US $84m asset seizure raises Tether questions
@Tether disclosed exposure to EQIBank amid a US asset-seizure case involving Capstone Limited. It has not said whether the exposure affects $USDT reserves or redemptions. #Update #Crypto $USDT
USDT
Tether Invests in Bolivian Fintech to Expand USDT Payments
@Tether led a pre-seed round in Bolivian fintech @Peso to expand $USDT merchant payments and local bank connections across Latin America. The investment amount was not disclosed. #Update #Payments $USDT
TRON moved $2.2 trillion in stablecoins; TRX supply rose
@Trondao reports $2.2 trillion in stablecoin transfers in Q3, while $TRX supply grew for 108 straight days through October 16. #Update #Crypto $TRX
Tether loses nearly $5 billion across exchanges
@Tether’s $USDT balances fell across major exchanges in the third quarter as rivals gained deposits, but it still led stablecoin payments. #Update #Stablecoins $USDT
Tether Freezes $1.4M in TRON Vaults
THORChain’s TRON operations were interrupted on Oct. 9 due to a USDT vault blocklist affecting $1.45M, but resumed later the same day after the restrictions were reversed. #Update #Crypto $USDT
USDC Adoption Choked by Rising Deposit Rates
A BIS study reveals US deposit rates impact stablecoin growth, showing USDC’s growth slows by 4.8% per basis point increase, compared to 1.9% for USDT, affecting adoption dynamics. #Update #Crypto $USDC
Drift Hack Recovery Reaches Nearly 1 Cent
@DriftProtocol has opened claims for its DFX recovery token, allowing victims of an April exploit to redeem USDT at approximately 1.04% of verified losses until Jan. 1, 2028. #Update #Crypto $USDT
Aave Hikes GHO Borrow Rates 15%
@Aave has increased the borrowing rate for GHO to 4.5%, aiming to replenish depleted USDC reserves; however, effective liquidity depends on stablecoins entering the GHO Stability Module. #Update #Crypto $GHO
USDT Targets $17B Russia Crypto Network
The US sanctioned the Russia-linked A7 Network, blocking its $17 billion crypto payment system and targeting intermediaries using $USDT for transactions. Compliance obligations for financial firms are now in effect. #Breaking #Crypto $USDT
TRON’s $30 Trillion Volume Could Trap Investors
@TronFoundation has surpassed $30 trillion in lifetime transaction volume, with $94 billion in USDT circulating on its network; however, it faces scrutiny over illicit fund flows. #Update #Crypto $TRX
TRON USDT Balances Reset to Zero After $736K Exploit
@Chainflip will reset affected TRON USDT provider balances to zero following a $736,442 exploit disclosed on Sept. 12, while accounting for owed amounts separately. #Update #Crypto $USDT
Aave V4 Proposal Prioritizes DAO Funds for Losses
Aave V4’s proposal includes a bad-debt backstop for lenders supplying $WETH, $USDC, and $USDT, with the DAO absorbing initial losses. Coverage targets are set at 800 $ETH, 400,000 $USDC, and 400,000 $USDT. #Update #DeFi $AAVE
Tether Cracks Down $45M on Scam Compounds
@Tether has frozen over $45 million in USDT across 22 wallets linked to Xinbi Guarantee, a sanctioned crypto marketplace, disrupting its operations and prompting a shift to USDD transactions. #Update #Crypto $USDT
Tether Invests $400 Million Amid Debt Defaults
@Tether and Fasanara Capital launched StableFund with $400M to tap into the private-credit market amid rising defaults, aiming for $3B from institutions. #Update #Crypto $USDT