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Payments from Tether to Nxum, a consultancy co-owned by former White House adviser Bo Hines, began while Hines was working on the GENIUS Act. He joined Tether weeks after the law passed.
Tether has frozen roughly 39.27 million USDT across ten Tron addresses linked to Xinbi Guarantee, a Telegram-based marketplace serving fraudsters across Southeast Asia despite bans and sanctions.
Two businessmen allege Tether blocked access to their stablecoins before federal authorities obtained a seizure warrant.
Two Thai businessmen are taking Tether to court, alleging the stablecoin issuer froze about $42.4 million in USDT in October 2025 without a court order, months before a formal seizure order followed.
A group of 21 international banks, including Goldman Sachs, UBS and Bank of America, is preparing a jointly issued dollar stablecoin, with a euro token to follow, targeting cross-border payments and digital asset settlement.
A 21-strong consortium of global banks, including three major European lenders, is preparing a dollar-pegged stablecoin for 2027, with plans to extend the project to the euro and other G7 currencies.