Garden Finance paused its app after an independent solver’s off-chain database was compromised, with Blockaid estimating about $450,000 in USDT was drained. The protocol says its smart contracts and user funds were not breached, but the incident is a sharp reminder that weak operators can still wreck a “decentralized” setup.
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Tether is backing both Plasma and Stable to pull USDT activity away from Tron and claw back the fees now flowing to other chains. One target is DeFi-heavy liquidity, the other is simple payments — same stablecoin, two very different bets.
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China has jailed five Sifang operators over a payment network allegedly used to move $428 million in gambling-linked funds through USDT, bank cards, and merchant accounts. The case shows how crypto, payment rails, and offshore gambling can fuse into one messy laundering machine.
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TRON’s gasless USDT setup is seeing real traction, with weekly transfer activity around $3 billion as users gravitate toward smoother stablecoin payments. The catch: “gasless” just means the fee is hidden from the sender, not eliminated — and competition is coming fast.
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Russia is legalizing crypto for sanctioned cross-border trade while keeping domestic payments banned and retail access tightly capped. It’s a state-controlled settlement rail, not a freedom play — with Bitcoin, Ethereum, and USDT allowed only under strict rules.
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Bolivia is reportedly weighing whether to recognize USDT as a payment option as a dollar shortage pushes more people toward crypto. It’s a sign of real-world demand for digital dollars — but not the same as making USDT legal tender.
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U.S. sanctions are tightening around crypto wallets, and Tether just froze $131 million USDT on Tron, underscoring how centralized stablecoins can be controlled when regulators step in. The move lands amid rising geopolitical risk and fresh pressure on crypto’s “uncensorable” narrative.
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Bolivia’s crypto activity is reportedly surging, but claims that the government is formally eyeing USDT for national payments remain unverified. The 630% headline also clashes with Reuters’ over-530% figure, so the real takeaway is rising usage, not confirmed policy.
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Bolivia is reportedly weighing USDT recognition as a payment currency amid a dollar shortage, a move that highlights both rising stablecoin adoption and the country’s strained monetary conditions. It’s not legal tender yet — and that distinction matters.
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Stablecoin-backed crypto cards have crossed $10.65 billion in tracked onchain volume, hinting that digital dollars are finally moving beyond trading and into real spending. Growth is fast, but the market remains highly concentrated, compliance-heavy, and one regulatory hiccup away from a headache.
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