Tether

Treasury Secretary Scott Bessent told Newsmax's NPolicy Summit on Thursday that the government knows where the assets are and is "isolating them." He used the same billion-dollar figure in May, when he said the money had already been taken.

The opinion tells national regulators to presume that any service touching a non-compliant stablecoin is incompatible with a platform's duty to act in its clients' best interests. Its three-month clock covers clearing leftover customer balances, not a grace period for listings.

The complaint says $2.76 million has sat frozen in the payments firm's operating wallet since September 2025 over a Brazilian investigation that Brazilian police say never flagged it. It follows a $42.4 million claim brought on much the same theory five weeks earlier.

The Drift Foundation issued one DFX token for each verified dollar taken in April's exploit, and the pool behind those 299.5 million tokens holds about $3.11 million. Tether and other partners have pledged up to $147.5 million more, none of which has arrived.

The complaint says the blacklist followed an informal request from a Homeland Security Investigations agent in October. The seizure warrant arrived in February, and told Tether to burn the tokens and mint replacements.

Deputy chairman Anatoly Popov called the forecast conservative, because most Russian crypto flow will keep bypassing licensed venues and professional participants have until July 2027 to get authorised.

The Securities and Futures Commission listed SBCFX and three related Star Bridge entities on 28 August. Around 3,000 retail traders had already been liquidated on London gold, and their margin was posted in Tether, which is the part that may not come back.

Ninety-seven per cent of the treasury company's quarterly loss came from a single mark-to-market line. New CEO Raphael Zagury told shareholders the pure-holder model is over.

Roughly $14.56 billion has left USDT and USDC since mid-May, most of it in June. The GENIUS Act's yield ban is finally showing up in the supply data.

Twenty One Capital lost around 14% on Tuesday and its co-founder handed the CEO seat to Raphael Zagury, a Wall Street operator whose message to investors sounds nothing like Mallers'.

The three-way bitcoin combination Tether spent months engineering has been cut down to a possible Twenty One-Elektron Energy pairing, and Twenty One's $2.9 billion BTC treasury is now run by Raphael Zagury.

The 18 July statutory deadline for GENIUS Act final rules pushes six federal agencies to publish frameworks that would impose bank-quality compliance stacks on stablecoin issuers — a cost structure the mid-market cannot carry and has been slow to prepare for.

The EU's stablecoin grandfathering period expired on 1 July. Tether never applied for e-money authorisation, and Circle now enjoys close to a monopoly on regulated European stablecoin liquidity.

Tether International took full control of the Bitcoin treasury company XXI after acquiring SoftBank's entire position, valued at roughly $679 million. SoftBank's directors stepped down at closing, leaving Tether and Cantor Fitzgerald as the principal backers of the 43,514-BTC vehicle.

Tether reported $1.04 billion in net profit for the first quarter and excess reserves of $8.23 billion against $192 billion in assets — the strongest balance sheet the company has ever published, even as Senators Warren and Wyden launched a fresh investigation into its links to Cantor Fitzgerald and Howard Lutnick's family trust.

A coordinated international operation led by Dubai Police has dismantled nine cryptocurrency investment scam centres and arrested at least 276 people, with three defendants now facing federal wire fraud and money laundering charges in the Southern District of California.

The world's largest stablecoin issuer is buying its way into the retail wallets that already serve three million users across the region — because at this scale, distribution is the moat, not liquidity.

The stablecoin issuer blocked two TRON wallets holding a combined $344 million after OFAC designated them as part of Iran's sanctions-evasion network. Treasury Secretary Bessent called it part of a broader campaign to cut off Tehran's financial lifelines.

Drift Protocol will relaunch with USDT as its settlement layer after securing $147.5 million from Tether and partners, replacing Circle's USDC following an April 1 exploit that drained $270 million from the Solana-based perpetuals exchange.

The stablecoin issuer's new tether.wallet app supports USDT, bitcoin, and tokenised gold with human-readable addresses and no gas tokens — a consumer play aimed squarely at emerging markets.

Ethereum now hosts 60 per cent of the global stablecoin market after its on-chain supply reached an all-time high of $180 billion, according to Token Terminal data, driven by a 150 per cent increase over three years.

Tether has released QVAC, an open-source software development kit that runs and fine-tunes AI models entirely on local hardware, as part of the stablecoin issuer's increasingly expensive push to become something more than a dollar-peg factory.

The Cantor Fitzgerald-led process is the first time Tether has opened its cap table meaningfully since founding. The asking price would make the stablecoin issuer worth more than every US bank except JPMorgan Chase — and investors have until late April to decide.

FinCEN and OFAC jointly proposed rules that would treat permitted stablecoin issuers as financial institutions under the Bank Secrecy Act for the first time, imposing anti-money laundering programmes, suspicious activity reporting, and sanctions compliance obligations.

The global stablecoin market reached a record $317 billion in total supply in early April 2026, while cumulative transaction volume in 2026 has surpassed $7.2 trillion — exceeding the annual throughput of the US Automated Clearing House system and cementing stablecoins as a systemic layer of digital finance.

Britain's Foreign Office has designated Xinbi—a Chinese-language crypto marketplace that processed $24.2 billion in illicit transactions—marking the first government-level sanctions action against the infrastructure underpinning Southeast Asia's pig-butchering scam industry.

The Treasury Department has issued an 87-page notice of proposed rulemaking establishing how state-level stablecoin regimes can qualify as 'substantially similar' to the federal framework under America's first crypto law.

The world's largest stablecoin issuer has hired Big Four firm KPMG to conduct a comprehensive audit of USDT's reserve backing, moving beyond the periodic attestations that have drawn years of criticism from regulators and market participants.

Tether reported $6.2 billion in net profit for 2024 as USDT market cap surged past $140 billion, driven by Treasury holdings and ecosystem adoption.

Deutsche Telekom's subsidiary announced Bitcoin and Ethereum node operations and mining in December 2023, joining other major corporations entering the sector.