Tether CEO Paolo Ardoino disputed a Senate report accusing the company of delays in freezing Iran-linked wallets, stating that since 2023, Tether has frozen flagged addresses on average four weeks before official U.S. and Israeli sanctions designations. Ardoino claimed 99% of reported addresses were frozen before Chainalysis labeled them and credited Tether's actions for a 94% decline in Iran-linked stablecoin volumes. However, Senate investigators allege Tether missed freezing some wallets promptly, citing cases where significant USDT transactions occurred after sanctions notices. Senator Richard Blumenthal has requested federal investigations into Tether's sanctions compliance and anti-money laundering practices. The dispute highlights ongoing scrutiny of crypto firms' roles in enforcing sanctions and preventing illicit finance.
Tether's USDT is trading at Rp17.988 on Pluang as of Oct 20, 2026 01:41 WIB, showing a modest 0.49% increase in the last day. The stablecoin holds a significant market cap of Rp3.310,55 trillion on the platform, with a 24-hour trading volume of Rp1.120,05 trillion. Despite regulatory scrutiny mentioned in the news, Pluang users currently show a 62% sell and 38% buy order split, holding their USDT for an average of 91 days.
Bitcoin attracted the largest cryptocurrency inflows at $31.44 million, followed by Ethereum and Zcash, which also saw significant outflows. Stablecoins like Tether and USD Coin received substantial funds, indicating a shift between volatile assets a...
On October 19, major cryptocurrencies USDC, ETH, and BTC experienced net outflows, with USDC seeing a net outflow of $58.44 million, ETH $55.28 million, and BTC $43.52 million. In contrast, PEPE led the net inflows at $5.67 million, alongside stablec...
A Bank for International Settlements working paper finds that stablecoin market growth in the U.S. slowed when banks increased the interest rates they pay on deposits. The study, covering data from 2019 to mid-2025, shows that a rise in bank deposit ...
A new working paper from the Bank for International Settlements (BIS) shows that rising bank deposit rates in the U.S. predict slower growth in the stablecoin market from 2019 to 2025. The effect is stronger for Circle's USDC than Tether's USDT, like...
XRP accounted for the largest share of domestic crypto trading at 15.99%, with STX showing the highest domestic trading intensity relative to its global presence, at 46.24 times higher. Other tokens like ONDO and WLD also had significantly higher dom...
