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Finance

Tether invests in fintech firm LemFi to expand USDT remittances in emerging markets

Tether is investing in fintech platform LemFi to expand remittances in emerging markets. LemFi plans to introduce USDT into payment systems where it operates and replace parts of traditional interbank remittance processes with stablecoin and blockchain-based settlement. The companies aim to speed up cross-border transfers and reduce operating costs. Tether CEO Paolo Ardoino said the investment reflects a shared vision prioritising speed, cost and transparency in moving funds across borders.

Crypto

Tether files trademark applications for name and logo in South Korea

Tether, the world’s largest stablecoin issuer, has filed multiple trademark applications in South Korea, including for its corporate brand and gold-linked stablecoin Tether Gold (XAUT). The move comes as discussions advance on tightening stablecoin rules, including possible requirements for foreign issuers to set up local branches. Rival Circle has also stepped up outreach in Korea and expanded platform partnerships. The domestic market is seen as large, though the regulatory framework is still unsettled.

Crypto

Trump targets banks at private event attended by Tyson, Tether CEO, backs crypto bill

U.S. President Donald Trump criticised banks for blocking cryptocurrency legislation at a closed-door event at his Mar-a-Lago club in Florida, CoinDesk reported. The gathering was held for hundreds of top holders of the meme coin Official Trump (TRUMP). Trump said he would not let the banking sector derail a digital asset market clarity and market structure bill. Attendees included Tether CEO Paolo Ardoino and others.