Tether's USDT stablecoin was part of a failed oil trade that reportedly cost a Polish energy giant $230 million in late 2023.
Tether froze $61.19 million across 10 Tron addresses in 2025 that prosecutors allege were connected to black-market Iranian oil proceeds.
The neobank boom highlights stablecoins' pivotal role in fintech, yet profitability challenges and regulatory shifts could reshape market dynamics. Circle and Tether emerge as key beneficiaries of the neobank boom.
Tether, the issuer of the world's most widely used dollar-linked stablecoin, has been publicly thanked by the US Department of Justice for helping investigators disrupt a sprawling marketplace accused of supporting crypto fraud and money laundering.
Tether assisted the U.S. Department of Justice in restraining more than $52 million in cryptocurrency linked to Xinbi Guarantee, a network accused of supporting scam centers and organized crime. Authorities seized two wallets containing about $12 million and sought restraints on 47 others.
The U.S. Department of Justice has restrained more than $52 million in cryptocurrency while targeting wallets and online channels linked to the Xinbi Guarantee scam network. Tether said in a Sep.
Tether's collaboration with global law enforcement highlights the increasing role of stablecoin issuers in combating financial crimes worldwide. Tether assists DOJ in $52 million action against global scam network.
The integration of Spark Finance's USDT vault with OKX could enhance user engagement and drive broader adoption of DeFi solutions. Spark Finance opens USDT savings vault to OKX users.
USDT spreads dollar claims and Treasury funding demand while Tether keeps reserve ownership, portfolio control and gains above face value.
Tether and Fasanara Capital launched StableFund with $400 million in sponsor capital, aiming to raise up to $3 billion from institutions.
Upbit opened Bifrost trading against the South Korean won and USDT on Sept. 10, giving BFC two additional markets on South Korea's largest cryptocurrency exchange by trading volume.
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.