Tether (USDT) price & news

Coinbase will automatically convert 14 MiCA-restricted tokens, including USDT, PYUSD and USD1, held by EEA retail customers on Oct. 30.

BlackRock, SBI Holdings and Startale signed an MOU to explore connecting tokenized money market funds with the yen-pegged stablecoin JPYSC.

Prosecutors say $36.9M from 174 US scam victims went through a Bahamas bank into USDT; a suspect extradited from the Netherlands is now in custody.

The Bank of Korea told lawmakers it will draft a Foreign Exchange Transactions Act amendment this year to regulate stablecoins as a means of payment.

Aave cut the utilization threshold for USDT borrowing on its Ethereum Core market from 94% to 92%, so costs rise sooner as liquidity tightens.

HSBC began rolling out RedCoin, its first Hong Kong dollar stablecoin, on Oct. 23 to more than 3.3 million PayMe users for payments and transfers.

Sen. Richard Blumenthal sent letters to Tether and Nxum Group on Oct. 22 over payments to the firm co-founded by Tether US CEO Bo Hines.

Tether CEO Paolo Ardoino says a Senate Democrats report on USDT and Iran overlooks sanctions work he credits with a 94% fall in Iran-linked volumes.

ECB President Christine Lagarde said adopting the digital euro regulation by the end of 2026 is key to a 12-month pilot planned for late 2027.

Microsoft and Health-ISAC seized domains tied to YAM Store, CoGUI and Iron Man, phishing services that accepted USDT and targeted 75,000 organizations.

The Wall Street Journal reports Nxum, co-founded by ex-White House crypto adviser Bo Hines, received $6.3 million tied to a Tether deal after the GENIUS Act.

A French National Assembly finance committee adopted amendments taxing crypto-to-stablecoin swaps and extending the exit tax to crypto gains above €800,000.

Sen. Richard Blumenthal sent a letter to Cantor Fitzgerald on Oct. 8 questioning its Tether reserves role, sanctions safeguards and Lutnick family ties.

ESMA told EU regulators to make MiCA-authorized crypto firms end services tied to non-compliant stablecoins by Jan. 8, 2027, a three-month window.

Kazakhstan’s central bank and Tether signed an MoU to study a tenge-linked stablecoin and asset tokenization, with a pilot planned in the city of Alatau.

Moody’s Ratings gave Sky Protocol, issuer of the USDS stablecoin, a B3 issuer rating with a stable outlook, its first rating of a stablecoin protocol.

Payments firm Conduit sued Tether in a New York federal court, saying the issuer froze $2.76 million in USDT and has refused to release it.

Blockchain investigator ZachXBT says he posed as a client to infiltrate a Chinese network that laundered over $1 billion in crypto for North Korea’s Lazarus Group.