Tether's Reserve Cushion Nearly Doubles to $8 Billion as Q3 Profit Holds
Tether reported $1.5 billion in net operating profit for the third quarter of 2026, lifting its nine-month total to $4.5 billion.
Tether News
Bitcoin, markets and the ideas moving crypto.
Tether stories
Stories 1–24 of 50 · 2 Jul 2026 – 31 Oct 2026
Senator Presses Tether Over Millions Paid to Ex-White House Crypto Adviser's Firm
U.S. Senator Richard Blumenthal demanded records from Tether on 22 October 2026 over reported payments to Nxum, a firm co-founded by former White House crypto adviser Bo Hines.
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.
Tether Froze THORChain's USDT Without Warning, Then Reversed Three Hours Later
Tether blacklisted four THORChain vault addresses on the TRON network on 9 October 2026, freezing about 1.45 million USDT.
Kazakhstan Taps Tether to Explore a Tenge Stablecoin
Tether signed a memorandum of understanding with the National Bank of Kazakhstan and the Alatau City Authority on 7 October 2026.
Tether's Stablecoin Became Iran's Financial Lifeline, Senate Report Alleges
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 Says EQIBank Exposure Below 0.034% After $89M US Seizure
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.
USDT and USB Sticks: Inside Orlen's Failed $230M Venezuela Oil Deal
Poland's state-controlled Orlen paid a $230 million advance for Venezuelan crude in December 2023, largely converted into Tether's USDT stablecoin.
Tether Bets $400 Million on Stablecoins Powering Private Credit
Tether and Fasanara Capital launched StableFund, an evergreen private credit fund anchored by $400 million in co-investment.
Tether Wins a Rating Upgrade, but $91 Billion Sits Behind Two Keys
Rating agency Bluechip raised Tether's grade to C from D after a KPMG audit found reserves exceeded liabilities by $6.8 billion.
Chilean Exchange Orionx Shuts Down Over $7M Custody Shortfall
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.
Tether Froze $42.4 Million in USDT Months Before a Warrant, Lawsuit Alleges
Two Thai businessmen have sued Tether in a New York federal court over its freeze of $42.4 million in USDT.
Tether Clears First Full KPMG Audit, Gold Bars Counted by Hand
KPMG U.S. issued an unqualified opinion on Tether's full-year 2025 financial statements, its first complete audit.
Tether Plants Its Tokenization Flag in Saudi Arabia's Real Estate
Tether announced a strategic collaboration with First Data and BKN301 on 6 August 2026 to tokenise institutional-grade real estate in Saudi Arabia.
Tether's Treasury Bet Delivers $1.5 Billion Q2 Profit as USDT Supply Climbs
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's USAT Steps Beyond Ethereum With Its First Launch on Celo
Tether deployed its GENIUS Act-compliant USAT stablecoin on the Celo network on 29 July 2026, its first expansion beyond Ethereum.
Tether's Three-Way Bitcoin Merger Collapses as Mallers Exits Twenty One
Jack Mallers resigned as chief executive of Twenty One Capital on 20 July 2026 to focus on his payments firm Strike.
Tether's USDT Faces a Two-Year Clock to Stay on U.S. Crypto Exchanges
The GENIUS Act, signed on 18 July 2025, gives foreign stablecoin issuers until 18 July 2028 to meet U.S. reserve rules.
US Freezes $130M in Iranian Central Bank Crypto as Tether Blacklists Wallets
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 Banned a Tether-Backed Fund Over Manipulation Fears, and an Arbitrator Agreed
Circle suspended the Tether-backed Heka Funds in December 2023 over concerns the fund manipulated the USDC market.
Tether Invests $20 Million in Mercado Bitcoin for Tokenization
Tether will invest $20 million in a strategic growth round for Brazil's Mercado Bitcoin, announced on 7 July 2026.
Former Tether CIO Seeks Buyers for Part of 1.26% Tether Stake
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 Drops Tether's USDT Under MiCA, Ending Europe's Holdout
Revolut will remove Tether's USDT for European users on 31 August 2026, halting purchases from 6 July.
USDT Liquidity Moves to DEXs as MiCA's EU Deadline Arrives
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.
