Tether

Tether

Finance

Binance deal gives Circle a boost in stablecoin race with Tether, analysts say

The five-year deal could strengthen USDC’s reach in emerging markets, though Tether’s liquidity advantage remains hard to dislodge, analysts told CoinDesk.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle (CoinDesk)

Markets

Circle and Tether step in to freeze hacker wallet after massive Bitget crypto heist

The stablecoin issuer blacklisted a wallet holding about $318,000 in USDT and USDC. Most of the stolen funds sit in ether, which can't be frozen.

Circle and Tether freeze hacker's stablecoin (Etherscan)

Policy

Tether confirms minimal EQIBank exposure following $89M US asset seizure

While Tether's stated ceiling places its maximum exposure under $64 million, the incident underscores lingering counterparty risks in fiat gateway networks.

EQIBank (EQIBank/Press)

Finance

Tether pushes into private credit with $400 million fund with Fasanara

The USDT issuer will help source lending opportunities and provide stablecoin payment infrastructure for Fasanara's private credit network.

Tether CEO Paolo Ardoino (Nikhilesh De/CoinDesk)

Tech

A two-key breach could hand control of $91 billion in USDT to hackers, report finds

The rating agency's new framework combines Wall Street financial auditing with Web3 code reviews to evaluate both off-chain reserves and on-chain security.

Computers. coding. tech. (Fotis Fotopoulos/Unsplash)

Finance

Lawsuit challenges Tether for allegedly freezing $42.4 million USDT before U.S. warrant

The plaintiffs allege that Tether acted in response to an informal U.S. law-enforcement request more than three months before a seizure warrant was issued.

Lady Justice (Wesley Tingey/Unsplash)

Finance

Tether says it completed long-promised 'Big Four' audit of finances behind $180 billion USDT stablecoin

KPMG U.S. examined Tether's books and even counted its gold bars as the $180 billion USDT issuer said it completed its long-promised financial audit.

Tether CEO Paolo Ardoino (Nikhilesh De/CoinDesk)

Finance

Tether expands tokenization business into Saudi Arabia, starting with real estate

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.

Riyadh, Saudi Arabia

Finance

Tether posts $1.5 billion operating profit in Q2 as reserve buffer falls by half

The world’s largest stablecoin issuer added 14 metric tons of gold and about 1,800 bitcoin to its reserves during the second quarter.

Close-up of stacked gold bars. (Jingming Pan/Unsplash)

Finance

Jack Mallers steps down as XXI Capital CEO as Tether's plans to merge three bitcoin firms falls

The proposed three-way merger between Twenty One Capital, Mallers' Strike, and Elektron Energy has been abandoned.

Jack Mallers (CoinDesk TV)