked to Iran “since some of them may be controlled by cryptocurrency services and could be part of wallet infrastructure used to facilitate transactions for many customers.”

It added that the assets could be seized because they are in the form of USDT. Tether’s USDT stablecoin is the fourth biggest digital asset by market cap and the most-traded virtual coin, with a 24-hour trading volume of over $101 billion.

Tether, the company that issues the digital coin, has worked with law enforcement in the past to freeze USDT linked to criminal activity.

Pro-Israel hacking group Gonjeshke Darande in June drained $90 million in crypto from Iranian exchange Nobitex, alleging it had links to the Islamic Revolutionary Guard Corps.

But compliance firm Crystal Intelligence told Decrypt that many Nobitex customers were likely hit by the hack.

Iran has long used cryptocurrency to circumvent sanctions. Last week, the United States Attorney’s Office for the District of Massachusetts filed a civil forfeiture action to recover $584,741 in USDT stablecoins from an Iranian national who provided technology to the Iranian military.

Iran’s IRGC is believed to be one of the country’s biggest Bitcoin miners.

Israel and Iran have been arch regional enemies for decades. The two attacked each other in a 12-day war in June, roiling crypto and other markets.

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September 16, 2025 0 comments

Crypto Trends

Tether unveils U.S-regulated stablecoin USAT, with Bo Hines as CEO

by admin September 15, 2025

Tether has announced the planned launch of its U.S.-regulated stablecoin USAT, with Bo Hines, former digital assets advisor to President Donald Trump, as head of the project.

Summary

Tether plans to unveil its U.S.-regulated stablecoin USAT later this year.
Bo Hines, who joined Tether in August 2025, will be the chief executive officer of Tether USAT.

Tether said on Sept. 12 that it planned to issue USAT as a regulated, dollar-backed stablecoin for the U.S. market, and that Bo Hines would become its first chief executive officer.

Unveiling of USAT and Hines appointment as CEO positions Tether UAST as a project that boasts “transparent reserves, strong governance, and American leadership from day one,” the company said in the press release.

USAT will comply with the GENIUS Act, the stablecoin legislation that recently became law in the United States. GENIUS targets stablecoin issuance and supports adoption across the U.S., with digital asset innovation central to the shift in approach to financial regulation regarding crypto.

“I am honored to lead USAT as we prepare for its launch, creating a U.S.-regulated dollar-backed stablecoin designed to strengthen America’s role in the global economy,” said Bo Hines. “By building USAT with compliance, transparency, and innovation at its core, we are ensuring that the dollar remains the foundation of trust in the digital asset space.”

Tether will tap into federally regulated crypto bank Anchorage Digital as the token issuer. Meanwhile, Cantor Fitzgerald is set to be USAT’s reserves manager. USAT launch is targeted for rollout in late 2025.

Compliance key to Tether growth

Tether’s upcoming entry into the U.S.-regulated stablecoin market will see it battle for traction alongside key players such as Circle, Ripple and World Liberty Financial. Hines joined Tether in August, with the company announcing he would lead its U.S. expansion efforts.

Making inroads as a compliant stablecoin also means no major uncertainty as that which befell Tether’s flagship product – the USDT (USDT) as European Union’s Markets in Crypto Assets rules came into effect in December 2024. Compliance across the U.S. means Tether could eye public listing in the country.

USDT is the world’s largest stablecoin, with a market capitalization of over $169 billion. Usage across the globe sees its daily transaction volumes exceed those of many traditional finance giants, including credit card and remittance providers.

Meanwhile, Tether Group’s footprint as a crypto company saw it net over $13 billion in profits in 2024, and it is currently one of the largest holders of U.S. Treasuries. According to recent details, Tether has outpaced Germany, South Korea, and Australia to rank 18th on the list of leading U.S. Treasuries holders.

Commenting on Tether’s growth, CEO Paolo Ardoino said:

“Today, with the introduction of USAT and Bo Hines’s appointment as future CEO of Tether USAT, we are taking the next natural step, bringing that same strength to the U.S. under a world-leading U.S.-regulatory framework.”

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September 15, 2025 0 comments

GameFi Guides

Tether Launches New U.S. Stablecoin, USAT, Tapping Bo Hines as CEO

by admin September 14, 2025

Tether, the company behind the world’s largest stablecoin, USDT, today unveiled a new U.S.-regulated stablecoin called USAT, designed specifically for the American market. The announcement, made during an event in New York City, also revealed the appointment of Bo Hines as the future CEO of Tether’s new American division.

The move comes amid a period of significant growth for the stablecoin sector, which has seen its total market capitalization expand from $208 billion to $287 billion this year. This expansion has been supported by new regulatory clarity, including the passage of the GENIUS Act in mid-July. The law, signed by President Donald Trump, establishes a federal framework for stablecoin issuers.

USAT is designed to be fully compliant with the new GENIUS Act. Tether has partnered with federally regulated crypto bank Anchorage Digital, which will serve as the token’s issuer. Cantor Fitzgerald will manage the reserves, ensuring the stablecoin is backed 1:1 by the U.S. dollar with disclosed reserves, a critical component of the new regulatory standards.

“For over a decade, Tether – as the creator of the stablecoin industry – has issued USD₮, the backbone of the digital economy, and today the U.S dollar stablecoin for hundreds of millions of underserved people living in emerging markets, proving that digital assets can deliver trust, resilience, and freedom on a global scale. Today, with the introduction of USA₮ and Bo Hines’s appointment as future CEO of Tether USA₮, we are taking the next natural step, bringing that same strength to the U.S. under a world-leading U.S.-regulatory framework,” said Paolo Ardoino, CEO of Tether.

According to Ardoino, the motivation behind the new stablecoin is to bring the benefits of digital dollars to the U.S., the world’s most prominent financial market. While Tether’s existing USDT stablecoin has a market cap of $169 billion and is widely used in emerging markets, USAT is being framed as a product tailored for U.S. businesses and institutions.

Bo Hines, CEO-Designate of Tether USA₮, a lawyer and former director of the White House Crypto Council, will lead the new U.S. entity. In a statement, Hines expressed, “I am honored to lead USA₮ as we prepare for its launch, creating a U.S.-regulated dollar-backed stablecoin designed to strengthen America’s role in the global economy,” he added,. “By building USA₮ with compliance, transparency, and innovation at its core, we are ensuring that the dollar remains the foundation of trust in the digital asset space.”

Also Read: OKX and Tether Join Forces to Simplify Cross-Chain USDT Transfers

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September 14, 2025 0 comments

Crypto Trends

Tether Coming to America: Reveals ‘US-Regulated’ USAT Stablecoin, With Its Own CEO

by admin September 13, 2025

Stablecoin giant Tether furthered its push into the United States on Friday, announcing a previously teased U.S.-specific stablecoin designed to comply with new laws.

The token project, dubbed USAT, will be led by Bo Hines, former executive director of the White House’s digital assets working group. Hines will serve as USAT’s CEO from Charlotte, North Carolina, where he and his family are based. Hines left the Trump administration last month, and immediately signed on as Tether’s strategic advisor for U.S. policy.

The token will be issued by Anchorage Digital and is expected to launch by the end of this year. USAT will be headquartered in Charlotte, Hines confirmed to Decrypt, with an office that will likely feature a “lean” team.

Anchorage Digital will be a shareholder in the new U.S. company operating USAT, Tether CEO Paolo Ardoino said.

Tether invented the stablecoin. Now we’re bringing it home 🇺🇸

Meet USA₮ — the digital dollar for creators, earners, and everyone left behind. Made for America. Fast. Borderless.

Tether is powering digital dollars for the next generation.

Coming soon.. pic.twitter.com/1ANlhR1oqR

— USAT (@USAT_io) September 12, 2025

Ardoino previously told Decrypt at the White House in July that the company intended to create a U.S.-specific stablecoin, which will cater to different use cases than USDT, the company’s flagship stablecoin.

“We have built the most popular distribution channel for the United States, but also for the United States to reach the world,” Ardoino said Friday. “With USAT and USDT together… we can [bring financial services] to the rest of the world and also the underserved communities in the United States.”

For years, Tether has avoided a major U.S. presence. Its $170 billion stablecoin USDT token has not yet had its reserves audited by a Big Four firm, and the token has also faced criticism in the past for its use in criminal activity. Tether, handily the largest stablecoin issuer in the world, is currently headquartered in El Salvador.

In the wake of Donald Trump’s re-election last year, though, the company has aggressively pushed to establish itself stateside and openly compete with rival firms pitching themselves as more regulatory-compliant Tether alternatives.

The company is intimately connected with U.S. Commerce Secretary Howard Lutnick, a major Tether booster. Lutnick’s Wall Street firm, Cantor Fitzgerald, says it custodies billions of dollars worth of U.S. Treasuries backing USDT.

Following the passage of the GENIUS Act in July—which for the first time established a legal framework for issuing and trading stablecoins in the United States—Tether CEO Ardoino told Decrypt the company intends to make USDT compliant with the new law, and thus accessible in the U.S. market.

Compliance would involve obeying stringent U.S. anti-money laundering laws and undergoing intricate audits. Ardoino said he fully intends to have USDT meet those standards.

On Friday, Ardoino doubled down on Tether’s commitment to get USDT greenlit in the United States via the GENIUS Act’s pathway for foreign issuers.

When asked by Decrypt what the difference in appeal will be between USAT and USDT, if both tokens are eventually made available in U.S. markets, Ardoino said Friday that USAT will be designed as an “America-first” product branded to speak to the needs of U.S. users. USDT, which is established in the global market, will serve as “the distribution channel for USAT abroad,” he added.

Ardoino specifically pushed back on the prospect, however, of USAT or its partners offering yield to holders, similar to rival stablecoin issuer Circle’s lucrative arrangement with Coinbase.

“We’ll see,” Ardoino said of such plans, “But I’m not a huge fan of that part of the stablecoin business, because I think it will make stablecoins less sustainable.”

He elaborated that Tether uses the yield it generates on its massive U.S. Treasury reserves to invest in the company’s distribution channels, which he said are unparalleled and key to Tether’s dominance.

“Sharing the yield is done by our competitors because they don’t own the distribution network,” he said, “but we own the distribution network, and we still believe we can bring the same utility and same returns to users through different means that are more established [and] crypto-native.”

The company announced the news today at a spy museum in midtown Manhattan. The event, decked out with patriotic Tether paraphernalia and American flags, was attended by prominent D.C. movers and shakers including Hines’ White House successor Patrick Witt, chair of the House Financial Services Subcommittee on Digital Assets Rep. Bryan Steil (R-WI), former GOP Speaker of the House Kevin McCarthy, and numerous prominent industry lobbyists.

On Friday, Ardoino also teased Tether’s other endeavors, including expanding its Bitcoin mining capabilities.

“Tether is going to become the biggest Bitcoin miner in the world by the end of this year,” he said.

Editor’s note: This story was updated after publication to add comments from Ardoino and Hines along with further details.

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September 13, 2025 0 comments

NFT Gaming

Tether Announces US Stablecoin Launch, Appoints Ex-Trump Advisor As CEO

by admin September 12, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Tether, the USDT issuer, is making big changes to its operations, adding Bo Hines, a former crypto advisor to President Donald Trump, as CEO of its American division and launching a new dollar-pegged cryptocurrency designed specifically for US institutions.

Tether’s New USAT Token

Hines, who previously led the Presidential Council of Advisors for Digital Assets, began advising Tether in August, following a brief tenure at the White House. Under his leadership, Tether US will be headquartered in Charlotte.

In conjunction with Hines’s appointment, the stablecoin issuer is introducing a new token called “USAT,” which will operate under the recently signed GENIUS Act, which aims to provide a new regulatory framework for the fast-growing stablecoin sector in the country.

While the firm’s USDT, the largest stablecoin by trading volume, continues to serve global markets, USAT is specifically designed to cater to businesses and institutions that require compliance with US regulations.

The launch of USAT will utilize Tether’s proprietary tokenization platform, Hadron. Anchorage Digital will serve as the issuer of USAT, while Cantor Fitzgerald has been designated as the reserve custodian and preferred primary dealer.

Paolo Ardoino Highlights USAT Token’s

Tether’s CEO, Paolo Ardoino, emphasized the importance of the firm’s new USAT token, highlighting its role in building trust and improving accessibility in the digital economy. Ardoino added:

For over a decade, Tether – as the creator of the stablecoin industry – has issued USDT, the backbone of the digital economy, and today the US dollar stablecoin for hundreds of millions of underserved people living in emerging markets, proving that digital assets can deliver trust, resilience, and freedom on a global scale

Ardoino reiterated Tether’s dedication to ensuring the dollar remains central in the digital age, stating, “USAT is our commitment to ensuring that the dollar not only remains dominant, but thrives.”

The daily chart shows the total market cap surge near the $4 trillion mark. Source: TOTAL on TradingView.com

Featured image from DALL-E, chart from TradingView.com

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September 12, 2025 0 comments

Crypto Trends

OKX and Tether Join Forces to Simplify Cross-Chain USDT Transfers

by admin September 9, 2025

OKX has launched USDT0, a unified version of Tether’s USDT, across its entire platform. The update is now live on X Layer, which is OKX’s Ethereum Layer 2 network, as well as its wallet and exchange. It aims to simplify stablecoin transactions and boost liquidity, the company announced on X.

DeFi just leveled up.

In partnership with @Tether_to, USDT0 — the unified liquidity protocol for USDT, the world’s largest stablecoin — is now live on X Layer, OKX, and Wallet.

✅ One USDT across 12+ chains incl. Arbitrum, Optimism, Unichain, & Polygon.

Read:… pic.twitter.com/DvEFwwt5o5

— OKX (@okx) September 9, 2025

With this latest update, OKX clients now have a convenient way to deposit and withdraw USDT0 directly. It enables them to enjoy a more rich and combined liquidity pool on over 12 major chains such as Arbitrum, Optimism, Polygon, Berachain, and Unichain.

A New Era for DeFi and Stablecoins

In an explanation, OKX said that USDT0 is driven by LayerZero’s Omnichain Fungible Token (OFT) standard, where all trades are verifiably settled and 1:1 backed by canonical USDT.

Furthermore, it eliminates wrapped tokens and perilous bridging solutions. Hence, it is a more secure and efficient way of transferring stablecoins between decentralized finance (DeFi) networks.

The integration allows instant settlements and direct liquidity flows between OKX’s centralized exchange and decentralized markets. Besides, it boosts the speed of cross-rollup transactions while reducing friction for traders and developers.

Star Xu, OKX’s founder and CEO, described X Layer as “The New Money Chain and a foundation for seamless, stable, and interoperable value exchange.” He added, “By partnering with Tether to bring USDT0 to X Layer and other chains, we’re empowering customers with stable omnichain liquidity.”

Rapid Growth and Future Expansion

Since its launch, USDT0 has processed over $11.3 billion in bridge volume through more than 251,000 cross-chain transfers, making it the most active OFT in the LayerZero ecosystem.

Lorenzo R., USDT0 co-founder, emphasized its impact: “Stablecoins are becoming the backbone of on-chain finance. With USDT0 live on OKX and X Layer, millions can tap into unified liquidity.”

Additionally, Tether plans to launch USDT on RGB, a new protocol that expands Bitcoin’s role beyond a store of value. This shows the growing vision for stablecoins to power the next generation of global finance.

Also Read: Plasma Hires Senior Staffs After $373M Raise Ahead of Mainnet

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September 9, 2025 0 comments

Crypto Trends

Tether CEO Lists 3 Assets for ‘Dark Times,’ Bitcoin Mentioned

by admin September 9, 2025

Tether CEO Paolo Ardoino issued an unconventional message this Tuesday, writing that “Bitcoin, Gold and Land are the hedge against incoming darker times.” This grim remark carries weight not just because of who said it but because the backdrop for global markets is now what may be called bright.

Fresh U.S. data shows employment for March 2025 was revised down by 911,000 jobs, a huge miss that reshapes the outlook for monetary policy.

What about Tether?

Tether, though, is quite well prepared, judging by Ardoino’s playbook. As of June 30, 2025, the company reported $162.57 billion in assets, dominated by $105.5 billion in U.S. Treasuries, but also holding $8.72 billion in precious metals and $8.93 billion in Bitcoin.

Tether Eyes Gold Mining As New Frontier For Crypto Profit Deployment

by admin September 6, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Tether, the issuer of the market’s largest stablecoin by trading volume, USDT, is reportedly in discussions to invest in gold mining. The company aims to channel its substantial cryptocurrency profits into the metals market.

According to a recent Financial Times report, Tether is exploring opportunities across the entire gold supply chain, including mining, refining, trading, and royalty companies.

Gold As Foundational Asset

Paolo Ardoino, Tether’s CEO, has expressed a strong affinity for gold, referring to it as “natural Bitcoin.” In a speech earlier this year, he articulated a perspective that contrasts with the common view of Bitcoin as “digital gold,” instead emphasizing that gold represents “a foundational asset.”

Per the report, Tether’s interest in gold has surprised many within the traditional mining sector, raising questions about the company’s strategy and its potential for success.

One mining executive remarked on Tether’s unconventional approach, suggesting that while the company appreciates gold, it lacks a clear strategy for navigating this established industry.

As one of the most profitable entities in the cryptocurrency space, Tether boasts a market capitalization of $168 billion. The company generated $5.7 billion in profits in the first half of this year and is also known as one of the largest holders of US Treasuries, earning interest from these investments to support its stablecoin.

Tether has already made significant strides in the gold market, holding $8.7 billion worth of gold bars in a Zurich vault, which serves as collateral for its stablecoin issuance.

Blue Gold Joins Tether In Bridging Crypto And Gold Markets

Recently, Tether Investments, the arm responsible for managing the company’s profits, acquired a minority stake in the gold royalty company Elemental Altus for $105 million. This investment was complemented by an additional $100 million infusion into Elemental following its merger with rival EMX.

Juan Sartori, who leads business initiatives at Tether, told the Financial Times that these investments are part of a broader strategy to enhance the company’s exposure to gold.

In addition to its investments in gold royalties, the crypto company has also engaged in discussions with Terranova Resources, a gold mining investment vehicle based in the British Virgin Islands, although no deal has materialized.

The stablecoin issuer’s foray into gold also includes the XAUt token, a cryptocurrency backed by physical gold, though its market presence is relatively modest compared to USDT.

The report highlights that other firms, such as Blue Gold, are also exploring the intersection of cryptocurrency and gold. The gold mining company plans to introduce digital tokens linked to its future gold output, reflecting a belief that gold-backed tokens could gain global traction.

The daily chart shows the total crypto market cap valuation at $3.84 trillion. Source: TOTAL on TradingView.com

Featured image from DALL-E, chart from TradingView.com

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September 6, 2025 0 comments