Two Thai businessmen sued Tether in New York, challenging the company's authority to freeze about $42.4 million USDT in October 2025 without a court warrant. The freeze followed an informal request from Homeland Security Investigations amid a broader probe into investment fraud involving over $61 million USDT. The plaintiffs argue Tether acted prematurely before receiving legal authorization and seek damages and removal of the freeze. The case tests the limits of stablecoin issuers' power to restrict tokens on law enforcement requests without judicial approval.
Tether is winding down its synthetic gold-backed stablecoin aUSDT, giving holders until September 17, 2026, to redeem their tokens via the Alloy platform and reclaim the underlying Tether Gold (XAUT) collateral. Despite the announced deadline, on-cha...
Tether's US-regulated stablecoin, USA₮, ended July with $175.91 million in reserves backing 175.25 million tokens, creating a $660,000 surplus. The reserves consist of US dollars and Treasury-backed reverse repurchase agreements held by Anchorage Dig...
Tether's USA₮ stablecoin maintained over 175 million tokens in circulation by the end of July, with reserve assets totaling $175.9 million. This created a record reserve surplus of $661,079, exceeding the redeemable supply by about 5%. Most reserves ...
Tether CEO Paolo Ardoino disputes the Bank for International Settlements' (BIS) preference for tokenized bank deposits, arguing that stablecoins backed by US Treasury bonds provide more solid reserves and guarantees. Ardoino highlights that tokenized...
Tether CEO Paolo Ardoino criticized the Bank for International Settlements (BIS) for promoting tokenized bank deposits over stablecoins, arguing that stablecoins are safer because they are fully backed by U.S. Treasuries, unlike tokenized deposits wh...
