Tether describes itself as a technology company and issues USDT, which it calls the world’s largest stablecoin.
Type
Stablecoin issuer
Coverage
1 news · 2 dives
What it does
Tether issues USDT and can freeze USDT held in specific wallets, as it did in the October 2026 Ledger-reseller thefts. Tether entities have also been the subject of a 2021 CFTC order over reserve statements, covered in the linked research. The exact legal entity that issues or freezes USDT was not separately verified for this profile.
Latest news
Published Oct 12, 2026Source / event date: October 9–12, 2026; Ledger statements as reported by CoinDesk, with Bitquery and YFarmX analyses
Ledger says a victim’s hardware wallet held an unauthorized implant and that all confirmed cases involve devices sold by reseller CryptoBilis. Analysts estimate $93 million to $103 million was taken; Ledger has not confirmed a total, and Tether froze about $10 million.
Credit & fraud · Company statements and analyst estimates
Deep dives
Markets & business modelsResearch updated Oct 11, 2026
Celsius stopped withdrawals in June 2022. Customers then faced a bankruptcy fight over ownership, a founder’s fraud conviction and a recovery process involving cryptocurrency, litigation proceeds and shares in a separate mining successor.
The 2021 CFTC settlement concerned what Tether told users about USDT’s backing. Banking difficulties, affiliate transfers and narrowly timed reserve checks explain how that promise diverged from the historical record.
Coverage Tags (2)
These tags reflect the subjects covered in this organization’s linked news and research. The number above is its total number of coverage tags.
A separate last-checked date for this profile has not been recorded. Relationship evidence and Utah banking records show their own source-check dates where available; news and research dates refer to those articles.