Tether has completed its first full financial audit conducted by KPMG U.S., one of the Big Four accounting firms, for the year ending 2025. The audit confirmed that Tether's reserves backing its $180 billion USDT stablecoin exceed its liabilities by $6.814 billion, providing greater transparency amid long-standing concerns about the token's stability. This audit goes beyond previous quarterly attestations by thoroughly examining transactions, systems, and assets, including a physical inspection of gold bars. The completion of this audit addresses ongoing skepticism and marks a significant step in reinforcing confidence in USDT's financial backing.
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...
