Tether sent about $6.3 million to Nxum, a consulting firm co-founded by Bo Hines, during the time he served as executive director of the White House's digital assets council. Hines later became CEO of Tether's US operations. This has raised conflict-of-interest questions because Hines helped promote the GENIUS Act, a law regulating stablecoins like Tether's USDT. Nxum claims Hines was not involved in Tether business while in government, but payment records suggest otherwise, putting scrutiny on the timing and ethics of these transactions. This controversy could impact Tether's efforts to expand under the new stablecoin regulations.
Tether's USDT remains stable on Pluang, trading at Rp17.899 with a marginal 1-day increase of 0.02% as of Oct 15, 2026, 11:51 WIB. Despite the controversy over payments to Bo Hines' firm, USDT holds a significant market cap of Rp3.299,36 trillion and a high 24-hour trading volume of Rp1.487,4 trillion. The platform shows a majority sell order activity at 67%, contrasting with 33% buy orders, and investors typically hold USDT for about 91 days, indicating steady engagement despite regulatory scrutiny.
Bitcoin (BTC) fell below $78,000, trading at $77,799 with a 3.09% drop over 24 hours. Ether (ETH) and Hyperliquid's HYPE token also declined, down 4.22% and 7.67% respectively. Other cryptocurrencies like Uniswap, Internet Computer, and HTX DAO poste...
The T3 Financial Crime Unit, a high-profile crypto crime-fighting alliance involving Tron, Tether, and Binance, was quietly disbanded in late August 2026 due to slow response times and poor coordination among members. Founded in 2024 to combat illici...
Tether led protocol revenues for the seven-day period ending November 4 with $118 million, more than twice the $47.38 million earned by Circle. Titan Builder followed in third place with $23.73 million, boosted by a sharp revenue spike around October...
TRON has become the most popular blockchain platform for stablecoin holders, averaging 76.53 million in Q3 2026, which is about 40.45% of all holders across 45 platforms. This surpasses Ethereum's 26.32 million holders and highlights TRON's growing r...
TRON has solidified its position as the primary network for Tether's USDT stablecoin, processing $19.4 billion in transfers over 24 hours and capturing about 73% of total stablecoin transfer volume in Q3 2026. The network benefits from low fees, high...
