USDT Under Fire: Blumenthal Opens Senate Probe Into Cantor
Prediction markets put a Democratic Senate flip at 61% on Kalshi and 64% on Polymarket; a majority would put subpoena power in Blumenthal's committee.
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Prediction markets put a Democratic Senate flip at 61% on Kalshi and 64% on Polymarket; a majority would put subpoena power in Blumenthal's committee.
The guidance gives national regulators a three-month outer limit to resolve existing customer holdings while preserving narrow routes to sell, convert, withdraw or safeguard tokens.
A transfer to likely Coinbase Prime addresses does not confirm a sale, but the assets’ legal status and the Strategic Bitcoin Reserve’s limits make their next moves consequential.
The integration connects businesses to a network carrying more than $94 billion in USDT, while leaving payment firms responsible for licensing and compliance.
The move brings Russia’s largest bank into crypto custody, linking established banking infrastructure with products tied to three major digital assets.
The dispute puts Tether’s control over frozen USDT funds under legal scrutiny, a question with implications for users who rely on stablecoins to move dollar-linked value.
The dispute puts the control Tether can exercise over frozen USDT at the center of a cross-border payments firm's claim that its operating funds were wrongly blocked.
The app combines dollar-denominated balances, transfers and card spending, putting OKX in competition with payments products from Binance, Coinbase and Bybit.
The investigator says he spent 349,700 USDC to gain access, helping trace funds across four blockchains and leading to a 442,000 USDT freeze by Tether.
The higher rate closes a 25-basis-point gap with sGHO savings on Ethereum Core, but reserve liquidity improves only if repayments bring USDC or USDT into the modules.
Their proposals could widen access for foreign-regulated stablecoins, but any change depends on the EU’s review and would not offer issuers an immediate route into Europe.
Redeeming locks in the quoted USDT payout but burns DFX, surrendering any share of future pool deposits.
Built on RGB, the Tether-backed project adds private USDT transfers, native BTC-USDT swaps and BTC-backed lending without wrapping, with Lightning Network support planned next.
The weekly roundup also spans USDT on Bitcoin, proposed shutdowns at Balancer and Blast, and Visa Direct's stablecoin settlement link.
The comparison signals a new source of demand for US debt, but stablecoin issuers buy mostly short-term assets, not the longer-dated bonds China has shed.
Verified users receive 1 DFX for each USDT lost, but the amount they can recover now depends on a pool that holds about 3.11 million USDT.
A7’s route from its ruble-backed token into USDT puts exchanges and liquidity providers under greater scrutiny as Washington targets the network’s access to global markets.
The redemption rate depends on the Recovery Pool balance and outstanding DFX supply, so receiving 1 DFX per USDT lost does not guarantee full repayment.
A partner reward model gives payment platforms an incentive to distribute OUSD, but USDT and USDC still control about 84% of the dollar-stablecoin market.
The Sept. 23 snapshot shows a sharp contrast across user holdings: USDe rose 62.41%, while BTC and ETH posted smaller gains.