Tether
Tether business and news from across the web.
Latest coverage
Treasury widens Iran crypto crackdown with sanctions on two more exchanges
The U.S. Treasury has expanded its sanctions against Iran's cryptocurrency activities, designating Shelbit Exchange and Aban Tether for allegedly facilitating illicit financial transactions. These entities are accused of helping Iran move funds beyond conventional banking systems, with Shelbit linked to over $2 million in transactions involving the Islamic Revolutionary Guard Corps. The Treasury aims to dismantle these networks, highlighting that while blockchain offers an alternative for sanctioned states, it also leaves a traceable record.
Tether Plants Its Tokenization Flag in Saudi Arabia, Beginning With Property
Tether's tokenization platform, Hadron, is launching in Saudi Arabia to issue and administer tokenized real estate assets for institutional investors. The company has partnered with First Data and BKN301 for this initiative, with plans to expand into energy and infrastructure finance later. This move aligns with Saudi Arabia's Vision 2030 economic diversification strategy, which encourages enterprise blockchain deployment.
Tether will launch an 'official' stablecoin in Georgia tied to local currency
Tether is launching an official stablecoin in Georgia named GELT, which will be pegged to the Georgian Lari. This move aims to integrate cryptocurrency with local fiat currency.