Tether

Tether

Policy

Top Democrat among Senate investigators probes ties between Cantor Fitzgerald, Tether

As Democrats steadily rise in their potential to take back a Senate majority, Senator Richard Blumenthal is digging into Tether's U.S. financial partnership.

U.S. Commerce Secretary Howard Lutnick and Bo Hines, a former White House adviser who is CEO of Tether U.S. (Jesse Hamilton/CoinDesk)

Finance

Tether tapped by Kazakhstan’s central bank to explore stablecoin and tokenization

The National Bank of Kazakhstan said it will study a local currency-linked stablecoin and tokenized real-world assets with Tether.

Flag of Kazakhstan (Gwengoat/Getty Images)

Tech

Tether's USDT is 'coming home' to Bitcoin after more than a decade

A Tether-backed project, Utexo, plans to support private USDT transfers, direct swaps between BTC and USDT and loans backed by BTC, while keeping most transaction data off Bitcoin’s public ledger.

Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022. (Twitter/Bitfinex, modified by CoinDesk)

Policy

Tether is a ‘lifeline’ for Iranian regime, Senate Dems say in new report

Democrats on the Senate's Permanent Subcommittee on Intelligence published a report alleging that USDT had become a key tool for the Iranian government.

Sen. Richard Blumenthal, the lead Dem on the Permanent Subcommittee on Intelligence. (Roberto Schmidt/Getty Images)

Finance

Binance deal gives Circle a boost in stablecoin race with Tether, analysts say

The five-year deal could strengthen USDC’s reach in emerging markets, though Tether’s liquidity advantage remains hard to dislodge, analysts told CoinDesk.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle (CoinDesk)

Markets

Circle and Tether step in to freeze hacker wallet after massive Bitget crypto heist

The stablecoin issuer blacklisted a wallet holding about $318,000 in USDT and USDC. Most of the stolen funds sit in ether, which can't be frozen.

Circle and Tether freeze hacker's stablecoin (Etherscan)

Policy

Tether confirms minimal EQIBank exposure following $89M US asset seizure

While Tether's stated ceiling places its maximum exposure under $64 million, the incident underscores lingering counterparty risks in fiat gateway networks.

EQIBank (EQIBank/Press)

Finance

Tether pushes into private credit with $400 million fund with Fasanara

The USDT issuer will help source lending opportunities and provide stablecoin payment infrastructure for Fasanara's private credit network.

Tether CEO Paolo Ardoino (Nikhilesh De/CoinDesk)

Tech

A two-key breach could hand control of $91 billion in USDT to hackers, report finds

The rating agency's new framework combines Wall Street financial auditing with Web3 code reviews to evaluate both off-chain reserves and on-chain security.

Computers. coding. tech. (Fotis Fotopoulos/Unsplash)

Finance

Lawsuit challenges Tether for allegedly freezing $42.4 million USDT before U.S. warrant

The plaintiffs allege that Tether acted in response to an informal U.S. law-enforcement request more than three months before a seizure warrant was issued.

Lady Justice (Wesley Tingey/Unsplash)