Tether has frozen approximately $2.2 million in USDT connected to outflows from CoinDCX after the exchange admitted to losses caused by a failed process securing deposits sent to retired wallet addresses. The freeze specifically targets the USDT funds involved in these outflows, while CoinDCX's acknowledgment focuses on the deposit process failure. This incident highlights risks in handling deposits to outdated addresses and the resulting financial impact on the exchange. The exact total losses for CoinDCX remain unspecified beyond the frozen amount by Tether.
As of Oct 24, 2026 16:02 WIB, USDT on Pluang trades at Rp18.038 with a slight 1-day increase of 0.01%. The stablecoin maintains a large market cap of Rp3.300,74 trillion and a high 24-hour trading volume of Rp898,59 trillion, reflecting active liquidity despite the recent freeze of about $2.2 million in USDT linked to CoinDCX outflows. Pluang users show a buying preference with 61% buy orders and hold USDT for an average of 92 days.
Papertrade generated $13.38 million in protocol revenue over seven days, ranking fifth among 10 protocols as of October 23. It trails behind Tether ($122.87M), Circle ($48.98M), Hyperliquid ($15.10M), and Pump ($14.71M). Papertrade offers synthetic p...
Tether has blacklisted several USDT wallets reportedly connected to abnormal outflows from CoinDCX, India's largest crypto exchange, freezing the funds at the smart-contract level. This move prevents any further transfers from those wallets and is pa...
The US Senate has launched an investigation into Tether, the issuer of the USDT stablecoin, over allegations it paid $6.3 million to a consulting firm linked to Bo Hines, a former White House crypto adviser. The payments were reportedly made through ...
Senator Richard Blumenthal has requested Tether to provide records by November 3 regarding payments to Nxum, a consulting firm co-owned by Bo Hines, who helped craft the GENIUS Act on stablecoin regulation. Nxum reportedly earned $6.3 million from a ...
Utexo has started testing the minting, transfer, and redemption of Tether USDt (USDT) on Bitcoin's Signet test network, targeting exchanges, wallet providers, and market makers. The tests use the RGB protocol, which keeps transaction details confiden...
