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Tether Launches Free Bitcoin Mining Software and Expands Wallet Access

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TLDR

  • Tether integrates USDT stablecoin and Tether Gold into Opera’s MiniPay wallet targeting emerging markets
  • MiniPay has 12.6 million wallets across 60 countries and processed over $153 million in December
  • Tether launches MiningOS, free open-source Bitcoin mining software compatible with various hardware
  • MiningOS scales from home mining operations to industrial facilities without third-party vendor costs
  • Both initiatives expand Tether’s reach beyond stablecoins into financial access and mining infrastructure

Tether made two announcements on Monday that expand its presence in cryptocurrency markets. The stablecoin issuer partnered with Opera to bring USDT and Tether Gold to the MiniPay wallet. Tether also released MiningOS, an open-source platform for Bitcoin mining operations.

The MiniPay partnership focuses on providing financial services to emerging markets. Users in Africa, Latin America and Southeast Asia can now access Tether’s products through the mobile wallet app. The wallet requires only a phone number to activate and works on Android and iOS devices.

MiniPay operates across 60 countries worldwide. The platform has 12.6 million activated wallets and has completed 350 million transactions. During the fourth quarter of 2024, the wallet experienced 50% user growth with most new users from emerging markets.

December transaction volume through MiniPay exceeded $153 million. The figures show growing adoption of dollar-denominated digital payments in mobile-first regions. Users can access USDT for everyday transactions and Tether Gold for long-term savings protection.

MiniPay Wallet Features

The MiniPay wallet is built on the Celo blockchain as a self-custodial solution. Users maintain control of their private keys and funds. Tether CEO Paolo Ardoino stated the company aims to provide reliable access to stable value for those who need it most.

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Tether Gold, which trades under the ticker XAUT, represents physical gold holdings. The token reached an all-time high of $5,600 in late January following gold market trends. XAUT has 712,747 tokens in circulation with a market cap of $3.4 billion according to CoinGecko.

The stablecoin market shows mixed signals despite MiniPay’s growth. Total stablecoin market capitalization started declining in December after two years of expansion. CryptoQuant data shows more than $4 billion in net outflows from exchanges as users withdraw funds.

Bitcoin Mining Software Launch

Tether’s MiningOS release provides miners with a free alternative to proprietary software. The platform is licensed under Apache 2.0, allowing anyone to use, modify and distribute the code. Tether first announced plans for mining software in June 2024.

The operating system works with various mining hardware types. This differs from other solutions like Block’s mining stack, which only supports specific equipment. MiningOS includes a self-hosted architecture that connects devices through peer-to-peer networks.

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Users can adjust settings through an accompanying platform based on their operation size. CEO Paolo Ardoino said the software scales from single-machine home setups to multi-location industrial facilities. The system uses Holepunch P2P protocols to eliminate centralized services and third-party dependencies.

Tether designed MiningOS to lower barriers for new Bitcoin miners. The company said closed systems and proprietary tools have limited industry growth. The open-source approach introduces transparency and collaboration into Bitcoin mining infrastructure.

The dual announcements demonstrate Tether’s expansion strategy beyond its core stablecoin business. The company has invested in tokenization, artificial intelligence and decentralized finance projects throughout 2025. Tether has also increased its Bitcoin and gold reserves during this period.

Both MiningOS and the MiniPay integration are now available to users. The mining software can be downloaded and deployed immediately. MiniPay users can access USDT and XAUT through the latest app update in supported countries.

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Crypto World

Solana (SOL) Plunges Below $100, Bitcoin (BTC) Recovers From 15-Month Low: Market Watch

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BTCUSD Feb 4. Source: TradingView


Meanwhile, HASH and HYPE have declined the most over the past 24 hours after charting impressive gains lately.

Bitcoin’s adverse price actions as of late worsened yesterday when the asset tumbled to its lowest positions since early November 2024 at $73,000 before recovering by a few grand.

Most altcoins followed suit with enhanced volatility, but some, such as SOL, HYPE, and CC, have been hit harder than others.

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BTC’s Latest Rollercoaster

It was just a week ago when the primary cryptocurrency challenged the $90,000 resistance ahead of the first FOMC meeting for the year. After it became official that the Fed won’t cut the rates again, BTC remained sluggish at first but started to decline in the following hours.

The escalating tension in the Middle East was also blamed for another crash that took place on Thursday when bitcoin plunged to $81,000. It bounced off to $84,000 on Friday but tumbled once again on Saturday, this time to under $75,000. Another recovery attempt followed on Monday, only to be rejected at $79,000.

Tuesday brought the latest crash, this time to a 15-month low of $73,000. It has rebounded since then to just over $76,000, but it’s still 3% down on the day. Moreover, it has lost 14% of its value weekly and a whopping 18% monthly.

Its market capitalization has plummeted to $1.525 trillion on CG, while its dominance over the alts has declined to 57.3%.

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BTCUSD Feb 4. Source: TradingView
BTCUSD Feb 4. Source: TradingView

SOL Below $100

Most larger-cap altcoins have felt the consequences of the violent market crash lately. Ethereum went from over $3,000 to $2,100 in the span of a week, before bouncing to $2,280 as of now. BNB is down to $760, while SOL has plummeted to under $100 after a 7% daily decline.

Even the recent high-flyer HYPE has retraced hard daily. The token is down by 11% to $33. CC and ZEC are also deep in the red, while XMR has gained the most from the larger caps.

The cumulative market cap of all crypto assets has seen more than $70 billion erased in a day and is down to $2.65 trillion on CG.

Cryptocurrency Market Overview Feb 4. Source: QuantifyCrypto
Cryptocurrency Market Overview Feb 4. Source: QuantifyCrypto

 

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Pumpfun Unveils Investment Arm and $3 Million Hackathon

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Pumpfun Unveils Investment Arm and $3 Million Hackathon


PUMP rallied as much as 10% but erased its gains as crypto markets dipped.

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Spot Bitcoin ETF AUM Hits Lowest Level Since April 2025

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Spot Bitcoin ETF AUM Hits Lowest Level Since April 2025

Assets in spot Bitcoin (BTC) ETFs slipped below $100 billion on Tuesday following a fresh $272 million in outflows.

According to data from SoSoValue, the move marked the first time spot Bitcoin ETF assets under management have fallen below that level since April 2025, after peaking at about $168 billion in October

The drop came amid a broader crypto market sell-off, with Bitcoin sliding below $74,000 on Tuesday. The global cryptocurrency market capitalization fell from $3.11 trillion to $2.64 trillion over the past week, according to CoinGecko.

Altcoin funds secure modest inflows

The latest outflows from spot Bitcoin ETFs followed a brief rebound in flows on Monday, when the products attracted $562 million in net inflows.

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Still, Bitcoin funds resumed losses on Tuesday, pushing year-to-date outflows to almost $1.3 billion, coming in line with ongoing market volatility.

Spot Bitcoin ETF flows since Jan. 26, 2026. Source: SoSoValue

By contrast, ETFs tracking altcoins such as Ether (ETH), XRP (XRP) and Solana (SOL) recorded modest inflows of $14 million, $19.6 million and $1.2 million, respectively.

Is institutional adoption moving beyond ETFs?

The ongoing sell-off in Bitcoin ETFs comes as BTC trades below the ETF creation cost basis of $84,000, suggesting new ETF shares are being issued at a loss and placing pressure on fund flows.

Market observers say that the slump is unlikely to trigger further mass sell-offs in ETFs.

“My guess is vast majority of assets in spot BTC ETFs stay put regardless,” ETF analyst Nate Geraci wrote on X on Monday.

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Source: Nate Geraci

Thomas Restout, CEO of institutional liquidity provider B2C2, echoed the sentiment, noting that institutional ETF investors are generally resilient. Still, he hinted that a shift toward onchain trading may be underway.

Related: VistaShares launches Treasury ETF with options-based Bitcoin exposure

“The benefit of institutions coming in and buying ETFs is they’re far more resilient. They will sit on their views and positions for longer,” Restout said in a Rulematch Spot On podcast on Monday.

“I think the next level of transformation is institutions actually trading crypto, rather than just using securitized ETFs. We’re expecting the next wave of institutions to be the ones trading the underlying assets directly,” he noted.