Stablecoin giant Tether backs Ledn, targets global crypto lending

Tether has significantly increased its gold reserves to 116 tons, positioning itself as a major player in the gold market, comparable to small central banks. This development highlights Tether's growing influence in the financial sector, particularly in the context of cryptocurrency.

Tether is expanding its presence in Latin America through the acquisition of Parfin, a regional digital asset custody platform. This move is part of Tether's strategy to enhance its services and reach within the growing cryptocurrency market in the region.

Tether has announced its support for Parfin to enhance the adoption of USDT among institutional investors in Latin America. This investment aims to expand Parfin's onchain settlement tools and strengthen the existing stablecoin infrastructure, which is already facilitating institutional crypto use in the region.

Tether has announced its support for Parfin to enhance the adoption of USDT among institutional investors in Latin America. This investment aims to expand Parfin's onchain settlement tools and strengthen the existing stablecoin infrastructure, which is already facilitating the use of cryptocurrencies in the region.

Tether has invested in Parfin, a cryptocurrency infrastructure firm in Latin America, to enhance the adoption of its stablecoin USDT among institutional investors. This investment is part of Tether's strategy to expand stablecoin settlement and tokenization tools across the region.

Michael Saylor, chairman of Strategy, has dismissed claims that Wall Street negatively impacted Bitcoin during its recent price crash. He stated that Bitcoin has become significantly less volatile despite the downturn, which contradicts the views of many crypto analysts who attribute the price drop to various market factors.

Michael Saylor, the chairman of Strategy, has dismissed claims that Wall Street has negatively impacted Bitcoin during its recent price crash. He stated that Bitcoin has become significantly less volatile, despite the current downturn, which contradicts the views of many crypto analysts who attribute the price drop to various market factors. Saylor's comments highlight a divergence in perspectives regarding Bitcoin's stability and future potential.

Tom Lee, co-founder of Fundstrat, predicts that Ethereum is nearing a cyclical low, suggesting that it may bottom this week. He attributes the current price drawdown to a broader correction in the cryptocurrency market that began after a liquidation event on October 10. Despite the downturn, Lee maintains that Ethereum's fundamental investment narrative remains strong, particularly as it serves as a neutral infrastructure for tokenization and stablecoins, which are gaining traction among institutional investors.