Drift Protocol was hit by a major exploit that drained about $295 million from its platform on Solana. It is also shifting its settlement system from USDC to USDT as part of the relaunch.
WeatherlyTether has launched Tether.Wallet, a self-custodial app that lets users send USDT, USAT, Bitcoin and XAUT using simple names instead of wallet addresses.
AnaisIran’s largest crypto exchange, Nobitex, saw crypto outflows surge 700% to nearly $3 million in just 48 hours following coordinated US and Israeli airstrikes, signaling a frenzied dash for safety as traders scrambled to protect their assets from both war and domestic restrictions.
XingChiTether has invested $200 million in digital marketplace Whop, giving the platform a $1.6 billion valuation. The deal will integrate Tether’s stablecoins into Whop, allowing creators to receive payments directly and expand globally.
AnaisUS federal agents in North Carolina seized more than $61 million in USDT linked to a crypto romance investment scam after tracing the money through multiple wallets with support from Homeland Security Investigations. Tether helped authorities freeze the funds, which are now subject to forfeiture.
WeatherlyInternal investigators at Binance found that billions of dollars may have flowed through the exchange to Iran-linked entities, including groups tied to the Houthis, but several staff involved in the probe were later suspended or dismissed.
AnaisTether’s USDT may be on track to surpass both Bitcoin and Ethereum in market capitalization as stablecoins continue expanding despite broader crypto market weakness, according to Bloomberg Intelligence strategist Mike McGlone.
XingChiTether is expanding globally, hiring around 150 more staff and investing in sectors from sports to AI as USDT adoption grows to $185 billion. The company is also seeking regulatory footholds outside the US while rivals like Block reduce staff amid market pressures.
AnaisTether has bought a $150 million, 12% stake in Gold.com and will integrate its gold-backed token XAUt into the platform. The companies are also exploring ways for customers to buy physical gold using Tether’s stablecoins USDt and USAt.
AnaisDecentralized prediction market leader Polymarket is making a bold move to strengthen the safety and reliability of its settlement infrastructure by migrating its trading collateral from bridged USDC to Circle-issued native USDC.
XingChiTether's valuation is targeting $500 billion, putting its market capitalization on par with Goldman Sachs. Can it catch up with JPMorgan Chase?
JinseFinanceWhile Wall Street’s interest has boosted the entire crypto market, William Quigley said it also comes with risks.
JinseFinanceTether Treasury's substantial transfer of USDT tokens to Bitfinex, valued at $229,956,875, has stirred interest within the crypto community. As the market reacts to Bitcoin's recent swings and Tether's significant move, the impact on overall market dynamics remains to be seen.
Cheng YuanUSDT is also present on Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, Tron, and Kava
BeincryptoTether, which is the largest stablecoin issuer by market capitalization, added its offshore Chinese Yuan (CNHT) to the Tron network.
OthersTether has stated that its secured loans are heavily collateralized, hitting back at WSJ.
Beincrypto
Tether said the hedge funds that saw Terra’s collapse as a reason to short USDT have “a fundamental misunderstanding of both the cryptocurrency market and Tether."
CointelegraphWith a peso-backed stablecoin, Tether is essentially “recreating the foreign exchange market with a Tether product,” Ardoino said.
CointelegraphThe total USDC supply on Ethereum has surpassed that of Tether, making the USDT supply on Ethereum second for the first time.
Cointelegraph