Senate Democrat Presses Cantor Fitzgerald Over Its $10 Billion Tether Stake
Senator Richard Blumenthal sent Cantor Fitzgerald a 13-item records request on October 8, 2026, demanding details of the firm's business ties to stablecoin issuer Tether.
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Stories 1–24 of 48 · 14 Jun 2026 – 12 Oct 2026
Senator Richard Blumenthal sent Cantor Fitzgerald a 13-item records request on October 8, 2026, demanding details of the firm's business ties to stablecoin issuer Tether.
Tether blacklisted four THORChain vault addresses on the TRON network on 9 October 2026, freezing about 1.45 million USDT.
Tether signed a memorandum of understanding with the National Bank of Kazakhstan and the Alatau City Authority on 7 October 2026.
A 28-page Senate report released on 28 September 2026 says Tether's USDT stablecoin has become a central conduit in Iran's shadow banking network.
Tether said its funds at EQIBank represent less than 0.034% of group assets, about $64 million, after U.S. authorities seized roughly $89 million tied to the bank.
Poland's state-controlled Orlen paid a $230 million advance for Venezuelan crude in December 2023, largely converted into Tether's USDT stablecoin.
Tether and Fasanara Capital launched StableFund, an evergreen private credit fund anchored by $400 million in co-investment.
Rating agency Bluechip raised Tether's grade to C from D after a KPMG audit found reserves exceeded liabilities by $6.8 billion.
Chilean cryptocurrency exchange Orionx began permanently closing on 3 September 2026 after a forensic audit found more than $7 million in customer assets had moved to wallets outside its custody.
Two Thai businessmen have sued Tether in a New York federal court over its freeze of $42.4 million in USDT.
KPMG U.S. issued an unqualified opinion on Tether's full-year 2025 financial statements, its first complete audit.
Tether announced a strategic collaboration with First Data and BKN301 on 6 August 2026 to tokenise institutional-grade real estate in Saudi Arabia.
Tether reported a net operating profit of about $1.5 billion for the second quarter of 2026, driven by interest on its US Treasury holdings and repurchase agreements.
Tether deployed its GENIUS Act-compliant USAT stablecoin on the Celo network on 29 July 2026, its first expansion beyond Ethereum.
Jack Mallers resigned as chief executive of Twenty One Capital on 20 July 2026 to focus on his payments firm Strike.
The GENIUS Act, signed on 18 July 2025, gives foreign stablecoin issuers until 18 July 2028 to meet U.S. reserve rules.
The US Treasury's Office of Foreign Assets Control sanctioned multiple wallets tied to Iran's central bank, freezing more than $130 million in cryptocurrency.
Circle suspended the Tether-backed Heka Funds in December 2023 over concerns the fund manipulated the USDC market.
Tether will invest $20 million in a strategic growth round for Brazil's Mercado Bitcoin, announced on 7 July 2026.
Former Tether chief investment officer Richard Heathcote is seeking buyers for part of his 1.26% stake in the stablecoin issuer, according to Bloomberg.
Revolut will remove Tether's USDT for European users on 31 August 2026, halting purchases from 6 July.
The European Union's Markets in Crypto-Assets Regulation ended its transitional period on 1 July 2026, requiring unlicensed platforms to stop serving EU clients.
Tether's USDt became the second-largest cryptocurrency by market value after Ether dropped to its lowest price of 2026 on Friday.
Tether froze 72,030,295 USDT in a Tron wallet on 12 June 2026, confirmed by on-chain data.