Topic
tether
8 stories
Tether's gold token gets a Big Four audit, its second after USDT
KPMG U.S. issued a clean audit opinion on the 2025 financial statements of TG Commodities, the Tether unit behind the gold-backed XAUT token, which held $2.246 billion in allocated gold at year-end.
Tether's CEO Says It Holds 150,000 Bitcoin. Its Own Reserve Report Implies 50,000 Fewer
Tether CEO Paolo Ardoino told a Lugano conference the company holds about 150,000 bitcoin, roughly 50,000 more than its Q3 reserve attestation accounts for.
Mercado Bitcoin halts deposits and withdrawals after breach; outside trackers put losses at $40M–$46M
Mercado Bitcoin, Brazil's largest crypto exchange, suspended deposits and withdrawals on November 2 after a security breach that outside analysts peg at $40 million to $46 million across at least 10 blockchains.
Tether's reserve buffer halved in Q2 while the company led with a $1.5 billion 'operating' profit
Tether's second-quarter attestation shows excess reserves halving to $4.11 billion and a negative $3.2 billion result for the first half, while the company led with a $1.5 billion operating profit figure.
Circle suspended a Tether-backed arbitrage fund over manipulation fears, unsealed filings show
Arbitration records unsealed in Boston show Circle cut off Heka Funds' USDC minting and redemptions in December 2023 after concluding the Tether-backed arbitrage fund might be manipulating the market; the arbitrator found no breach of contract.
Treasury sanctions Iran-linked wallets; Tether freezes ~$131M in USDT
The U.S. Treasury sanctioned crypto wallets tied to Iran's central bank, and stablecoin issuer Tether froze roughly $131 million in USDT on the Tron network shortly before the announcement.
Hyundai Card runs a $20,000 stablecoin remittance test with Tether and Avalanche
Hyundai Card said it completed a $20,000 USDT test remittance between Hyundai's U.S. and Mexican units on Avalanche, with a second Visa- and Circle-backed pilot in Europe due later this month.
Treasury sanctions 134 ISIS-K crypto addresses; Tether freezes the Tron wallets
OFAC added 134 crypto addresses tied to ISIS-K to its sanctions list on July 1, and Tether promptly froze the roughly $1.4 million that passed through the 131 flagged Tron wallets.