Tether

Tether’s USDT stablecoin has surpassed 500 million users worldwide, marking a major milestone in global financial inclusion. The company says this growth shows how digital dollars are becoming a vital tool for savings and payments, especially in emerging markets.

Japan is set to approve its first yen-backed stablecoin this autumn, led by fintech firm JPYC. The token will be tied one-to-one with the yen and supported by bank deposits and government bonds.

A U.S. judge has allowed Celsius to sue Tether over the forced sale of 39,545 Bitcoin during its 2022 collapse, which Celsius says caused over $4 billion in losses. The court rejected Tether’s argument about being outside U.S. jurisdiction, meaning key claims like fraud and breach of contract will go ahead.

Tether bought $459 million worth of Bitcoin to support the launch of Twenty One Capital, a new investment firm preparing to go public. The company now holds over 36,000 BTC and plans to expand further after merging with Cantor Equity Partners.

Tether has purchased 8,888 BTC for $735 million, increasing its Bitcoin holdings to 92,647 BTC, as part of its strategy to strengthen reserves with Bitcoin.

The T3 Financial Crime Unit froze $9 million from the $1.4 billion stolen in the Bybit hack, believed to be carried out by North Korean hackers. for information leading to asset recovery.

Tether purchased $33.1 billion in U.S. Treasury securities, becoming the seventh-largest holder of U.S. government debt. This move strengthens the stability of its USDT stablecoin and highlights its growing role in both digital and traditional finance.

Circle's CEO, Jeremy Allaire, is calling for mandatory registration of stablecoin issuers in the U.S. to ensure transparency and protect consumers. Meanwhile, U.S. lawmakers and regulators are intensifying efforts to create clear rules for stablecoins, with growing scrutiny on companies like Circle and Tether.

Tether has partnered with Guinea to explore blockchain and peer-to-peer technologies, aiming to support the country's digital transformation. The agreement includes initiatives to build local expertise and contribute to Guinea's "Innovation City" project.

El Salvador is increasing its Bitcoin holdings despite IMF conditions, recently purchasing 11 BTC and bringing its total to over 6,067 BTC. To comply with its $1.4 billion IMF agreement, the country has made Bitcoin adoption optional and removed tax payments in BTC.