Topic: #tether
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Ledger theft-linked wallet swaps 14.7M USDT to USDD, beyond Tether's freeze reach
A wallet tied to thefts from Ledger hardware wallet users swapped roughly 14.7 million USDT into USDD on October 9, according to on-chain investigators, moving the funds outside Tether's freeze controls.
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Tether blocklist freezes four THORChain TRON vaults before swaps resume
Researcher Khal reported a USDT blocklist hit four of THORChain's six TRON vaults on Oct. 9, freezing about 1.45 million USDT by his estimate and halting TRON trading until swaps resumed that afternoon.
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Tether-backed Utexo announces USDT launch on Bitcoin via Lightning and RGB
Utexo, a Tether-backed project, announced a launch of USDT on Bitcoin under a new commercial license, built on Lightning and RGB, and it's in talks with Morgan Stanley on bank custody, U.Today reported.
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Tether's USDT used by 84% of Iran-linked sanctioned wallets, Senate Democratic report says
A Democratic staff report released by Sen. Richard Blumenthal says 84% of 846 Iran-linked sanctioned wallets transacted mainly in USDT. Blumenthal asked Treasury and DOJ to investigate Tether.
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USDT issuance grew on Ethereum without a sustained rise in contract holdings, BIS finds
A BIS working paper found more USDT was issued on Ethereum without a sustained rise in smart-contract holdings, with the contract-held share slipping to roughly 10% to 15% after late 2024, CryptoSlate reported.
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Liquid's L-BTC resumes trading with 85% reserve coverage after restart
Liquid's L-BTC token resumed trading on September 10 with Bitcoin reserves covering only 85.15% of outstanding supply, a gap of roughly 627 BTC. Trading on SideSwap reopened while peg-outs remained suspended during the reserve restoration process.
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Tether launches $400M private-credit fund as defaults hit five-year highs
Tether and Fasanara Capital unveiled StableFund, a $400 million vehicle targeting up to $3 billion in institutional capital for USDT-backed lending across fintech networks. The move marks Tether's expansion into private credit as major funds report record defaults.
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Jack Mallers Steps Down as Twenty One Capital CEO; Tether Merger Collapses
Jack Mallers resigned as CEO of Tether-controlled Twenty One Capital on July 20, 2026, as the company abandoned a proposed three-way merger with his bitcoin payments firm Strike and mining company Elektron Energy. Raphael Zagury replaces him.
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UK Tightens Election Funding Rules on Crypto Billionaire Donors
The UK government extended caps on overseas donations to cover a donor's first year of residency, directly targeting billionaire Tether investors and crypto-linked financiers backing Reform UK, amid investigations into undeclared gifts to Nigel Farage.
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Farage Investigated Over Crypto Lobbying Tied to Tether Donor
Parliament's standards watchdog is investigating whether Reform leader Nigel Farage improperly lobbied the Bank of England on cryptocurrency policy to benefit his largest donor, billionaire Christopher Harborne, who holds a 12% stake in Tether.
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Tether unlocks $23B gold reserves for crypto lending via Ledn
Tether is expanding its tokenized gold strategy by allowing XAUT holders to borrow against their bullion through crypto lender Ledn, mirroring established bitcoin-backed lending models without forcing asset sales.