💰 Tether enters $3 trillion private credit market with $400M StableFund
Stablecoin giant Tether is expanding beyond crypto lending by launching StableFund in partnership with London-based Fasanara Capital. The venture starts with $400 million in anchor capital and aims to raise an additional $3 billion from institutional investors to provide loans in the private credit sector.
Fasanara will manage the portfolio while Tether acts as a co-sponsor and adviser, providing USDT-linked settlement and treasury infrastructure. The fund will target short-duration, asset-backed loans for small businesses and consumers across 60 countries, including trade receivables and supply-chain credit.
#Tether #USDT #PrivateCredit #Stablecoin
Stablecoin giant Tether is expanding beyond crypto lending by launching StableFund in partnership with London-based Fasanara Capital. The venture starts with $400 million in anchor capital and aims to raise an additional $3 billion from institutional investors to provide loans in the private credit sector.
Fasanara will manage the portfolio while Tether acts as a co-sponsor and adviser, providing USDT-linked settlement and treasury infrastructure. The fund will target short-duration, asset-backed loans for small businesses and consumers across 60 countries, including trade receivables and supply-chain credit.
#Tether #USDT #PrivateCredit #Stablecoin
🚨 US Treasury to Seize $1B in Crypto Linked to Iran
US Treasury Secretary Scott Bessent announced plans to seize approximately $1 billion in cryptocurrency this week. The move is part of an aggressive US strategy to economically isolate Iran and disrupt financial networks funding the regime amid ongoing military conflicts.
Speaking at the Newsmax NPolicy Summit, Bessent confirmed that authorities have identified the digital assets and are currently isolating them. He did not specify if the targets are specific exchanges or if stablecoin issuers are directly involved in this specific round of seizures.
This follows a pattern of increasing pressure from the Treasury Department and OFAC. In April, authorities seized $500 million in crypto, while Tether reported freezing $550 million worth of USDT throughout 2026 linked to Iran sanctions.
#CryptoNews #Iran #Regulation #USDT
US Treasury Secretary Scott Bessent announced plans to seize approximately $1 billion in cryptocurrency this week. The move is part of an aggressive US strategy to economically isolate Iran and disrupt financial networks funding the regime amid ongoing military conflicts.
Speaking at the Newsmax NPolicy Summit, Bessent confirmed that authorities have identified the digital assets and are currently isolating them. He did not specify if the targets are specific exchanges or if stablecoin issuers are directly involved in this specific round of seizures.
This follows a pattern of increasing pressure from the Treasury Department and OFAC. In April, authorities seized $500 million in crypto, while Tether reported freezing $550 million worth of USDT throughout 2026 linked to Iran sanctions.
#CryptoNews #Iran #Regulation #USDT
💰 Tether leads investment in Bolivian fintech Peso
Tether has led a pre-seed funding round for Peso, a Bolivian fintech integrating USDT into daily payments. The investment aims to expand stablecoin infrastructure across Bolivia, Brazil, Colombia, and Argentina.
Peso already allows customers to pay for Yango food delivery orders using USDT. The platform connects the stablecoin to local banking systems via QR payments, point-of-sale services, and ACH transfers.
This move follows Bolivia's shift toward digital assets amid a severe US dollar shortage and high inflation. The government is currently developing a regulatory framework to recognize USDT for payments, savings, and trade.
#Tether #USDT #Bolivia #Adoption
Tether has led a pre-seed funding round for Peso, a Bolivian fintech integrating USDT into daily payments. The investment aims to expand stablecoin infrastructure across Bolivia, Brazil, Colombia, and Argentina.
Peso already allows customers to pay for Yango food delivery orders using USDT. The platform connects the stablecoin to local banking systems via QR payments, point-of-sale services, and ACH transfers.
This move follows Bolivia's shift toward digital assets amid a severe US dollar shortage and high inflation. The government is currently developing a regulatory framework to recognize USDT for payments, savings, and trade.
#Tether #USDT #Bolivia #Adoption
🚨 US Senator Probes Tether Over $6 Million Payments to Former White House Adviser
Senator Richard Blumenthal has demanded records from Tether regarding over $6 million in payments made to Nxum, a consulting firm co-founded by Bo Hines. Hines served as a White House crypto adviser and helped draft the GENIUS Act, which regulates stablecoins, before becoming CEO of Tether’s US business.
The inquiry alleges that Tether paid Nxum $415,000 per month while Hines was still in government. The payments were reportedly routed through a marketing firm called Notorious before Tether contracted directly with Nxum once Hines left public service.
#Tether #USDT #Regulation #CryptoNews
Senator Richard Blumenthal has demanded records from Tether regarding over $6 million in payments made to Nxum, a consulting firm co-founded by Bo Hines. Hines served as a White House crypto adviser and helped draft the GENIUS Act, which regulates stablecoins, before becoming CEO of Tether’s US business.
The inquiry alleges that Tether paid Nxum $415,000 per month while Hines was still in government. The payments were reportedly routed through a marketing firm called Notorious before Tether contracted directly with Nxum once Hines left public service.
#Tether #USDT #Regulation #CryptoNews
🚨 DOJ Extradites Chinese National in $37M Crypto Laundering Case
Chinese national Zheng Zhao, 44, has been extradited from the Netherlands to the United States. He is accused of laundering $36.9 million stolen from 174 American victims through an international fraud network operating from scam centers in Cambodia.
Prosecutors allege the funds were moved from US bank accounts to Deltec Bank in the Bahamas. The money was then converted into Tether (USDT) via a shell company called Axis Digital Limited before being transferred to crypto wallets controlled by the criminal network.
Zhao appeared in a Los Angeles federal court on Oct 23 and faces up to 20 years in prison for conspiracy to commit money laundering. Eight other participants have already pleaded guilty in connection with the scheme, which used fake trading platforms to lure victims.
#CryptoCrime #Tether #USDT #DOJ
Chinese national Zheng Zhao, 44, has been extradited from the Netherlands to the United States. He is accused of laundering $36.9 million stolen from 174 American victims through an international fraud network operating from scam centers in Cambodia.
Prosecutors allege the funds were moved from US bank accounts to Deltec Bank in the Bahamas. The money was then converted into Tether (USDT) via a shell company called Axis Digital Limited before being transferred to crypto wallets controlled by the criminal network.
Zhao appeared in a Los Angeles federal court on Oct 23 and faces up to 20 years in prison for conspiracy to commit money laundering. Eight other participants have already pleaded guilty in connection with the scheme, which used fake trading platforms to lure victims.
#CryptoCrime #Tether #USDT #DOJ