Tether has introduced tether.wallet, a self-custody digital wallet that connects users directly to its global payment and settlement network. The wallet supports USDT, Bitcoin, and other tokens across multiple blockchains, allowing users to send funds easily without intermediaries and pay fees in the same asset they transfer. This move shifts Tether from being a back-end stablecoin provider to offering consumer-facing payment infrastructure, aiming to empower users with full control over their assets. The app currently operates on Ethereum, Polygon, Arbitrum, and Tether’s Plasma network, with plans to add more chains.
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
The US Treasury added four crypto wallets linked to Iran's central bank to its sanctions list, prompting Tether to freeze $131 million in USDT held in TRON-based addresses. These wallets had received over $165 million in stablecoins, part of Iran's b...
Circle won a court-backed arbitration ruling confirming it lawfully suspended Heka Funds' USDC minting and redemption services due to undisclosed ties to Tether and suspected market manipulation. Heka failed to disclose Tether as its main investor, w...
Tether is shifting stablecoin use from crypto trading to everyday financial services by leading a $7 million investment in Pact Labs. The company aims to integrate its stablecoin USA₮ into payroll systems and real-time payments, addressing the $11 tr...
Pact Labs secured $7 million in a Series A funding round led by Tether to enhance its on-chain lending platform on the Aptos blockchain. The company operates the PACT Protocol, which has facilitated nearly $2 billion in loans and serves around 500,00...
