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Tether (USDT) paid more than $6 million to a consulting firm co-owned by Bo Hines while he pushed a stablecoin law as Donald Trump's crypto adviser, a new investigation found. Key Points: Nxum struck its Tether deal in May 2025, while Hines still advised the White House on crypto. Hines relayed legi

Sen. Richard Blumenthal on Thursday demanded records from Cantor Fitzgerald on its ties to Tether (USDT), citing a 5% stake now estimated at $10 billion. Key Points: Blumenthal sent Cantor Chairman Brandon Lutnick 13 requests and set an Oct. 23 deadline for answers. The letter seeks Cantor's Tether

Tether says it helped freeze nearly $550 million in Iran-linked USDT (USDT) this year, as Sen. Richard Blumenthal urged a federal probe of the stablecoin issuer. Key Points: Tether says Iran-linked freezes of its stablecoin reached nearly $550 million in 2026. A Senate Democratic report found 84% of

Stablecoin issuer Tether faces a federal lawsuit after two Thai businessmen said it froze $42.4 million in Tether (USDT) nearly four months before authorities obtained a seizure warrant. Key Points: Two Thai businessmen say Tether blacklisted 10 Ethereum (ETH) addresses holding 42.4 million USDT bef

Tether CEO Paolo Ardoino rejected claims placing the issuer in a $1 billion stablechain race, saying USDT (USDT) will remain on outside blockchain networks. Key Points: Ardoino said Tether is not building its own blockchain and has no plans to launch one. CoinMarketCap had grouped Tether with Stripe