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Tether has frozen roughly 39.27 million USDT across ten Tron addresses linked to Xinbi Guarantee, a Telegram-based marketplace serving fraudsters across Southeast Asia despite bans and sanctions.
Two businessmen allege Tether blocked access to their stablecoins before federal authorities obtained a seizure warrant.
Two Thai businessmen are taking Tether to court, alleging the stablecoin issuer froze about $42.4 million in USDT in October 2025 without a court order, months before a formal seizure order followed.
A group of 21 international banks, including Goldman Sachs, UBS and Bank of America, is preparing a jointly issued dollar stablecoin, with a euro token to follow, targeting cross-border payments and digital asset settlement.
A 21-strong consortium of global banks, including three major European lenders, is preparing a dollar-pegged stablecoin for 2027, with plans to extend the project to the euro and other G7 currencies.