Tether

Tether ($USDT) trades at $0.9987, up 0.4% over seven days with a market capitalization of $183.9 billion [PRICE].

Tether posted a $1.5 billion profit for the third quarter, lifting its excess reserves to $7.95 billion supported by $132.4 billion in US Treasury bill holdings [7].

Meanwhile, blockchain analytics firm Chainalysis revealed that attackers involved in the Binance exploit moved $USDT through JustLend receipt tokens to transfer and redeem funds across wallets, as detailed in a report on the DeFi receipt-token laundering route [2]. Stablecoin issuers have also frozen roughly $2.7 billion onchain following the breach [11].

Onchain scanner data tracked significant $USDT flows on Ethereum between Oct. 30 and Oct. 31, including over $462 million routed from Bitfinex back to the Tether Treasury across three transactions [4, 5, 10].