Tether

Tether

Finance

Tether posts $1.04 billion Q1 profit, reaches $8.23 billion reserve buffer

The stablecoin issuer said the crypto market was highly volatile during the first quarter.

Tether CEO Paolo Ardoino (Modified by CoinDesk)

Videos

Polymarket turns to Chainalysis as insider trading concerns mount

A nonprofit analyzed 435,000 Polymarket contracts and found longshot bets on military outcomes succeed at rates over 50% — five times higher than other political markets. Eight wallets turned $164,000 into $1.8 million in the hours before the June 2025 Iran strike. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

Polymarket turns to Chainalysis as insider trading concerns mount

Policy

Senator Warren questions Commerce Secretary Lutnick on Tether loan to family

Senators Elizabeth Warren and Ron Wyden sent letters to Howard Lutnick and Tether CEO Paulo Ardoino asking about a loan Tether reportedly made to Lutnick's family.

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

Markets

Jack Mallers' Twenty One Capital surges after majority holder Tether proposes 3-way merger

Tether has moved to combine bitcoin treasury, mining, and financial services under one roof.

Jack Mallers (Eva Marie Uzcategui/Bloomberg via Getty Images)

Markets

Bitcoin is on track for its best month in a year. $5 billion USDT growth fuels the rebound

Strong earnings season trumps geopolitical risks for now, one trader said, as equities and crypto markets "stopped caring" about Iran war headlines.

Bitcoin (BTC) price on April 24 (CoinDesk)

Policy

Tether's $344 million USDT freeze linked to U.S. 'Economic Fury' against Iran regime

Treasury Secretary Scott Bessent said the U.S. is seeking to choke off "all financial lifelines" for the regime.

Iranian flag (Akbar Nemati/Unsplash)

Finance

Tether freezes $344 million in USDT on Tron tied to 'illicit activity'

The stablecoin issuer said the action followed U.S. law enforcement requests as global watchdog FATF warned of growing role of digital dollars in illicit money flows.

Tether CEO Paolo Ardoino (Nikhilesh De/CoinDesk)

Finance

Tether backs UAE tokenization firm KAIO in $8M funding round to bring Emirati funds onchain

The Abu Dhabi-headquartered firm build infrastruture to distribute insitutional funds on blockchain rails, lowering entry barrier for investors.

Abu Dhabi skyline

Markets

A $300 million borrowing spike on Aave signals liquidity crunch after KelpDAO exploit

The aftershocks of the Saturday's KelpDAO hack are spreading through stablecoin markets in ways that were not immediately obvious.

Liquid network faces security exploit. (Boitumelo/Unsplash)

Finance

Drift gets $148 million funding from Tether and partners as it replaces Circle stablecoin with USDT after massive exploit

The money will be used by Drift to recover user funds after more than $270 million in clients assets were exploited this month, and will relaunch the protocol as a USDT-based perpetuals DEX on Solana.

Tether CEO Paolo Ardoino (Nikhilesh De/CoinDesk)