Senator Richard Blumenthal is investigating the financial relationship between Cantor Fitzgerald and Tether, the leading stablecoin issuer. He sent a letter to Cantor's CEO, Brandon Lutnick, seeking details on their partnership, especially regarding allegations of Tether's involvement in illicit finance and money laundering, including sanctions evasion linked to Iran and Russia. This probe gains significance as Democrats may soon hold a Senate majority, potentially increasing their power to regulate digital assets. The investigation highlights growing congressional scrutiny of stablecoins and their role in global finance.
Tether (USDT) holds a substantial market cap of Rp3.293,56 trillion on Pluang as of Oct 09, 2026 04:42 WIB, underscoring its significant presence in digital finance. This ongoing Senate investigation into Cantor Fitzgerald's ties with Tether coincides with a 1-day price increase of 0.11% for USDT on Pluang. The platform also shows a high trading volume of Rp1.769,82 trillion and a typical hold time of 90 days, reflecting active investor engagement despite regulatory scrutiny.
Senator Richard Blumenthal has requested detailed records from Cantor Fitzgerald regarding its financial and custody relationship with Tether, the company behind the USD₮ stablecoin. The request covers revenue, compliance, and any financial ties invo...
The European Securities and Markets Authority (ESMA) issued an opinion on October 8, 2026, requiring EU-authorized crypto service providers to stop offering stablecoins that do not comply with the MiCA regulation, notably Tether's USDT. Providers mus...
USDT's share of stablecoin payments in the Asia-Pacific region fell from 98% in early 2025 to 91% by July 2026, while other stablecoins increased their combined share from 2% to 9%. This shift reflects broader regulatory access and institutional inte...
Between September 1 and October 1, Binance users added over 6,200 BTC, raising total Bitcoin holdings on the exchange by 0.91% to about 688,600 BTC. Meanwhile, balances of Ether, Tether, and BNB decreased by 4.61%, 0.87%, and 0.77% respectively. This...
Polygon Labs has integrated TRON's network into its Open Money Stack platform, enabling businesses to use the $94 billion USDT stablecoin for seamless cross-border payments and transfers. This allows remittance firms, fintechs, and payment providers ...
