Latest updates, press releases, and insights from the volatile world of digital assets.
Tether's stablecoin USDT overtook Ethereum in market capitalization, reaching around $186 billion as ETH experienced a price drop to near $1,500 levels. This marks a notable change in crypto rankings driven by stablecoin demand and market conditions
Tether is winding down its Alloy platform and aUSDT, a gold-collateralized synthetic dollar, citing low demand. Users have until September 17, 2026 to redeem tokens for underlying XAUT collateral as the company redirects resources to higher-demand products like XAUT
Stripe, Visa, and Mastercard are reportedly preparing a joint stablecoin initiative that could reshape the $325 billion market long dominated by Tether and Circle, with Coinbase also considering participation in the project
Tether and Fasset have introduced a Visa card that lets users spend tokenized gold in everyday transactions while earning up to 6% cashback in XAUT. The card converts XAUT holdings to fiat at point of sale and includes automatic round-ups that invest spare change back into gold
US Treasury Secretary Scott Bessent revealed that American authorities have seized approximately $1 billion worth of Iranian cryptocurrency holdings. The announcement highlights the growing effectiveness of targeted financial operations aimed at disrupting Tehran's ability to evade international sanctions and fund its activities
Tether, the leading stablecoin issuer, has announced plans to introduce GELT, a digital version of the Georgian lari, backed by the national currency and supported by Georgia's government
Tether strengthens control over the second-largest public Bitcoin holder as SoftBank exits amid sharp stock decline
The T3 Financial Crime Unit, a joint effort by Tether, TRON, and TRM Labs, has frozen more than $450 million in USDT linked to criminal activity since its launch in September 2024
Stablecoin giant funds open-source on-device AI and self-custodial payments infrastructure to reduce cloud dependency and enhance privacy
