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 stablecoin issuer is extending its tokenization business into Saudi Arabia, starting with institutional real estate assets with plans to expand to other asset classes.
XAUt added to its bullion backing during gold’s worst quarter since 2013, as tokenized commodity holder counts continued to rise.
The world’s largest stablecoin issuer added 14 metric tons of gold and about 1,800 bitcoin to its reserves during the second quarter.
Tether swung from $4.9 billion in net profit for Q2 2025 to $1.5 in net operating profit during the second quarter of this year.
The latest attestation offers a snapshot of the assets backing the world's largest stablecoin, including U.S. Treasuries, repo agreements, and more than 146 metric tons of gold.
Tether’s reserve surplus grew to $4.11 billion in the second quarter as USDT supply rose despite a weaker stablecoin market and continued pressure across the crypto sector.
The payment giant will "remain multi-coin, multi-chain" and "not to pick winners" as stablecoins are poised to proliferate.
USAT can be used to pay for gas on the blockchain, meaning users will not have to hold multiple tokens to make USAT transactions.
The agreement covers tokenized securities, blockchain-based market infrastructure and the potential use of USDT as a settlement layer.
The agreement covers tokenized securities, blockchain-based market infrastructure and the potential use of USDT as a settlement layer.
The certification could expand access to Tether’s gold-backed token among Islamic financial institutions and investors seeking Shariah-compliant exposure to physical gold.
Twenty One Capital is Tether's "U.S. entity for them to ... line pockets where needed for political reasons," says Cory Klippsten.
XXI stock dropped nearly 18% after the company's co-founder stepped down and Tether's plan to combine three Bitcoin firms officially fell apart.
Twenty One Capital named Raphael Zagury CEO, replacing founder Jack Mallers, as Strike exits a Tether-backed three-way merger.
The proposed three-way merger between Twenty One Capital, Mallers' Strike, and Elektron Energy has been abandoned.
Strike will remain a standalone company after the proposed three-way merger was scrapped, while Twenty One Capital and Elektron continue discussions, Bloomberg reported.
The recognition allows regulated firms in Abu Dhabi Global Market to offer services involving Tether Gold as tokenized commodities gain broader adoption.
The GENIUS Act has hit its first anniversary without U.S. regulators yet meeting deadlines to write regulations, though rules will be in full effect by July 2028.
The feature offers European customers a voluntary path away from Tether’s USDT as MiCA rules reshape the region’s stablecoin market.
USDT and USDC are stablecoins pegged one-to-one to the U.S. dollar, each backed by reserves covering every token in circulation. Tether’s USDT is the largest stablecoin, with the deepest liquidity across global exchanges. Circle’s USDC is the second-largest, with Circle staking its reputation on being a publicly traded company, with frequent audits, U.S. and E.U. […]
Tether invested $20 million in Argentine neobank Ualá, joining a $197 million funding round that valued the fintech at $3.2 billion.
Ualá’s CEO clarified Tether is acting solely as a financial investor, citing current regional regulations preventing any immediate USDT integration.
The freeze targets TRON-based addresses that held over $165 million, preventing those specific funds from being transferred or redeemed.
Tether reportedly invested $20 million into Ualá, as part of the Argentine neobank’s $197 million funding round announced earlier in March.
OFAC sanctioned addresses tied to Iran's central bank and armed forces, with Tether locking four Tron wallets as Washington's financial campaign against Tehran accelerates.
Circle suspended Heka Funds over suspected market manipulation after learning Tether had invested $800 million in the arbitrage fund.
“Pact Labs gives us the rails to make digital dollars designed to be compliant with U.S. regulations," says Tether USAT.
South American nation Bolivia is considering the use of the largest dollar-backed stablecoin, USDT, per a local report.
Hyundai completed a proof-of-concept using Tether's USDT to settle a cross-border treasury transfer between its US and Mexican subsidiaries, highlighting growing enterprise interest in stablecoin-based payments.
Crypto usage has spiked in the country, with transaction volumes hitting $430 million in the year after the central bank removed restrictions in mid-2024.