Tether
Issuer of USDT, the largest stablecoin by market cap. Affiliated with Bitfinex.
Long history of opacity around reserves. Feb 2021: $18.5M NYAG settlement. Oct 2021: $41M CFTC fine. Ongoing scrutiny over US sanctions exposure on Tron-USDT.
The framework targets fragmented mining systems, offering a unified, open alternative for managing infrastructure across operations.
President Donald Trump, at a Mar-a-Lago gathering of investors in his self-branded memecoin, said crypto is mainstream and banks should back off the industry's bill.
The event, at which Trump himself is scheduled to speak, gathers top-tier holders of the $TRUMP meme coin.
The announced crypto freeze came just one day after Tether said it had frozen $344 million of its USDt stablecoin in response to a request from US law enforcement.
Treasury Secretary Scott Bessent said the U.S. is seeking to choke off "all financial lifelines" for the regime.
The move comes a day after Tether froze $344 million worth of USDT, which has now been linked to Iran, CNN reported.
Trump says the whole world's a casino. Tether made its biggest enforcement freeze ever. And SBF drops his new trial bid.