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Two Thai businessmen are suing Tether for freezing $42.4 million in USDT across ten Ethereum addresses. The plaintiffs allege Tether executed the freeze based on an informal verbal request from Homeland Security, months before a warrant was issued.
Hasib dismisses the plan by 21 financial institutions to launch a dollar stablecoin in 2027 as a non-starter. He argues slow-moving, regulated banking committees cannot compete with agile, founder-led fintech startups like Tether or Stripe.
Sber plans to offer crypto-backed loans accepting Tether USDT as collateral under Russia's new crypto law signed by Vladimir Putin. Sber CFO Taras Skovortsov notes there is little public interest in Russia's digital ruble central bank digital currency.
Jason Calacanis praises Donald Trump's strategy to require stablecoin issuers like Tether and Circle to back their tokens dollar-for-dollar with US Treasuries. This strategy allows Treasury Secretary Scott Bessent to phase out 30-year papers and issue high-velocity 90-day T-bills.
Eric Yakes highlights Tether's Big Four audit as a major milestone for market legitimization. Yakes notes that Tether holds over 20 billion dollars in gold and Bitcoin reserves alongside its massive position in US government treasuries.
Ledn integrates Tether Gold, USDT, and USDC, allowing users to trade across 10 pairs with 0.5% spreads. The platform has secured over $11 billion in client assets since 2018 without lending out transaction collateral.
Tether abandoned an estimated one hundred twenty million dollar Bitcoin mining project in Uruguay following a contract dispute with state power utility UTE. The dispute intensified after a new left-leaning government took office and appointed new utility directors.
Despite the collapse of the Uruguay testbed, Tether continues regional expansion, backed by massive USDT reserves and an active investment portfolio. Prior to the shutdown, Paolo Ardoino claimed Tether would become the largest global Bitcoin miner by the end of 2025.
Wuckert Jr. describes Tether and Bitfinex as the Tetheral Reserve. He argues their massive investments in block size status-quo entities like Blockstream allow them to leverage unbacked token issuance to consolidate power.