Tether to Invest More Than $1 Billion in Deals Over Next Year

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The investment arm of cryptocurrency company Tether Holdings Ltd. expects to pour more than $1 billion into deals over the next 12 months, according to Chief Executive Officer Paolo Ardoino.

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Tether Acquires $100 Million Stake in US-Listed Bitcoin Miner BitdeerStablecoin issuer Tether Holdings Ltd. has acquired a $100 million stake in Bitdeer Technologies Group, the US-listed Bitcoin miner owned by Chinese billionaire Jihan Wu, with an option to purchase an additional $50 million in shares within a year.
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Kraken ‘Actively Reviewing’ Tether’s Status Under New EU RulesKraken is “actively reviewing” plans that may include removing support for the world’s most-traded cryptocurrency on its exchange in the European Union, under a new regime for digital assets that’s set to take effect in the bloc in July.
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