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Tether says it helped freeze nearly $550 million in Iran-linked USDT during 2026, while Democratic investigators on a Senate subcommittee allege that delays in blacklisting some identified wallets let tens of millions of dollars keep moving. A preliminary report released Sept. 28 by Democratic minority staff of the Senate Permanent Subcommittee on Investigations analyzed 846 […] The post Tether claims $550 million in Iran freezes, but $35 million slipped past Senate appeared first on CryptoSlate.

The disclosure came as Senate Democratic investigators alleged USDT had become a key part of Iran’s shadow banking network. Stablecoin issuer Tether said it helped authorities freeze nearly $550 million in Iran-linked USDT during 2026, as a Senate Democrat called for an investigation into the stablecoin issuer on Monday. In a statement on Monday, the company said it has been working closely with international law enforcement for years. This year alone, it froze more than $130 million in USDT across four wallets, and in April, it froze more than $344 million linked to the Central Bank of Iran.  “Tether has consistently demonstrated that USDT is not a haven for sanctioned actors, terrorist organizations or criminal networks,” said Tether CEO Paolo Ardoino.   Read more

Court records identify Capstone-held accounts, while Tether has not disclosed whether its bank balance belongs to USDT reserves. The post An $84 million US asset seizure just sparked a massive question for Tether appeared first on CryptoSlate.

Not that long ago, Washington fined Tether for misleading people about the dollars behind its tokens. Today, the company's insatiable appetite for American debt is the main argument for sending those tokens further around the world. The distance between those two positions tells us a great deal about where crypto ended up. Tether built a […] The post Washington has $114 billion reasons to want Tether around appeared first on CryptoSlate.

The five-year deal could strengthen USDC’s reach in emerging markets, though Tether’s liquidity advantage remains hard to dislodge, analysts told CoinDesk.

US prosecutors alleged that a payments business illegally transferred hundreds of millions of dollars at the direction of EQIBank, where Tether holds some assets. Stablecoin issuer Tether said that it had limited exposure through assets held at a bank that reportedly directed a payments company to allegedly move hundreds of millions of dollars on its behalf. In response to reports linking Tether and Bitfinex to a Montana-based payments business named in a civil forfeiture complaint filed by the Department of Justice, a company spokesperson told Cointelegraph that it had “no knowledge” of any of the alleged conduct. Tether confirmed it was a customer of EQIBank, the bank the Justice Department alleged directed the payments company, Capstone, to send and receive money, but the amount held at the bank represented 0.034% of the group’s total assets. US prosecutors reportedly froze about $84 million in Capstone’s accounts as part of the complaint. Justice Department officials alleged that the business was unlicens...

The September 14 complaint targets ten Tron addresses frozen in 2025 and outlines a planned transfer into FBI custody. The post Tether, Binance and a $1.5 billion Iran oil network converge in new US forfeiture case appeared first on CryptoSlate.

USDT spreads dollar claims and Treasury funding demand while Tether keeps reserve ownership, portfolio control and gains above face value. The post Paolo Ardoino says 650 million people decentralized US debt, but Tether still controls the T-bills appeared first on CryptoSlate.

The USDT issuer will originate and advise on deals while Fasanara manages the $400 million-backed fund, which targets up to $3 billion from outside institutions. The post Tether is pushing USDT into a cracking $3 trillion Wall Street debt machine as defaults hit five-year highs at major funds appeared first on CryptoSlate.

The evergreen fund will use USDT infrastructure to support asset-backed lending through fintech platforms in more than 60 countries. Tether and Fasanara Capital have launched a private credit fund backed by $400 million from the two firms that aims to raise as much as $3 billion from institutional investors. The evergreen fund, called StableFund, will use Tether’s USDT (USDt) as settlement infrastructure for short-duration, asset-backed lending to businesses and consumers through fintech platforms in more than 60 countries, the companies said Wednesday. Fasanara will manage the fund’s investments, while Tether will source USDT-linked financing opportunities and provide the infrastructure for moving funds on- and offchain. The fund will focus on small and medium-sized businesses and consumer lending, including trade receivables and supply chain finance. Read more

Tether’s WDK design separates wallet access from payment approval, leaving developers to enforce the limits users expect. The post Paolo Ardoino wants AI agents to hold Tether, but developers are left on the hook for overspending appeared first on CryptoSlate.

Thai businessmen sue Tether over $42M frozen USDT tied to pig butchering scam, Aussie crypto firms face big fines unless they meet licensing deadline. THAILAND Two Thai businessmen have sued stablecoin issuer Tether in a New York district court, claiming it illegally froze $42.4 million in Tether USDt (USDT) in October, as part of a broader case tied to a pig butchering scheme. The plaintiffs claimed that Tether illegally froze the $42 million without a warrant in October 2025, following an informal request from US Homeland Security Investigations. Read more

The plaintiffs didn’t dispute their involvement in the pig butchering scam, but claimed that Tether did not have the authority to freeze the $42 million at the time. Two Thai businessmen sued stablecoin issuer Tether in a New York district court, claiming it illegally froze $42.4 million in Tether USDt (USDT) in October, as part of a broader case tied to a pig butchering scheme. In a Monday court filing, the plaintiffs claimed that Tether illegally froze the $42 million without a warrant in October 2025, following an informal request from US Homeland Security Investigations. Authorities in the Eastern District of North Carolina only issued a seizure warrant for the funds later in February 2026, as part of a $61 million pig butchering case. The warrant directed the burn and reissuance of the tokens to a government wallet.  Read more

The plaintiffs allege that Tether acted in response to an informal U.S. law-enforcement request more than three months before a seizure warrant was issued.

A power-allocation dispute ended two Uruguay mining sites, leaving Tether’s smaller Adecoagro pilot to prove it can secure dependable energy on workable terms. The post Tether’s $120 million Uruguay mining failure now shadows its next Bitcoin bet in Brazil appeared first on CryptoSlate.

Tether says KPMG issued an unqualified opinion on Tether International's 2025 financial statements, its first full audit from a Big Four accounting firm. The audited numbers show reserves exceeding liabilities by $6.814 billion as of Dec. 31, 2025. Quarterly reserve attestations confirm a snapshot of assets against liabilities. A full financial-statement audit examines the balance […] The post Tether finally got the audit critics demanded, just as Washington changed the test appeared first on CryptoSlate.

KPMG’s audit covered Tether’s 2025 financial statements and found its reserves exceeded liabilities by $6.8 billion. Tether completed the first full independent audit of its annual financial statements, with KPMG US issuing a clean opinion on the stablecoin issuer’s 2025 accounts. The audit covered Tether’s balance sheet, income statement and cash flows for the year ended Dec. 31, 2025, including the assets backing its issued tokens and the liabilities they represent. Tether said the audited statements showed reserves exceeding liabilities by $6.814 billion. Unlike Tether’s quarterly reserve attestations, which it has published for years, the full audit subjected the company’s broader financial statements and underlying evidence to independent examination, including transactions, systems, ownership records, valuations and counterparties. Read more

Russia’s central bank proposed allowing Bitcoin, Ether and USDT to trade on regulated exchanges, following a law signed by President Vladimir Putin last week. Russia’s central bank has compiled a proposed list of crypto assets that could be admitted to public trading on exchanges under new rules approved last week. The list includes Bitcoin, Ether and Tether’s stablecoin USDT, the Bank of Russia said Tuesday, adding that the assets meet criteria including market capitalization, average daily trading volume and at least five years of price history on overseas markets. The proposal follows a new law, signed by President Vladimir Putin on Aug. 4, that gives the Bank of Russia authority to determine which digital currencies can be admitted to organized trading and set related rules. Read more

Five open positions held 399,088.74 aUSD₮ of debt, while the cutoff hour and any later platform route remain unpublished. The post On-chain data shows $50 million at risk as Tether’s Alloy shutdown deadline boils down to 5 forgotten gold vaults appeared first on CryptoSlate.

Tether's second-quarter materials report $1.5 billion in net operating profit, earned mainly from Treasuries and repo activity. However, the attached reserve report shows a negative $3.17 billion first-half financial result, and the company's materials do not reconcile the two figures. Subtracting the first quarter's positive $1.04 billion financial result from that first-half figure implies a […] The post Tether claims $1.5B profit, but hidden math reveals a $4.2B hit that halved its safety cushion in 90 days appeared first on CryptoSlate.