Tether faces a lawsuit in Manhattan federal court from terrorism victims and their families seeking control of $344 million in frozen USDT tied to Iran's Islamic Revolutionary Guard Corps (IRGC). The frozen funds are held in two Tron wallet addresses sanctioned by the U.S. Treasury and frozen by the Office of Foreign Assets Control (OFAC). Plaintiffs argue Tether can control and transfer these funds since it can blacklist addresses and freeze assets on its network. The case raises concerns about centralized stablecoins' role in sanctions enforcement and follows scrutiny of Tether's dealings with Iranian-linked crypto platforms.
Ethereum's stablecoin market cap increased by $116.1 million in 24 hours, reaching about $162 billion and controlling roughly 54.5% of the global stablecoin market. This dominance far exceeds competitors like Tron and Solana, with Ethereum hosting ne...
In 2026, while the overall stablecoin market shrank, Tron’s stablecoin supply rose to a record $89.2 billion, driven mainly by USDT which makes up 98.5% of its stablecoins. Tron now holds 28.7% of the total stablecoin market and hosts $87.9 billion i...
Ngrave released firmware version 1.8 for its ZERO hardware wallet, introducing a new open-source Universal QR Protocol that replaces its legacy QR system, enhancing transparency and security. The update also expands token support on the Polygon netwo...
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...
