The EU's securities watchdog asked Brussels to close a MiCA loophole: exchanges could soon be barred not just from selling stablecoins like USDT, but from holding or transferring them for EU clients.
A Senate Democratic report says 84% of 846 sanctioned Iran-linked crypto wallets moved funds mainly through USDT. Tether pushes back, citing $550 million frozen and cooperation with investigators.
The US DOJ wants to keep $84.2 million seized from Capstone and EQIBank, accused of an unlicensed money-transfer scheme that also processed Tether's payments. Tether denies any knowledge.
The Bank for International Settlements studied over 130 economies and found dollar-backed stablecoins barely respond to capital controls, unlike traditional foreign-currency bank deposits.
The US Treasury froze four Tron wallets holding $131 million in USDT tied to Iran's central bank, part of the ongoing Operation Economic Fury as Middle East tensions escalate.
Stablecoin market cap has fallen nearly $10 billion since May, with June the worst month since Terra-Luna's 2022 collapse. USDT and USDC took the biggest hits, but analysts say this is no reason to panic.
US Treasury sanctioned 134 crypto addresses tied to ISIS-K on July 1. Tether instantly froze 131 USDT wallets on TRON. Three Monero addresses were listed but technically can't be touched.
Ukraine placed $8.3 million in seized USDT under state management through its ARMA agency — a legal first that changes how the country handles crypto seized from cybercriminals.
The Bank for International Settlements just labeled stablecoins a failed monetary experiment in its 2026 Annual Report—calling them ETF-like instruments that cannot function as real money at scale.
Tether USDT briefly overtook Ethereum in market cap for the first time in seven years. ETH fell to $1,540 as traders fled risk assets and parked capital in dollar stablecoins.
