Tether Backs Abu Dhabi Tokenization Startup Kaio With $8M Investment

Tether buys Antalpha’s shares for an 8.2% stake; the chairman has voting and disposal rights

According to the Schedule 13D filing submitted to the U.S. Securities and Exchange Commission (SEC) on April 20, Tether holds 1,950,000 shares of the Bitcoin mining financial platform Antalpha through affiliated entities, representing a 8.2% ownership stake. Tether chairman Giancarlo Devasini has voting and disposition rights over the aforementioned shares.

KAIO Raises $8M in Strategic Funding Led by Tether

KAIO, a tokenization firm regulated in Abu Dhabi, secured $8 million in funding led by Tether, bringing total funding to $19 million. The company offers blockchain infrastructure for asset management and aims to expand into new products, managing about $100 million in assets.

Tether Holds 8.2% Stake in Bitcoin Mining Finance Firm Antalpha Following $49.3M IPO

Tether and CEO Giancarlo Devasini own 1.95 million shares (8.2%) in Bitcoin mining finance company Antalpha, which raised $49.3 million in its IPO. Antalpha offers Bitcoin-collateralized lending and has a $1.6 billion loan portfolio.

BIS calls for globally coordinated stablecoin regulation: warns that Tether and Circle account for 85% of those showing “security-like characteristics”

The Bank for International Settlements (BIS) once again emphasized the importance of global stablecoin regulatory coordination, pointing out three major risks that stablecoins face at this stage, including regulatory challenges related to cross-border flows and issues with market concentration. BIS proposed a unified ledger framework and argued that central banks need to lead the development of digital currencies, which would pose challenges to existing stablecoin issuers such as Tether and Circle. Overall, in the future, stablecoins may face a more stringent regulatory framework.

Tether: USDT transfer resumed, suspension during the rsETH incident investigation has been lifted

Tether and the LayerZero team’s all-chain stablecoin project USDT0 posted on the X platform on April 20. The USDT0 transfer function has been restored to normal, and overall system integrity has not been affected. There has been no change in risk exposure, and all transactions in progress prior to the suspension have been settled. Previously, USDT0, for precautionary purposes, paused the USDT0 OFT cross-chain bridge infrastructure during the rsETH incident investigation.

Fellowship PAC Secures $10M from Cantor Fitzgerald, Tether Executive Appointed Chairman

Crypto Political Action Committee Fellowship PAC releases its first FEC donation disclosure, showing that Cantor Fitzgerald donated $10 million and has a business connection with Tether. Fellowship PAC supports six Republican candidates and paid $4.5 million to NXUM Group for advertising promotion.