Tether (USDT) — Onchain News & Whale Tracking

Tether minted an additional 1 billion USDT on the Tron network today.

Tether minted 1 billion additional USDT on the Tron network 7 hours ago.

Tether just minted another 1B $USDT on #Tron! The total supply of $USDT on #Tron has now exceeded 91B.

Tether just minted another 1B $USDT on #Tron! The total supply of $USDT on #Tron has now exceeded 91B.

Tether just minted another 1B $USDT on #Tron! The total supply of $USDT on #Tron has now exceeded 91B.

Tether just minted another 1B $USDT on #Tron! The total supply of $USDT on #Tron has now exceeded 91B.

Tether Gold investor holdings rose 9.5% in Q2, with demand for tokenized gold continuing to heat up.

Data released by Tether shows that its tokenized gold product Tether Gold (XAU?) saw a 9.5% rise in investor holdings during the second quarter of 2026, reflecting sustained growing demand for on-chain gold assets. The data indicates that despite a 14.1% drop in gold prices in Q2, investors continued to add to their XAU? positions, showing that market demand is not solely driven by bullish gold trends—some investors are taking advantage of price pullbacks to increase their exposure to physical gold. As of June 30, 2026, XAU? is fully backed by physical gold at a 1:1 ratio, with total gold reserves amounting to 707,747.139 troy ounces, equivalent to approximately 22.01 tons and valued at around $2.837 billion. By the end of Q2, 612,823.66 XAU? tokens had been issued, up 53,225.02 from 559,598.64 at the end of Q1, corresponding to an additional 1.66 tons of physical gold held by investors, representing a roughly 9.5% rise in client holdings. Tether noted that XAU?’s gold reserves remained unchanged throughout the quarter, with every token backed by at least one troy ounce of physical gold. The gold is stored in Swiss vaults, including 1,759 London Good Delivery standard bars and other bars of various specifications. Tether CEO Paolo Ardoino said that gold experienced its largest quarterly decline in 13 years during Q2, yet investors continued to buy XAU?, indicating that tokenized gold is becoming a new way for investors to allocate to physical gold. Additionally, data from Tether International SA de CV shows that the company purchased a total of about 27.1 tons of gold in the first half of 2026, with an average monthly procurement of roughly 4.5 tons. If included in central bank gold purchase rankings, its total gold holdings would stand at approximately 150 tons, ranking third in global gold accumulation during the period, second only to Poland and China.

Tether's Q2 performance weakened, with its excess reserves declining by more than $4 billion.

Stablecoin issuer Tether released its financial report on Friday, revealing that its excess reserves fell by $4.1 billion in the second quarter compared to the prior quarter. At the end of Q1, USDT’s issuer had reported assets exceeding liabilities by $8.2 billion; that figure has now dropped to $4.1 billion in the latest data. The report also noted Tether posted a $3.2 billion net loss for the first half of this year. With the company having reported $1 billion in net profit in Q1, this implies it likely suffered a loss of over $4 billion in Q2. Year-over-year, Tether’s performance has also weakened notably: its Q2 2025 net profit stood at $4.9 billion, while this year’s Q2 net operating profit was $1.5 billion. Net operating profit typically excludes unrealized gains and losses from price fluctuations in assets like Bitcoin and gold.

Tether Releases Q2 Financial Report: Net Operating Profit Hits $1.5 Billion, Reserve Assets Exceed Liabilities by $4.11 Billion

Tether released its Q2 2026 financial report. As of June 30, USDT circulation stood at approximately $184.6 billion, up around $446 million from the end of Q1, lifting its stablecoin market share to over 60%. The report was compiled by independent accounting firm BDO. Tether’s Q2 net operating profit hit roughly $1.5 billion, primarily from U.S. Treasury and repurchase (repo) operations. At quarter-end, the company’s total assets were about $187.751 billion, with total liabilities around $183.642 billion; of the liabilities, roughly $183.622 billion was tied to issued digital tokens, resulting in assets exceeding liabilities by approximately $4.11 billion. During the quarter, Tether cut its secured loan exposure by around $2.38 billion, a 15% reduction. It also added 14 tons of physical gold, bringing its total gold holdings to over 146 tons. The stablecoin issuer noted it remains one of the world’s largest U.S. Treasury buyers and holders, with its global user base growing by more than 30 million in Q2. Tether CEO Paolo Ardoino stated that despite significant volatility in gold and Bitcoin markets, USDT remains fully reserve-backed. The company also continued its audit process with the Big Four accounting firms during the same period.

Tether’s compliant stablecoin USAT has gone live on the Celo blockchain, marking its second mainnet deployment following Ethereum.

Tether’s compliant stablecoin USAT has launched on Celo, marking its second mainnet deployment following Ethereum. Issued by Anchorage Digital Bank, the token can be natively minted and redeemed on Celo, and directly cover on-chain gas fees via Celo’s fee abstraction mechanism. USAT launched in January this year, with a current market capitalization of approximately $185 million.

Tether open-sources edge-side vision-language model VisionPsy-Nano

According to Tether’s official blog, QVAC, an AI research project under Tether Data, has open-sourced VisionPsy-Nano—a compact vision-language model built for end-device and edge deployment. With around 460 million parameters, the model brings multimodal understanding capabilities that previously required cloud infrastructure directly to mobile devices. Among all evaluated end-side vision-language models with fewer than 500 million parameters, VisionPsy-Nano scored the highest overall normalized score of 62.3, outperforming competing models from Liquid AI, Hugging Face, and others in 16 out of 17 benchmark tests. Tether is launching two versions of the model: the Flash version, optimized for low latency, which retains roughly 99% of the full model’s quality while drastically improving inference speed. Both versions are open-sourced under the Apache 2.0 license. Paolo Ardoino, CEO of Tether, noted that this proves local-first, efficient AI is a viable approach, enabling powerful and private AI to run on devices people already have.

Tether’s gold token XAUT secures Shariah compliance certification, opening up the Middle East and global Muslim markets.

Tether announced that its gold-backed digital asset XAUT has obtained Shariah compliance certification from Amanah Advisors, providing a compliant digital gold investment channel for global Muslim users, Islamic banks, and institutional investors. Tether stated that the certification confirms XAUT aligns with core principles of Islamic finance, enabling users to hold physical gold digitally via blockchain infrastructure. Each XAUT token represents direct ownership of physical gold stored in Swiss vaults, with no interest (riba), leverage, or speculative derivatives included in its structure. Amanah Advisors verified that XAUT issuer TG Commodities, S.A. de C.V. meets Islamic finance requirements, including: actual ownership of physical gold; transparent and verifiable asset reserves; no interest mechanism; no leverage or speculative derivatives; and a transparent reserve structure. Tether noted that gold has long played a key role in the Islamic financial system, and XAUT aims to bridge traditional gold value with blockchain technology to enhance global accessibility of digital gold. The certification is expected to drive XAUT adoption in Gulf Cooperation Council (GCC) countries, South Asia, parts of Africa, and global Islamic financial hubs, including digital gold services from Islamic banks, Shariah-compliant savings products, asset preservation solutions, and institutional-grade gold allocations.

Tether takes a $20 million stake in Argentine digital bank Ualá, continuing to expand its footprint in South America.

The world’s largest stablecoin issuer Tether has invested $20 million in Argentine digital bank Ualá, which counts over 11 million customers across Argentina, Mexico, and Colombia, offering services including accounts, cards, loans, and investments. The investment forms part of Ualá’s $197 million funding round announced in March this year, led by Allianz X, Allianz’s venture arm, with a post-money valuation of $3.2 billion. At this valuation, Tether holds an approximately 0.6% stake. Ualá CEO Pierpaolo Barbieri stated that current regulations in Argentina and Mexico have hindered recent plans to integrate USDT, and Tether is participating in the round solely as a financial investor. Tether has been ramping up its footprint in South America recently: in April, it led a $14 million funding round for Argentine payment wallet Belo; it holds around 70% of shares in Adecoagro, an agricultural and energy producer operating in Argentina, Brazil, and Uruguay; and earlier this month, it put $20 million into Brazilian crypto exchange Mercado Bitcoin. Tether uses excess capital from returns on USDT reserve assets for these investments. Currently, USDT has a circulating supply of $184 billion, with a net profit of $1.04 billion in the first quarter of this year.

FT: Circle previously blocked a crypto fund account backed by Tether, and later secured favorable arbitration rulings.

According to a Financial Times report, newly unsealed court documents show that stablecoin issuer Circle blocked Tether-backed crypto fund Heka Funds at the end of 2023, suspecting it of manipulating markets via large-scale arbitrage operations and helping Tether expand its market share. The documents note that during the 2023 Silicon Valley Bank (SVB) crisis, USDC briefly broke below its $1 peg. Heka continuously purchased large amounts of discounted USDC and redeemed it for U.S. dollars from Circle. Circle deemed Heka’s redemption volume far exceeded that of other market participants, and suspected the funds ultimately flowed to Tether to help grow USDT’s market size. Arbitration documents also disclose that Tether invested approximately $800 million in Heka, accounting for around 75% of the fund’s assets, and waived stablecoin minting fees. Arbitrators found that Heka failed to truthfully disclose Tether’s backing relationship and knew the information would raise concerns at Circle. In 2024, Heka filed an arbitration claim after its account was blocked, seeking around $49 million in lost profits. In February this year, arbitrators rejected all of Heka’s claims, ruling it had engaged in malicious conduct and ordered it to pay Circle approximately $166,000 in legal and expert fees. Heka denied market manipulation and stated it had never faced regulatory investigations over the matter. Circle declined to comment, while Tether did not respond to media requests for comment.

Tether leads Pact Labs’ $7 million Series A funding round, driving the expansion of stablecoin USAT’s service offerings.

According to official announcements, Tether today announced it has led Pact Labs' $7 million Series A funding round, with Blockchange Ventures and Lasagna participating. The investment will support Pact Labs' development, enabling it to become a core infrastructure provider for USAT in areas including payroll, early wage access, credit, and daily payments.

Uniswap generated approximately $5.027 million in trading fees over the past 24 hours, ranking second only to Tether and Circle.

Uniswap founder Hayden Adams noted in a post that, per DefiLlama data, Uniswap’s 24-hour trading fees totaled approximately $5.027 million, ranking second in daily trading fees only behind Tether and Circle, and exceeding projects such as Hyperliquid and pump.fun.

Unusual activity on Tether’s Bitcoin reserve address: 4 BTC transferred out, Q2 accumulation reportedly suspended.

According to monitoring by EmberCN, Tether allocates 15% of its quarterly profits to its Bitcoin reserve address. Approximately 5 hours ago, this address made a test transfer of 4 BTC to Binance, valued at roughly $250,000. EmberCN stated that this same address previously transferred 204.3 BTC to Bitfinex a month ago, worth approximately $14.36 million at the time, when Bitcoin’s price stood at around $70,000. It remains unclear whether these assets have been sold. Additionally, Tether appears to have not yet completed the on-chain withdrawal of new Bitcoin for Q2 2026. Per its usual practice, Tether typically transfers BTC purchased in the quarter to its reserve address on the last day of each quarter. However, more than 10 days have elapsed since the end of Q2, and no new Bitcoin deposits to this reserve address have been observed on-chain, sparking market concerns over whether it has adjusted its Bitcoin accumulation pace.

Tether has minted 1 billion USDT on the Tron network.

According to monitoring by Onchain Lens, Tether has minted 1 billion USDT on the Tron network.

Tether burned 2.5 billion USDT on Ethereum in a single day, marking the largest single-day burn since February.

CryptoQuant cited on-chain data, reporting that on July 7, Tether Treasury burned $2.5 billion worth of USDT on the Ethereum network. This marks the largest single burn on the network since February this year, exceeding the $2 billion burn on May 8, and second only to the all-time high of $3.5 billion recorded on February 10. Meanwhile, the USDT balance flowing into and out of Binance via the Tron network dropped to roughly $806 million, its lowest level since December 29, 2025 (when it hit $391 million), falling below the $1 billion threshold and signaling a significant contraction in USDT liquidity on Binance’s Tron channel. The large-scale burn by Tether Treasury primarily reflects redemption, fund management, or cross-chain rebalancing operations rather than a direct market signal. However, the synchronized contraction of Ethereum’s USDT supply and Binance’s Tron liquidity is worth ongoing monitoring, as market participants will watch whether the liquidity of dual-chain stablecoins continues this concurrent tightening trend.

Tether has invested $20 million in Mercado Bitcoin to support the construction of on-chain financial infrastructure in Latin America.

Tether announced it will invest $20 million in the strategic growth funding round of Latin American on-chain financial services platform Mercado Bitcoin, to support its expansion in tokenization, payments, credit, capital markets, and regulated digital financial services. Founded in 2013, Mercado Bitcoin originally launched as a digital asset trading platform and has since evolved into a comprehensive on-chain financial platform covering trading infrastructure, tokenized investment products, credit and lending, stablecoin payments, banking infrastructure, and cross-border financial services. The company currently serves 4.5 million users, has issued over R$2 billion in tokenized assets, and holds more than 10 licenses in Brazil and Europe.

Former Tether Chief Investment Officer plans to sell a portion of their 1.26% stake.

Former Tether Chief Investment Officer Richard Heathcote plans to sell part of his stake in Tether, which currently stands at approximately 1.26%. The secondary equity sale is being handled by PJT Partners, and the firm is currently in talks with potential buyers.

Former Tether Chief Investment Officer Plans to Sell Stake in Tether

Bloomberg reported that sources familiar with the matter disclosed Richard Heathcote, former chief investment officer (CIO) of Tether, is collaborating with PJT Partners to sell a portion of his 1.26% stake in Tether. He is currently in talks with potential buyers, and no valuation has been disclosed. Earlier this March, Heathcote stepped down as Tether’s CIO and transitioned to an advisory role.

Tether will launch XAUT gold-collateralized lending service, further expanding the applications of tokenized gold.

Tether is putting its approximately $23 billion in gold reserves to further use, partnering with crypto lending platform Ledn to expand use cases for its tokenized gold product Tether Gold (XAUT). Ledn has announced support for XAUT and plans to launch XAUT-collateralized lending services later this year, joining its existing offerings of Bitcoin and USDT-backed loans. Per available details, each XAUT token is backed by one troy ounce of physical gold stored in Swiss vaults. Tether states it holds around $23 billion in gold reserves, providing 1:1 backing for XAUT. Going forward, users will be able to access liquidity without selling their gold assets by collateralizing XAUT, a model similar to Bitcoin-backed lending. Tether CEO Paolo Ardoino noted that as digital assets grow in importance to the global economy, market demand for financial instruments balancing long-term holdings and capital flexibility continues to rise. In recent years, Tether has leveraged profits from USDT to expand its business footprint, now holding approximately 140 tons of physical gold, investing in precious metals trading platform Gold.com, and partnering with crypto finance firm Antalpha to advance XAUT’s applications in lending and physical redemption. Additionally, Tether has expanded into multiple sectors including Bitcoin mining, renewable energy, AI infrastructure, and computing power.

500 million USDT transferred from Tether Treasury to Binance

According to Whale Alert's monitoring, 500 million USDT was transferred from the Tether Treasury to Binance five minutes ago.

Using Donations to Buy a Ferrari? UK Reform Party Leader Calls Tether Shareholders' $6.7 Million Donation an "Unconditional Gift"

Reform UK leader Nigel Farage has addressed the ￡5 million (approximately $6.7 million) gift he received from Tether shareholder Christopher Harborne, describing the funds as an "unconditional gift" whose use is entirely personal—adding, "If I wished, I could use it to buy a Ferrari." The UK Parliament’s Standards Commissioner is currently investigating whether Farage should have declared the donation after being elected as a Member of Parliament in 2024. Under parliamentary rules, newly elected MPs are generally required to disclose high-value gifts received in the preceding year. Harborne, a British-Thai businessman, holds roughly 12% of Tether—issuer of the stablecoin USDT—and is one of Reform UK’s key donors. In response to external concerns that the gift could influence his stance on cryptocurrency, Farage rejected the claim, stating he has long supported the crypto industry and advocates for establishing a UK Bitcoin reserve and lowering capital gains tax on digital assets. Notably, the personal gift is separate from political donations Harborne has made to Reform UK, and neither was paid in cryptocurrency.

Tether Co-founder: Stablecoin 2.0 Era Requires Rethinking User Dollar Fund Distribution Mechanism

June 20th: Tether co-founder Reeve Collins stated that Tether holds its users’ U.S. dollar deposits and invests those funds in U.S. Treasury bonds, which currently yield approximately 3%–4%. Tether retains all earnings from these investments, giving users instant global U.S. dollar liquidity while they earn no interest on their assets. This straightforward model has cemented Tether’s position as a market leader but has also built an inherent structure of platform-centric earnings. Collins believes this is the core dynamic that needs to change in the Stablecoin 2.0 era. Additionally, Collins emphasized the necessity of distinguishing between investment and speculation, the importance of entering the AI infrastructure layer early rather than focusing on external application-layer development, and the strategy of holding Bitcoin long-term as a core asset allocation.

Tether announced that it will gradually discontinue the operation of Alloy and aUSDT, focusing on its core business.

June 18: Tether has announced it will wind down operations for Alloy by Tether and its aUSDT stablecoin product as planned. The decision comes after a full assessment of user engagement, market demand, and the company’s overall strategic priorities. Launched earlier as an open platform, Alloy by Tether was designed to explore a digital asset issuance model backed by Tether Gold (XAUT), including its overcollateralized stable asset aUSDT. Since its launch, the platform has provided the market with meaningful real-world data on gold-backed tokens and key insights into asset tokenization applications. Following this strategic adjustment, Tether will redirect its resources to core product lines with stronger demand, higher liquidity, and long-term growth potential—including critical ecosystem assets like XAUT. The closure will be phased to ensure a smooth transition: effective immediately, the platform is disabling functions for opening new positions and minting aUSDT to prevent additiona

Tether Signs Memorandum of Understanding with Dubai Multi Commodities Centre to Advance Blockchain Education and Asset Tokenization

June 16 — Stablecoin issuer Tether has entered into a partnership memorandum of understanding (MoU) with the Dubai Multi Commodities Centre (DMCC) to explore collaboration on three key areas: tokenization, digital asset education, and blockchain applications. DMCC, one of the world’s leading commercial hubs, hosts more than 26,000 businesses that make up 15% of Dubai’s total foreign direct investment (FDI). Under the MoU, Tether will deliver specialized workshops, blockchain advisory services, and digital asset pilot projects to companies in DMCC’s network. The pair will also look to enhance the DMCC community experience via a peer-to-peer digital payment system, and support knowledge sharing and innovation at the DMCC Crypto Center — including co-hosting events and hackathons. Tether CEO Paolo Ardoino noted that the UAE is actively integrating digital asset infrastructure into the global market and real economy. He added that this partnership aims to accelerate the practical applica

Tether's AI Platform QVAC Releases SDK 0.13.0, Introducing Brain-Computer Interface Plugin

Per monitoring from Dongcha Beating, Tether's native AI development platform QVAC has launched SDK version 0.13.0. Key updates in this release include: - Added the @qvac/ai-sdk-provider as a local inference provider for coding intelligences like opencode - Added support to easily package QVAC projects into desktop applications for Mac, Windows, or Linux, powered by Electron - Incorporated support for the pi0.5 visual language model, which can run at full precision on a single consumer-grade GPU - Added local map-based video functionality via the Wan2.1 model - Added a Brain-Computer Interface (BCI) plugin that decodes neural signals into text directly at the device level Additionally, the update brings Android-side optimizations for Whisper GPU transcription, improvements to mobile Parakeet speech recognition, and full GPU acceleration support for Supertonic TTS. --- Click the original link below to join the Dongcha Beating · Feishu AI News Channel, which tracks global AI hot topics

Tether Freezes 72.03 Million USDT in One Address

June 12 — According to on-chain monitoring tool Whale Alert, 72,030,295 USDT held in a single crypto address have just been frozen by Tether.

Tether Confirms Lead Investment of Up to $1.4 Billion in NEURA Robotics Series C Funding

June 10: Tether confirmed it is leading a $1.4 billion USD Series C funding round for Neura Robotics. Today, German robotics startup Neura Robotics—based in Meckingen—announced it is closing a roughly €1 billion funding round to accelerate development of AI-driven humanoid robots. The round is projected to lift Neura Robotics’ valuation to around €4 billion, with potential for future follow-on rounds. Founded in 2019 by David Reger, Neura Robotics specializes in "cognitive robots" with vision, hearing, and environmental awareness. The firm also builds industrial and consumer robots, and has developed the Neuraverse software platform to enable intelligent human-robot collaboration. Public filings show the startup previously raised €120 million in January 2025, in a round led by Lingotto Investment Management, with Volvo Cars Tech Fund among other backers. Neura Robotics says its order backlog is nearly $1 billion, with clients including Kawasaki Heavy Industries and Omron.

Tether Appoints Independent Director to Twenty One Capital Board, Restoring Full Audit Committee Structure

On June 6, stablecoin issuer Tether announced it has appointed a new independent director to the board of Bitcoin reserve firm Twenty One Capital (XXI) to fill an open audit committee seat. The company confirmed the appointment meets independence standards laid out by the U.S. SEC’s Rule 10A-3 and NYSE listing requirements. The vacancy emerged after Tether acquired SoftBank Group’s stake in XXI on May 20. Once their shared governance agreement ended, all SoftBank-nominated directors resigned—including one audit committee member. Twenty One Capital currently holds over 43,500 Bitcoins and operates as a vertically integrated Bitcoin company, with business lines spanning mining, asset reserves, capital markets, and financial services. Tether CEO Paolo Ardoino noted XXI is building what will be one of the world’s leading Bitcoin enterprises. “Our top priority here is ensuring the board has an independent oversight framework compliant with SEC and NYSE rules, to match the strength of it

Tether Launches World's First Gold-Backed Visa Card, Offering XAUT Rewards for Purchases

On June 3rd, Tether partnered with Fasset to launch the world’s first gold-backed Visa debit card. The card lets users spend fiat at any global Visa merchant, with eligible transactions earning up to 6% cashback in XAUT—Tether’s gold-backed token. It also supports real-time conversion between XAUT, USDT, and fiat currencies, plus an auto-round-up feature that turns spare change from purchases into XAUT investments, making passive gold accumulation effortless through everyday spending. Tether has committed up to $1 million worth of XAUT for ecosystem rewards to boost adoption of tokenized gold in emerging markets. The total market capitalization of tokenized gold now exceeds $5.3 billion, with XAUT accounting for more than $2.6 billion of that figure.

Tether's BTC Reserve Address Moves 204.3 BTC to Bitfinex, Worth $14.36 million

On June 2nd, per EmberCN’s monitoring, a Bitcoin reserve address belonging to Tether—issuer of the USDT stablecoin—transferred 204.3 BTC (valued at $14.36 million) to Bitfinex three hours ago. Since 2023, this address has allocated 15% of Tether’s corporate profits to purchase Bitcoin, bringing its total holdings to 96,936 BTC worth $6.72 billion, making it the fifth-largest Bitcoin wallet globally. The average purchase price for these BTC is roughly $51,312, resulting in an unrealized gain of approximately $1.75 billion.

Tether's Team QVAC to Host Inaugural AI Hackathon

May 26 – Tether’s QVAC team has officially announced the upcoming first-ever QVAC Hackathon, calling for developers to build real edge AI applications using the @qvac/sdk. The event stands out for supporting on-device inference, being fully open source, and requiring no cloud infrastructure at all. The hackathon features 4 dedicated tracks, each with cash rewards plus an overall grand prize, with a total prize pool of $21,000. Submissions open June 1 and run through June 22, with winners set to be announced on July 3.

Tether Partners with the Government of Georgia to Launch Official Stablecoin GEL?

MAY 25 — Official sources report that Tether, in collaboration with the Georgian government, plans to launch a stablecoin pegged to the Georgian Lari, named GEL?. This marks one of the first joint initiatives to bring a national fiat currency directly into the digital asset space, operating under a purpose-built stablecoin regulatory framework. GEL? will act as a digital equivalent of the Georgian Lari, enabling lower transaction costs, near-instant settlements, programmable payments, and smoother, more efficient value transfers within digital financial systems. The project is expected to fuel fintech growth, advance digital payment adoption, and expand access to programmable financial infrastructure across Georgia and the broader region. Georgian Prime Minister Irakli Kobakhidze commented: “With visionary partners like Tether, Georgia is laying the foundation for a more connected, transparent, and digitally empowered global financial ecosystem.” Tether’s CEO Paolo Ardoino added: “St

Tether announces acquisition of Softbank's stake in Twenty One Capital

On May 20th, Tether announced it has acquired SoftBank’s entire stake in Bitcoin investment firm Twenty One Capital (XXI), becoming the majority shareholder of the company. Following the completion of the transaction, a SoftBank board representative will step down from XXI’s board in line with the shareholder agreement terms. Tether CEO Paolo Ardoino highlighted that SoftBank was instrumental to Twenty One Capital’s early setup and growth stages, bringing professional perspective, credibility, and the rigorous approach characteristic of top-tier tech investors to help lay a solid foundation for the firm. Moving forward, Tether says it is even more confident in XXI’s future and will continue advancing its Bitcoin-focused strategy to enter the next phase of growth.

Non-custodial cryptocurrency wallet Sorted Wallet has completed a $4.4 million seed round financing, with Tether and Gnosis co-leading the investment.

May 20 – Non-custodial crypto wallet Sorted Wallet has closed a $4.4 million seed round of financing. The equity investment portion of the round amounts to $3.4 million and is led by investors Tether and Gnosis. Vox Solutions contributed an extra $1 million in strategic support, with angel investors including Movement, Angel Invest Group, and the founder of RWA.io joining the financing. Separately, Tether made a $1.5 million strategic investment in Sorted Wallet back in 2024.

Viewpoint: Tether's and USDC's Reserve Structures More Resemble a Hedge Fund With High Risk

May 20 – Christoph Hock, Head of Digital Assets and Tokenization at major German asset manager Union Investment, told attendees at the 2026 London Digital Money Summit that USDT and USDC don’t qualify as genuine "stablecoins" under strict definitions. He noted their reserve structure bears more resemblance to a high-risk hedge fund. Hock emphasized that Tether’s reserves hold large amounts of gold and Bitcoin, meaning the token isn’t a purely USD-backed low-risk cash equivalent. According to him, this framework transfers market volatility risk to corporate finance teams and institutional investors. He specifically referenced USDC’s past 13% de-pegging event, arguing that such price swings pose "catastrophic risks" for corporate finance departments and asset management firms that rely on stablecoins for overnight cash settlements. Institutional investors can’t stomach significant, short-term losses in their cash positions, Hock said, adding that some stablecoins have strayed from the

Tether Accelerates Expansion into South Korea, Submits Trademark Application for Company Name and Logo

May 19 – Tether is accelerating its push into the South Korean crypto market, with its latest trademark moves signaling it’s laying the groundwork for a local presence, industry watchers say. The stablecoin giant recently filed 7 trademark applications in Korea, covering its brand name, official logo, and its gold-backed stablecoin Tether Gold. Notably, this marks a shift from Tether’s prior Korean trademark efforts, which only focused on registering stablecoin product names—this time, it’s expanding to full brand identity assets like its core logo. Industry insiders frame the move as a proactive step aligned with Korea’s upcoming rules under the Act on the Reporting and Use of Specific Financial Transaction Information (the Virtual Asset Service Provider, or VASP, Act), which will require overseas stablecoin issuers to establish local branches to operate their services domestically. Tether’s action stands out because it’s acting faster than key rival Circle, analysts note. Fo

Tether Invests in Cross-Border Financial Platform LemFi to Drive Stablecoin Remittance Applications in Emerging Markets

On May 18, Tether announced an investment in cross-border financial platform LemFi, a move aimed at boosting stablecoin adoption for remittances in emerging markets and expanding access to borderless financial infrastructure. LemFi primarily caters to cross-border professionals and residents working in the U.K., U.S., Canada, and Europe, offering tailored financial services for remittances sent to Africa and Asia. Tether noted that the investment will enable LemFi to integrate USD? as a core settlement layer across key cross-border corridors, replacing the slow, multi-day SWIFT settlement process to deliver lower costs and near-instant cross-border transfers. The pair also intend to scale their stablecoin integration efforts, rolling out USD? across LemFi’s full product ecosystem to deliver even more stable, transparent, and accessible financial solutions. Tether CEO Paolo Ardoino emphasized that the company’s mission is to drive global financial inclusion via scalable financi

Tether(@tether) has minted another 1B $USDT on #Tron! The total $USDT supply on #Tron has now reached $89.37B.

Tether(@tether) has minted another 1B $USDT on #Tron! The total $USDT supply on #Tron has now reached $89.37B.

Tether Sues Brazilian Titan Holding to Recover $300 Million Defaulted Loan

May 9th, Tether has filed a lawsuit in S?o Paulo, Brazil, to recover a $300 million loan from Titan Holding—an affiliate of the Master Group. The loan was issued by Tether’s venture arm, Tether Investments, in March 2025, with an original repayment deadline of March 28, 2026. No repayment has been made to date, however. Daniel Vorcaro, owner of the Master Group, was recently arrested. His Banco Master was liquidated by Brazil’s Central Bank last November over a $2.2 billion reserve shortfall, impacting more than 1 million customers. In the lawsuit, Tether is seeking to freeze all financial assets of Titan and its affiliated firms.

Tether Burns 2 Billion USDT on Ethereum Network

On May 9, per Onchain Lens data, the USDT issuer Tether burned 2 billion USDT on the Ethereum network. Since April 18, Tether has minted 5 billion USDT—2 billion of which was burned 5 hours ago.

Tether Gold Q1 Reserves Surge by 36% to Over $3.3 Billion, Macro Uncertainty Drives Demand for 'Hard Assets'

On May 4, Tether Gold (XAUT)—the world’s leading tokenized gold product—announced its underlying gold reserves surged 36% in Q1 2026 from the prior quarter, topping $3.3 billion in total value. The growth was fueled by record-high gold prices and growing investor demand for safe-haven assets amid persistent macroeconomic uncertainty. Tether CEO Paolo Ardoino noted XAUT’s growth signals a broader structural shift: investors are increasingly seeking programmable, liquid exposure to gold. Gold is transitioning from a passive store of value to a fully backed financial instrument that can be transferred and settled in real time. The reserves are held in Switzerland and adhere to the London Bullion Market Association’s (LBMA) "London Good Delivery" standards. XAUT operates as a regulated stablecoin issuer under El Salvador’s "Digital Assets Issuance Law."

Tether Mints Another 1 Billion USDT, Totaling 5 Billion USDT Issuance in the Past Two Weeks

May 4: Tether minted an additional 1 billion USDT on the TRON network one hour ago, per data from Lookonchain. Over the past two weeks, the stablecoin issuer has minted a total of 5 billion USDT.

Tether Slows Down Gold Purchase Pace: Increased Holdings by Approximately 6 Tons in Q1, Holding a Total of Approximately 154 Tons of Gold

NEW YORK, May 2 (Reuters) - Tether slowed its gold purchases in the first quarter of 2026 to support its USDT stablecoin, per Reuters reporting. Quarterly data shows its gold buying volume fell to roughly 6 metric tons, down from 27 tons in the prior quarter. As of March 31, Tether’s gold reserves backing USDT rose to about 132 metric tons (valued at ~$19.8 billion), accounting for roughly 10% of its reserve structure. U.S. Treasury bonds remain its primary asset at ~$117 billion, while Bitcoin reserves total ~$7 billion. Separately, gold reserves for XAUT — Tether’s gold-backed stablecoin — increased to ~22 metric tons. Combined, the two product lines hold about 154 metric tons of gold. Tether had previously planned to allocate 10% to 15% of its ~$20 billion investment portfolio to physical gold, but the dedicated trading team for these transactions was disbanded in March this year due to management structure constraints.

Tether Q1 Financial Report: Achieves $1.04 Billion in Profit, Asset Reserves Reach $8.232 Billion, Setting a New Record

**Tether Q1 2025 Report: Robust Profitability Amid Global Volatility** On May 1, Tether—issuer of the stablecoin USDT—released its Q1 2025 financial report, showing strong profitability despite elevated global market volatility. As of March 31, 2025 (note: original reference to 2026 appears to be a typo, aligning with Q1 2025 reporting), key metrics included: - Net profit: ~$1.04 billion - Total assets: ~$191.768 billion - Total liabilities: ~$183.536 billion - USDT issuance-related liabilities: ~$183.438 billion Tether’s asset reserves hit a record $8.232 billion, marking a significant jump from the prior period. USDT circulation remained stable at a massive ~$183 billion. Reserves consist primarily of highly liquid, high-quality assets: - ~$141 billion in direct/indirect U.S. Treasury holdings (core position, making Tether the 17th largest global holder of U.S. Treasuries) - ~$20 billion in physical gold - ~$7 billion in Bitcoin, with additional BTC accumula

Democratic Senator Pressures Tether Over Alleged Bribery of US Secretary of Commerce

On May 1, Democratic Sens. Elizabeth Warren and Ron Wyden are pressing for accountability over Tether’s alleged bribery of U.S. Commerce Secretary Howard Lutnick. Reports state Tether provided an undisclosed loan amount to a trust fund benefiting Lutnick’s children, and Cantor Fitzgerald—where Lutnick previously worked—was also a custodian of Tether’s reserves. Warren and Wyden further noted the recently passed “Genius Act” benefited Tether, adding Tether had lobbied in support of the bill—suggesting potential cronyism.

Several U.S. Senators Send Letter to Tether CEO Regarding the Luttig Loan

On April 30, several U.S. senators sent letters to Tether’s CEO concerning a loan from U.S. Commerce Secretary Gina Raimondo. They also wrote to Raimondo regarding a family trust loan. (Golden Finance)

Tether Treasury Mints an Additional 1 Billion USDT on the Tron Network

On April 30, WhaleAlert data shows that at 15:45 UTC+8, the Tether Treasury minted 1 billion additional USDT on the Tron network.

Tether Investments Proposes to Drive 21 Capital Merger with Strike and Elektron to Consolidate Bitcoin Financial and Mining Operations

On April 30, Tether Investments proposed restructuring Twenty-One Capital (XXI) via a series of merger transactions—including a merger with Bitcoin financial services firm Strike and further integration with Bitcoin mining company Elektron Energy. Upon completion of the deal, the merged entity will combine a financial services platform, global distribution/compliance infrastructure, large-scale mining capacity, and computing power resources—creating a comprehensive platform covering Bitcoin reserves, mining, and financial services. Elektron founder Raphael Zagury is slated to serve as CEO.

Latin American digital wallet platform Belo completes $14 million Series A funding round, led by Tether

On April 29, Tether led a $14 million Series A funding round for Latin American digital wallet platform Belo, with participation from Titan Fund, The Venture City, Mindset Ventures, and G2. Belo announced it plans to use the new capital to expand into Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay—while continuing to strengthen its presence in Brazil, focusing on serving freelancers, remote workers, and users of cross-border fund transfers. Founded in 2021 and based in Buenos Aires, Argentina, Belo currently boasts over 3 million users across Latin America. Its core product is a crypto-powered digital wallet that lets users hold and transfer local currencies, plus stablecoins (which the platform refers to as “digital dollars”). Recent reports show stablecoins have surged in popularity in emerging markets like Latin America in recent years, primarily for inflation hedging, cross-border remittances, and avoiding high-cost foreign exchange systems. Belo combines payment, cu