tether

Tether announced that KPMG U.S. has completed an independent audit of the financial statements of TG Commodities, the issuer of Tether Gold (XAU₮), as of December 31, 2025, and issued an unqualified opinion. The audit shows that XAU₮ is fully backed by physical gold. This is the second stablecoin under Tether to complete an audit by one of the Big Four accounting firms, following Tether International, the issuer of USDT, in August of this year.During the audit, KPMG conducted a physical count and verification of each gold bar backing XAU₮, rather than relying solely on confirmations from custodians. As of December 31, 2025, TG Commodities holds 520,089.350 ounces of pure gold, valued at $2.246 billion, corresponding to the issued 520,089.300 XAU₮.The gold is stored in Swiss vaults and meets the London Good Delivery standards, with ownership belonging to the token holders, where each token corresponds to an indivisible ownership of specific gold bars. The company also hires an independent third party to conduct quarterly sampling tests of the gold bars.CEO Paolo Ardoino stated that XAU₮ is expected to become the first true competitor in the gold ETF market, as gold can be settled instantly, with lower custody costs and higher transparency. CFO Simon McWilliams mentioned that auditing the largest and most complex USDT and XAU₮ is paving the way for a comprehensive audit of the entire company.

Tron, Tether, and Chainalysis announced the establishment of a joint initiative called the "Digital Crime Task Force," aimed at identifying and combating illegal activities utilizing USDT on the Tron blockchain. The three parties stated that the task force will collaborate with law enforcement agencies through intelligence gathering to shorten the interval from threat identification to enforcement action, accelerating the asset freezing process before criminals can transfer funds. Tron founder Justin Sun stated that millions rely on USDT on Tron to sustain their livelihoods and businesses, and as digital finance reaches more people, the ability to protect must also be enhanced accordingly.The establishment of the task force comes against the backdrop of rising threats from AI-driven scams and cyberattacks in the cryptocurrency industry. Chainalysis pointed out that by 2025, the profit efficiency of AI-enabled scams will be 4.5 times that of traditional methods, with identity impersonation scams increasing by over 1400% year-on-year. Tether CEO Paolo Ardoino stated that criminals are using AI to accelerate their actions, and waiting for victims to report is no longer sufficient; Tether has collaborated with over 360 law enforcement agencies in 73 countries to freeze over $7 billion related to illegal activities.The task force plans to cover threat types including investment and romance scams, hacking attacks, terrorist financing, and North Korea-related cyberattacks. This formation follows the dissolution of a previous alliance: in 2024, Tron, Tether, and TRM Labs established the "T3 Financial Crime Group," which, according to Bloomberg earlier this month, was disbanded due to slow response and lack of coordination among members. Earlier this week, the cross-chain interoperability protocol Across resumed operations after experiencing a domain hijacking, and blockchain infrastructure provider Chainstack also disclosed that it faced an AI-driven security breach last month, leaking customer names, emails, and password hashes.

According to Protos, the world's largest stablecoin issuer Tether has an exposure of approximately $4.804 billion to the U.S. stock market through 13 publicly listed companies in the United States. The holdings are highly concentrated in three major companies: Bitcoin treasury company Twenty One Capital (approximately $1.367 billion), video platform Rumble (approximately $1.328 billion), and agricultural conglomerate Adecoagro (approximately $966 million).The remaining holdings include: Elemental Royalty (approximately $342 million), Bitdeer (approximately $249 million), Gold.com (approximately $148 million), Versamet Royalties (approximately $128 million), Metalla Royalty (approximately $115 million), Gold Royalty (approximately $106 million), Satellogic (approximately $39.65 million), Stablecoin Development Corp (approximately $4.9 million), Aurelion (approximately $4.4 million), and Antalpha Platform (approximately $3.1 million). Protos points out that Tether is leveraging its funds to make extensive investments across multiple industries and has dispatched its executives to relevant companies to hold positions.

According to Tether's official announcement, Tether AI Research has released the open-weight model QVAC BotPsy, which has 800 million parameters and is based on the Alibaba Qwen3.5 architecture, aimed at tool invocation and agent tasks on personal devices.Tether stated that in four evaluations: BFCL v4, ACEBench, τ-bench, and ToolSandbox, BotPsy's scores are approximately twice that of its base model and surpass the 2 billion parameter Qwen3.5-2B-Think. The model can convert user requests into local tool calls, and developers can adapt and deploy its weights within their own systems.

Slow Mist stated that approximately 8 hours ago, Tether froze 5 Ethereum addresses that were active in 2021 and 2023, with the related addresses holding a total of about 24.35 million USDT.According to Slow Mist's tracking, one of the frozen addresses had interacted with wallet addresses marked as "phishing" and "pig butchering" scams.

According to Whale Alert monitoring, 199,999,900 USDT (approximately 199.8 million USD) was transferred from an unknown wallet to Tether Treasury.

Senator Blumenthal sent letters to Binance, Tether, and Trump-associated cryptocurrency companies, requesting cooperation with ongoing investigations and the submission of documents.

According to La Gazzetta dello Sport, Tether, which holds approximately 11.5% of Juventus shares, will participate in the €250 million capital increase plan proposed by major shareholder Exor, contributing €28.8 million (approximately $32.16 million) in accordance with its shareholding ratio.At the shareholders' meeting, Tether abstained from voting on other ordinary resolutions, including the approval of the financial report showing a loss of €66 million, the appointment of directors, and the executive incentive plan. In December 2025, Tether had proposed to acquire all shares of Juventus from the Agnelli family's holding company but was rejected.

According to Tether CEO Paolo Ardoino, Tether's tech stack will support Bluetooth.He also released a demonstration video showing a model car being controlled through a mobile interface.

Paraguayan President Santiago Peña announced his resignation on Thursday due to a political crisis triggered by the collapse of digital bank Ueno Bank. In a video posted on the X platform, Peña stated that his resignation was to maintain national stability, social peace, and democratic institutions, with his primary task being to protect the Paraguayan people who entrusted their savings to the financial system.The Central Bank of Paraguay announced on Tuesday the initiation of liquidation procedures for Ueno Bank after discovering that its solvency ratio had fallen below half of the regulatory minimum requirement. Peña is facing political scrutiny due to his previous business ties with Grupo Vázquez, the holding company of Ueno Bank; according to the Associated Press, he remained a business partner of the group until March 2025. Peña denied any wrongdoing, stating that the controversy initially was merely a regulatory issue that escalated into a political dispute.This banking crisis is also accompanied by rising quotes for Tether's USDt in the peer-to-peer market targeting Paraguay, with a bid on Thursday morning quoted at 1 USD to 6942 Paraguayan Guarani, approximately 13% higher than the Central Bank's reference rate of 6144.02 on November 4. According to Reuters, lawmakers are debating impeachment proceedings over allegations of conflicts of interest, pension abuse, and institutional cover-ups. Peña was elected in April 2023 and took office in August of the same year, with a five-year term originally set to end in 2028; if Congress accepts his resignation, Vice President Pedro Alliana will assume the remaining term.

According to Bloomberg, the T3 Financial Crime Unit, initiated by several leading companies in the cryptocurrency industry, has quietly disbanded, with no specific reasons disclosed at this time.The alliance was jointly established in September 2024 by the organization behind the Tron blockchain, stablecoin issuer Tether, and blockchain analytics company TRM Labs, aiming to create a "safer and more reliable" cryptocurrency industry. Binance joined in September 2025, and at that time, the alliance stated that it had collaborated with law enforcement agencies to freeze a total of $250 million in illegal assets globally.

Tether released the Tether Gold (XAUT) third-quarter reserve report. As of September 30, the physical gold reserves backing XAUT reached 827,418 troy ounces (approximately 25.7 tons), an increase of 59% from 520,089 troy ounces (approximately 16.2 tons) at the end of 2025. Based on a price of $4,157.41 per ounce, the market value is approximately $3.44 billion. The circulation of XAUT is 827,418 tokens, with each token corresponding to 1 troy ounce of physical gold, of which approximately 709,000 have been sold, and about 118,000 are available for sale.The aforementioned gold is stored in Switzerland and meets the London Bullion Market Association (LBMA) good delivery standards, consisting of a total of 2,057 gold bars weighing 12.5 kilograms each, with 766 bars added this year.

According to BBX data, yesterday global leading crypto entities and institutions disclosed the latest developments in their digital asset treasury allocations, with the core information as follows:Tether's Bitcoin holdings increased to approximately 150,000 coins, with a market value of up to 11.5 billion dollars: Tether's CEO Paolo Ardoino disclosed for the first time during a speech at the Plan ₿ forum in Lugano, Switzerland, that the company's current Bitcoin reserves have reached approximately 150,000 BTC, with a market value of about 11.5 billion dollars at current market prices. This figure represents a significant leap from the 96,000 to 100,000 coins disclosed between early and mid-2026. Since May 2023, Tether has implemented a treasury policy to use up to about 15% of its quarterly net profit to purchase Bitcoin. According to previously published third-quarter reserve proofs, as of September 30, its Bitcoin reserve valuation was approximately 8.37 billion dollars, indicating that it likely made intensive purchases during October.BitMNR spent 11.22 million dollars to increase its holdings by 5,000 ETH, with total holdings surpassing 6.06 million: BitMNR, a publicly listed mining company under Tom Lee, made another major purchase of 5,000 Ethereum (ETH) through the Kraken exchange yesterday, with an estimated value of about 11.22 million dollars at the time of the transaction. Over the past year and a half of high-frequency accumulation, BitMNR has accumulated a total of 6.06 million ETH, with a total holding value soaring to approximately 20.18 billion dollars, and its overall average holding cost precisely controlled at 3,329 dollars per coin.

On October 30, the French cryptocurrency market intelligence agency OAK Research released a report titled "Stablecoins Generate Huge Revenue but Do Not Flow to Public Chains," authored by Lilian Aliaga. The report states that the market capitalization of stablecoins has increased from $4 billion in January 2020 to approximately $298 billion currently, having reached $310 billion at the end of April this year, which is more than three times the total locked value of all DeFi. In the third quarter of 2026, Tether and Circle's combined revenue is approximately $2.1 billion, while the fees from the 13 public chains tracked by the agency totaled $285 million during the same period.The report separately compares the sources of revenue on both sides. Issuers primarily earn interest on reserve assets: of Circle's total revenue of $701.3 million in the second quarter of 2026, reserve income accounted for 95%, or $667.7 million, which is only a 5% year-on-year increase; during the same period, the on-chain transaction volume of USDC increased by 151% to $14.8 trillion, the average supply increased by 25%, while the reserve yield decreased by 66 basis points to 3.49%. Tether's average supply increased by 10.6% year-on-year, and DefiLlama estimates its quarterly revenue to still be around $1.5 billion. Public chains only charge fees based on transactions, and the custody scale itself does not generate revenue.In terms of specific data, in the third quarter of 2026, Ethereum's average custody of stablecoins was $146 billion, with fees of only $34.6 million; Solana's custody was less than $16 billion, with fees of $62.9 million, of which only $6.7 million remained on the protocol side. In the first quarter of 2024, Ethereum's fees were $1.17 billion, higher than the issuer revenue corresponding to its custody of stablecoins, which was about $730 million; by the third quarter of 2026, issuer revenue was approximately $986 million, while Ethereum's fees were $34.6 million. The report also states that stablecoins currently account for about 28% of Aave deposits, 37% of Morpho, and 84% of Hyperliquid.

According to Bitcoin.com News, Brazilian cryptocurrency exchange Mercado Bitcoin disclosed on November 2 that it experienced a security incident, with approximately 38 million dollars in digital assets stolen. Additionally, Arkham Intelligence analyst Emmett Gallic estimated that the suspicious transfer amount exceeded 46 million dollars, and these two figures have yet to be verified.The exchange stated that users would not suffer asset losses due to this incident. The platform has suspended deposits, withdrawals, and platform services, and has notified the relevant authorities. Preliminary analysis indicates that the attackers may have controlled the transaction authorization signature credentials. According to Bitquery analysis, the suspicious transfers involved multiple chains including Ethereum, Bitcoin, Solana, Stellar, Arbitrum, Tron, and Polygon, with the specific method of intrusion yet to be determined.Mercado Bitcoin stated that it has collaborated with Tether, Circle, Paxos, BRL1, and Chainalysis to freeze 11 million dollars in assets and has identified other funds that can be frozen. The platform has not yet announced a specific time for restoring services.

VanEck's Head of Digital Asset Research, Matthew Sigel, stated that the total supply of stablecoins decreased by $11.5 billion to $291.2 billion within 30 days, with Tether and Circle accounting for about three-quarters of the decline.

According to a report by ZeroHedge, Tether CEO Paolo Ardoino revealed during a speech at the Lugano Plan ₿ Forum that Tether owns approximately 150,000 Bitcoins, has over 730 million global users, and adds about 30 million new wallets each quarter.According to Tether's third-quarter reserve attestation report, it directly holds approximately $122.8 billion in U.S. Treasury bonds, which amounts to about $132.4 billion when including repurchase agreements, with excess reserves reaching $7.95 billion. Ardoino also introduced Tether's Independence Stack strategy, which aims to build an infrastructure system covering energy, Bitcoin mining, peer-to-peer communication, self-custody wallets, and local AI through open-source technology, stating that even if Tether no longer exists in the future, its open-source technology should still be able to continue operating.

On November 2, stablecoin issuer Tether announced that it froze over 1.5 billion USDT within 30 minutes after Binance was attacked on October 29, preventing the related funds from being transferred, exchanged, or laundered. Tether stated that the FBI has identified North Korea as responsible for this attack. The FBI reported on October 31 that North Korea stole over 6 billion dollars in virtual assets from Binance around October 29, referring to the activity as TraderTraitor.Tether CEO Paolo Ardoino stated that the team froze over 1.5 billion dollars within minutes of the attack and claimed that USDT is not suitable for hiding stolen funds. Tether USA₮ CEO Bo Hines stated that the company acted immediately to prevent over 1.5 billion dollars from flowing to the attackers and said that this move contributes to safety in the U.S. and globally. Tether claimed that it collaborates with U.S. and international law enforcement agencies and industry partners to track illegal funds and assist in accountability.Tether also disclosed that as of October 31, it has assisted the U.S. Department of Justice, Secret Service, and FBI in freezing over 3,590 wallets, approximately 1.6 billion dollars in USDT, and has collaborated with over 360 law enforcement agencies in 73 countries. Including the freezes related to this Binance incident, Tether has cumulatively frozen over 7 billion dollars in USDT across secondary market addresses, of which approximately 1.2 billion dollars has been returned to rightful owners or law enforcement agencies through reissuance.

According to Whale Alert monitoring, at 22:57, Tether Treasury burned 2 billion USDT on the Ethereum chain.