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Bitdeer intends to use the proceeds to fund its data center expansion and ASIC-based mining rig development, the Singapore-based company said.

The investment will fund the roll-out and commercialization of the company's medical devices.

Tether CEO Paolo Ardoino told a U.S. crowd on Tuesday that he's counting on sensible crypto regulations coming soon from the U.S. "There is no place like the U.S.," he said via video link at DC Fintech Week in Washington.

Users can mint new tokens using the company's new Alloy platform, which will be part of Tether's upcoming tokenization venture, CEO Paolo Ardoino said.

The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities like terrorist financing, the company said.

Tether hired a government-affairs veteran from PayPal and Chainalysis, Jesse Spiro, to head its own shop as the issuer of the leading {{USDT}} stablecoin has long been under a cloud of reported U.S. investigations.

Tether, the issuer of the largest stablecoin by market cap, has challenged the United Nations (UN) for its report on underground banking and money laundering infrastructure in East and Southeast Asia.

Tether plans to seek licensing for the stablecoin under the U.A.E. Central Bank's Payment Token Services Regulation.

The company has formed four divisions to reflect its broadening focus: Data, Finance, Power and Edu(cation).