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Price data by
PricesTether

Tether News

Tether is a stablecoin, a cryptocurrency whose value is pegged to the US Dollar and backed by reserves held by its parent company (in 2019, Tether admitted in court documents that it was only 74% backed by cash and cash equivalents). Most cryptocurrencies are extremely volatile; Tether markets itself as a relief from crypto speculation. In terms of trading volume, Tether is the most widely used cryptocurrency in the world.
  • US Capitol building. Image: Shutterstock/Decrypt

    Senate Stablecoin Bill Passes Key Vote as GENIUS Act Regains Momentum

    Against all odds, the Senate’s stablecoin bill has regained political momentum, passing a key procedural vote Monday evening that has set the legislation on track for passage within days.  Less than two weeks ago, the bill, dubbed the GENIUS Act, failed to pass the same procedural cloture vote—which ends debate on a measure and advances it towards full floor consideration. At the time, a perfect storm of political winds conspired to derail support for the bill among pro-crypto Democrats. Chief a...

    NewsLaw and Order
    4 min read
    Sander Lutz
  • US capitol building in D.C. Image: Shutterstock/Decrypt

    Senate Stablecoin Bill Makes Progress With New Draft—Here's What's In It

    Amidst the nail-biter, week-long drama over whether the Senate’s GENIUS Act is really dead or not, progress appears to have been made Thursday—with pro-crypto Democrats now touting concessions they’ve received from Republican colleagues in a new draft of the bill, which could see a vote by early next week. Decrypt obtained a copy and reviewed this negotiated draft of the Senate’s stablecoin legislation. The bill indeed contains new language on issues such as national security protections, ethics...

    NewsLaw and Order
    6 min read
    Sander Lutz
  • Tether's USDT. Image: Shutterstock/Decrypt

    $78 Million Lost to ‘Laundering Loophole’ in Tether Freezing Method Since 2017

    There is “significant lag” between exchanges saying they’re going to freeze USDT held by malicious addresses and, well, actually doing it, according to a new report from AMLBot. AMLBot’s report found that on-chain freezing enforcement of Tether’s USDT stablecoin has been sluggish. As a result, the anti-money laundering firm said, at least $78 million has been lost to bad actors on Ethereum and Tron since 2017. The “laundering loophole” is the result of Tether’s multi-signature contract set up, A...

    NewsLaw and Order
    4 min read
    Ryan S. Gladwin
  • Source: Decrypt/Shutterstock

    Meet 'QVAC': Tether’s Decentralized AI God in Your Pocket

    Crypto juggernaut Tether is taking aim at Big Tech’s centralized AI dominance with "QVAC," a new platform that it claims will let developers run and evolve AI agents directly on personal devices—no data centers required. If you think this is the stuff of sci-fi, you're right: QVAC, short for QuantumVerse Automatic Computer, takes its name from the AI in Isaac Asimov’s 1956 short story, "The Last Question." In the story, a self-evolving computer named Multivac transforms over time into a god-like...

  • Source: Shutterstock/Decrypt

    Cartel Bosses Charged With Narco-Terrorism Amid Crypto Ties

    Pedro Inzunza Noriega and his son Pedro Inzunza Coronel, alleged leaders of the Beltrán Leyva Organization, or BLO, a faction of the Sinaloa Cartel, were indicted Monday on narco-terrorism and trafficking charges. The indictment came in part because blockchain investigators have been tracing how cartel drug profits are being laundered through crypto. Prosecutors in the Southern District of California say the two men reportedly helped lead one of the world’s largest fentanyl operations, trafficki...

    NewsLaw and Order
    3 min read
    Vismaya V
  • US Capitol building in DC. Image: Shutterstock/Decrypt

    Is the Senate Stablecoin Bill Dead? Here's What's Going On

    It was supposed to be a slam dunk. The American crypto industry, flush with more political capital than it has ever had (and perhaps will ever have), was to get its long-awaited “regulatory clarity” on stablecoins last week. And yet the Senate failed to pass a key procedural vote on the marquee stablecoin legislation. As the bill, dubbed the GENIUS Act, languishes in legislative purgatory, should it be considered functionally dead—or might there be hope yet for its passage?  It depends who you a...

    NewsLaw and Order
    4 min read
    Sander Lutz
  • The U.S. Capitol in Washington, D.C., on Oct. 16, 2013. Photo: Stephen Melkisethian on Flickr

    Senate Nears Deal on Stablecoin Bill as Lawmakers Race Against the Clock

    After several days of high-stakes crypto drama on Capitol Hill, a clique of holdout Senate Democrats appears to be nearing a deal to support stablecoin legislation—though the matter is far from settled.  On Wednesday, a small group of pro-crypto Democratic senators including Ruben Gallego (D-AZ), Mark Warner (D-VA), and Angela Alsobrooks (D-MD) met with Republican counterparts to discuss terms that would win back their support of the GENIUS Act, which would establish a framework for offering sta...

    NewsLaw and Order
    5 min read
    Sander Lutz
  • Rep. Maxine Waters (D-CA). Image: Shutterstock

    House Democrats Walk Out on Digital Assets Hearing Over ‘Trump’s Crypto Corruption’

    House Democrats staged a walkout of a digital assets-focused hearing on Tuesday, with party leadership threatening that President Donald Trump’s personal crypto ventures could derail bipartisan support of pending crypto legislation.  House Financial Services Committee ranking member Maxine Waters (D-CA) led the charge, objecting at the outset to the hearing’s convening. A dramatic scene then ensued, with Democrats including Rep. Stephen Lynch (D-MA) yelling out a list of crypto-related profits t...

    NewsLaw and Order
    4 min read
    Sander Lutz
  • Tether. Image: Shutterstock

    Tether Jumps Into AI Race With Open-Source Platform, Planned Bitcoin and USDT Payments

    Tether, the company behind the world's largest stablecoin USDT, today announced Tether AI, an open-source artificial intelligence platform set to launch later this year. The platform aims to merge cryptocurrency with AI technology through decentralized applications running directly on user devices. Tether CEO Paolo Ardoino revealed the initiative through a series of posts on X, describing Tether AI as "personal infinite intelligence" designed to operate without centralized control. "A fully open...

  • Tether Reports Q1 Profit Above $1 Billion, Down From 2024 Amid Bitcoin Yield Decline

    Stablecoin giant Tether reported a profit in excess of $1 billion in the first quarter of 2025—a figure that, while substantial, marks a significant downturn from reported profits from Q1 2024. In an attestation released Thursday, the company said it made just north of a billion dollars in profit in the first quarter this year, largely thanks to yields generated by the massive quantity of U.S. Treasuries it holds in reserve. A specific profit figure was not provided in the press release or attac...

    NewsBusiness
    3 min read
    Sander Lutz
  • Gold bars. Image: Shutterstock

    Tether Gold Token Backed by 7.7 Tons of Physical Gold: Report

    Gold-backed stablecoin Tether Gold's total market value recently soared above $800 million as investors continued embracing safe-haven assets amid concerns over rising inflation, with a newly released attestation from a third-party auditing firm showing just how much gold that Tether is stockpiling to back the token.   The cryptocurrency hit a $770 million market capitalization as of March 31 and was backed by more than 7.7 tons of gold, according to a report from accounting firm BDO Italia. Mir...

    NewsBusiness
    3 min read
    Liz Napolitano
  • Poison. Image: Shutterstock

    Crypto User Loses $700,000 To Address Poisoning Scam—Here’s What Happened

    An Ethereum user fell victim to an address poisoning scam on Sunday, resulting in the loss of nearly $700,000 worth of the USDT stablecoin. Experts warn this rising form of scam is easy to fall victim to if users aren’t militant in fully checking the address that they’re sending funds to. What is address poisoning? For address poisoning to work, malicious actors create an address that looks strikingly similar to an address that the victim has interacted with recently. The attacker will then send...

    NewsCoins
    3 min read
    Ryan S. Gladwin
  • Image created by Decrypt using AI.

    Tether, Bitfinex, Cantor and SoftBank to Launch Bitcoin Company With $3.9 Billion Treasury

    In a team-up of crypto and TradFi giants, Tether, Bitfinex, Cantor Fitzgerald, and SoftBank Group announced Wednesday that they will team up to launch Twenty One, a publicly traded, Bitcoin-centric company that plans to launch with a treasury of more than 42,000 BTC—or about $3.9 billion worth. Tether and Bitfinex will be majority owners, with a minority stake owned by investment holding firm SoftBank. Twenty One will be launched through a planned SPAC merger with Cantor Equity Partners, which t...

    NewsBusiness
    3 min read
    Mat Di Salvo
  • Tether is the company behind the USDT stablecoin. Image: Shutterstock

    As Bitcoin Mining Companies Slump, Tether Loads Up on Bitdeer

    Bitcoin miners may be struggling as the price of the biggest cryptocurrency by market value trades sideways, and investors sell off their equity—but stablecoin giant Tether is betting big on one of the sector's largest players, purchasing about $32 million in equity in publicly traded Bitdeer in April. An SEC filing shows Tether snapped up the shares as the price of Bitdeer’s stock dropped. Tether did not immediately respond to Decrypt’s questions, but the company has increased its interest in t...

    NewsMarkets
    3 min read
    Mat Di Salvo
  • Bitcoin mining. Image: Shutterstock

    Stablecoin Giant Tether Throws Weight Behind Bitcoin Mining Pool Ocean

    Stablecoin giant Tether has said it will direct resources to help the Bitcoin mining pool Ocean, pledging to "deploy both existing and future hashrate" to the pool. The El Salvador-based company said Monday that it would do so to "support the resilience, transparency, and decentralization of Bitcoin's foundational infrastructure." Hashrate is the computational power used by the Bitcoin network. The more hashrate a Bitcoin mining pool has, the more efficiently it can find blocks and reap the imme...

    NewsBusiness
    2 min read
    Mat Di Salvo
  • Tether is the company behind the USDT stablecoin. Image: Shutterstock

    Tether May Launch New Stablecoin If US Regulators Push Out USDT, Says CEO

    With all the talk about how stablecoin legislation in the United States may or may not negatively impact foreign issuers, you might expect the biggest (and most controversial) issuer on the planet to be feeling the heat. But that’s far from the case, according to Tether CEO Paolo Ardoino. In fact, Tether has no real issue with its flagship stablecoin, USDT, being banned in the United States by new regulatory legislation, Ardoino told Decrypt on Friday.  To circumvent the potential issue, Tether...

    NewsLaw and Order
    5 min read
    Sander Lutz
  • US Treasury. Photo: Shutterstock

    US Treasury Sanctions Tron Wallets That Used Tether to Support Houthis

    The United States Department of the Treasury’s Office of Financial Assets Control, or OFAC, updated its Specially Designated Nationals and Blocked Persons (SDN) list to include eight Tron wallet addresses linked to a network of Houthi financial facilitators. The Houthis are an Iran-backed rebel group in Yemen that has previously launched attacks at Israel, as well as commercial ships in the Red Sea. The group was the target of U.S. airstrikes in March, in a move that made headlines in part becau...

    NewsLaw and Order
    3 min read
    Logan Hitchcock
  • President Donald Trump in Pittsburgh, Pennsylvania. Photo: Shutterstock

    Trump’s Crypto Conflicts Dominate Stablecoin Legislation Debate

    A House Financial Services Committee markup of stablecoin legislation appeared to go off course Wednesday, with Democrats spending hours hammering home the same message: They would in principle support the STABLE Act, but see President Donald Trump’s personal involvement in the stablecoin sector as an unacceptable conflict of interest.  Multiple Democrats, including a co-sponsor of the STABLE Act itself, offered amendments to the bill on Wednesday that would have prevented the president, his cab...

    NewsLaw and Order
    4 min read
    Sander Lutz
  • Coinbase CEO Brian Armstrong. Photo: Anthony Harvey/Getty Images for TechCrunch, licensed under Creative Commons

    Top Lawmaker Shuts Down Coinbase Plea for Interest-Bearing Stablecoins

    As stablecoin legislation races toward the finish line in both chambers of Congress, crypto leaders have issued increasingly direct appeals to make those bills more favorable to their industry—but they're encountering resistance from lawmakers.  One emergent sticking point has been whether U.S.-regulated stablecoins should be allowed to generate interest for holders moving forward. On Coinbase, for instance, users can currently earn 4.1% APY on their USDC deposits—an attractive feature that coul...

    NewsLaw and Order
    3 min read
    Sander Lutz
  • U.S. Capitol. Source: Shutterstock

    Stablecoin Legislation Shouldn’t Force Issuers to Comply With Bank Secrecy Act: Rep. Tom Emmer

    In a potential sign of brewing tensions regarding key language in multiple stablecoin bills circulating in Congress, House Majority Whip Tom Emmer (R-MN) said this week he doesn’t believe stablecoin issuers like Tether should have to comply with the anti-money laundering Bank Secrecy Act—a major sticking point of both the Senate’s stablecoin-focused GENIUS Act, and the House’s parallel STABLE Act.  Including such a provision in the legislation could box out foreign issuers while favoring U.S. co...

    NewsLaw and Order
    4 min read
    Sander Lutz
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