Tether
Tether is a cryptocurrency issuer known for its stablecoin USDT.
Activity
Tether Freezes $344M USDT Tied to Illicit Activities in Largest Law Enforcement Action
Tether has frozen $344 million in USDT stablecoins connected to illicit activities in cooperation with U.S. law enforcement. This large-scale action demonstrates increased regulatory efforts to curb illegal crypto transactions and solidifies Tether's compliance stance.
Tether Blocks $344 Million USDT on Tron in Largest Anti-Crime Crackdown
Tether has frozen $344 million in USDT on the Tron blockchain following U.S. law enforcement requests, marking its largest enforcement action. This move emphasizes increased regulatory efforts to combat illicit activities involving cryptocurrencies and could lead to stricter oversight across the industry.
Drift Protocol Secures $148-150M Funding from Tether to Recover Assets and Relaunch on Solana
Drift Protocol received nearly $150 million from Tether and partners to recover assets lost in a $280 million exploit. The project plans a relaunch as a USDT-based decentralized exchange on Solana, aiming to strengthen its market position.
Cantor Fitzgerald Donates $10M to Crypto PAC Led by Tether Executive
Cantor Fitzgerald contributed $10 million to a crypto-focused super PAC chaired by Tether's Jesse Spiro, aiming to sway US crypto regulation. This move marks increased involvement of traditional finance in shaping digital asset policies, with the PAC already booking millions in political ads.
Tether Launches tether.wallet, a Self-Custodial Wallet Supporting USDT and Bitcoin
Tether has introduced a self-custodial wallet allowing users to manage USDT, Bitcoin, and gold-backed tokens with cloud backup. This development aims to improve security and control for cryptocurrency traders and holders.
Tether Engages KPMG for First Full USDT Reserve Audit Amid US Expansion
Tether has enlisted KPMG to carry out its first full audit of USDT's $184 billion reserves, a key step toward greater transparency. This move aligns with its U.S. expansion plans and highlights efforts to bolster regulatory credibility.
Circle Stock Falls 17% Despite Bitwise Forecasting $75B Valuation by 2030
Circle's stock experienced a 17% decline while Bitwise forecasts its valuation to surpass $75 billion by 2030. Investor confidence wavers due to Tether's recent Big Four audit and growing regulatory pressures like the Clarity Act.
Tether Hires Big Four Firm for First Comprehensive Reserve Audit amid Transparency Push
Tether has engaged a Big Four accounting firm to conduct its first full audit amid criticism over reserve transparency. This move aims to bolster confidence as Tether expands in the U.S. and maintains dominance with a $184B market cap.
Circle's USDC Narrows Gap, Surpasses Tether's USDT in Key Volume Metrics
Circle's USDC stablecoin has surpassed Tether's USDT in adjusted year-to-date volume, reflecting a shift in market dynamics. This development highlights growing confidence in USDC for payments and settlements, potentially altering stablecoin dominance.
Ark Labs Secures $5.2M Funding Backed by Tether to Boost Bitcoin-Based Stablecoins
Ark Labs has secured $5.2 million in funding, with Tether support, to advance Bitcoin-backed stablecoins. The funding aims to improve DeFi and payments capabilities on Bitcoin's network.
Tether invests $50M in sleep tech firm Eight Sleep to boost health innovations
Tether has invested $50 million into sleep technology startup Eight Sleep. The funding aims to expand health tech innovations, highlighting the growing intersection of finance and health technology.
Deloitte Certifies Tether's USAT Stablecoin Reserves with Anchorage
Deloitte has certified the reserve report for Tether's USAT stablecoin, enhancing transparency and trust. The report is a joint effort with Anchorage Digital, a key player in crypto custody.
US Authorities Pursue $327K in USDT Crypto to Combat Romance Scam
US authorities are aiming to recover $327,000 in USDT associated with a romance scam. This effort underscores the growing regulatory scrutiny of cryptocurrencies in financial crimes.
Tether Signals Impact on Bitcoin’s Future Amid Market Uncertainty
Cointelegraph highlights Tether signaling a Bitcoin bottom with hopes of a 100% rally. BeInCrypto notes USDT contraction from 2022-peak levels raises further questions about Bitcoin's future trajectory.