Bloomberg Intelligence strategist Mike McGlone forecasts that Tether (USDT), a dollar-pegged stablecoin, is likely to overtake Bitcoin as the largest cryptocurrency by market value. He highlights the growing dominance of stablecoins reshaping the crypto market and notes Tether's recent rise above Ethereum in market capitalization. McGlone also warns of a potential Bitcoin price collapse to $10,000 amid a broader market deleveraging and expects a downturn in commodities like crude oil due to stock market corrections. This signals a significant shift in crypto dynamics, with stablecoins gaining prominence over speculative tokens like Bitcoin.
A Senate Democratic report alleges that Tether's USDT stablecoin is central to Iran's shadow banking network, linking it to sanctioned crypto addresses and groups like Hezbollah and Hamas. The report criticizes Tether for slow action on freezing illi...
U.S. Senate Democrats on the Homeland Security and Governmental Affairs Committee accused Tether's USDT stablecoin of facilitating Iran's evasion of international sanctions. They highlighted that Iran's shadow banking network processed about $20 bill...
A Senate subcommittee report alleges that Tether's USDT stablecoin is a key financial tool in Iran's sanctions evasion network, with Iran conducting about $2 billion in transactions in 2025. The report claims Tether delayed freezing Iran-linked walle...
A Senate Democratic report alleges that the USDT stablecoin Tether is extensively used by the Iranian government to bypass international sanctions, facilitating an estimated $2 billion in transactions last year. The report criticizes Tether for incon...
A Senate investigation revealed that 84% of Iran-linked sanctioned crypto wallets use Tether's USDT stablecoin, highlighting its role in bypassing U.S. sanctions. Tether reported freezing about $550 million in Iran-linked USDT wallets this year, supp...
