Tether CEO Paulo Ardoino and Circle CEO Jeremy Allaire expressed their readiness to comply with the newly signed GENIUS Act, which connects stablecoins to the U.S. financial system. Ardoino outlined Tether's plans to adjust its operations to meet new auditing standards and develop a U.S.-centric stablecoin aimed at institutional users, while Allaire emphasized Circle's commitment to transparency and trust in response to the evolving regulatory landscape.

Tether is set to launch a new stablecoin specifically for the US market, a move that follows recent regulatory support from former President Trump. This decision aims to cater to the growing demand for stable digital currencies while ensuring compliance with US regulations.

The article discusses the recent minting of Tether (USDT) and its potential impact on Bitcoin's price. It explores the correlation between USDT issuance and Bitcoin market movements, suggesting that increased liquidity from USDT could drive Bitcoin prices higher. Key metrics and market sentiment are analyzed to understand this dynamic better.

Tether is looking to raise between $15 billion and $20 billion through a private placement, aiming for a valuation of around $500 billion. The fundraising, confirmed by CEO Paolo Ardoino, will focus on expanding Tether's business lines, including stablecoins and artificial intelligence, while positioning the company alongside major players like OpenAI and SpaceX.

South Korea's major banks, including Shinhan, Hana, KB Financial, and Woori Bank, are set to meet with Tether and Circle to discuss potential partnerships in stablecoin distribution and the issuance of a won-pegged stablecoin. These meetings are part of President Lee Jae Myung's initiative to establish a stablecoin market in the country following his election campaign promises.

Tether has increased its ownership stake in the Italian football club Juventus to 10% as part of a strategic investment move. This decision is aimed at strengthening Tether's presence in the sports sector and expanding its brand visibility through partnerships with sports entities.

Tether is in discussions to raise between $15 billion and $20 billion in a private placement, potentially valuing the company at approximately $500 billion. The valuation will depend on the percentage of equity offered, with the company's CEO indicating the involvement of select high-profile investors.

The article discusses allegations of fraud surrounding Tether, a prominent stablecoin, highlighting concerns over its reserves and transparency. Various sources and experts weigh in on the potential implications for the cryptocurrency market and regulatory scrutiny that Tether may face.