Company · updated September 30, 2026
Tether
What is Tether?
Tether issues USDT, the largest stablecoin by market capitalisation, and the gold-backed XAUT. Its reserve reports and its ability to freeze USDT on-chain make it a regular subject of regulation and sanctions stories.
Official site: tether.to
Latest Basis Desk coverage
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US Sanctions Tren de Aragua Network for $40.7M ATM Jackpotting Scheme
OFAC designated 10 individuals and seven crypto addresses tied to FBI fugitive Anibal Aguirre, who allegedly used stablecoins to launder stolen cash.
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MEXC Deposits Additional 1,000 BTC Into Guardian Reserve Fund
The digital asset exchange expanded its protection pool to 2,000 BTC and 100 million USDT as part of a $500 million target.
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Senator Blumenthal Urges DOJ and Treasury to Probe Tether Over Iran Financing
A Senate PSI report alleges 84% of sanctioned Iran-linked crypto wallets operated almost exclusively in USDT, calling for federal scrutiny of the stablecoin issuer.
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Bybit Adds Tesla and Nasdaq 100 ETF to TradFi Perp Options Roster
The exchange expanded its TradFi perpetual options suite to eight assets and launched a 70,000 USDT incentive program.
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US Prosecutors Move to Forfeit 110,270 Tether in Account Fraud Case
The US Attorney's Office filed a civil forfeiture action to seize approximately $47,000 in USDT linked to a Massachusetts account takeover scheme.
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Tether Freezes Nearly $550M in Iran-Linked USD₮ as US Sanctions Tighten
The stablecoin issuer reports freezing $550 million in 2026 across wallets linked to the Central Bank of Iran following US Treasury actions.
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Tether and Circle Lead Crypto Revenue Rankings as Stablecoins Dominate
Tether logged $500.25 million and Circle generated $204.75 million in monthly protocol revenue, outpacing decentralized applications and major blockchains.
Primary documents cited in our coverage
- Tether Has Supported Nearly $550 Million in Iran-Linked USD₮ Freezes as U.S. Expands Sanctions Campaign - Tether.io — Primary document (discovered), September 28, 2026
Stories are matched to this page automatically from their headline, summary and tags. Basis Desk is an AI-native newsroom; every story links its primary sources. Not financial or legal advice.