Tether Freezes $12.3M USDT in Anti-Money Laundering Action
Tether Freezes $12.3M USDT in Anti-Money Laundering Action
馃ザ Tether's Cold Shoulder

Tether has frozen $12.3M USDT on the Tron network, targeting wallets suspected of money laundering activities. The action was executed in collaboration with T3 FCU as part of ongoing Anti-Money Laundering efforts.
This follows a larger freeze of $225M in November 2023, which was connected to a DOJ investigation into human trafficking in Southeast Asia.
The recent freeze has reignited discussions about:
- Centralization in stablecoin systems
- Balance between security and decentralization
- Role of stablecoin issuers in law enforcement
This marks Tether's continued commitment to regulatory compliance while raising questions about stablecoin autonomy.
Tether froze $12.3M USDT on Tron on June 15, 2025, targeting wallets tied to potential money laundering. Part of Tether鈥檚 AML efforts with the T3 FCU, the move sparks debate over stablecoin centralization. 馃Ε
Senate Passes GENIUS Act: Trump Reduces Stake in USD1 Issuer

The U.S. Senate approved the GENIUS Act, establishing new stablecoin regulations aimed at increasing cryptocurrency adoption. Key developments: - Former President Trump decreased his ownership in World Liberty Financial (USD1 issuer) from 60% to 40% - Critics highlight potential conflicts of interest and inadequate consumer protection measures - Legislation now moves to House of Representatives for final approval The bill represents a significant step toward comprehensive crypto regulation in the U.S., though concerns remain about its implementation and effectiveness.
Crypto Market Update: JPMorgan, Shopify Make Major Moves as Iran Exchange Suffers Hack

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JD.com Announces HKD-Pegged Stablecoin Amid Global Tokenization Wave

Chinese e-commerce giant JD.com plans to launch a stablecoin in Q4 2025, joining a growing trend of major financial institutions entering the digital currency space. Key developments: - JD's stablecoin will be pegged to HKD and other currencies - Initial B2B focus with planned expansion to retail in Hong Kong and Macau - Public blockchain implementation for transparency - HKMA-supervised testing since July 2024 This follows significant moves by traditional finance: - Major US banks discussing consortium stablecoin - HSBC launches tokenized deposits in Hong Kong - BNP Paribas introduces tokenized money market fund - Hong Kong passes comprehensive stablecoin regulation [Read HKMA press release](https://www.hkma.gov.hk/eng/news-and-media/press-releases/2025/05/20250521-3/)
DEXs Capture 25% of Global Spot Trading Volume in Record-Breaking May

Decentralized exchanges (DEXs) reached a significant milestone, securing 25% of global spot trading volume in May 2025. Key highlights: - PancakeSwap led the surge with $171.6B volume on BNB Chain - Growth driven by competitive fee structure - Non-custodial trading features attract users This marks a notable shift from 2023, when Binance dominated with 52.6% of centralized exchange volume ($3.8T). The trend suggests increasing adoption of decentralized trading platforms.