teth

According to official news, Tether Gold (XAU₮) has been recognized as a "qualified spot commodity" by the Abu Dhabi Global Market (ADGM).After approval, ADGM institutions holding the relevant licenses can provide XAU₮ related services to clients, provided they meet regulatory requirements.

On the first anniversary of the signing of the GENIUS Act, the prospects of Tether USDT in the U.S. market face uncertainty. The act has a three-year compliance grace period, with about two years remaining, after which non-compliant stablecoins will not be able to trade on U.S. crypto platforms.According to Tether's latest disclosure, about 25% of USDT reserves are still allocated to assets such as precious metals, loans, and Bitcoin, which do not meet the requirements of the GENIUS Act. The act requires issuers to fully back their stablecoins with high liquidity assets such as cash and U.S. Treasury bonds. Tether CEO Ardoino promised compliance last year, and the company has launched the USAT stablecoin for the U.S. market through Anchorage Digital this year, but usage remains low.There is a divergence in the legal community regarding the compliance timeline for foreign issuers. Some lawyers believe that foreign issuers must immediately comply with freezing and seizure orders when the act takes effect (expected next January), but they have about two years to meet the remaining requirements. The policy director of Anchorage Digital stated that institutional users will transition to compliant stablecoins before the 2028 deadline. Currently, federal regulators have not finalized the implementation details of the GENIUS Act, and companies have no specific regulations to follow. Tether has not responded to CoinDesk's request for comments on compliance progress.

Tether CEO Paolo Ardoino posted on the X platform that Tether's wallet development toolkit has launched a web playground feature, allowing users to test the basic functions of the wallet in their browser.

The U.S. Treasury Department has added four Iranian central bank-related cryptocurrency wallets to the sanctions list, and Tether has frozen $131 million USDT accordingly.This brings the total amount frozen to approximately $475 million.

According to Bloomberg, Tether invested $20 million in the Argentine digital bank Ualá as part of Ualá's announced $197 million financing round in March. Ualá plans to use this funding to accelerate its expansion in Argentina, Mexico, and Colombia.Ualá founder and CEO Pierpaolo Barbieri stated that due to the regulatory environment in Argentina and Mexico, USDT stablecoin will not be integrated into the platform in the short term, and Tether is only participating as a financial investor. Ualá has 11 million customers, and after this financing round, it is valued at $3.2 billion, planning to accelerate expansion in Mexico.

According to on-chain investigator Specter (@SpecterAnalyst), Tether has frozen four TRON chain wallets, holding a total of approximately $131 million USDT.Tracing the source of the funds, most of the funds were withdrawn from the cryptocurrency exchange Bitso. Further investigation shows that the aforementioned wallets are linked to the Islamic Revolutionary Guard Corps (IRGC) of Iran and the Central Bank of Iran, which are on the U.S. Treasury's Office of Foreign Assets Control (OFAC) sanctions list. The official reason for the freeze has not yet been disclosed.

According to the Financial Times, based on the latest publicly available court documents, the stablecoin issuer Circle had banned the crypto fund Heka Funds, supported by Tether, at the end of 2023 due to suspicions that it was manipulating the market through large-scale arbitrage operations and helping Tether expand its market share. The documents show that during the Silicon Valley Bank (SVB) crisis in 2023, USDC briefly fell below the $1 peg. Heka continuously bought discounted USDC in large quantities and redeemed it for cash from Circle. Circle believed that Heka's redemption scale far exceeded that of other market participants and suspected that the related funds ultimately flowed to Tether to help expand its USDT market size.Arbitration documents also revealed that Tether had invested about $800 million in Heka, accounting for about 75% of the fund's assets, and waived the stablecoin minting fees. The arbitrator found that Heka did not truthfully disclose its supportive relationship with Tether and was aware that the related information would raise concerns for Circle. In 2024, Heka initiated arbitration due to its account being frozen, claiming approximately $49 million in lost profits. In February of this year, the arbitrator dismissed all of Heka's claims, determining that it had engaged in malicious behavior and ordered it to pay Circle about $166,000 in attorney and expert fees. Heka denied any market manipulation and stated that it had never been subject to regulatory investigation; Circle declined to comment, and Tether did not respond to media requests for comment.

According to official news, Tether announced it will lead a $7 million Series A financing for Pact Labs, with Blockchange Ventures and Lasagna participating in the follow-on investment. The funds will be used to support Pact Labs in building infrastructure related to USA₮ and expanding its applications in payroll, earned wage access, credit, and daily payments.Pact Labs primarily provides digital wallet embedding, real-time payroll transfers, and financial service capabilities for enterprise platforms, aiming to improve the low processing efficiency and long settlement periods of the traditional U.S. payroll system. Tether stated that this collaboration aims to promote deeper integration of the digital dollar USA₮ designed for U.S. compliance standards into the daily financial systems of local workers and businesses.

DeFiLlama data shows that Uniswap's trading fees in the past 24 hours were approximately $5.027 million.Uniswap founder Hayden Adams stated that Uniswap's daily trading fees are second only to Tether and Circle, and significantly higher than projects like Hyperliquid and Pump.

According to on-chain analyst Yu Jin's monitoring, Tether uses 15% of its quarterly profits to purchase BTC for its reserve address, which made a test deposit of 4 BTC (worth $250,000) to Binance 5 hours ago.This address transferred 204.3 BTC (worth $14.36 million) to Bitfinex a month ago, when the price of BTC was around $70,000. Previously, Tether would bring the BTC purchased in the quarter onto the chain on the last day of each quarter, but now that the second quarter has ended for over ten days, no new coins have been seen transferred to the reserve address.

The founder of TRON, Justin Sun, stated that the milestone of 90 billion has finally arrived, marking a critical moment for both Tether and TRON. TRON remains one of the main networks for large-scale settlements of stablecoins.It is reported that with the issuance of TRC20-USDT exceeding 90 billion USD, the scale of stablecoins on the TRON network has reached a new historical level.

According to Whale Alert monitoring, at 15:42 Beijing time, Tether Treasury minted an additional 1 billion USDT on the Tron network.

CryptoQuant, citing on-chain data analysis, states that Tether Treasury has destroyed $2.5 billion worth of USDT on the Ethereum network, marking the largest single destruction on this network since February of this year. This scale exceeds the $2 billion destruction on May 8 and is second only to the historical high of $3.5 billion on February 10.Meanwhile, the USDT balance flowing in and out of Binance through the Tron network has dropped to approximately $806 million, the lowest level since December 29, 2025 ($391 million), falling below the $1 billion mark, indicating a significant contraction in USDT liquidity in the Binance Tron channel. The large-scale destruction by Tether Treasury itself reflects more on redemptions, fund management, or cross-chain rebalancing operations rather than being a direct market signal; however, the simultaneous contraction of Ethereum's supply side and Binance's Tron liquidity is worth ongoing attention to see if the trend of tightening liquidity in dual-chain stablecoins continues.

Stablecoin issuer Tether announced a strategic financing round investment of $20 million in the Latin American on-chain financial services platform Mercado Bitcoin to support its development in asset tokenization, payments, credit, capital markets, and compliant digital financial services.Founded in 2013, Mercado Bitcoin has expanded from a digital asset trading platform to a comprehensive on-chain financial infrastructure platform, covering areas such as trading services, tokenized investment products, lending, stablecoin payments, banking infrastructure, and cross-border financial services. The funds from this financing will primarily be used to expand payment infrastructure, increase the scale of tokenized products for institutional and retail investors, develop credit business, advance on-chain capital market construction, seek strategic cooperation opportunities, and promote international expansion.

Former Tether Chief Investment Officer Richard Heathcote plans to sell part of his 1.26% equity stake.The USDT issued by Tether accounts for about 59% of the stablecoin market share.

According to on-chain analyst Yu Jin's monitoring, one hour ago, the Ethereum Foundation funded the non-profit development organization Argot with 2,469 stETH, worth approximately 4.34 million USD.Last July, the Ethereum Foundation provided Argot with a three-year operational funding grant totaling 7,000 ETH. After receiving it, Argot sold 4,826.6 ETH at an average price of 3,194 USD, exchanging it for 15.417 million USDC.Today, Argot received the fourth-year funding from the Ethereum Foundation, amounting to 2,469 stETH. In July next year, Argot will also receive the final fifth-year funding, also for 2,469 stETH. On-chain transactions show that the funds have been transferred to the relevant address of Argot.

Tether CEO Paolo Ardoino posted on the X platform, stating that large AI tech companies are acquiring users through subsidized computing power and continuously investing in high-cost infrastructure and capital expenditures, but related assets face rapid depreciation pressure of about 3 to 5 years.He pointed out that there are multiple mismatches in the current industry, including the mismatch between token prices, profit timelines, and the maturity of capital costs; meanwhile, open-source AI is also continuously eroding the industry's growing revenue share.

According to Decrypt, UK Labour MP Phil Brickell has requested the Parliamentary Commissioner for Standards to investigate Reform UK leader Nigel Farage, examining whether he engaged in improper lobbying regarding the Bank of England's cryptocurrency policy after receiving significant financial support from Tether's major investor Christopher Harborne.Reports indicate that Farage privately met with Bank of England Governor Andrew Bailey in September 2025, where he advocated for abandoning the launch of the central bank digital currency "Britcoin" and opposed limits on individual holdings of stablecoins.Christopher Harborne is alleged to hold approximately 12% of Tether's equity and previously provided Farage with an undisclosed personal gift of £5 million, as well as donating around £15 million to Reform UK.