Author: liam

Liam writes about Web3 and decentralized finance, focusing on how protocols, applications, and governance models are used in practice. His coverage centers on real adoption, integration, and the mechanics behind decentralized systems.Market developments and regulatory context are part of his reporting when they intersect with Web3 or DeFi activity.

Tether, the issuer of the $185 billion USDT stablecoin, has dramatically scaled back its private fundraising ambitions following a lukewarm reception from global institutional backers. According to reports from Lockridge Okoth, the firm faced significant pushback while attempting to justify a Tether valuation of $500 billion, effectively cooling immediate speculation regarding a potential 2026 IPO.

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IG Group Holdings has completed its acquisition of the cryptocurrency exchange Independent Reserve, taking an initial 70% stake for $109.6 million. IG Group’s objective with this acquisition is to offer regulated trading products in the Asia-Pacific and Middle East regions.

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