Tether news

Tether's U.S.-focused stablecoin USAT saw its circulating supply surge 540% in April to $140.8 million, according to a Deloitte-signed reserve report. The token, issued by Anchorage Digital, debuted in January as part of Tether's expansion into the U.S. market. Despite the growth, USAT remains far behind its main rivals. Circle's USDC has a market cap of roughly $76 billion, while Paxos' PYUSD stands at about $5.5 billion and RLUSD at $1.7 billion. Tether's flagship USDT remains the largest stablecoin globally with a near $189 billion market cap.

Tether's USAT stablecoin supply surged nearly 540% month-over-month to over 140 million tokens in April, up from 22 million in March, according to a new attestation. The total reserve balance reached $141.18 million, with a surplus of $327,450 over outstanding tokens. USAT, issued by Anchorage Digital Bank, aims to comply with the GENIUS Act by maintaining 1:1 reserves in cash or cash equivalents. Reserves include $13.43 million in cash and $127.75 million in reverse repos backed by U.S. Treasuries. Tether CEO Paolo Ardoino cited growing institutional demand amid clearer U.S. stablecoin rules.

Trezor has integrated native stablecoin yield functionality into Trezor Suite via Morpho, allowing users to deposit USDT and USDC directly from their hardware wallets without external DeFi applications. The feature uses two Morpho vaults curated by Steakhouse Financial, with yield generated from borrowing demand rather than token incentives. Trezor is the second-largest hardware wallet provider after Ledger, which already offers similar yield features. Stablecoin yield strategies are growing but face scrutiny over risks like smart contract vulnerabilities and centralization. Vitalik Buterin has criticized many yield products as overly dependent on centralized issuers, proposing alternative models aligned with DeFi ethos.

Bybit has warned users that deposits or withdrawals linked to HTX may face additional anti-money laundering checks, following UK sanctions on HTX operator Huobi Global S.A. The exchange advised avoiding HTX-related wallets and complying with local laws. Experts warn that the sanctions could lead to stablecoin freezes, as HTX wallets hold over $100 million in USDT. Tether has frozen assets before, and the move may accelerate a split between sanctioned and non-sanctioned crypto ecosystems.

Stable, the USDT-dedicated Layer 1 blockchain backed by Bitfinex, has launched StableEarn, a yield product for Tether (USDT) holders. The product provides institutional-grade yield through real-world asset products offered by Theo, tied to assets like Treasurys and gold. StableEarn is built on Morpho with risk management by Gauntlet, routing USDT deposits into yield-generating products via automated vaults, avoiding crypto token incentives. Stable CEO Brian Mehler said the product changes the challenge of putting USDT to work with competitive yields.

Tether and the Government of Georgia have announced plans to launch GEL₮, a stablecoin pegged to the Georgian lari, aiming to lower transaction costs, enable instant settlements, and enhance digital payments. The project positions Georgia as an early adopter of a national currency stablecoin integrated with private payment infrastructure. The stablecoin is backed by Georgia's recently developed regulatory framework for virtual assets, which mandates registration and compliance for stablecoin offerings. However, key details such as issuance entity, reserve composition, redemption rights, and network support remain unspecified. Georgia's framework seeks alignment with the U.S. GENIUS Act stablecoin regulation, but practical recognition by global counterparties is uncertain. The success of GEL₮ hinges on transparent implementation of reserves, redemption, and access, which will determine whether it serves as a functional payment rail or remains a policy statement.

Tether announced Monday a partnership with the Government and National Bank of Georgia to launch GELT, a stablecoin pegged to the Georgian lari. The initiative aims to lower transaction fees, accelerate cross-border trade, and advance Georgia's ambition to become a crypto hub aligned with U.S. regulations. Georgia's Prime Minister Irakli Kobakhidze called the stablecoin a step toward a digitally empowered financial system. Tether CEO emphasized that GELT is not a central bank digital currency but a private stablecoin backed by reserves. The project builds on Georgia's existing digital asset regulatory framework, which mirrors the U.S. GENIUS Act, and follows a 2023 Ripple CBDC pilot.

Tether and the government of Georgia have announced plans to launch GEL₮, a stablecoin pegged to the Georgian Lari, marking one of the first initiatives to place a sovereign fiat currency on blockchain rails. The launch is part of Georgia's new stablecoin regime designed to align with the US GENIUS Act, positioning the country as an early adopter of regulatory interoperability with US digital asset rules. Stablecoins are increasingly being used for mainstream payments, with monthly onchain volume reaching $7.6 trillion in April 2026, according to Tether. The firm also cited projections of $33 trillion in onchain stablecoin volume for 2026 by Ripple and estimates of $719 trillion by 2035 from Chainalysis. Georgia already permits tax payments via instant digital asset conversion, and GEL₮ aims to facilitate lower transaction fees, near-instant settlement, and programmable payments to strengthen cross-border trade and digital finance in the region. Further details on GEL₮'s structure, rollout, and regulatory framework are expected to be announced later. The partnership highlights a potential model for other governments considering national stablecoins aligned with US rules.

Tether and the government of Georgia have announced plans to launch a stablecoin called GELT, pegged to the Georgian lari, under the country's new digital asset regulatory framework. The stablecoin is intended to support cross-border commerce and digital payments in Georgia, with further details on its structure and rollout to be announced later. The partnership builds on Georgia's March 2026 stablecoin rules, which require full reserve backing, central bank approval, and external auditor verification for stablecoin offerings. Tether did not specify the issuer, reserve location, redemption rights, or launch timeline for GELT. GELT would join Tether's lineup of non-dollar stablecoins, which includes tokens pegged to the Mexican peso (MXNT) and offshore Chinese yuan (CNHT), as well as a planned UAE dirham-pegged token. Tether has also discontinued its euro-pegged EURT and is phasing out CNHT.

Tether announced plans to launch GELT, a stablecoin pegged to the Georgian lari, with support from the Georgian government. The stablecoin aims to reduce transaction costs, enable faster settlements, and support programmable payments, as well as cross-border commerce and broader access to digital financial infrastructure in Georgia and the region. Georgia Prime Minister Irakli Kobakhidze praised the partnership, while Tether CEO Paolo Ardoino noted that stablecoins are becoming part of the global finance infrastructure. GELT is designed to align with emerging U.S. stablecoin regulations, including the GENIUS Act. Further details on the stablecoin's structure and rollout will be announced later.