Leading stablecoin issuer Tether has confirmed it’s shutting down its mining operations in Uruguay and is laying off most of its local workforce, after failing to reach an agreement with authorities ...

The prime example is Tether, a firm that regulators once targeted. Its chief executive recently hobnobbed in Washington with lawmakers and lobbyists. Credit...Illustration by Zak Bickel/The New York ...

Tether halted Bitcoin mining in Uruguay, reportedly dismissing 30 staff amid increasing energy costs and a $4.8 million debt dispute with state power firm UTE. Tether, issuer of USDT, the world’s ...