Dubai Court Freezes $456M in TrueUSD Reserve Dispute Linked to Justin Sun

Published at 2025-11-13 01:07:20

Dubai’s Digital Economy Court has issued its first-ever worldwide freezing order in a legal battle over a $456 million shortfall in TrueUSD (TUSD) reserves. The dispute alleges reserve funds were misused to finance risky ventures via Aria Commodities DMCC, a Dubai-based trade-finance firm, and prompted Tron founder Justin Sun to intervene to support token holders. The order seeks to preserve assets while investigations and civil claims proceed.

The case elevates questions about reserve transparency and counterparty risk for stablecoins, and it may set a cross-border precedent for asset freezes in crypto disputes. Markets, exchanges and regulators will be watching whether the action leads to recoveries for holders or accelerates further legal and compliance scrutiny of stablecoin issuers and associated entities.

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Interactive Brokers announced on Jan. 16, 2026 it will accept 24/7 stablecoin deposits across 170 markets, enabling round-the-clock funding and faster access to trading. The move highlights growing integration of crypto rails into mainstream brokerage infrastructure.

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Published at 2026-01-17 02:45:11

PNC CEO Demchak Urges Clear Split Between Stablecoins as Payment or Investment

PNC CEO Bill Demchak said on Friday’s earnings call that stablecoins should be treated either as payment instruments or as money-market-style investment products, not both. He warned the dual role creates regulatory and liquidity uncertainty for banks and consumers.

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Published at 2026-01-16 16:15:17

Interactive Brokers Adds Stablecoin Funding for Brokerage Accounts

Interactive Brokers now lets eligible clients fund brokerage accounts with stablecoins such as USD Coin (USDC) and PYUSD. The option is intended to simplify fiat on‑ramps and speed settlement for crypto-aware investors.

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Published at 2026-01-15 23:30:24

House Democrats Blast SEC for Dropping Trump-Linked Crypto Cases

House Democrats accused the SEC of fostering a “pay-to-play” culture after it dropped enforcement actions involving Binance, Coinbase, Kraken and Justin Sun in a letter sent Thursday. Lawmakers say the moves raise serious questions about regulatory fairness.

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Published at 2026-01-15 18:30:48

State Street to Launch Tokenized Deposits and Stablecoins

Custody giant State Street is launching tokenized deposits and stablecoins to expand its digital asset offering. The move aims to speed settlements, deepen institutional liquidity, and push further mainstream adoption of crypto infrastructure.