"Tether, the world's largest stablecoin, has a vision for a blockchain-powered payment network in the U.S., CEO Paolo Ardoino tells Axios. With legislation on the horizon, a major IPO in the works, the industry's giant looks unlikely to sit out the coming race for stablecoin supremacy in the U.S...When asked whether Tether would consider building a point-of-sale merchant services offering, but including stablecoins, Ardoino said: "I cannot spoil all our strategy, but you are on the right track."

"Cryptocurrency Tether enables a parallel economy that operates beyond the reach of U.S. law enforcement (WSJ Subscription Required)."

"Stablecoin issuer Tether will regularly buy bitcoin (BTC) for its stablecoin reserves using a portion of its profits starting this month as part of a new investment strategy focused on the largest cryptocurrency by market capitalization, the firm announced on Wednesday. Tether said it will allocate up to about 15% of the realized profits from investments – excluding any unrealized price appreciation of its reserve assets – to purchase BTC and will add the tokens to the reserve surplus."