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.
Flare Network's token price rose 6.67% in 24 hours alongside a 181% increase in trading volume, breaking past the $0.00725 resistance level. This price bounce was supported by the launch of Tether's omnichain deployment accessible via Superform, thou...
Tether froze over $72 million USDT on the Tron network after an on-chain investigator linked a large wallet to significant Monero (XMR) buying and a sharp price spike from $330 to $420. The wallet moved $120 million USDT across multiple exchanges and...
MassPay, a global payout platform, now enables eligible clients to send USDC stablecoin payments instantly worldwide using Coinbase's payment infrastructure. This integration allows businesses to manage wallets, convert funds to USDC, and initiate pa...
In the past 24 hours, USD Coin (USDC) experienced a net outflow of $141 million while Tether (USDT) saw a net inflow of $41.4 million, indicating a rotation of capital among stablecoins. Bitcoin showed heavy two-way flows with a small net outflow, su...
Cryptocurrency prices are fluctuating with Bitcoin holding steady around $61,956, showing a slight increase of 0.16%. Meanwhile, many altcoins such as Ethereum, Binance Coin, XRP, and Solana have experienced declines ranging from 1% to over 7%. This ...
