2025-5-17 23:00 |
Tinian passed a law to issue MUSD, becoming the first U. S. public entity to launch a government-backed stablecoin. The stablecoin will be pegged 1:1 to USD and backed by cash and U. S. Treasury The post Northern Mariana Islands issues 'first U. origin »
|
The Northern Mariana Islands, a U.S. territory in the Pacific, has passed legislation allowing its island of Tinian to issue a government-backed stablecoin. On May 15, lawmakers in the Northern Mariana Islands House voted 14-2 to override Governor Arnold Palacios’…
2025-5-16 12:15 | |
|
|
Northern Data AG is exploring the sale of its Peak Mining unit to refocus on artificial intelligence solutions. Northern Data, a German-listed crypto and artificial intelligence infrastructure company backed by stablecoin issuer Tether, announced on Monday that it is exploring…
2024-10-21 14:16 | |
|
|
Amid efforts to go public, Northern Data faces accusations of fraud from former executives who allege they were ousted for whistleblowing. European Bitcoin mining giant backed by stablecoin issuer Tether, Northern Data, is embroiled in legal controversy as two of…
2024-7-6 18:06 | |
|
|
Northern Data Group says the financing will strengthen its ability to invest in “the most sophisticated hardware available.” Northern Data AG, a German company focused on Bitcoin (BTC) mining, has secured a €575 million debt financing provided by stablecoin issuer…
2023-11-2 12:45 | |
|
|
Tether, the company behind the USDT stablecoin, has made a strategic investment in Northern Data Group, a German crypto mining firm. While the exact investment amount remains undisclosed, the move is a significant endorsement of emerging technologies, particularly in the realms of artificial intelligence (AI), peer-to-peer (P2P) communications, and data storage solutions.
2023-9-22 22:05 | |
|
|
The world’s largest stablecoin is reported to have spent $420 million on 10,000 H100 GPUS from the Bitcoin miner Northern Data, according to a report in Forbes. However, a press release from Tether issued the next day stated this report…
2023-9-22 18:30 | |
|
|
Tether has made an entry into the AI space with a strategic investment in Bitcoin miner Northern Data. Media reports say Tether purchased 10,000 Nvidia H100 GPUs worth $420 million. Tether, the company behind the $83 billion stablecoin USDT, has marked its foray into the AI tech space with a strategic investment in Europe-based crypto […] The post Tether makes AI foray with huge bet on Cloud GPUs appeared first on CoinJournal.
2023-9-22 18:10 | |
|
|
Damoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud computing.
2023-9-22 18:09 | |
|
|
Stablecoin firm Tether is entering a $420 million deal involving artificial intelligence chips and an overseas Bitcoin crypto mining firm, Forbes reported on Sept. 20. Tether has not officially announced the investment.
2023-9-21 00:50 | |
|
|
Stablecoin issuer Tether has recieved a court order to produce financial records that prove the backings of its USDT. The Judge at Northern District Court New York, Katherine Polk Failla, issued the order for Tether on Tuesday upon the plaintiffs’ request to prove its reserves.
2022-9-22 12:23 | |
|
|
Facebook Exec Confirms New Stablecoin Will Be Linked To Multiple Currencies The details surrounding the upcoming GlobalCoin from Facebook have been minimal. However, when the head of financial services and payment partnerships for Northern Europe, Laura McCracken, spoke with a German business magazine this week, she said that the stablecoin would not be pegged to […]
2019-6-7 21:51 | |
|
|
CryptoQuant reports a record surge in stablecoin supply past $160B, signaling rising liquidity entering the crypto market as Bitcoin rebounds above $90K.
Ondo Finance invests $25M in Figure’s YLDS to enhance OUSG yield and power onchain liquidity, accessibility, and multi-chain tokenized finance adoption.
Key Takeaways What makes Ripple’s stablecoin RLUSD different from USDC, USDT? RLUSD is built specifically for institutional use. It’s issued through a NYDFS-regulated trust company and is designThe post Ripple's RLUSD stablecoin rollout - How is its adoption spree going? appeared first on AMBCrypto.
Stablecoins originated as crypto plumbing, tokens pegged to fiat currencies that enable traders to move in and out of volatile assets without relying on traditional banking systems. That narrow use case now sits on a market capitalization of more than $303 billion, up roughly 75% year-over-year, with Tether commanding about 56% of the market and […] The post The $300 billion backdoor threat that Europe didn’t see coming appeared first on CryptoSlate.
Brazil’s Finance Ministry is reviewing a tax on stablecoin transfers after the Central Bank reclassifies them as forex operations. The post Brazil Considers Tax on Crypto Cross-Border Payments to Close Regulatory Gap appeared first on Coinspeaker.
As per the data, Aptos experienced massive inflows of stablecoins on Saturday, pumping $528 million into its supply, indicating increased user confidence.
Key takeaways Is stablecoin issuance surging again? Circle and Tether have minted over $13. 25 billion after the recent crash. What’s the fastest-growing part of tokenization rightThe post Tokenized gold market hits $3.