Tether

Following an audit by KPMG confirming that its reserves exceed liabilities by $6.8 billion and detailing over 150 tons of gold bullion, Tether is shifting its identity away from 'crypto.' CEO Paolo Ardoino detailed plans for the company to expand into technology infrastructure, notably providing basic AI services across various verticals like health and finance in the developing world.

Tether received an audit and appears to have passed it, concluding extensive public scrutiny. This development addresses a criticism that has persisted for a long time concerning the stablecoin company.

Tether reported a $1.5 billion operating profit in Q2. However, its reserve buffer decreased by half during the same period.

Tether's excess reserves fell by over $4 billion amid weaker Q2 financial results. The company's net profit dropped from $4.9 billion in Q2 2025 to $1.5 billion in the current quarter.

Tether reported a $1.5 billion profit in Q2 as the USDT supply expanded and its gold holdings increased to over 146 metric tons. The stablecoin's assets include U.S. Treasuries, repo agreements, and significant gold reserves.

Visa CEO avoids labeling Open USD as a challenger to Tether and USDC, stating the company will remain multi-coin and multi-chain as stablecoins proliferate.

Tether's USAT stablecoin, compliant with GENIUS, has launched on the Celo blockchain, marking its first expansion beyond Ethereum. The stablecoin can be used to pay for gas on the blockchain, eliminating the need for users to hold multiple tokens for transactions.

Tether has signed a tokenization agreement with Nairobi Securities Exchange. The partnership focuses on tokenized securities, blockchain-based market infrastructure, and the potential use of USDT as a settlement layer.

LemFi and BVNK are partnering to route cross-border remittances in Kenya through BVNK’s regulated stablecoin infrastructure, reducing transfer costs to 2–3 percent from traditional 6.5 percent. The collaboration operationalizes a strategy involving Tether to bypass correspondent banking networks.

Swan CEO Cory Klippsten claims Twenty One Capital serves Tether’s U.S. political interests by 'lining pockets where needed.' He also describes Mallers’ role as 'ceremonial.'

The U.S. Treasury froze a $130 million crypto wallet linked to Iran’s Islamic Revolutionary Guard Corps (IRGC) and is tracking assets of Iran’s supreme leader, Ali Khamenei. Treasury Secretary Scott Bessent highlighted Iran’s economic collapse, including an 180% inflation rate and a devalued rial, while noting increased Bitcoin adoption in the country.

Jack Mallers has stepped down as CEO of Bitcoin treasury Twenty One Capital, succeeded by Raphael Zagury. The company, which listed on the NYSE seven months ago, aims to become an institutional-grade operating company focused on cash flow and capital allocation. Mallers will concentrate on his Bitcoin payments company, Strike.

A proposed merger of three crypto firms, including Tether, has been canceled. One leader, Mallers, stepped down, while another consolidated power within the Tether-backed franchise.

Tether's USDT has entered a 2-year countdown that is threatening its position on U.S. crypto platforms. The situation raises concerns about its stability and future on these platforms.

OKX Europe has introduced a feature allowing users to convert Tether’s USDT to MiCA-compliant USDC. The move provides European customers with a voluntary option to shift away from USDT amid regulatory changes under MiCA reshaping the region’s stablecoin market.

USDT and USDC are stablecoins pegged one-to-one to the U.S. dollar, each backed by reserves covering every token in circulation. Tether’s USDT is the largest stablecoin with the deepest liquidity, while Circle’s USDC is the second-largest, emphasizing transparency through frequent audits and public trading.

Tether has invested $20 million in Argentine neobank Ualá as part of its strategy to expand operations in Latin America.

The U.S. added four crypto wallets linked to Iran's central bank to sanctions. Tether froze $131 million in assets associated with these wallets.

Tether invested $20 million into Ualá, part of a $197 million funding round announced in March. The investment is directed toward the Argentine neobank.

Circle suspended Heka Funds over suspected market manipulation after learning Tether had invested $800 million in the arbitrage fund. Arbitration filings reveal the suspension was due to concerns about market manipulation.

Tether led a $7 million investment round in Pact Labs to support the adoption of its USAT stablecoin. Tether USAT stated that Pact Labs provides the infrastructure for digital dollars compliant with U.S. regulations.

Bolivia is considering integrating Tether's USDT stablecoin into its national payments system, as reported by a local source. The USDT is described as the largest dollar-backed stablecoin.

Hyundai Card completed its first real-world stablecoin pilot with Avalanche and Tether. Visa and Circle will participate in a second stablecoin proof-of-concept set to begin later this month.

Bankers filed a Suspicious Activity Report in May 2024 regarding a £5M gift from a Tether billionaire to Farage. The report prompted the National Crime Agency to assess whether further investigation is warranted.

Nigel Farage resigned as an MP amid two investigations into gifts received from Tether investor Christopher Harborne and convicted fraudster George Cottrell. The resignations are linked to probes involving crypto-related gifts.

Tether has invested $20 million in Brazilian crypto exchange Mercado Bitcoin to support its expansion across Latin America. The investment aims to fuel Mercado Bitcoin's growth in the region.

Dune data indicates Tether's USDT dominates as a payments stablecoin, while Circle's USDC leads in DeFi applications, emphasizing the influence of blockchain choice on stablecoin usage.

Tether has invested in Mercado Bitcoin to expand tokenized finance across Latin America. This move adds to Tether's growing portfolio of infrastructure investments.

A former Tether investment chief is seeking to sell part of his stake in the stablecoin company, according to a Bloomberg report. The article does not specify the individual's name or the size of the stake being sold.

Richard Heathcote, Tether’s CIO, is seeking buyers for part of his 1.26% stake in the firm, as reported by Bloomberg.

A former Tether CIO is reported to seek the sale of their stake in the stablecoin issuer. Tether has stated it has no plans to go public, contrasting with other crypto companies considering or postponing IPOs.

Tether’s former CIO plans to sell their stake in the stablecoin company. The article includes a photo of the Tether logo at a Bithumb exchange office in Seoul.

Tether and UTEXO are launching Bitcoin-native USDT via the RGB protocol and Lightning network, enabling private, instant settlements. The integration leverages Bitcoin's UTXO model for security and privacy, contrasting with address-reuse practices on EVM blockchains. UTEXO aims to compete with TRON's dominance in USDT volume.

Circle’s USDC is surpassing Tether in stablecoin volume, according to new data from Visa. The data indicates a shift in market share between the two stablecoins.

New UK election funding rules may impact Reform's cryptocurrency billionaire donors. The restrictions follow Christopher Harborne, a Tether investor and Reform donor, registering to vote in the UK.

Nigel Farage failed to declare funding from a crypto gambling figure convicted of fraud. He is also under a parliamentary standards investigation for an undisclosed £5 million gift from Tether stakeholder Christopher Harborne.

Nigel Farage is reported to the UK Standards Watchdog over alleged lobbying related to cryptocurrency policy. A Labour MP claims the Reform leader pushed the Bank of England on measures that could benefit his largest donor, a major Tether investor.

The U.S. Treasury Department sanctioned over 130 Tron cryptocurrency wallets linked to a Central Asian ISIS affiliate. Tether froze funds associated with these wallets.

OFAC added 134 crypto wallet addresses linked to ISIS-K to its sanctions list, including 131 Tron addresses that received over $1.4 million in crypto donations, according to Chainalysis. Tether froze funds associated with these addresses.

Circle CEO highlights USDC's network advantage as OUSD emerges as a potential challenger to the Circle-Tether duopoly. Bernstein notes unresolved governance, operational, and revenue-sharing issues for OUSD.