Tether USD

24h change: +0.01%. From $0.9991 to $0.9992.

• Tether announced on October 24 that 15 Bitcoin mining companies, manufacturers such as Bitmain and MicroBT, and pools including F2Pool and Foundry have committed to integrating its open-source Mining Development Kit. The MDK creates shared standards for hardware monitoring, automation, fault detection, and future AI-driven operations across vendors. This reduces redundant development and vendor lock-in while positioning Tether deeper in Bitcoin infrastructure. The initiative builds on Tether's recent AI and fintech investments.
• Senator Richard Blumenthal has requested records from Tether regarding more than $6 million in payments to Nxum, a consulting firm co-founded by Bo Hines, who previously advised on crypto policy at the White House. The inquiry examines potential conflicts of interest related to stablecoin legislation including the GENIUS Act. Tether CEO Paolo Ardoino has responded by highlighting the company's proactive compliance measures, including early address freezes that contributed to a reported 94 percent drop in certain Iran-linked volumes.
• Tether froze approximately $2.2 million in USDT across addresses linked to a CoinDCX wallet infrastructure issue that resulted in an estimated $16 million loss from a retired system. The exchange stated customer funds in active wallets remain unaffected and that it will cover the loss. The action aligns with Tether's history of cooperating with investigations and using its ability to freeze tokens in response to illicit activity or security events.

24h change: -0.00%. From $0.9991 to $0.9991.

• Tether announced that 15 leading Bitcoin mining companies, ASIC manufacturers, and pools have committed to integrating with its open-source Mining Development Kit (MDK). The framework creates a shared layer for monitoring, optimization, and AI-driven automation without vendor lock-in. Tether's own QVAC mining agent already uses MDK, with version 1.0 targeted by the end of 2026. This expands Tether's role in Bitcoin infrastructure beyond stablecoin issuance.
• Senator Richard Blumenthal is investigating Tether's reported multimillion-dollar payments to Nxum, a consulting firm co-founded by Bo Hines. Hines advised on cryptocurrency policy, including the GENIUS Act, while at the White House before joining Tether to lead its US operations. The inquiry examines potential conflicts of interest and ethical concerns. Tether states prior internal review found no wrongdoing.
• Tether froze approximately 2.21 million USDT across nine addresses linked to unusual outflows from the Indian exchange CoinDCX. The action follows investigator flags on around 16 million USDT in related transfers. CoinDCX acknowledged losses from issues with retired wallet addresses. This reflects Tether's continued use of freezing capabilities for compliance and security.

24h change: +0.02%. From $0.9989 to $0.9991.

• U.S. Senator Richard Blumenthal has demanded records from Tether regarding over $6 million in payments to Nxum Group, co-founded by Bo Hines. Hines advised on cryptocurrency policy and the GENIUS Act while associated with the firm before later joining Tether to lead its U.S. operations. The inquiry examines potential conflicts of interest, ethics, and lobbying concerns during stablecoin legislation development. It reflects heightened regulatory attention on the dominant stablecoin issuer.
• Tether intends to issue USDT natively on the Bitcoin network this November through infrastructure including Utexo. The move returns the stablecoin to its original blockchain more than a decade after its 2014 debut on Omni. Planned features include enhanced privacy for transfers, direct BTC-USDT swaps, and Bitcoin-backed lending without wrappers. It aims to expand utility while Tether holds substantial Bitcoin reserves.
• Tether led a pre-seed investment in Bolivian fintech Peso to build USDT-powered payment, savings, and investment tools across Bolivia, Brazil, Colombia, and Argentina. The initiative seeks to integrate stablecoins into everyday retail, e-commerce, and banking use cases beyond trading. It aligns with Tether's broader push into stablecoin infrastructure in emerging markets. These moves support adoption of USDT for real-world transactions.

24h change: -0.04%. From $0.9993 to $0.9989.

• A US Senate report found that 84 percent of 846 cryptocurrency wallets sanctioned or targeted for seizure over Iran connections between June 2021 and August 2026 transacted exclusively or nearly exclusively in USDT. Tether CEO Paolo Ardoino responded that the company froze wallets an average of four weeks before official designations and claims Iran-linked stablecoin volumes fell 94 percent. Tether reported freezing approximately 550 million dollars in Iran-linked USDT during 2026.
• Tether led a pre-seed funding round for Bolivian fintech Peso to expand USDT payment infrastructure across Bolivia, Brazil, Colombia, and Argentina. The investment connects USDT with local banking networks, merchant payment systems, and food delivery platforms. Peso has integrated USDT payments into Yango's food delivery service in Bolivia, with plans to expand across retail payments, ride-hailing, and banking services.
• CMCC Global partnered with Tether and Bitfinex Securities to tokenize two investment funds using Tether's Hadron platform, marking the first tokenized fund-of-funds offerings under El Salvador's digital asset framework. The Crest Fund and Liberty Bitcoin Accumulation Fund opened subscriptions through October 30, 2026. Tether's Hadron platform is being used for asset tokenization across real estate, securities, and other financial instruments in multiple jurisdictions.

24h change: +0.02%. From $0.999 to $0.9993.

• Tether's USDT lost nearly $1 billion in market capitalization over five days in mid-October 2026, according to on-chain analytics firm CryptoQuant. USDT balances on major exchanges fell $4.6 billion between July and October 2026, with traders rotating toward competing stablecoins including USDC and RLUSD. The supply contraction raises questions about available liquidity for crypto markets during a period when Bitcoin is attempting to recover upward momentum.
• The US Department of Justice filed a civil forfeiture complaint in September 2026 seeking $61.2 million in USDT held across 10 Tron addresses, alleging the funds are connected to sanctioned Iranian oil sales. Prosecutors allege that a network of addresses received and distributed more than $1.5 billion in proceeds intended to benefit Iran's Islamic Revolutionary Guard Corps. Tether froze the targeted addresses in June and July 2025, and the FBI has been authorized to take custody of the assets by destroying the frozen tokens and reissuing replacement tokens to a government-controlled wallet.
• Tether led a pre-seed investment round in Peso, a Bolivian fintech company, announced on October 21, 2026. The funding will support expansion of USDT-based payment infrastructure across Bolivia, Brazil, Colombia, and Argentina. Peso has integrated USDT payments into Yango's food delivery service in Bolivia and offers QR payments, point-of-sale tools, and virtual accounts connected to the Bolivian banking system through ACH transfers. The move is part of Tether's broader strategy to expand stablecoin adoption in Latin America, following earlier investments in regional fintechs.