Tether

Bitfinex Tether’s $1.00 tokenized bond, the ALT2611, falls short, raising only $1.5 million of its $10 million target two weeks post-launch. Bitfinex Securities had anticipated a more robust response to their innovative capital-raising approach. According to the official website, the offering period for ALT2611, initially set for a two-week target, has been extended, but only […]

Tether and Bitfinex stated in a transparency-driven decision that they will not appeal the Freedom of Information Law request made by several media. They made this choice to uphold transparency, as mentioned in their statement. Furthermore, Tether and Bitfinex have agreed to withdraw the original opposition to a Freedom of Information Law (FOIL) request filed […]

Tether, the issuer of the $84 billion USDT stablecoin, is gearing up for significant changes in its operational transparency and leadership. From December, Paolo Ardoino, Tether’s Chief Technology Officer, will take the reins as the company’s new CEO, according to the latest report. Ardoino, known for his low public profile, has emerged as the unofficial face […]