In Rajasthan, India, law enforcement has uncovered a network of cybercriminals using Tether (USDT) for laundering money abroad, leading to multiple arrests and the seizure of communication devices used in these operations. This incident raises concerns about the misuse of cryptocurrencies in illegal activities.
Tether announces its plan to establish its headquarters in El Salvador, a significant move aimed at tapping into emerging markets and solidifying El Salvador’s position as a leading crypto hub.
In a groundbreaking move, Tether has minted a staggering 19 billion USDT within a single month, sparking debates over market liquidity and transparency concerns. This action underscores its pivotal role in the cryptocurrency ecosystem but also raises questions on oversight and stability.
Tether is set to phase out its EURT stablecoin by November 27, 2025, in favor of introducing new, regulation-compliant stablecoins, EURQ and USDQ, in partnership with Quantoz Payments, aligning with Europe’s MiCAR regulatory standards.
South Korea’s largest telecom provider SK Telecom is partnering with Aptos Foundation to integrate Tether’s USDT stablecoin into their T wallet platform, potentially bringing stablecoin access to over 30 million customers.
The Wall Street Journal’s report of alleged US federal investigations into Tether has sparked market volatility, though the stablecoin issuer strongly denies the claims as “old noise” while defending its track record of law enforcement cooperation.
Coinbase announces plans to delist unauthorized stablecoins in the European Union by December 30, 2024, to comply with MiCA regulations. This move highlights the growing regulatory challenges for stablecoin issuers in the EU market.
Swan Bitcoin has filed a lawsuit against former employees and consultants, accusing them of stealing its Bitcoin mining business with alleged support from Tether. The suit claims trade secrets were misappropriated to launch a rival venture, Proton Management.
Ukrainian police arrested four individuals for extorting $250,000 in USDT from a young entrepreneur by posing as law enforcement and falsely accusing him of collaborating with Russia.
The U.S. Department of Justice, with assistance from Tether, has seized nearly $5 million in USDT linked to a ‘pig butchering’ crypto scam, demonstrating increased collaboration between law enforcement and crypto companies.
