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Senate Report Names Names: USDT Emerges as Core Tool in Iran's Shadow Banking System
A new US Senate investigative report states that Tether and its stablecoin USDT have become central to the operation of "Iran's shadow banking system"—details are scarce, but the allegation is unambiguous.
Tether Teams Up with Fasanara on $400M Fund, Aims to Raise Cap to $3B
Stablecoin issuer Tether and fintech firm Fasanara have jointly launched a stablecoin-settled private credit fund, starting at $400 million, with plans to raise up to $3 billion from institutional investors, deployed through Fasanara's global fintech lending network.
Tether's $120M Uruguay Mining Farm Falls Through: No-Show at Contract Signing Was the Final Straw
According to Reuters, Tether's $120 million Bitcoin mining project in Uruguay ground to a halt after local utility UTE cut power when the company's representatives failed to show up for a contract signing.
After First-Ever KPMG Audit, Tether CEO's Only Response: "Honestly, I Don't Care"
Tether has completed its first KPMG audit, but when questioned by outsiders, the CEO simply replied, "Honestly, I don't care." A source familiar with the matter revealed that the privately held company has no plans to make the audited financial statements public.