Mobile payment app Oobit has expanded to the Philippines, enabling users to receive remittances as USDT and spend them instantly at major retailers. The service bridges crypto and traditional commerce for faster, cheaper cross-border payments.
Tether CEO Paolo Ardoino has reaffirmed the reliability of USDT while commenting on the instability of other depegged stablecoins, emphasizing Tether’s reserves and risk management as key differentiators.
The stablecoin market has reached a record market capitalization, led by dominant growth from USDT, USDC, and the newcomer USDe. This surge highlights increasing demand for dollar-pegged digital assets.
Stablecoin giant Tether is pursuing a $15-20 billion capital raise that could value the company at nearly $500 billion, rivaling OpenAI and SpaceX. The USDT issuer reported $4.9 billion in quarterly profits while planning a return to US markets.
Tether created $1 billion in new USDT tokens on Ethereum after the Federal Reserve’s interest rate reduction, potentially boosting crypto market liquidity and Ethereum-based project activity.
Amidst soaring inflation rates hitting 229%, Venezuelans are increasingly turning to the USDt stablecoin for daily financial transactions, transitioning from the rapidly devaluing national currency, the Bolívar. This shift highlights the growing reliability of digital currencies in destabilized economic climates.
Tether’s Q2 2025 financial results reveal the stablecoin issuer now ranks as the 18th largest holder of US Treasury securities worldwide, surpassing major sovereign wealth funds.
A massive 200M USDT transfer from HTX to Aave marks one of the largest DeFi deposits, signaling growing institutional confidence in decentralized finance.
Tether will cease USDT support on five blockchains including EOS starting September 1, 2025, while Strategy’s cryptocurrency holdings reach $70 billion and Solana’s Kamino Finance surpasses $4 billion TVL.
DRML Miner has introduced a zero-cost USDT cloud mining service offering daily payouts and referral bonuses, potentially revolutionizing passive crypto income opportunities.
