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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

Tether said Thursday that KPMG U.S. issued a clean opinion on 2025 statements it first promised in 2017, showing reserves exceeding liabilities by $6.81 billion. Key Points: KPMG U.S. gave Tether International an unqualified opinion on its 2025 accounts, the issuer's first full financial statement a