Tether Bolsters Bitcoin Holdings and Explores Stablecoin Expansion in South Korea
Tether Bolsters Bitcoin Holdings and Explores Stablecoin Expansion in South Korea
Tether, the issuer of the USDT stablecoin, has made significant strategic moves. The company acquired SoftBank's entire stake in Twenty One Capital (XXI), consolidating its control over one of the largest public Bitcoin treasuries, signaling deeper conviction in the cryptocurrency. Concurrently, Tether filed multiple trademarks in South Korea, including KRWT and WONTETHER, fueling speculation about a new won-pegged USDT stablecoin, indicating a strategic push for expansion into new regional markets.
Tether International has acquired SoftBank’s entire stake in Twenty One Capital (NYSE: XXI), tightening its grip on one of the largest public Bitcoin treasuries. Announced May 20, 2026, the deal removes SoftBank’s board seats and signals deeper conviction in XXI as a Bitcoin-native powerhouse.
Separately, Tether filed seven South Korean trademarks including KRWT and WONTETHER, fueling speculation around a won-pegged USDT stablecoin. This strategic move indicates Tether's interest in expanding its stablecoin offerings into new geographical markets, particularly in Asia.