A court filing alleges that Tether, the largest stablecoin issuer, influenced US stablecoin legislation through Howard Lutnick, its banker and Cantor Fitzgerald executive. Senators Warren and Wyden question a loan from Tether to a trust benefiting Lutnick's family, suggesting a conflict of interest tied to the GENIUS Act, which favored Tether's operations. The controversy raises concerns about regulatory fairness and national security risks, with calls for a full audit of Tether's reserves still unmet. Investors should watch for potential changes to the law and market confidence impacts if scrutiny intensifies.
Tether CEO Paolo Ardoino highlighted that USDT, the largest stablecoin, is increasingly vital for developing countries, facilitating both domestic and cross-border trade. Emerging economies like Venezuela and Bolivia rely on USDT to hedge against fai...
Two violent home invasions in France led to $667K in crypto theft at knifepoint, traced by investigator ZachXBT to a suspect flaunting wealth on Telegram. The stolen Bitcoin was laundered through Chainflip and KuCoin, with some converted to USDT on E...
USDT stablecoin usage is growing rapidly in Venezuela, Argentina, Bolivia, and Turkey as citizens seek to protect their wealth amid currency depreciation and limited access to physical U.S. dollars. These countries face high inflation and economic in...
Tether's stablecoin USDT gained about 1.6 million new holders last week, significantly outpacing USDC's 591,100 new holders, showing stronger adoption despite a cooling stablecoin market. USDT's market cap is around $183 billion, about 2.5 times larg...
USDT deposits on Aave V3 increased by $526 million over three months, pushing total deposits to about $3.03 billion by late July 2026. This surge reflects strong demand for stablecoins in decentralized lending, with active USDT loans reaching $2.5 bi...
