Person
CEO of Tether, the company behind the USDT stablecoin, the largest and most widely used dollar-pegged cryptocurrency.
Tether and CMCC Global's Titan Fund have invested in Saber Money, a stablecoin payments firm that says volume grew more than sixfold in nine months. The amount and valuation were not disclosed, so the size of Tether's commitment is unknown.
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Tether open-sourced TranscribePsy, a 254M-parameter speech model it says transcribes 10 minutes of audio in 1.65 seconds on an iPhone 17 Pro Max. The accuracy and speed figures are Tether's own, published with evaluation configurations so outsiders can rerun them.
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Tether joined the seed round of EFY Finance, which says it settles to local accounts in 17 countries. Tether did not disclose what it paid, how big the round was or at what valuation, so the price of that reach cannot be worked out.
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ESMA told national regulators to have MiCA-authorised crypto firms stop servicing non-compliant stablecoins by 8 January 2027. The notice is supervisory guidance, so the date binds only as far as each national authority enforces it.
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Senator Richard Blumenthal asked Brandon Lutnick, the Commerce Secretary's son, to explain Cantor Fitzgerald's ties to Tether, whose US reserves Cantor holds. Cointelegraph reported his estimate that the stake is worth $10 billion, a holding he can question now and could subpoena records on if Democrats take the Senate.
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Tether signed a non-binding MoU with Kazakhstan's central bank on a tenge stablecoin and pilots in Alatau City, where up to $60 million is to be tokenized. Nothing has been approved, and the parties have yet to choose an issuer, a blockchain or a reserve structure for the token.
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Senate Democratic staff found 84% of 846 Iran-linked sanctioned wallets moved almost only in Tether's USDT. Most came from Israel's list, and any penalty rests with a Treasury and Justice Department that Senator Blumenthal says have enforced nothing.
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Bitfinex Securities charges a $100,000 minimum to issue a $5 million one-year bond, 2% up front and five times what its own 0.4% formula yields. Below $25 million the floor sets the price, so Paolo Ardoino's goal of 80% cheaper capital reaches small issuers mainly through pooling funds.
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Circle says only 3 of the 25 largest stablecoins are regulated under MiCA and wants foreign issuers recognised through an equivalence test. Its case against the bank-deposit reserve rule matches Tether's, while the EBA wants tighter rules on foreign structures.
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Tether-backed Utexo plans to issue USDT on Bitcoin and police the nearly $190 billion stablecoin there with a coin blacklist in place of address freezes. Utexo cannot freeze those coins, so a block holds only where exchanges and bridges check the list.
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BIS data on 130 economies show stablecoin flows rise with currency stress, as dollar deposits do, while appearing less affected by capital controls. Turkey's roughly $38 billion of lira swapped into stablecoins in a year shows how large that harder-to-block channel already is.
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Senate staff say Tether froze 5 of 39 Hezbollah-linked wallets Israel named in 2023 while $34.6 million left the rest. Treasury and the Justice Department can act on that freeze record more readily than on the report's 84% USDT share when they answer Blumenthal by Oct. 9.
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Sen. Richard Blumenthal's report says Tether left 34 of 39 Hezbollah-flagged wallets open for nine months as $34.6 million moved through. It reaches Treasury about four months before the secretary can bar US platforms from trading a noncompliant issuer's token.
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Two Thai businessmen say a Homeland Security agent asked informally, without a warrant, and Tether flagged ten Ethereum addresses holding $42.4m of USDT that the men had bought on the secondary market without ever opening a Tether account.
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The sponsors' combined $400 million is levered 7.5 times by the institutional target, which would leave them holding about 12 per cent of the vehicle and lift Fasanara's managed book by half.
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A state utility read one number as a ceiling, Tether read it as a floor, and two mining halls worth more than $100 million went dark over about $5 million of arrears.
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A Big Four audit answers the backing question for $183 billion of USDT. It does not turn a $6.8 billion excess into a treasury-grade cushion.
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Paolo Ardoino's August 15 denial followed a report placing Tether in a $1bn "stablechain" race with Stripe and Circle. The line he drew was between funding chains and running one.
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Tether says KPMG issued an unqualified opinion on its 2025 financial statements, retiring the attestation era. What is left to argue about is what the audit actually covered.
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