tether

According to CoinDesk, documents submitted to the Federal Election Commission (FEC) by the Super Political Action Committee (Super PAC) Fellowship, which is associated with Tether, show that its first expenditure of $300,000 went to Nxum Group, a company co-founded by Tether's U.S. CEO, former Trump administration crypto advisor Bo Hines, along with his father Todd Hines and third-party partners.This expenditure was used to purchase campaign advertisements for Georgia Republican House candidate Clay Fuller, coinciding with Fuller winning a special election to replace Marjorie Taylor Greene as a congressman. Notably, Fellowship did not publicly announce this expenditure nor include Fuller in its public endorsement list.On April 1 of this year, Fellowship appointed Jesse Spiro, Tether's U.S. Vice President of Regulatory Affairs, as the committee chair, officially reactivating its presence in the political arena. When the committee was announced last year, it had received a total funding commitment of $100 million, but its FEC disclosure documents currently show a zero account balance, and related donations have not been made public. Tether International responded that there is no association or regulatory relationship with Fellowship PAC, while Tether U.S. declined to comment.In terms of conflicts of interest, Michael Beckel from the political reform organization Issue One stated that it is not illegal for Super PACs to pay founder-associated companies under U.S. campaign finance rules, provided that services are genuinely rendered and rates are in line with market prices. Fellowship's CFO Mitchell Nobel currently works at Cantor Fitzgerald, which manages Tether's global business assets, and its former chairman is current Commerce Secretary Howard Lutnick.Currently, Fellowship's expenditure scale is still vastly different from that of the leading crypto industry Super PAC Fairshake. Fairshake has invested millions in several primary elections, while the candidates currently supported by Fellowship are almost all deep-red state Republicans.

Tether CEO Paolo Ardoino stated: "The adoption of USDT on Hyperliquid is growing rapidly."Data shows that USDT has increased from almost no share on Hyperliquid to accounting for 7.8% of the total trading volume of HIP-3 in less than three months.

According to Decrypt, stablecoin issuer Tether has announced the launch of the open-source software development kit QVAC SDK, which supports running AI applications directly on devices without relying on cloud servers.The toolkit is compatible with iOS, Android, Windows, macOS, and Linux platforms, built on the llama.cpp branch QVAC Fabric, and supports functions such as text generation, speech processing, visual recognition, and translation. It achieves peer-to-peer model distribution and delegated inference through the Holepunch protocol stack. Tether plans to subsequently add decentralized training and fine-tuning capabilities and launch specialized toolkits for robotics and brain-computer interfaces.

According to ZachXBT, an anonymous source shared data stolen from North Korea's internal payment servers, covering 390 accounts, chat records, and cryptocurrency transaction information.The related payment wallet addresses have received over $3.5 million from the end of November 2025 to the present, with funds transferred out through exchanges or converted into fiat currency via platforms like Payoneer and deposited into Chinese bank accounts.On-chain tracking shows that the internal payment addresses are associated with known North Korean IT worker clusters, one of which had a Tron payment address frozen by Tether in December 2025. Three affiliated companies on the user list have been sanctioned by OFAC, including Sobaeksu. ZachXBT has compiled a complete organizational chart, with data covering from December 2025 to February 2026.

Tether CEO Paolo Ardoino stated that the team is developing a decentralized search engine called hypersearch, which is based on a distributed hash table (DHT) architecture.

Tether is pushing investors to participate in a new round of financing at an estimated valuation of about $500 billion. If market demand does not meet expectations, the fundraising process may be delayed.Reports indicate that the company has been exploring financing plans since last year, but some investors are cautious about the valuation. If this valuation is achieved, Tether's size will surpass most U.S. banks, second only to JPMorgan Chase. Previously, the company discussed raising about $15 billion to $20 billion through private placements, but the related plans still carry uncertainty.

According to Jinshi News, Tether is launching a final sprint for financing with a valuation of $500 billion, urging investors to commit to an agreement in the next two weeks.

The crypto super political action committee Fellowship PAC announced the appointment of Jesse Spiro, Tether's U.S. executive, as chairman to lead political actions supporting pro-crypto candidates.This appointment comes at a time when the advancement of the Digital Asset Market CLARITY Act in the Senate is stalled. The current point of contention is whether to allow platforms to provide yields or incentives for stablecoin holdings, which has become a key obstacle to reaching consensus on the bill. Recently, some crypto companies, including Coinbase, have expressed reservations about the latest version of the bill, while stablecoin issuer Circle is also facing market pressure due to policy uncertainty. Analysts point out that as the midterm elections approach, the crypto industry is ramping up political lobbying efforts in an attempt to secure a more favorable policy environment regarding regulation.

Tether's tokenized gold product Tether Gold (XAUt) officially launched on BNB Chain on March 26, bringing physical gold assets directly into the on-chain ecosystem. Each XAUt token corresponds to one troy ounce of physical gold, backed 1:1 by London Good Delivery gold bars stored in Swiss vaults, with total reserves of approximately 1,800 bars, over 22,100 kilograms, and publicly available proof of reserves.The significance of this launch lies in the fact that users can gain direct exposure to physical gold in the BNB Chain ecosystem without going through the custody, storage, premiums, and cumbersome settlement processes required for traditional gold investments. It seamlessly integrates with trading, DeFi, and other on-chain activities without the need to transfer funds off-chain. For developers, XAUt provides an asset with lower correlation to the crypto market, helping to build a more balanced product design. Additionally, Tether achieves liquidity interoperability for XAUt across more than 12 blockchains through the USDt0 cross-chain network, further enhancing issuance, transfer, and settlement efficiency.Tether CEO Paolo Ardoino stated that this move aims to integrate gold into the modern digital financial system, granting it the ability for instant settlement and global circulation.This integration further solidifies BNB Chain's leading advantage in the real-world asset (RWA) sector. Currently, the asset scale of BNB Chain RWA distributed assets is approximately $3.2 billion, making it the second-largest RWA public chain globally, with over 41,000 holders and a net inflow of about $845 million in the past 30 days. These figures reflect real usage—assets are being held, traded, and deeply integrated throughout the ecosystem, rather than being idle after issuance.The addition of XAUt marks a transition for RWA from "issuance equals storage" to a new phase of truly usable and composable on-chain assets.

According to market news, the stablecoin issuer USDT, Tether, has chosen KPMG as its auditing firm and has hired PwC to assist in improving its internal systems.This move is the clearest signal that Tether is moving towards a comprehensive financial statement audit, which will go beyond the monthly reserve attestations currently published by BDO Italia, conducting a thorough review of assets, liabilities, controls, and reporting processes. Previously, Tether announced that it had engaged one of the Big Four accounting firms to conduct an audit of its business, but did not disclose the specific firm at that time.

According to the official announcement, Binance will postpone the listing of Tether Gold (XAUt). The launch of Tether Gold (XAUt), originally scheduled for March 26, 2026, at 21:30 (UTC+8), will be postponed to March 26, 2026, at 22:00 (UTC+8).

Tether announced that its gold token Tether Gold (XAU₮) has launched on the BNB Chain, bringing this leading tokenized gold asset into a broader crypto ecosystem.XAU₮ corresponds to 1 ounce of physical gold (London Good Delivery standard), stored in Swiss vaults, and backed by a 1:1 reserve through independent audits. Data shows that gold prices are expected to rise by about 64% in 2025, marking the largest annual increase in 40 years, driving up market demand for safe-haven assets. During the same period, the market size of gold-backed stablecoins grew from about $1.3 billion to over $4 billion, with XAU₮ accounting for about 60% of the share.This deployment allows users to gain direct exposure to physical gold within the BNB Chain ecosystem without the need for traditional custody, premiums, and settlement processes. At the same time, Tether achieves liquidity interoperability for XAU₮ across more than 12 blockchains through the USDt0 cross-chain network, enhancing the efficiency of issuance, transfer, and settlement.Tether CEO Paolo Ardoino stated that this move aims to integrate gold assets into the modern digital financial system, enabling instant settlement and global circulation capabilities. The BNB Chain side noted that this integration will further strengthen its ecological layout in the realm of real-world assets (RWA).

Binance will launch Tether Gold (XAUT) on March 26, 2026, at 21:30. Binance Wealth Management will open XAUT principal-protected earning products for subscription, allowing users to purchase XAUT using credit cards, debit cards, Google Pay, or Apple Pay with one-click buy. The instant exchange trading platform will support XAUT exchanges, and VIP borrowing will introduce XAUT as a borrowable asset. Binance leverage will add new trading pairs related to XAUT and will launch XAUT 1-50x USDT perpetual contracts on the same day.

According to official news, Binance will launch spot trading for Tether Gold (XAUt) and add seed tags.

According to market news, a wallet address (0x6926408f55c4f322ebe1a3cc7e4fff380c5543df) under the Iranian cryptocurrency exchange Wallex (wallex.ir) has been simultaneously frozen by Circle and Tether.Several hours before the aforementioned address was frozen, Wallex began consolidating cryptocurrency assets scattered across multiple hot wallets on the Tron and Ethereum networks to the BNB Chain through several cross-chain bridges. Currently, approximately 2.49 million dollars in assets are stranded at the relevant address, remaining inactive.

According to Bloomberg, the stablecoin issuer Tether's plan to raise up to $20 billion has been paused, awaiting the results of its first comprehensive financial audit.Tether announced on March 24 that it has hired one of the Big Four accounting firms for the audit, stating that this will be the largest initial audit in the history of financial markets, but did not disclose the specific firm name or audit timeline.The fundraising was originally planned to be completed by the end of 2025, with a target valuation of $500 billion, but has been postponed multiple times. Despite the audit pause, some potential investors have still expressed willingness to support. Tether's Chief Financial Officer stated that the company has been operating according to the Big Four audit standards and the audit will be completed. The company is working with banks such as Cantor Fitzgerald, Morgan Stanley, and BTG Pactual to advance the fundraising.

According to Tether's official announcement, Tether has officially signed an agreement with one of the Big Four accounting firms to initiate its first complete independent financial statement audit in history. This audit is considered the largest initial audit in the history of financial markets, covering complex asset structures such as digital assets, traditional reserves, and tokenized liabilities. Currently, the market capitalization of USD₮ has exceeded 184 billion dollars, with over 550 million global users.Tether stated that this audit aims to go beyond the "Attestation" standard commonly adopted in the industry, moving towards a complete audit to demonstrate that USD₮ is fully backed, has sufficient liquidity, and that risk management meets international top-tier standards. Tether CEO Paolo Ardoino stated, "Trust is built on actions, not promises, and this audit represents the results of years of systematic strengthening efforts."