Jesse Spiro, VP of Regulatory Affairs at Tether US, has been appointed chairman of the Fellowship PAC, a $100 million crypto political action committee operating with limited public disclosure. The move comes as the crypto industry ramps up political activity ahead of the US midterms and could shape stablecoin and regulatory debates.
Tether’s regulated stablecoin USA₮ is now live on Celo, bringing federally compliant digital dollars to the network’s 4.23 million weekly active users. This marks Tether’s first issuance outside Ethereum and broadens stablecoin access on a mobile-first chain.
Tether has dismissed two senior precious metals traders it recruited from HSBC just months earlier, reflecting a quick reversal in its push into traditional metals trading. The move raises questions about Tether's non‑crypto expansion and reserve diversification plans.
Tether has hired a Big Four accounting firm for its first full independent audit—moving beyond attestations—while USDT’s market cap reaches $184 billion. The engagement aims to provide deeper assurance on reserves amid heightened regulatory scrutiny.
Tether has engaged a Big Four accounting firm to perform a full audit of USDT reserves, aiming to address long‑running questions about backing and disclosure. The move is intended to boost transparency and confidence in the largest stablecoin.
USDC’s circulating supply reached a record $81.1 billion on March 13, 2026, closing in on Tether’s roughly $96 billion Ethereum supply. The milestone highlights rising stablecoin adoption and growing dollar liquidity on-chain.
Tether has joined a $5.2 million funding round for Ark Labs to accelerate programmable stablecoin technology on the Bitcoin network, boosting the startup’s development resources. The move signals growing interest in bringing USDT-style utility and programmability to Bitcoin.
Federal prosecutors in Boston asked a court to permanently confiscate $3.4 million in USDT tied to a sophisticated online investment scam, according to U.S. Attorney Leah B. The motion seeks forfeiture of funds allegedly stolen from victims.
Tether has invested in fintech Axiym to embed USDT into regulated treasury and settlement infrastructures, announced March 5, 2026. The partnership aims to expand access to digital dollars and streamline institutional payments and settlements.
Tether and Lugano launched Plan ₿ Phase II with a CHF 5 million pledge to expand the city's Bitcoin hub and integrate AI-driven digital infrastructure through 2030.