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"Tether has entered the war against the Russian crypto market and blocked our wallets worth over 2.5 billion rubles," Garantex said.

Tether has frozen $27 million worth of USDT USDT linked to the Russian crypto exchange Garantex, which is under international sanctions.

Tether has recently made a significant decision that has shaken the cryptocurrency market in Russia.

Sanctioned crypto exchange Garantex has shut down its services shortly after Tether froze nearly 2.5 billion in worth of USDT in Russian rubles.

Crypto exchange Garantex has halted all trading and withdrawals after Tether froze almost $28 million of its stablecoin USDT tied to the platform.

Crypto exchange Garantex halted trading and withdrawals after Tether froze about $27 million of its stablecoin USDT tied to the platform.

Tethers longtime CFO, Giancarlo Devasini, has stepped down and now serves as chairman, maintaining a low profile in Lugano, Switzerland. In contrast, Circle founder Jeremy Allaire actively engages with politicians and Wall Street executives, highlighting the ideological and business rivalry between the two stablecoin giants.

A WSJ article delved into the contrasting styles between Tether's Giancarlo Devasini and Circle's Jeremey Allaire.

The stablecoin issuer Tether has hired a new chief financial officer (CFO) and committed to completing a full audit. The veteran finance executive Simon McWilliams will now serve as CFO for Tether, which issues the dollar-pegged USDT, the top stablecoin by market cap.

The European Securities and Markets Authority (ESMA) confirms custody and transfers of stablecoins are not restricted under MiCA. Crypto asset service providers of Europe must restrict offering stablecoin acquisition services.

Despite delistings, ESMA clarifies that custody and transfers of non-MiCA compliant stablecoins are not explicitly prohibited.

As Europe prepares for a heavy enforcement of the Markets in Crypto Assets (MiCA) law, crypto exchanges are moving to ensure compliance. Binance, the biggest crypto exchange by market cap, has announced plans to delist stablecoins for European users.

The ESMA has clarified that the custody and transfers of stablecoins, such as USDT (Tether), are not restricted by the MiCA regulation.

Tether has appointed Simon McWilliams as its new Chief Financial Officer (CFO) to lead its efforts toward a full financial audit, reinforcing its commitment to transparency. The move comes as Tether expands its institutional reach.

The European Securities and Markets Authority confirmed that MiCA rules do not explicitly ban non-compliant stablecoin custody and transfers.

In two X posts published on March 2 and March 3, respectively, Tether CEO Paolo Ardonio shared his plan for solving the electricity hunger in Africa.

Ethena Labs' USDe continues to make moves to position itself as a logical alternative to USDC and USDT as the stablecoin competition heats up. The latest in a series of progressive moves Ethena Labs has made regarding USDe involves Bybit, one of the largest exchanges in the industry right now.

TRON (TRX) has emerged as a dominant force in the world of stablecoin transfers, processing a staggering $11.4 billion in USDT (Tether) transactions. Recent data from CryptoQuant reveals that the blockchain has processed 1.89 million transactions, accounting for a significant portion of stablecoin activity in the market.

The new service is expected to rollout in June.

Top global crypto exchange Binance is delisting Tether's USDT and other stablecoins for European customers because the digital assets are not compliant with new regulations in those countries.

TRON dominates USDT transfers with $11.4B in inflows—will this trigger the next big market move?

TRON-based USDT increased its activity, and still expecting the launch of the no-fee feature. The token turned Binance into one of its biggest holders.

Binance is delisting several stablecoins, including USDT, for European Economic Area (EEA) residents due to non-compliance with MiCA regulations. USDT Woes Continue Top crypto exchange Binance announced on March 3 that it would delist several stablecoins not compliant with MiCA on its platforms used by residents in the European Economic Area (EEA).

Tether, the stablecoin giant, has announced the appointment of Simon McWilliams as its new Chief Financial Officer (CFO).