Tether (USDT) News Today

Drift Protocol announced a recovery plan backed by $150 million after a $280 million exploit, transitioning from USDC to USDT, impacting 128,000 users. The plan links user balance restoration to ongoing trading, following criticism of Circle's response to the hack.

Gate News message. According to a blog report, Drift Protocol has received up to $127.5 million from Tether for user recovery.

Gate News message, Tether purchased 951.35 BTC valued at $70.47 million from a centralized exchange. Following this transaction, Tether's total Bitcoin holdings have reached 97,204 BTC, valued at approximately $7.28 billion.

Tether invested $134 million in Stablecoin Development Corporation (SDEV), acquiring influence in Sky Protocol governance. The funds aim to enhance stablecoin infrastructure, signaling Tether's broader investment strategy beyond USDT.

Fellowship PAC recently revealed in accordance with FEC filing documents that it has raised $11 million, including $10 million from Cantor Fitzgerald and $1 million from Anchorage Digital. The PAC focuses on supporting Republican candidates and has spent $3 million on advertising for Nxum Group. When the organization was established, it claimed to have $100 million in funding commitments, but its actual amount raised is currently only $11 million.

Bitcoin continues to rise, reaching $74,630. Tether uses its profits to buy 951 bitcoins. Virginia passes an unclaimed property law, requiring idle cryptocurrency to be transferred to the state government. U.S. stocks are driven by tech stocks, and the S&P 500 index hits a new high. Crypto market dynamics show that investors are paying attention to geopolitical conditions and U.S. monetary policy.

Tether has transferred 951 BTC valued at approximately $70 million to its Bitcoin reserve, increasing its total holdings to 97,141 BTC worth about $7.16 billion. This move aligns with Tether's strategy of investing 15% of operating profits into Bitcoin.

Cantor Fitzgerald donated $10 million to Fellowship PAC in January to support pro-cryptocurrency candidates, as revealed in recent Federal Election Commission filings. Jesse Spiro, from Tether, chairs the committee.

Tether confirmed its participation in a $134 million funding round for Stablecoin Development Corporation, aiming to provide investors exposure to the stablecoin market through key holdings in SKY and USDS. SDEV now holds around 2.15 billion SKY tokens.

Tether's BTC reserve address withdrew 951 BTC valued at $70.47 million, part of Q1 2026 purchases. It now holds 97,141 BTC worth around $7.2 billion, making it the fifth-largest BTC wallet with unrealized gains of $2.175 billion.

Tether Investments participated in a $134 million funding round for Stablecoin Development Corporation, aimed at enhancing stablecoin infrastructure. Global stablecoin circulation has surpassed $300 billion, with Tether's USDT user base reaching 570 million.

Tether launched Tether Wallet, a non-custodial wallet for digital assets, on April 14. It allows users to transfer assets across blockchains without separate gas tokens and supports user-friendly addresses. Tether Wallet emphasizes user control over private keys and aims to enhance digital transactions for billions.

Tether has launched tether.wallet, a user-friendly self-custodial digital wallet that simplifies transactions with readable identifiers and eliminates the need for separate network tokens for gas fees. Initially supporting USDT, XAU₮, and Bitcoin, the wallet aims to enhance accessibility for users.

Tether launched a self-custodial wallet called the "People's Wallet," focusing on financial inclusion and ease of use. It supports cryptocurrencies like USDT, Bitcoin, and XAUT, aiming to simplify transactions and remove intermediaries.

Tether has launched its self-custody digital wallet, “tether.wallet,” marking a major expansion to end users. The wallet streamlines the transfer process, allowing users to pay transaction fees directly with their assets, and emphasizes users’ complete control over their private keys. The product is designed to promote financial inclusion, especially for people who are not served by traditional financial systems.

A super political action committee affiliated with Tether filed paperwork with the U.S. Federal Election Commission showing that its first $300k expenditure went to Nxum Group, founded by Tether U.S. CEO Bo Hines, to buy campaign ads for Georgia Republican candidate Clay Fuller, raising questions about pay-to-play.

Paolo Ardoino, CEO of Tether, criticizes centralized AI and champions decentralization through the QVAC SDK, allowing local AI model deployment. This shift enhances data privacy and user control, positioning Tether at the convergence of blockchain and AI, challenging dominant tech firms.

Gate News message, on April 10, Tether CEO Paolo Ardoino posted that USDT’s adoption on Hyperliquid is rapidly increasing. Data shows that in less than three months, USDT has grown from having almost no share on Hyperliquid to accounting for the rest.