The U.S. GENIUS Act, which regulates stablecoins, reached its first anniversary with federal regulators yet to finalize rules, leaving compliance uncertain. Tether's USDT, the largest stablecoin by volume, must overhaul its reserves and operations to meet the law's standards within two years or face exclusion from U.S. crypto platforms. While Tether has introduced USAT for U.S. compliance, USDT still holds assets not meeting GENIUS requirements. The law's full enforcement begins in 2028, but some experts suggest foreign issuers like Tether may need to comply sooner. The evolving regulatory landscape could reshape the stablecoin market and which firms dominate it.
Tether has invested in Abu Dhabi fintech Shiga Digital to expand self-custodial digital asset services in Africa and the Gulf Cooperation Council (GCC). Using Tether's Wallet Development Kit, Shiga will offer USDT-powered payments and treasury tools ...
Binance Wallet has introduced the ability to pay blockchain gas fees using USDT on BNB Smart Chain, Ethereum, Solana, and TRON networks. This removes the previous requirement for users to hold each network's native gas token before making transaction...
Tether has introduced beta command-line and Model Context Protocol (MCP) tools to its Wallet Development Kit, enabling AI clients to interact with self-custodial wallets locally. These tools support wallet management functions such as creation, unloc...
After the Bitget hack stole $387.5 million, Circle and Tether froze about $318,000 in stablecoins from one hacker address. However, the majority of the stolen funds, over 63,000 ETH worth around $170 million, remain unfrozen as no issuer can block Et...
Tether has frozen 218,022.97 USDT connected to the Bitget security breach to prevent further movement of the stolen stablecoins. This action followed Circle's earlier freeze of about 100,000 USDC related to the same incident. The stolen funds were mo...
