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Project Overview
Tether, the world's largest issuer of stablecoins, is a company that issues stablecoins pegged 1:1 to fiat currencies and aims to promote the digital use of fiat currencies. It currently has four divisions: Tether Data, which specializes in AI and P2P technology investments; Tether Finance, which manages stablecoin services; Tether Power, which is responsible for sustainable bitcoin mining; and Tether Edu, which promotes digital skills education.
Tether Leads $14 Million Series A Funding Round in Latin American Digital Wallet Belo
Latin American digital wallet Belo has completed a $14 million Series A funding round, led by Tether, with participation from Titan Fund, The Venture City, Mindset Ventures, and G2. The funds will be used to expand into Latin American markets including Mexico, Chile, and Colombia, and to scale stablecoin payment infrastructure deployment.Founded in 2021, Belo offers a wallet service that combines local currencies with digital dollars, currently serving over 3 million users. This investment also reflects Tether's increasing efforts to expand stablecoin payment applications in emerging markets. (CoinDesk)
BitMart to List USD.AI (CHIP)
According to an official announcement, BitMart will list USD.AI (CHIP) at 21:00 (UTC+8) on April 21. The trading pair CHIP/USDT will be available.USD.AI is a permissionless lending protocol providing financing for the AI infrastructure industry. The protocol allows GPU operators to tokenize and collateralize their hardware equipment for quick access to capital. It employs a dual-token model: USDai (a stablecoin over-collateralized by PayPal's PYUSD) and sUSDai (an interest-bearing token with a target annual yield of 10-15%, with returns sourced from GPU-backed loans). CHIP is the governance token, allowing holders to vote on protocol parameters, administrator approvals, and USD.AI Improvement Proposals (UIPs).
Tether Discloses Holding Nearly 2 Million Shares in Antalpha
Odaily News Tether disclosed in a regulatory filing that it holds 1.95 million shares in Antalpha through the company's 2025 initial public offering, representing approximately 8.2% of the post-IPO outstanding shares. Antalpha provides lending and financing solutions for the Bitcoin mining industry and is a key partner of Bitmain. Antalpha listed on Nasdaq in May 2025, raising approximately $49 million with an offering price of $12.80 per share. Tether subscribed to over half of the offered shares, becoming one of the largest investors. Its full-year 2025 revenue increased to nearly $80 million, with net profit rising to $18.5 million. However, its stock price fell over 27% this Monday, trading at around $9.30 per share.
Abu Dhabi-based tokenization firm KAIO completes $8 million strategic funding round led by Tether
According to CoinDesk, KAIO, a regulated tokenization firm based in Abu Dhabi, has announced the completion of an $8 million strategic funding round, with investors including Tether. Combined with its prior funding, KAIO’s total capital raised now stands at $19 million. KAIO primarily provides infrastructure for asset management firms to distribute funds on-chain, enabling products from institutions such as BlackRock, Brevan Howard, and Hamilton Lane to be integrated into blockchain systems. KAIO stated it plans to expand into credit, structured investment products, and ETFs, and intends to launch on-chain funds in partnership with Mubadala Capital. The company reported currently managing approximately $100 million in assets and having processed over $500 million in cumulative transactions.
Tether Holds an 8.2% Stake in Bitcoin Mining Financial Firm Antalpha
According to TheEnergyMag, Tether, the stablecoin issuer, along with several of its subsidiaries and its Chairman Giancarlo Devasini, collectively hold 1.95 million common shares of Bitcoin mining financial services company Antalpha—representing 8.2% of Antalpha’s total post-IPO share capital. Disclosure documents indicate that Antalpha raised approximately $49.3 million in its initial public offering (IPO), with a share offering price of $12.80 per share; Tether subscribed to roughly half of the issued shares. Antalpha maintains close ties with the Bitmain ecosystem and primarily offers Bitcoin-collateralized lending and financing for mining hardware supply chains. As of the end of 2024, its loan portfolio stood at approximately $1.6 billion.
Bank for International Settlements: Global coordination on stablecoin regulation is critical to preventing market fragmentation
Pablo Hernandez de Cos, General Manager of the Bank for International Settlements (BIS), stated that global coordination on stablecoin regulation is critical to preventing severe market fragmentation; otherwise, regulatory divergences across jurisdictions could trigger regulatory arbitrage. He noted that stablecoins are typically pegged 1:1 to the U.S. dollar and may undermine monetary and fiscal policy, exert stress on financial markets, and hinder efforts to combat illicit financing. Currently, the two largest stablecoins—issued by Tether and Circle—account for approximately 85% of the global $315 billion stablecoin circulating supply. He also remarked that these stablecoins resemble securities more than money—particularly in terms of redemption frictions—and operate more like ETFs.
Bitget Wallet Launches May Day QR Code Payment Campaign with Cashback up to 1,000 RLUSD per Transaction
Bitget Wallet has launched a Labor Day QR code payment campaign, running from April 28 to May 7, further driving the adoption of stablecoin payments in everyday consumption and travel scenarios across the Asia-Pacific (APAC) region. During the campaign, users who complete offline QR code payments using USDT or USDC will receive RLUSD cashback for each transaction. From May 1 to May 7, Bitget Wallet will randomly select one paying user per day to receive an additional 1,000 RLUSD cashback. To lower the barrier to first-time usage, Bitget Wallet will also airdrop XRP to eligible participants—serving as the account reserve required to activate RLUSD withdrawals. RLUSD is a compliant U.S. dollar-pegged stablecoin issued by Ripple and regulated by the New York State Department of Financial Services (NYDFS). This campaign marks Bitget Wallet’s first real-world consumer application following its integration of the XRP Ledger (XRPL) mainnet and onboarding of the RLUSD payment ecosystem at the end of March—and represents a key milestone in advancing Bitget Wallet’s Everyday Finance strategy.
Visa partners with WeFi, co-founded by former Tether CEO, to connect crypto assets via its payment network
Visa has partnered with WeFi, an on-chain banking company founded by former Tether CEO Reeve Collins, aiming to enable digital asset payments through WeFi's on-chain banking infrastructure. WeFi allows users to hold assets in self-custodial wallets and retain control of their private keys, while ensuring they can spend at any merchant that accepts Visa payments.The project will initially launch in select markets in Europe, Asia, and Latin America, with plans to expand to other regions pending regulatory approvals. WeFi CEO Maksym Sakharov stated that stablecoins will be directly embedded into the underlying infrastructure, with settlement processes handled in the background, eliminating the need for users to manually perform conversions.
Visa Partners with WeFi—Founded by Former Tether CEO—to Advance On-Chain Payments, Enabling Direct Stablecoin Spending on the Visa Network
According to The Block, Visa has partnered with WeFi—a “blockchain-based bank” founded by Reeve Collins, former CEO of Tether—to enable users to hold digital assets in self-custodial wallets and spend them directly across the global Visa acceptance network, without depositing assets into centralized exchanges. Maksym Sakharov, Co-Founder and CEO of WeFi, stated that stablecoins are natively embedded into the underlying infrastructure, with settlements processed automatically in the background, delivering a user experience indistinguishable from conventional payments. This partnership will initially launch in select markets across Europe, Asia, and Latin America, with further expansion contingent upon regulatory approvals.
Trump: Will Not Allow Banks to Obstruct Crypto Market Structure Legislation
Odaily Odaily: U.S. President Trump stated at a private event for TRUMP Meme coin holders held at his Mar-a-Lago estate in Florida that the White House will not allow banking lobbying groups to hinder the progress of the crypto market structure bill, the Digital Asset Market Clarity Act. He said the crypto industry has entered the mainstream, declaring "America is the leader in crypto," and that banks should not obstruct the establishment of stablecoin and crypto regulatory frameworks.Dubbed the "most exclusive meeting in the world," the event invited hundreds of large TRUMP coin holders. Guests included Tether CEO Paolo Ardoino, Ark Invest founder Cathie Wood, Anchorage Digital CEO Nathan McCauley, and boxing champion Mike Tyson. Previously, the U.S. banking industry had expressed concerns that stablecoin reward mechanisms could impact traditional deposit businesses, which had slowed the legislative process. (CoinDesk)
a16z: Stablecoins Are Becoming Global Payment Infrastructure, with Accelerating Localization Trends
According to a report released by a16z crypto researchers Robert Hackett and Jeremy Zhang, stablecoins are evolving from early-stage tools for trading and savings into core financial infrastructure. On the regulatory front, the U.S. GENIUS Act has established the first federal framework for stablecoin issuance. Although the European Union’s MiCA regulation—after coming into effect—led to the delisting of USDT from several exchanges, it has instead spurred sustained demand for non-U.S. dollar stablecoins, with monthly trading volume remaining steady in the $15–25 billion range. In terms of usage, consumer-to-business (C2B) stablecoin transaction volume grew 128% year-on-year in 2025, reaching 284.6 million transactions. Stablecoin velocity rose from 2.6x in early 2024 to 6x, indicating that existing supply is now being used more frequently for payments rather than held as savings. After excluding transactional and financial flow activity, an estimated $350–550 billion in stablecoin value in 2025 was attributable to genuine payment use cases. Geographically, nearly two-thirds of stablecoin payment volume originates from Asia (primarily Singapore, Hong Kong, and Japan), roughly one-quarter comes from North America, and approximately 13% from Europe. Notably, cross-border transaction share has actually declined, while domestic transactions have risen from ~50% in early 2024 to nearly 75% by early 2026. The BRL-pegged stablecoin BRLA, for example, now sees monthly transfers totaling approximately $400 million—evidence of the growing adoption of localized stablecoin payments.
OSL Group Partners with Circle to Expand Global Access to USDC
According to The Block, OSL Group has announced a partnership with Circle’s affiliated entities to expand USDC integration across its payment and trading platforms. Through OSL Global, users can exchange USD for USDC at a 1:1 ratio and trade BTC, ETH, SOL, USD, and USDT pairs in a dedicated USDC trading zone. Meanwhile, OSL has adopted USDC as its unified margin asset and integrated USDC into its payment services to support compliant digital dollar settlement and payment use cases. OSL also stated that it plans to support Circle’s tokenized money market fund, USYC, subject to regulatory requirements and platform eligibility criteria.
Sun Yuchen withdrew 93.41 million USDT from the Spack deposit pool and deposited them into HTX.
According to on-chain analyst Ai Aunt (@ai9684xtpa), Sun Yuchen has withdrawn all 93.41 million USDT from the Spack USDT deposit pool. This amount previously accounted for 9.89% of the USDT single-pool deposit TVL and was fully deposited into HTX within the past half hour. Notably, Sun Yuchen also withdrew 10,417 USDC.
Bitget Wallet Launches May Day QR Code Payment Campaign with Cashback up to 1,000 RLUSD per Transaction
Bitget Wallet has launched a Labor Day QR code payment campaign, running from April 28 to May 7, further driving the adoption of stablecoin payments in everyday consumption and travel scenarios across the Asia-Pacific (APAC) region. During the campaign, users who complete offline QR code payments using USDT or USDC will receive RLUSD cashback for each transaction. From May 1 to May 7, Bitget Wallet will randomly select one paying user per day to receive an additional 1,000 RLUSD cashback. To lower the barrier to first-time usage, Bitget Wallet will also airdrop XRP to eligible participants—serving as the account reserve required to activate RLUSD withdrawals. RLUSD is a compliant U.S. dollar-pegged stablecoin issued by Ripple and regulated by the New York State Department of Financial Services (NYDFS). This campaign marks Bitget Wallet’s first real-world consumer application following its integration of the XRP Ledger (XRPL) mainnet and onboarding of the RLUSD payment ecosystem at the end of March—and represents a key milestone in advancing Bitget Wallet’s Everyday Finance strategy.
WEEX Launches INTCON Zero-Fee Trading; Users Can Share a $30,000 USDT Airdrop
WEEX Exchange has announced a zero-fee campaign for Intel stock token INTCON. Users trading INTCON can share in a $30,000 USDT reward pool. Campaign Period: April 27, 19:00 – May 4, 19:00 (UTC+8). During the campaign: - New users who make a net deposit of ≥100 USDT are eligible to share in a $5,000 USDT reward pool. - New users who also execute their first spot trade in INTCON are additionally eligible to share in another $5,000 USDT reward pool. - Both new and existing users whose cumulative spot trading volume in INTCON reaches ≥100 USDT will receive a random trial bonus of 1–10 USDT; the maximum trial bonus available is $50 USDT.
WEEX Launches Zero-Fee HNO Trading and Airdrop of 66,666,666 HNO Tokens
WEEX Exchange has announced a zero-fee campaign for HNOCoin (HNO). Users trading HNO during the campaign can share in an airdrop of 66,666,666 HNO tokens. Campaign Period: April 25, 18:00 – May 2, 18:00 (UTC+8). HNO is a U.S.-based, energy-backed digital asset supported by real-world power generation and mining infrastructure. During the campaign: - New users who make a net deposit ≥ 100 USDT and execute their first spot trade in HNO will receive a reward of 66,666 HNO. - Both new and existing users whose cumulative HNO spot trading volume reaches ≥ 100 USDT will be eligible to share in an airdrop of 33,333,333 HNO tokens based on their trading volume ranking. The top three ranked users will receive 5,333,333 HNO, 4,000,000 HNO, and 2,666,666 HNO respectively.
Trump: Will Not Allow Banks to Obstruct Crypto Market Structure Legislation
Odaily Odaily: U.S. President Trump stated at a private event for TRUMP Meme coin holders held at his Mar-a-Lago estate in Florida that the White House will not allow banking lobbying groups to hinder the progress of the crypto market structure bill, the Digital Asset Market Clarity Act. He said the crypto industry has entered the mainstream, declaring "America is the leader in crypto," and that banks should not obstruct the establishment of stablecoin and crypto regulatory frameworks.Dubbed the "most exclusive meeting in the world," the event invited hundreds of large TRUMP coin holders. Guests included Tether CEO Paolo Ardoino, Ark Invest founder Cathie Wood, Anchorage Digital CEO Nathan McCauley, and boxing champion Mike Tyson. Previously, the U.S. banking industry had expressed concerns that stablecoin reward mechanisms could impact traditional deposit businesses, which had slowed the legislative process. (CoinDesk)
Former Senior Manager of Huobi Group Accused of Dark Pool Transactions to Transfer Nearly 5 Million USDT; All Seven Charges Dismissed
According to Hong Kong 01, Chen Bailiang, then a senior manager at Huobi Group, is alleged to have registered a personal account on the company’s platform under the name “Chen Feng,” bypassing the dark pool trading privileges reserved exclusively for corporate clients. This allowed him to conduct over-the-counter (OTC) bulk trades without price or quantity restrictions, and he transferred approximately 4.999 million USDT (worth roughly HK$39.18 million) in five separate transactions to his personal accounts on OKX and Binance. Chen Bailiang faced six charges of unauthorized access to a computer and one charge of money laundering. On April 24, 2026, the jury of the Hong Kong High Court returned verdicts of not guilty on all counts, and the court also granted the defendant’s application for costs.
JPMorgan: Frequent DeFi hacks and stagnant TVL continue to suppress institutional participation
According to The Block, JPMorgan analysts noted in their latest report that ongoing DeFi security vulnerabilities and stagnant growth in total value locked (TVL) continue to constrain institutional enthusiasm for the DeFi sector. Recently, Kelp DAO’s cross-chain bridge suffered a major attack, during which the attacker minted $292 million worth of uncollateralized rsETH tokens and borrowed real ETH on Aave, resulting in approximately $230 million in bad debt. This caused DeFi TVL to evaporate by roughly $20 billion within several days. LayerZero and blockchain security researchers have attributed this attack to the North Korean hacker group Lazarus Group; some of the stolen funds have been frozen, while the rest remain in circulation. Analysts also pointed out that DeFi TVL denominated in ETH has remained range-bound for an extended period, raising market concerns about whether DeFi can achieve organic growth sufficient to support institutional adoption. Furthermore, following each security incident, users tend to shift funds into USDT as a safe-haven asset—yet this trend has not yet significantly driven USDT’s market capitalization growth.
The KelpDAO attacker bridged funds to Arbitrum and then transferred them to TRON.
According to on-chain analyst PeckShield (@PeckShieldAlert), the KelpDAO attacker has transferred ETH from Ethereum to Arbitrum via the Across Protocol, swapped it for USDT, and then routed the funds to TRON DAO via LayerZero.
Rhea Finance Discloses Attack Cause: Slippage Protection Logic Flaw Leads to $18.4 Million Loss
According to an official disclosure by RHEA Finance, on April 16, 2026, the NEAR ecosystem lending protocol RHEA Finance (formerly Burrow Finance) suffered a hack targeting its margin trading functionality, resulting in losses of approximately $18.4 million. The attacker began preparations several days prior to the incident by creating multiple fake token pools on Ref Finance and injecting liquidity into them, thereby constructing malicious swap routes. Exploiting a vulnerability in the protocol’s slippage protection mechanism—which failed to account for scenarios where intermediate tokens were reused during multi-step swaps—the attacker caused borrowed debt tokens to be routed into fake token pools under their control. This triggered widespread forced liquidations, ultimately draining the protocol’s reserve pool. During the attack, the attacker deleted a total of 55 intermediary accounts to obscure their trail. As of now, the attacker has repaid approximately 3.359 million USDC and 1.564 million NEAR to the RHEA lending contract. Additionally, 4.34 million USDT have been frozen—3.291 million frozen by Tether and 1.053 million frozen by NEAR Intents. The protocol’s smart contracts have been paused, and the team is collaborating with centralized exchanges to jointly trace the funds; relevant law enforcement agencies have also been notified.
Rhea Finance Attack Review: Losses Expand to $18.4 Million, Partial Funds Recovered
Odaily News Rhea Finance has released a post-mortem report on the attack, confirming that the actual loss from the vulnerability is approximately $18.4 million, a significant increase from the initial estimate of around $7.6 million.The attacker constructed complex transaction paths, manipulated liquidity using fake token pools, funneled borrowed assets into pools under their control, and returned only minimal assets. This caused a large number of margin positions to rapidly become undercollateralized and triggered liquidations, ultimately depleting the protocol's reserve funds.Approximately $11.2 million in funds have been recovered or frozen so far. This includes some USDC and NEAR assets returned by the attacker, as well as about $4.34 million in USDT that was frozen (with assistance from Tether).
Tether Has Frozen 3.29 Million USDT in the Rhea Finance Hacker’s Address
Paolo Ardoino, CEO of Tether, tweeted that Tether has frozen 3.29 million USDT in the hacker’s address associated with Rhea Finance. Earlier reports indicated that Rhea Finance was attacked via a fake token contract, resulting in approximately $7.6 million stolen.
Russian exchange Grinex suspends operations after ~$15 million attack
According to The Block, Grinex—a Russia-linked cryptocurrency exchange—suspended withdrawals and trading on Thursday after suffering a hack reportedly worth approximately $15 million. Blockchain analytics firm Elliptic stated that the stolen funds consisted of USDT, which were subsequently moved across the Tron and Ethereum networks and swapped for TRX and ETH to reduce the risk of being frozen by Tether. Grinex said its wallet infrastructure was hit by a “large-scale cyberattack,” resulting in losses exceeding 1 billion rubles—approximately $13.1 million. Reports indicate Grinex is widely regarded as one of the successor platforms to sanctioned exchange Garantex, which U.S. authorities targeted last year for facilitating hundreds of millions of dollars in illicit fund flows.
Gate has launched AIGENSYN perpetual contract trading
according to official sources, Gate has now launched AIGENSYN perpetual contract trading (settled in USDT), supporting leverage of 1-20 times.
Binance Launches AIGENSYNUSDT Perpetual Contract with Up to 20x Leverage
according to an official announcement, Binance will list the AIGENSYNUSDT perpetual contract on April 29, 2026, at 14:15 (UTC), supporting up to 20x leverage. The contract uses USDT as the settlement asset, with a minimum trading unit of 1 AIGENSYN and a minimum notional value of 5 USDT. The funding rate is settled every 4 hours. Futures copy trading will also be enabled within 24 hours of listing.
Bitget Wallet Launches May Day QR Code Payment Campaign with Cashback up to 1,000 RLUSD per Transaction
Bitget Wallet has launched a Labor Day QR code payment campaign, running from April 28 to May 7, further driving the adoption of stablecoin payments in everyday consumption and travel scenarios across the Asia-Pacific (APAC) region. During the campaign, users who complete offline QR code payments using USDT or USDC will receive RLUSD cashback for each transaction. From May 1 to May 7, Bitget Wallet will randomly select one paying user per day to receive an additional 1,000 RLUSD cashback. To lower the barrier to first-time usage, Bitget Wallet will also airdrop XRP to eligible participants—serving as the account reserve required to activate RLUSD withdrawals. RLUSD is a compliant U.S. dollar-pegged stablecoin issued by Ripple and regulated by the New York State Department of Financial Services (NYDFS). This campaign marks Bitget Wallet’s first real-world consumer application following its integration of the XRP Ledger (XRPL) mainnet and onboarding of the RLUSD payment ecosystem at the end of March—and represents a key milestone in advancing Bitget Wallet’s Everyday Finance strategy.
Tether shareholder Christopher Harborne provided £5 million in funding support to the UK Reform Party
Christopher Harborne, a crypto billionaire and shareholder of stablecoin issuer Tether, provided approximately £5 million in financial support to Nigel Farage, the leader of the UK right-wing Reform Party, ahead of the 2024 UK general election. Following this donation, Farage announced his return as leader of the Reform Party and successfully won a seat in Parliament. Harborne has long been deeply involved in the crypto space and is a frequent political donor among UK conservatives, having previously funded multiple Brexit-related campaigns. This substantial contribution has once again sparked widespread discussion about the impact of crypto capital on the UK's political landscape. (Financial Times)
OKX to List BLEND (BLEND) USDT Perpetual Contracts
According to the official announcement, OKX will officially launch the BLEND (BLEND) USDT perpetual contract on April 29, 2026, at 18:00 UTC. Trading will be available 24/7, with a maximum leverage of up to 20x.
HTX will list RAIN at 8:00 PM today and simultaneously launch isolated margin leveraged trading for the RAIN/USDT (10x) pair.
The cryptocurrency margin trading service will introduce RAIN/USDT (10x) isolated margin trading on April 29 at 20:00 (GMT+8). Rain is a fully decentralized prediction market protocol built on Arbitrum, offering cross-chain support. Positioned as the “Uniswap of prediction markets,” it provides a permissionless framework enabling anyone to create and trade custom markets without restrictions.
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$258 million liquidated across the entire network in the past 24 hours, with both long and short positions liquidated
According to CoinGlass data, the total liquidation amount in the cryptocurrency market over the past 24 hours reached $258 million, including $100 million in long-position liquidations and $158 million in short-position liquidations. Bitcoin (BTC) liquidations amounted to $71.23 million, while Ethereum (ETH) liquidations totaled $61.52 million. A total of 86,954 traders were liquidated within the past 24 hours. The largest single liquidation occurred on Binance’s ETH-USDT trading pair, valued at $6.656 million.
Gate has launched AIGENSYN perpetual contract trading
according to official sources, Gate has now launched AIGENSYN perpetual contract trading (settled in USDT), supporting leverage of 1-20 times.
Sun Yuchen withdrew 93.41 million USDT from the Spack deposit pool and deposited them into HTX.
According to on-chain analyst Ai Aunt (@ai9684xtpa), Sun Yuchen has withdrawn all 93.41 million USDT from the Spack USDT deposit pool. This amount previously accounted for 9.89% of the USDT single-pool deposit TVL and was fully deposited into HTX within the past half hour. Notably, Sun Yuchen also withdrew 10,417 USDC.
Binance Launches AIGENSYNUSDT Perpetual Contract with Up to 20x Leverage
according to an official announcement, Binance will list the AIGENSYNUSDT perpetual contract on April 29, 2026, at 14:15 (UTC), supporting up to 20x leverage. The contract uses USDT as the settlement asset, with a minimum trading unit of 1 AIGENSYN and a minimum notional value of 5 USDT. The funding rate is settled every 4 hours. Futures copy trading will also be enabled within 24 hours of listing.
Bitget Wallet Launches May Day QR Code Payment Campaign with Cashback up to 1,000 RLUSD per Transaction
Bitget Wallet has launched a Labor Day QR code payment campaign, running from April 28 to May 7, further driving the adoption of stablecoin payments in everyday consumption and travel scenarios across the Asia-Pacific (APAC) region. During the campaign, users who complete offline QR code payments using USDT or USDC will receive RLUSD cashback for each transaction. From May 1 to May 7, Bitget Wallet will randomly select one paying user per day to receive an additional 1,000 RLUSD cashback. To lower the barrier to first-time usage, Bitget Wallet will also airdrop XRP to eligible participants—serving as the account reserve required to activate RLUSD withdrawals. RLUSD is a compliant U.S. dollar-pegged stablecoin issued by Ripple and regulated by the New York State Department of Financial Services (NYDFS). This campaign marks Bitget Wallet’s first real-world consumer application following its integration of the XRP Ledger (XRPL) mainnet and onboarding of the RLUSD payment ecosystem at the end of March—and represents a key milestone in advancing Bitget Wallet’s Everyday Finance strategy.
White House Trump Banquet Hall Total Investment Rises to $400 Million, Multiple Crypto Companies Previously Disclosed as Donors
Fortune magazine disclosed the total investment in the White House Trump Banquet Hall has risen from the initially estimated $200 million to $400 million. The funds primarily come from tax-deductible private donations, which will be managed through the non-profit organization Trust for the National Mall. Fortune previously revealed that multiple crypto industry companies and individuals have participated in the donations, including Coinbase, Ripple, Tether America (a subsidiary of Tether), as well as prominent figures in the crypto space such as Paxos co-founder Charles Cascarilla, Cameron Winklevoss, and Tyler Winklevoss. Additionally, major tech companies like Meta, Apple, Amazon, Google, and Microsoft are also on the donor list. Among them, Google's parent company Alphabet had previously reached a settlement with Trump and pledged $22 million of that amount towards the banquet hall's construction.