Conduit has filed a lawsuit against Tether in New York federal court, accusing the stablecoin issuer of freezing $2.76 million in its treasury wallet on September 24, 2025, without justification and refusing to release the funds for over a year. The freeze allegedly forced Conduit to lay off employees and close offices, while Tether earned interest on the backing reserves. The dispute centers on a Brazilian police investigation into a third party, Onix, but Conduit states its wallet was created after Onix's last transaction and never held Onix funds. The case highlights growing scrutiny of Tether's power to freeze USDT tokens at will and its broader implications for the stablecoin market.
Despite the lawsuit against Tether over a $2.76 million stablecoin freeze, USDT trades steadily on Pluang at Rp17,872 with a slight 0.08% decline as of Oct 07, 2026 03:03 WIB. Its market cap stands robust at Rp3.284,2 trillion, supported by a balanced order activity of 48% Sell and 52% Buy. This stability contrasts with the ongoing legal challenges, highlighting USDT's continued liquidity and investor engagement on the platform.
The stablecoin market cap has surpassed $310 billion, adding over $1 billion in liquidity in just 72 hours, signaling strong growth heading into Q4. Tether is reintroducing USDT on the Bitcoin network, while Circle is launching cirBTC, a wrapped BTC ...
Utexo is set to launch USDT on the Bitcoin mainnet in October, offering services including private USDT transfers, direct Bitcoin swaps, and loans backed by native Bitcoin without wrapping. The platform aims to keep transaction details private and wi...
Tether's stablecoin USDT is launching on the Bitcoin network this month through Utexo, a startup licensed to deploy it using the RGB protocol for transaction privacy. This move marks USDT's return to Bitcoin after originally debuting there in 2014 be...
Tether-backed stablecoin USDT is relaunching on the Bitcoin blockchain after 12 years through Utexo, combining Bitcoin's security with Lightning Network speed and RGB privacy. This move aims to make Bitcoin a settlement rail for dollar transactions, ...
Utexo, backed by Tether, has obtained a commercial license to issue USDT on the Bitcoin network and plans to launch this month. The platform uses RGB technology to enable private USDT transfers and direct BTC-USDT swaps without wrapping Bitcoin, targ...
