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.
Tether’s USDT stablecoin has reached a market capitalization of $115 billion, reinforcing its dominance in the stablecoin market and signaling increased adoption in the cryptocurrency ecosystem.
Chinese firm Qifa is using Tether stablecoin for cross-border payments between China and Russia amid sanctions, raising questions about legality and potential consequences in both countries.
The Philippines has partnered with Tether to allow citizens to pay Social Security System (SSS) contributions using USDT stablecoin, marking a significant step in cryptocurrency adoption for government services.
Tether has announced the cessation of USDT minting on EOS and Algorand blockchains, citing a strategic shift towards supporting networks with growing communities. This move follows similar actions taken last year on Bitcoin, Bitcoin Cash, and Kusama.
Consumers’ Research has launched a campaign against Tether, accusing the stablecoin issuer of being a threat to consumers and raising concerns about its potential to become the next FTX. The accusations include ties to the fallen FTX exchange, facilitating criminal activities, and a decade-long refusal to conduct a full audit.
Tether CEO Paolo Ardoino has responded to claims by the ransomware group ‘F Society’ of breaching Bitfinex’s database, dismissing the allegations as likely fake.
Tether, the world’s leading stablecoin issuer, has issued $60 million worth of USDT on The Open Network (TON) since integrating with the blockchain on April 19th, expanding its reach and offering new options for users.
Tether, the issuer of the USDT stablecoin, has authorized the issuance of another billion coins on the Tron blockchain, just two days after a similar release of 1 billion USDT.
