Russian-linked crypto wallets channel $8B to skirt sanctions using Tether’s USDT

SoftBank and Ark Invest are reportedly in talks to join Tether's significant funding round, aiming to raise between $15 billion and $20 billion for a 3% equity stake. This move could elevate Tether's valuation to $500 billion, highlighting the growing interest in stablecoins and their potential impact on the cryptocurrency market. Such investments not only bolster Tether's financial standing but also signal confidence from major players in the future of digital currencies.

Softbank and Cathie Wood's Ark Invest are reportedly among the potential investors in Tether's latest fundraising efforts. This development is significant as it highlights the growing interest from major financial players in the cryptocurrency space, particularly in stablecoins like Tether. Such investments could bolster Tether's position in the market and enhance its credibility, which is crucial for the overall stability of the crypto ecosystem.

SoftBank and ARK Invest are reportedly in talks to participate in Tether's multibillion-dollar funding round, highlighting a growing institutional interest in stablecoins. This move could significantly reshape the crypto landscape and enhance Tether's influence in the market. As more major players consider investing in stablecoins, it signals a shift in how cryptocurrencies are perceived and utilized, potentially leading to greater adoption and innovation in the sector.

Plasma's XPL token has made headlines by reaching a remarkable $2.5 billion market cap, largely fueled by its recent partnership with Tether. This surge highlights the growing interest in stablecoin infrastructure among traders, indicating a shift in market dynamics. As stablecoins become more integral to the cryptocurrency ecosystem, Plasma's success could pave the way for further innovations and partnerships in the space.

Elliptic has raised alarms about a surge in industrial-scale pig butchering scams that are using cryptocurrency for laundering. This is significant because it highlights the growing sophistication of fraudsters who exploit digital currencies to hide their illicit activities, posing risks to investors and the integrity of the crypto market.

Venezuela is shifting its financial disbursements to USDT as the country faces a significant dollar shortage. This move is crucial as it highlights the ongoing economic challenges Venezuela is experiencing and the government's attempts to adapt to the changing financial landscape. By utilizing USDT, a stablecoin, Venezuela aims to stabilize its transactions and mitigate the impact of the dollar drought, which could have broader implications for its economy and international trade.

Tether is reportedly aiming for a $500 billion valuation, which would surpass Bank of America. This ambitious goal raises questions about the stability of the cryptocurrency market, as even a minor depeg could trigger significant volatility, potentially shaking the market 39 times harder. Understanding Tether's position is crucial for investors and stakeholders in the crypto space, as it highlights the delicate balance between growth and risk in this rapidly evolving financial landscape.

Tether has appointed Benjamin Habbel, a former Google executive, as its new Chief Business Officer. With his extensive experience in AI and digital infrastructure from both Google and Limestone Capital, Habbel is expected to bring innovative strategies to Tether. This leadership change is significant as it reflects Tether's commitment to enhancing its business operations and adapting to the evolving digital landscape.

Tether, a major player in the cryptocurrency market, is reportedly in talks to raise between $15-20 billion in a private equity round, which could value the company at nearly $500 billion. This potential valuation would place Tether among the world's most valuable private firms, alongside tech giants like OpenAI and SpaceX. This news is significant as it highlights the growing legitimacy and financial strength of cryptocurrency companies, potentially attracting more investors and boosting the overall market.

Tether, a leading player in the stablecoin market, is making headlines as it seeks to significantly boost its capital, aiming for a staggering $500 billion valuation. This move is crucial not only for Tether's growth but also for the broader cryptocurrency ecosystem, as it could enhance stability and trust in digital currencies. Investors and users alike are watching closely, as this could reshape the landscape of digital finance and solidify Tether's position at the forefront of the industry.

Tether is making headlines as it seeks to raise $20 billion from investors, potentially boosting its valuation to nearly $500 billion. This ambitious move could place Tether alongside tech giants like OpenAI and SpaceX, highlighting its growing influence in the financial sector. The capital raise, which involves selling about 3% of its stake through private deals, reflects the increasing interest in digital currencies and their market potential.

The U.S. Commodity Futures Trading Commission (CFTC) is considering allowing stablecoins to be used as collateral in derivatives markets, which could be a game changer for the industry. If this plan goes through, stablecoins like $USDC and $USDT will be treated similarly to cash or US Treasurys, enhancing their legitimacy and utility. This development is particularly beneficial for Best Wallet and its $BEST token, as it opens up new opportunities for growth and adoption in the financial ecosystem.

BounceBit Prime has achieved a significant milestone by surpassing $1.5 billion in cumulative volume, largely thanks to the support from Franklin Templeton's Benji token. This achievement is notable as it reflects growing confidence in the platform, especially with its vault reaching a total value locked of $10 million. Such developments are crucial in the ever-evolving cryptocurrency landscape, indicating a positive trend for investors and users alike.

SoftBank and Ark Invest are reportedly in talks to join Tether's significant funding round, aiming to raise between $15 billion and $20 billion for a 3% equity stake. This move could elevate Tether's valuation to $500 billion, highlighting the growing interest in stablecoins and their potential impact on the cryptocurrency market. Such investments not only bolster Tether's financial standing but also signal confidence from major players in the future of digital currencies.

Cango has successfully mined 141 Bitcoin this week, bringing its total holdings to an impressive 5,708 BTC as of September 26. This achievement is a significant step in their 2025 strategy, showcasing their commitment to expanding their cryptocurrency portfolio. The rise in Bitcoin holdings not only reflects Cango's operational success but also highlights the growing importance of cryptocurrency in the financial landscape.

The UK is embarking on an exciting new chapter in banking and digital payments with the launch of a two-year pilot program for a digital pound. UK Finance, representing over 300 financial institutions, is spearheading this initiative alongside six major banks, including Barclays and HSBC. This pilot aims to test tokenized deposits in pounds, which could revolutionize how we think about money and transactions. It's a significant step towards modernizing the financial landscape and could enhance the efficiency and security of payments in the UK.

SWIFT has launched an exciting blockchain test run with major global banks like BNY Mellon and BNP Paribas, aiming to migrate its core messaging system to ConsenSys' Ethereum layer-2, Linea. This initiative is significant as it showcases the growing adoption of blockchain technology in traditional banking, potentially enhancing transaction efficiency and security. As financial institutions explore innovative solutions, this collaboration could pave the way for a more interconnected and modern banking system.

Bitcoin and several major altcoins are attempting to initiate a recovery, but analysts suggest they may face considerable selling pressure as prices rise. This situation is crucial for investors to monitor, as it could indicate the market's overall health and potential future trends.