Tether | Crypto

Tether has scrapped plans to end USDT on Omni, Bitcoin Cash SLP, Kusama, EOS and Algorand, allowing it to continue in a limited capacity. Stablecoin issuer Tether has abandoned its plan to freeze USDT smart contracts on five chains, saying the tokens will remain transferable but no longer be issued or redeemed. The revised plan impacts users on Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand, Tether said on Friday after receiving feedback from members of these ecosystems. “Following the feedback from the communities of these discontinued blockchains, Tether has revised this approach and will not freeze the smart contracts on these networks.” While users will still be able to transfer tokens on these blockchains, Tether is discontinuing direct issuance and redemption on these chains. “This means the tokens will no longer be officially supported as other Tether tokens.” The initial plan was to end support on Sept. 1. Read more

Tether abandoned plans to freeze its dollar-pegged USDT tokens on several older blockchains and is choosing instead to classify them as “unsupported,” according to an Aug. 29 statement. The change applies to networks such as Bitcoin Cash, Kusama, EOS, and Algorand, among others. Users will still be able to move tokens across wallets, but Tether […] The post Tether abandons plan to freeze USDT on legacy crypto networks, classifies them ‘unsupported’ appeared first on CryptoSlate.

Tether’s share of the stablecoin market has dropped below 60% for the first time in more than two years, signaling a shift in an industry that continues to expand at unprecedented rates. Data from DeFiLlama shows the issuer’s market dominance fell to 59.55%, its lowest level since March 2023, even as the broader stablecoin sector […] The post Tether’s market share dips below 60% for first time since 2023 appeared first on CryptoSlate.

Binance and Tether are eyeing Korea’s stablecoin rules that may boost coins pegged to the South Korean won or strengthen USD dominance. South Korea has become a key focus in the global stablecoin conversation as it draws close attention from major players like Binance and Tether.  Both companies are among the largest stablecoin issuers worldwide, and they both could face major challenges depending on how new regulations unfold in the East Asian nation.  Read more

Tether and Circle are set to meet with the CEOs of South Korea’s four largest banks this week to discuss potential partnerships. Leading stablecoin issuers Tether and Circle are expected to meet with top executives from South Korea’s largest banks this week, according to local media. South Korea’s state-funded Yonhap News Agency reported Thursday that representatives from Tether and Circle are scheduled to meet with the top executives of South Korea’s four major financial groups. The executives are expected to discuss potential partnerships, the issuance of Korean won-backed stablecoins and the distribution of US dollar-backed stablecoins in South Korea. Shinhan Financial Group CEO Jin Ok-dong and Hana Financial Group CEO Ham Young-joo reportedly have scheduled meetings with Circle President Heath Tarbert on Friday. Young-joo is also reportedly scheduled to meet a Tether official on the same day. Read more

Live streaming platform and Bitcoin-hodler Rumble is moving to expand its footprint in artificial intelligence and high-performance computing. On Aug. 10, the video-sharing and cloud services firm disclosed plans to acquire Northern Data, an AI and HPC infrastructure provider. According to the statement, the acquisition would involve a stock exchange offer, where Rumble would issue […] The post Tether to become largest Rumble shareholder in planned Northern Data acquisition appeared first on CryptoSlate.

Tether and Rumble have offered to acquire all shares of AI infrastructure operator Northern Data in a $1.17 billion deal that would make Tether Rumble’s top shareholder. Tether and Rumble proposed to jointly acquire all Northern Data shares, taking full control of the artificial intelligence infrastructure company. According to a Monday Rumble announcement, the deal would build on Northern Data’s existing AI and high-performance computing (HPC) operations. Tether, the issuer of the USDt (USDT) stablecoin and already Northern Data’s largest shareholder, would support the transaction. Tether has hinted at future collaborations involving AI, peer-to-peer communications and data storage solutions. Tether is the centerpiece connecting every company involved in the potential deal, with the firm investing $775 million in the anti-censorship YouTube alternative Rumble at the end of 2024. The two firms deepened their collaboration in May, when Rumble announced its USDT-supporting Bitcoin (BTC) and stablecoin wallet. R...

Tether CEO Paolo Ardoino has revealed that USDT accounts for 40% of all on-chain transaction fees across nine major blockchains, including Ethereum, Tron, and Solana. This dominance isn’t unexpected as stablecoins are increasingly seen as crypto’s “ChatGPT moment,” a breakthrough that makes digital value transfer faster, cheaper, and accessible across borders. Ardoino pointed out that […] The post Tether’s USDT captures 40% of all on-chain fees across 9 major blockchain networks appeared first on CryptoSlate.

Tether’s USDT supply has increased by $26 billion in 2025, pushing its market cap to $163.6 billion as global demand for stablecoin grows. Stablecoin-issuer Tether has become the 18th-largest holder of United States Treasurys globally, surpassing the holdings of South Korea, according to a recent attestation report.  On Thursday, Tether said in its attestation report for the second quarter of 2025 that it holds $127 billion in US Treasury bills. The company said it has $105.5 billion in direct US Treasury exposure and $21.3 billion held indirectly.  Tether’s current holdings show a $7 billion increase from the first quarter. On May 19, the stablecoin issuer reported having $120 billion in T-bills, overtaking Germany’s holdings to take the 19th spot.  Read more

In the first six months of 2025, Tether has had a profit of $5.7 billion, a rise of 9.6% compared to the same period in 2024. Tether disclosed another strong quarter as stablecoins continue to gain traction amid growing regulatory clarity in the United States. The company said it posted $4.9 billion in profit for the second quarter of 2025, a 277% increase compared with the same period a year ago. Tether is the creator of USDt (USDT), a stablecoin pegged to the US dollar and backed by US Treasurys and cash equivalents. According to DefiLlama, USDt continues to dominate the stablecoin market, accounting for 61.7% of all stablecoin value, with a market capitalization of $164.5 billion at this writing. According to Tether, it had $162.6 billion in assets and $157.1 billion in liabilities as of June 30, with most of the liabilities relating to token issuance. Read more

Tether has minted over $20 billion worth of USDT since the start of 2025, pushing the stablecoin’s total circulation beyond $157 billion, according to its quarterly attestation report released on July 31. The company noted that over $13.4 billion in USDT was issued during the second quarter alone, reflecting strong demand for the dollar-pegged token […] The post Tether reports $5.7 billion profit amid record $127 billion US Treasury investments appeared first on CryptoSlate.

Following its latest freeze of nearly $86K in stolen USDt, Tether’s enforcement capabilities are again in the spotlight — raising questions about centralized control in stablecoin ecosystems. Tether, issuer of the world’s largest stablecoin, said on Sunday it had frozen $85,877 in USDt (USDT) tied to stolen funds, acting in “collaboration with law enforcement.” The move has reignited debate over the role of centralized stablecoin issuers in enforcing crypto compliance. The freeze, while relatively minor compared to other such actions by Tether, adds to the company’s growing record of intervention. Tether says it has frozen over $2.5 billion in USDt linked to illicit activity and has blocked more than 2,090 wallets in cooperation with global authorities. Related: Embedding human rights into crypto isn’t optional, it’s foundational Read more

Tether’s USDt stablecoin has surpassed $160 billion market cap, confirming its place as the digital dollar, as Tron leads in blockchain supply. The market cap of Tether’s USDt, the world’s largest stablecoin, has surpassed $160 billion for the first time, a “new mind-blowing milestone,” according to Tether CEO Paolo Ardoino. In a Thursday post on X, Ardoino called the achievement a testament to USDt’s growing role as the digital dollar for “billions of people living in emerging markets and developing countries.” USDt crossed $150 billion in May. Ardoino has said that USDt (USDT) is used by more than 400 million people worldwide, expanding by 35 million wallets each quarter, especially in emerging markets where it serves as a reliable dollar substitute. Read more

Tether, the world’s largest stablecoin issuer, minted an additional $2 billion USDT on July 16 on the Ethereum blockchain. Tether CEO Paolo Ardoino confirmed the mint via a post on X, clarifying that the new mints were an “inventory replenish” on Ethereum. This means the funds serve as inventory for future issuance and blockchain swaps, […] The post Tether mints $2 billion in USDT as supply reaches a record-breaking $160 billion appeared first on CryptoSlate.

Iurii Gugnin allegedly used fake documents to bypass sanctions and launder $530 million for Russian clients. In the process, he deceived US banks. Iurii Gugnin allegedly used his crypto firm to move $530 million through US banks and crypto exchanges using Tether (USDT), facilitating payments for Russian clients tied to sanctioned banks. Gugnin allegedly failed to implement AML regulations and didn’t file suspicious activity reports (SARs), violating the Bank Secrecy Act and misleading financial institutions. Gugnin also reportedly accessed websites that provided information on indicators of criminal investigation and methods for detecting law enforcement surveillance. Read more

These blockchains played a foundational role in Tether’s growth; however, their USDT volume has significantly declined in the last two years.

Tether announced it will discontinue support for its USDT stablecoin on five “legacy” blockchains, including Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. According to the July 11 announcement, the move will become effective Sept. 1, ending redemptions and freezing remaining tokens on those networks. The decision comes as part of what the company […] The post Tether to sunset USDT redemptions on 5 ‘legacy’ networks including Bitcoin Cash, Algorand appeared first on CryptoSlate.

Stablecoin issuer Tether is ending support for USDT on five "legacy" blockchains after previously halting minting on those networks.

The discontinuance of USDt on these blockchains has been in the works for years, as Tether looks to pivot its strategy to other protocols. Tether is discontinuing redemptions for USDt (USDT) on five legacy blockchains starting Sept. 1, the company announced on Friday. The move affects users of Omni Layer, Bitcoin Cash SLP, Kusama, EOS (now Vaulta), and Algorand. “Sunsetting support for these legacy chains allows us to focus on platforms that offer greater scalability, developer activity, and community engagement,” Paolo Ardoino, CEO of Tether, said in a statement. Tether’s sunsetting of support for these particular blockchains has been in the works for some time. In August 2023, the company announced it would no longer be issuing USDt on the Omni Layer, Kusama, and Bitcoin Cash SLP. In June 2024, Tether halted minting on EOS and Algorand. Read more

Tether CEO Paolo Ardoino revealed that the firm holds roughly $8 billion in gold in a Swiss vault during an interview with Bloomberg News on July 7. Ardoino called the site “the most secure vault in the world” and said the company owns almost the entire 80-ton stockpile outright, placing the El Salvador-based issuer among […] The post Tether holds $8 billion worth of gold in Swiss vault, matching UBS exposure appeared first on CryptoSlate.