Thailand's central bank and SEC are auditing high-volume Tether (USDT) transactions and plan to require proof of origin for cash deposits over 5 million baht ($150,000). These measures, part of a broader crackdown on the grey economy, aim to curb illicit financial flows and follow a 35% drop in large cash withdrawals since new due diligence checks were implemented in April. The central bank is also tightening oversight of gold trading and reviewing legal frameworks for new deposit requirements, indicating a sustained effort to regulate financial activities.
TRON blockchain now holds more than $90 billion in USDT stablecoins and leads 2026's USDT transfer volume with about $4.2 trillion year-to-date, making it a dominant payment rail due to low fees and predictable transaction costs. Despite this massive...
Hyundai is testing stablecoins USDT and USDC for faster internal transfers between its subsidiaries, reducing transfer times from hours to about 7 minutes. The pilot with Tether's USDT showed superior speed and stability compared to traditional bank ...
Hyundai Card, Hyundai Motor Group's financial arm, successfully completed a $20,000 USDT transfer between its US and Mexico subsidiaries on the Avalanche blockchain in just seven minutes, compared to the usual 3-4 hours via traditional bank wire. Thi...
Circle's EURC stablecoin has seen record activity in Europe, with 1,760 active addresses and 713 new wallets daily, driven by the MiCA regulation which excludes non-compliant stablecoins like Tether's USDT from European platforms. This regulatory env...
Circle, the issuer of the USDC stablecoin, is contesting a criminal case in Wisconsin accusing it of failing to return 381,235 stolen USDC tokens to local authorities. The dispute arose after a scam victim's tokens were frozen by court order, but Cir...
