Tether Launches Hadron: A New Platform for Tokenizing Digital and Physical Assets
Tether, the stablecoin powerhouse, has announced Hadron, a tokenization platform for digital and real-world assets, amidst a surge in the tokenization of financial products on decentralised networks.
Hadron allows users to tokenize a variety of assets, including stocks and bonds, stablecoins, and loyalty points, Tether said in a statement Thursday.
The platform’s goal is to make the tokenization process easier for both individual and institutional investors, according to the business.
The service covers the entire tokenization lifecycle, including risk management tools, know-your-customer (KYC) and anti-money laundering (AML) compliance, and secondary market monitoring. The platform will initially handle Ethereum, Avalanche, and Blockstream’s Bitcoin scaling network Liquid. Additionally, it will “soon” add the Telegram-adjacent TONNE network and additional smart contract chains, a Tether spokesman reported.
https://twitter.com/InfoR00M/status/1857234460502061162
Tether CEO Paolo Ardoino stated, “We believe ‘Hadron by Tether’ will greatly enhance the financial industry.”
The corporation issues the $126 billion stablecoin USDT and the $600 million gold-backed token XAUT. It has also claimed $7.7 billion in group-wide net profits this year, largely due to the yield on its $80 billion stockpile of US Treasuries.
Tether extends into energy, proposes commodity-backed coins.
Tether’s announcement of the Hadron tokenization platform comes as the company expands into energy and commodity-backed blockchain tokens.
In October 2024, Tether suggested a boron-backed token to the Turkish government. Turkey controls over 70% of the mineral supply, which is utilised in a wide range of applications such as fertiliser, household cleaning goods, and glass production.
During the same month, the stablecoin issuer began trading oil. Tether’s $45 million transaction funded the transportation of 670,000 barrels of oil from the Middle East using the Tether-US dollar stablecoin.
Tether also announced the debut of its new dirham-pegged stablecoin — the UAE’s national currency — on The Open Network (TONNE) blockchain at the TONNE Gateway event in Dubai.
The company also recently unveiled a wallet development kit for Bitcoin (BTC) and USDT wallets, intended at developers and AI agents.
In a financial report released on October 31, the stablecoin firm declared $2.5 billion in profits for the third quarter of 2024 and disclosed that the company has around $134 billion in total assets.
https://twitter.com/bullruNews/status/1857124046715900365
Tether Issues $2 Billion USDT in 24 Hours, Raising Total Minting to $7 Billion in Six Days
Today, Tether issued another 2 billion USDT a few hours ago, bringing the stablecoin’s total issuance to $7 billion in the last six days.
Tether’s Treasury has received several 1 billion USDT allocations in recent days, culminating in today’s 2 billion USDT influx. According to Look, on-chain evidence from blockchain tracking tools reveals that the funds were transferred to Bitfinex’s multi-signature wallets before being sent to the Tether Treasury. Analysts have pointed out the correlation between the surge in Bitcoin and Tether’s increased minting activity.
The attached blockchain transfer data show transactions from the Bitfinex MultiSig wallet to Tether Treasury and other associated addresses. The massive quantity and rapid frequency of these issuances highlight Tether’s position as a main source of liquidity in the cryptocurrency market.
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