Global #Tether

In a significant development for Web3 technologies, Myco has announced a strategic partnership with Aptos, aimed at decentralizing digital streaming. As part of this collaboration, Myco will migrate its infrastructure to the Aptos blockchain and introduce its native utility token in early Q4 of this year.

Tether, a leading stablecoin issuer, has announced its plans to launch a new stablecoin pegged to the United Arab Emirates Dirham (AED).

In a striking move, Tether Treasury has minted $1 billion USDT on Ethereum and transferred $183.2 million USDT to Cumberland for exchange deposits over the past 13 hours, as reported by SpotOnChain on X.

Brock Pierce, a key figure in the cryptocurrency realm and co-founder of Tether, is currently navigating a storm of legal challenges. Tether, the issuer of the widely used stablecoin USDT, is preparing to defend itself against a high-stakes lawsuit filed by Celsius Network, the now-bankrupt crypto lender.

Tether Limited, the issuer of the USDT stablecoin, has responded to a lawsuit filed by Celsius Network Limited, branding it as “baseless” and a “meritless shakedown.”

In a recent discussion, Paolo Ardoino, Tether's CTO, reiterated his strong preference for Bitcoin over Ethereum, underscoring the distinctive qualities he believes set Bitcoin apart. Ardoino’s stance reflects a broader debate within the cryptocurrency community about the comparative merits of these two major digital assets.