Tether

Tether

Policy

Senate's top Democratic investigator looking into Tether payments to Bo Hines' firm

Senator Richard Blumenthal, the ranking Democrat on the investigations subcommittee, added a probe of the ex-White House crypto adviser to his list of crypto interests.

Bo Hines, Executive Director of the President's Council of Advisers on Digital Assets of the White House

Finance

Tether leads $15 million funding round for AI-focused payment startup Mural

The Series A round, which included participation from North Island Ventures and existing investors, brings New York-based Mural's total funding to $28 million.

Tether CEO Paolo Ardoino (Nikhilesh De/CoinDesk)

Policy

Tether: Senator's investigation misses positive work that's led to lower Iran volumes

The stablecoin issuer's CEO, Paolo Ardoino, has been defending against accusations that the firm's stablecoins have fueled financial activity in Iran.

Tether CEO Paolo Ardoino on stage at Cantor Fitzgerald's event in New York (Helene Braun/CoinDesk)

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)