USDT

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.

Russia is moving to implement restrictions on retail cryptocurrency trading. These new regulations limit the cryptocurrencies that can be traded to only three specific digital assets: Bitcoin, ether, and USDT.

Russia's central bank proposed allowing Bitcoin, Ether, and USDT to trade on regulated exchanges. This proposal follows a law that was signed by President Vladimir Putin last week.

Bitcoin analysis suggests that sell pressure will not increase, a conclusion reached following a historically large contraction in the USDT market cap over 60 days. This observation was made after Bitcoin experienced a $4B drop in USDT market capitalization.

S&P awarded BlackRock's tokenized reserve fund a top stability rating for its ability to maintain a stable net asset value. Separately, S&P reaffirmed USDT as one of the lowest-rated stablecoins under its existing assessment framework.

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.

A user encountered Prime Pro X, an AlgoTrading bot company claiming no losses and high returns. After a profitable demo account, the company suggested a $2500 plan with 8-10% weekly returns, requiring USDT or cash deposits due to Forex trading illegality in India. The user is unsure if it's a scam despite the high returns seeming suspicious.

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.

Garden Finance disabled its app following a $450,000 USDT exploit reported by Blockaid. The attacker drained funds from Garden Finance’s HTLC contracts across Ethereum, Base, Arbitrum, and BNB Smart Chain.

Enforcement Directorate (ED) in Bengaluru uncovered a $35 million cryptocurrency over-the-counter (OTC) scam and seized digital assets worth 8,700 USDT.

Nigeria recorded $59 billion in crypto-asset inflows between July 2023 and June 2024, ranking second globally in crypto adoption. Stablecoins like USDT and USDC account for 43% of crypto volume in Sub-Saharan Africa, driven by households and SMEs. Regulatory shifts are reshaping cross-border payments in the region.

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.

Bolivia is considering recognizing USDT to address a dollar shortage, while Bitcoin miners' AI projects are under new investor scrutiny.

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.

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.

Bolivia is considering a framework to recognize USDT, the world's largest stablecoin, for payments, savings, and trade amid pressure on foreign currency reserves. The move aims to address a dollar shortage by leveraging the stablecoin's utility.

Lawson will test yen stablecoin payments in Tokyo as Netstars launches a merchant service supporting USDC, USDT, and JPYC. The developments mark progress in Japan's adoption of stablecoin payment systems.

The Bank of Thailand and the SEC are using data analytics tools to audit high-volume USDT trades to combat illicit finance.

The Bank of Thailand is targeting USDT and cash flows as part of a crackdown on gray money. The country faces issues with Chinese-affiliated scam centers channeling illicit gains through a gray money economy.

Revolut is removing USDT support in the EEA and Switzerland but maintaining it elsewhere. The company is phasing out the stablecoin in selected European markets.

A scammer is exploiting thieves by offering a wallet with 400 USDT that requires $5 in TRON to withdraw, but a bot seizes deposited TRON when users attempt to steal the funds. Analysis suggests the scammer earns approximately $27,000 annually from would-be thieves.

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.

Revolut will delist USDT after August 31, automatically converting remaining holdings into users’ base currency. The decision cites regulatory and risk concerns as the reason for the removal.

A strategy authorizes Bitcoin sales, Open USD competes with USDT and USDC, Fidelity defends Bitcoin security, and the crypto industry increases political spending for 2026.

Open USD, a new stablecoin, is challenging existing stablecoins USDC and USDT. It is supported by major companies like Visa, Mastercard, and Google.

India's USDT premium exceeded 8.5% following Enforcement Directorate raids on Bengaluru crypto firms, which disrupted stablecoin supply. The crackdown on crypto remittances is cited as a key factor in the supply squeeze.

A stranger sent login credentials to an account on mjn.cc claiming to hold 6.3 million USDT, with a message about planning to 'leave this world.' The recipient suspects a scam due to the unknown sender, emotional appeal, unfamiliar platform, and unrealistic fund size.

Tether generates revenue by earning interest on reserve assets backing USDT, primarily investing in short-term U.S. Treasury bills and low-risk instruments. The yield from these investments is Tether's core income source.

A user previously scammed out of $37,000 through a fake crypto platform was contacted by a self-proclaimed recovery service. The service requested evidence, helped create a Binance wallet via a Telegram link, and claimed to recover 27,563 USDT with a pending transaction. The user is now suspicious after being asked to deposit their own funds to 'activate' the wallet, which they question as a potential scam tactic.

South Korean police arrested 23 individuals involved in a $11.1 million USDT money laundering scheme from February 2024 to April 2025 by purchasing USDT and trading on exchanges.

Adecoagro, a Tether-backed agribusiness, will launch sugarcane-powered Bitcoin mining in Brazil starting July 1, 2026, using 10 megawatts of energy from sugarcane waste in Ivinhema, Mato Grosso do Sul. The project involves 1,280 mining machines and leverages surplus electricity generated from bagasse, a byproduct of sugarcane processing, with Tether contributing expertise in digital assets and its proprietary Mining OS.

Trezor has integrated Morpho to enable users to earn native USDt and USDC yields directly through the Trezor Suite. This feature eliminates the need for external wallets or separate DeFi applications.

Traders are showing increased preference for US dollars over Bitcoin, with stablecoins USDT and USDC gaining dominance in the market. This shift highlights a trend toward traditional fiat currencies and stable digital assets amid cryptocurrency volatility.

Stable, a blockchain platform focused on Tether's USDT, has launched an institutional yield product allowing holders to earn returns tied to traditional assets like U.S. Treasuries and gold. The product is designed for institutional investors seeking diversified yield opportunities.

A user seeks reliable and transparent services for converting USDT on the Tron network to Monero cryptocurrency. They report experiencing inconsistent fees and unexplained discrepancies in received amounts across different services.

The author is considering swapping USDT for Bitcoin and is looking for decentralized ways to do so without using centralized exchanges. They prefer non-custodial and privacy-friendly options that do not require Know Your Customer (KYC) verification. The author wants to avoid platforms like Coinbase.

The author is owed a debt and needs to receive USDT on Coinbase, but is being told to deposit $1000 to activate their account. The author is unsure if this is correct. The debtor's employee is facilitating the payment.

A user swapped 37,028 wOCT for 2010 USDT on Metamask and only received $1,576 USDT, with $421.80 routed to a Metamask wallet. The user claims this is a scam and that support blamed low liquidity. The blockchain data shows the full amount was generated.

Bybit rejected USDT recovery from Morph Network, despite documentation stating they recover unsupported deposits. This decision may impact user trust and Bybit's reputation. The situation highlights potential inconsistencies between Bybit's policies and actions.