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Crypto

U.S. Senate report says 84 percent of Iran-linked sanctioned wallets mainly used Tether\'s USDT

Democrats on a U.S. Senate investigations subcommittee said many crypto wallets designated for sanctions or seizure tied to Iran and affiliated forces used Tether’s stablecoin USDT. The panel analysed 846 wallets and found 84 percent used USDT exclusively or mainly. The report also cited large transaction volumes and alleged links to groups and networks. Tether said it works with U.S. authorities and has frozen assets tied to Iran-linked wallets.

Crypto

Strike founder Jack Mallers steps down as Twenty One CEO, merger plan halted

Jack Mallers (잭 말러스) has stepped down as chief executive of Twenty One Capital to focus on bitcoin payments firm Strike, which he founded and runs. His departure also halted a merger plan being reviewed by Twenty One and Strike, CryptoSlate reported. Board member Rafael Zagury will succeed him, and Tether said the handover is being carried out in an orderly way. Twenty One held 43,514 bitcoin valued at about $2.95 billion as of March 31.

Crypto

Tether\'s gold token XAUT approved in Abu Dhabi, expands regulatory coverage after USDT

Tether Gold (XAUT) has been approved as a spot commodity in Abu Dhabi Global Market (ADGM), enabling regulated firms in the financial centre to provide services tied to the tokenised gold asset. The move follows ADGM’s acceptance of Tether’s dollar-pegged stablecoin USDt (USDT) as a fiat-referenced token. Data cited show XAUT’s total value locked rising more than threefold over a year, while firms plan additional uses such as loan collateral.