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Tether is sued over allegations it froze $42.4 million in USDT before authorities obtained a warrant, spot XRP ETFs extend their inflow streak, and the SEC explores round-the-clock trading for Wall Street. @jennsanasie has what you need to know. Thank you to @Grayscale for being a sponsor of the CoinDesk Media Network.
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Tether has been sued over a $42 million token freeze. Catch The Daily Wolf with @scottmelker weekdays at 12 PM EST for the latest in crypto:
Tether’s USDT market cap on Tron increased by $1.1B over the past 30 days That is more than eight times the $130.3M added on Aptos, the second-fastest-growing chain Recent growth continues to reinforce Tron’s position as the largest distribution network for USDT
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Tether's CEO shrugged off critics after the KPMG audit Paolo Ardoino told @TheBlockCo he does not care about the reaction, days after KPMG US signed off on @Tether's first full financial statement audit and counted its gold bars.
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Tether Claims 'Largest Inaugural Financial Audit' as KPMG Signs Off on 2025 Statements
TETHER COMPLETES FIRST FULL FINANCIAL AUDIT Tether says KPMG U.S. has completed a full independent audit of its 2025 financial statements, issuing an unqualified, or “clean,” audit opinion. The audit went far beyond Tether’s previous quarterly reserve attestations, examining its full balance sheet, transactions, systems, counterparties, valuations, cash flows and underlying documentation. KPMG also physically counted and inspected every individual gold bar held by Tether. The audited statements show Tether’s reserves exceeded its liabilities by $6.814 billion at the end of 2025. Tether calls it the largest inaugural financial audit ever conducted and the fulfillment of one of the company’s longest-standing commitments.
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Tether Completes the Largest Inaugural Financial Audit in History Read more:
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Tether Gold Investor Holdings Rise 9.5% in Q2 as Demand for Tokenized Gold Remains Strong Through Market Volatility Learn more:
Tether Posts Strong Q2 Performance, Generates $1.5B Net Operating Profit, Maintains $4.11B Reserve Buffer, and Expands Gold Holdings to More Than 146 Tons Read more:
Tether Data Open-Sources VisionPsy-Nano: Best-in-Class ~460M On-Device Vision-Language Model Leading Industry Benchmarks Learn more: