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Tether USDt Price
Tether USDt price

Tether USDt priceUSDT

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$0.9994USD
+0.00%1D
The price of Tether USDt (USDT) in United States Dollar is $0.9994 USD.

USDT is a widely used stablecoin and is often used as the pricing currency for cryptocurrency trading pairs. If you hold USDT, you can trade or exchange it with many other cryptocurrencies (such as BTC/USDT, ETH/USDT, BGB/USDT, XRP/USDT, SOL/USDT). Learn now: How to buy USDT?

You can also easily cash out USDT. Learn now: How to cash out USDT?

Price chart
Tether USDt price USD live chart (USDT/USD)
Last updated as of 2025-12-25 21:01:23(UTC+0)

Live Tether USDt price today in USD

The live Tether USDt price today is $0.9994 USD, with a current market cap of $186.77B. The Tether USDt price is up by 0.00% in the last 24 hours, and the 24-hour trading volume is $51.07B. The USDT/USD (Tether USDt to USD) conversion rate is updated in real time.
How much is 1 Tether USDt worth in United States Dollar?
As of now, the Tether USDt (USDT) price in United States Dollar is valued at $0.9994 USD. You can buy 1USDT for $0.9994 now, you can buy 10.01 USDT for $10 now. In the last 24 hours, the highest USDT to USD price is $1 USD, and the lowest USDT to USD price is $0.9991 USD.

Do you think the price of Tether USDt will rise or fall today?

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Voting data updates every 24 hours. It reflects community predictions on Tether USDt's price trend and should not be considered investment advice.

Tether USDt market Info

Price performance (24h)
24h
24h low $124h high $1
All-time high (ATH):
$1.22
Price change (24h):
+0.00%
Price change (7D):
-0.02%
Price change (1Y):
-0.00%
Market ranking:
#3
Market cap:
$186,772,650,023.62
Fully diluted market cap:
$186,772,650,023.62
Volume (24h):
$51,065,512,242.04
Circulating supply:
186.89B USDT
Max supply:
--

About Tether USDt (USDT)

What Is Tether?

Tether (USDT) is a type of cryptocurrency known as a stablecoin. It is designed to maintain a steady value against the U.S. dollar, aiming to combine the benefits of blockchain technology with the relative stability of fiat currencies. This design intends to reduce the volatility typically associated with cryptocurrencies like Bitcoin and Ethereum.

The concept behind Tether is simple: for every unit of Tether in circulation, there should be one U.S. dollar held in reserve by Tether Ltd., the company behind USDT. This 1:1 peg to the U.S. dollar means that theoretically, any holder of Tether should be able to redeem their USDT for an equivalent amount of U.S. dollars.

In June 2023, the stability of Tether's USDT experienced a slight depeg due to the Curve’s 3Pool liquidity imbalance. Even though the price dropped to as low as US$0.996 at that time, USDT price recovered to US$0.999 later in the day.

Resources

Original Whitepaper: https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf

Official website: https://tether.to/

How Does Tether Work?

Initially launched on the Bitcoin blockchain, Tether has since evolved significantly. It now exists as digital tokens on an impressive list of 12 major blockchains, including but not limited to Algorand, Avalanche, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana and Statemine.

The Blockchain Ledger and Tether's Centralization

Like its cryptocurrency counterparts, all Tether transactions are transparently recorded on a blockchain. This decentralized ledger meticulously tracks all transaction history and is publicly accessible. However, it's crucial to note that Tether differentiates itself by being a centralized stablecoin. Its supply and operations are exclusively managed by Tether Ltd.

By providing a reliable and transparent stablecoin option, Tether continues to play an important role in the broader cryptocurrency ecosystem.

What Determines Tether's Price?

Understanding what determines the current Tether price is crucial for anyone involved in the cryptocurrency market. Tether (USDT), often referred to as a stablecoin, aims to maintain a 1:1 peg with the U.S. dollar. This 1:1 peg is theoretically backed by reserves held by Tether Ltd., the company responsible for USDT.

Factors Influencing Tether Price Stability

However, the stability of Tether's 1:1 peg can be influenced by a multitude of factors including market sentiment, liquidity imbalances, and the overall health of the cryptocurrency ecosystem. For instance, in June 2023, the Tether USD price experienced a slight depeg due to Curve’s 3Pool liquidity imbalance. The USDT price dropped to as low as $0.996 before recovering, affecting Tether's price history.

The Importance of Trust and Confidence

Tether price data often serves as an indicator of the level of trust market participants have in the stablecoin. When Tether maintains its 1:1 peg, it signifies a balanced state of inflows and outflows. This also indicates confidence in the company's ability to maintain its reserves, impacting Tether price predictions. However, any change in the Tether coin price, even a slight one, can trigger market reactions.

Market Reactions to Tether Price Changes

For example, a depegging event can lead to increased Tether trading volumes as investors seek to capitalize on arbitrage opportunities or move their assets to other stablecoins or fiat currencies. On-chain metrics such as trading volume and token circulation can provide valuable insights into how the market is responding to changes in Tether's price.

Regulatory Scrutiny and Tether Price Analysis

Moreover, the Tether to USD price can also be influenced by regulatory scrutiny and the company's transparency regarding its reserves. Any discrepancies or uncertainties can lead to Tether price fluctuations. Despite occasional depegs, Tether has managed to maintain its dominant position in the stablecoin market. This suggests that its underlying blockchain technology and the broader cryptocurrency ecosystem continue to support its value proposition.

The Need for Constant Monitoring

Therefore, keeping an eye on real-time Tether price, regulatory updates, and market sentiment can offer valuable insights into the stablecoin's stability and reliability. By understanding the factors that influence Tether's price, you can make more informed decisions in your cryptocurrency investments.

What Makes Tether Valuable?

Fiat Currency Alternative

USDT has emerged as a prominent alternative to fiat currency in the digital world, especially in countries with unstable currencies or strong capital controls. Because USDT is pegged to the U.S. dollar, it has become a go-to for individuals looking to preserve value, execute international transactions, or bypass traditional banking systems.

Price Discovery and Stability

Due to its peg to the dollar, USDT serves as a benchmark for price discovery in cryptocurrency markets. Its stability offers a contrast to the often volatile nature of cryptocurrencies. This has given confidence to traders and investors, especially those who might be skeptical about the fluctuating nature of cryptocurrencies.

Increased Liquidity

USDT provides exchanges and traders with additional liquidity. Its easy convertibility means traders can switch between USDT and other cryptocurrencies quickly, aiding in efficient price discovery and trade execution.

Gateway to Other Cryptocurrencies

For many, USDT serves as the primary point of entry into the crypto world. Many cryptocurrency exchanges don’t allow direct fiat to crypto trading due to regulatory concerns. USDT offers a solution, enabling traders to first purchase USDT with fiat and then use USDT to trade other cryptocurrencies.

Influence on Decentralized Finance (DeFi)

Tether's role in the decentralized finance sector cannot be underestimated. With its stability, USDT has become a preferred collateral option in various DeFi platforms. It has enabled lending, borrowing, and yield farming activities, acting as a bedrock for various DeFi protocols.

Potential for Mainstream Adoption

As businesses become more accepting of cryptocurrencies, USDT, with its inherent stability, has the potential to become widely accepted for daily transactions, bridging the gap between traditional finance and the crypto world.

Controversies and Concerns Surrounding Tether

While Tether (USDT) serves as a keystone in the cryptocurrency landscape, it has also been a magnet for controversy and skepticism. One of the most persistent issues revolves around transparency—specifically, whether Tether Ltd. holds sufficient U.S. dollar reserves to back e ach USDT token in circulation. This concern has even caught the attention of regulatory authorities.

Legal Proceedings and Transparency

In 2020, a landmark settlement was reached between Tether Ltd., its affiliate Bitfinex, and the New York Attorney General’s Office. The lawsuit had alleged that the companies concealed an US$850 million loss of customer funds. To settle these allegations, both Tether Ltd. and Bitfinex agreed to pay an US$18.5 million penalty and commit to greater transparency by providing quarterly reports on Tether's reserves.

Conclusion

Tether has indisputably revolutionized the cryptocurrency market by creating a stable digital alternative to the U.S. dollar. It offers a multitude of advantages, including enhanced market liquidity and a safe haven during periods of extreme crypto volatility. However, prospective and current users must exercise due diligence. The questions surrounding its reserve transparency and legal challenges warrant careful consideration.

Related Articles about Tether

What is Tether (USDT)?

Bitget x Tether: The Gateway To Real-World Assets

The Tether Depeg in Summer 2023: What Happened to USDT?

Show more

Tether USDt Price history (USD)

The price of Tether USDt is -0.00% over the last year. The highest price of USDT in USD in the last year was $1.01 and the lowest price of USDT in USD in the last year was $0.9971.
TimePrice change (%)Price change (%)Lowest priceThe lowest price of {0} in the corresponding time period.Highest price Highest price
24h+0.00%$0.9991$1
7d-0.02%$0.9989$1
30d-0.02%$0.9981$1
90d-0.12%$0.9978$1.01
1y-0.00%$0.9971$1.01
All-time-0.07%$0.5683(2015-03-02, 10 years ago)$1.22(2015-02-25, 10 years ago)
Tether USDt price historical data (all time)

What is the highest price of Tether USDt?

The USDT all-time high (ATH) in USD was $1.22, recorded on 2015-02-25. Compared to the Tether USDt ATH, the current Tether USDt price is down by 17.78%.

What is the lowest price of Tether USDt?

The USDT all-time low (ATL) in USD was $0.5683, recorded on 2015-03-02. Compared to the Tether USDt ATL, the current Tether USDt price is up 75.85%.

Tether USDt price prediction

When is a good time to buy USDT? Should I buy or sell USDT now?

When deciding whether to buy or sell USDT, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget USDT technical analysis can provide you with a reference for trading.
According to the USDT 4h technical analysis, the trading signal is Sell.
According to the USDT 1d technical analysis, the trading signal is Strong sell.
According to the USDT 1w technical analysis, the trading signal is Strong sell.

What will the price of USDT be in 2026?

In 2026, based on a +5% annual growth rate forecast, the price of Tether USDt(USDT) is expected to reach $1.05; based on the predicted price for this year, the cumulative return on investment of investing and holding Tether USDt until the end of 2026 will reach +5%. For more details, check out the Tether USDt price predictions for 2025, 2026, 2030-2050.

What will the price of USDT be in 2030?

In 2030, based on a +5% annual growth rate forecast, the price of Tether USDt(USDT) is expected to reach $1.28; based on the predicted price for this year, the cumulative return on investment of investing and holding Tether USDt until the end of 2030 will reach 27.63%. For more details, check out the Tether USDt price predictions for 2025, 2026, 2030-2050.

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FAQ

What is a stablecoin?

A stablecoin is a cryptocurrency designed to have a stable value. Unlike highly volatile cryptocurrencies such as Bitcoin, its value is pegged to reserves or assets like the US dollar or gold. The aim is to offer the stability of fiat currencies and the advantages of cryptocurrencies, like secure and seamless cross-border transactions.

What is Tether (USDT) and how is its price determined?

Tether (USDT) is a type of cryptocurrency known as a stablecoin. Its price is designed to be pegged to the value of a fiat currency, most commonly the US dollar. This means that 1 USDT is generally equivalent to 1 USD. The price stability is achieved by Tether Limited claiming to hold reserves in a 1:1 ratio to the USDT tokens in circulation.

How can Tether maintain its peg to the US dollar?

Tether Limited, the company behind USDT, claims to hold a reserve of US dollars (or equivalent assets) in a bank account for every USDT issued. By ensuring that they have the necessary reserves and through buyback mechanisms, they aim to maintain the 1:1 peg.

Why is USDT's price sometimes slightly above or below US$1?

While USDT aims to maintain a 1:1 peg with the US dollar, minor fluctuations can occur due to supply and demand dynamics in the market, arbitrage opportunities, and market sentiment. For example, in June 2023, the stability of Tether's USDT experienced a slight depeg due to the Curve’s 3Pool liquidity imbalance. Even though the price dropped to as low as US$0.996 at that time, USDT price recovered to US$0.999 later in the day. During times of high volatility in the crypto market, traders may flood into or out of USDT, which can cause short-term deviations from the US$1 peg.

How does Tether differ from other stablecoins?

While Tether (USDT) is one of the most popular and widely recognized stablecoins, there are other stablecoins in the market like USDC, DAI, and PAX. The main difference is the issuing entity and the transparency mechanisms. For example, USDC is issued by Circle and Coinbase and provides more frequent attestations of their reserves. DAI, on the other hand, is a decentralized stablecoin backed by cryptocurrency collaterals rather than fiat.

Can I redeem USDT directly for USD?

In theory, Tether tokens can be redeemed for USD through the Tether platform, but in practice, most users trade USDT on cryptocurrency exchanges. It's important to note that redemption policies and processes can change, so always check the official Tether platform or your exchange for the latest information.

What factors influence the price of Tether USDt?

The price of Tether USDt is primarily influenced by market demand for stablecoins, fluctuations in the broader cryptocurrency market, and the liquidity of the underlying assets that back it (US dollars or equivalent).

Where can I check the current price of Tether USDt?

You can check the current price of Tether USDt on various cryptocurrency data websites or directly on trading platforms like Bitget Exchange.

Is Tether USDt a good investment now?

Tether USDt is a stablecoin designed to maintain a value of approximately $1. While it may not offer significant appreciation potential, it can be a good choice for those looking to hedge against volatility in the crypto market.

Why does Tether USDt maintain a fixed price?

Tether USDt maintains its fixed price by being backed 1:1 by US dollars or equivalent reserves, which allows it to maintain stability and liquidity in the market.

How can I buy Tether USDt on Bitget Exchange?

To buy Tether USDt on Bitget Exchange, create an account, deposit funds, and navigate to the trading section where you can find Tether USDt to purchase using your preferred payment method.

What is the historical price trend of Tether USDt?

Historically, Tether USDt has maintained a value close to $1. However, there may be slight fluctuations due to market conditions, regulatory news, or liquidity events.

Are there risks associated with holding Tether USDt?

Yes, like all cryptocurrencies, holding Tether USDt comes with risks including market volatility, regulatory scrutiny, and issues related to the management of reserves.

Can Tether USDt reach $2 or $0.50?

Due to its design as a stablecoin, Tether USDt is highly unlikely to exceed $1 or fall significantly below $1. Large deviations would typically indicate an issue with the backing or market perception.

What should I do if the price of Tether USDt drops below $1?

If the price of Tether USDt drops below $1, it's crucial to monitor the market and understand the cause. You may want to hold, sell, or consider alternative stablecoins based on market conditions.

How often does Tether USDt update its price?

Tether USDt's price is continuously updated in real time on exchanges like Bitget Exchange, reflecting live market conditions and transactions.

What is the current price of Tether USDt?

The live price of Tether USDt is $1 per (USDT/USD) with a current market cap of $186,772,650,023.62 USD. Tether USDt's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Tether USDt's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Tether USDt?

Over the last 24 hours, the trading volume of Tether USDt is $51.07B.

What is the all-time high of Tether USDt?

The all-time high of Tether USDt is $1.22. This all-time high is highest price for Tether USDt since it was launched.

Can I buy Tether USDt on Bitget?

Yes, Tether USDt is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy tether guide.

Can I get a steady income from investing in Tether USDt?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Tether USDt with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

Where can I buy Tether USDt (USDT)?

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USDT/USD price calculator

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1 USDT = 0.9994 USD. The current price of converting 1 Tether USDt (USDT) to USD is 0.9994. This rate is for reference only.
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Tether USDt ratings
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Bitget Insights

Bitcoinworld
Bitcoinworld
5h
Revealed: Bybit’s Impressive December Reserve Ratios Prove Unwavering Security Commitment
In the often turbulent world of cryptocurrency, trust is the most valuable asset. Bybit, a leading global crypto exchange, has just reinforced that trust by publicly announcing its December reserve ratios. The latest data reveals a powerful story of security and stability, showing the platform maintains significant over-collateralization across dozens of major cryptocurrencies. For users concerned about the safety of their digital assets, this transparency is not just reassuring—it’s essential. What Do Bybit’s Reserve Ratios Actually Mean? Simply put, a reserve ratio shows how much cryptocurrency an exchange holds in its reserves compared to what its users have deposited. A ratio of 100% means the exchange holds one unit of an asset for every unit its users own. Therefore, when Bybit announces reserve ratios ranging from 100% to 160%, it confirms the platform holds all user funds, plus an extra safety buffer in many cases. This practice, known as over-collateralization, is a cornerstone of financial security in the crypto space. Breaking Down Bybit’s Key Reserve Figures The data snapshot from December 17th provides clear evidence of Bybit’s robust financial health. Let’s examine the reserve ratios for some of the most prominent assets: Bitcoin (BTC): 105% Ethereum (ETH): 101% XRP: 101% Solana (SOL): 103% Tether (USDT): 102% USD Coin (USDC): 112% These figures are not just numbers on a page. They represent a tangible commitment. For instance, the 105% Bybit reserve ratio for Bitcoin means that for every 1 BTC a user holds on the platform, Bybit safeguards 1.05 BTC in its reserves. This extra 5% acts as a critical financial cushion. Why Should Crypto Traders Care About Over-Collateralization? Transparency around Bybit reserve ratios directly addresses one of the central anxieties in cryptocurrency: counterparty risk. History has shown that exchanges operating without sufficient reserves can face catastrophic failures, potentially locking users out of their funds. Bybit’s consistent publication of these ratios, verified through Merkle Tree proofs, allows users to independently verify the platform’s solvency. This builds a foundation of trust that is vital for a healthy trading environment. Furthermore, this practice demonstrates responsible financial management. Maintaining reserves above 100%, especially for stablecoins like USDC at 112%, shows proactive risk management. It prepares the exchange to handle potential market volatility or sudden withdrawal requests without compromising user assets. How Do Bybit’s Reserve Ratios Compare to Industry Standards? Following the collapse of several major platforms, the industry has moved toward a new standard of proof-of-reserves and transparency. Bybit is positioning itself at the forefront of this movement. While many exchanges now provide some form of attestation, the consistent publication of detailed, asset-specific Bybit reserve ratios sets a high bar. It goes beyond a simple “yes, we have the funds” to show exactly how much extra protection exists for each cryptocurrency. The Bigger Picture: Security Beyond Just Reserves It’s important to remember that strong Bybit reserve ratios are one part of a comprehensive security framework. Users should also consider an exchange’s track record, regulatory compliance, and technological safeguards like cold storage and insurance. However, transparent reserve data is arguably the most direct indicator of an exchange’s financial integrity and its commitment to protecting user capital above all else. Conclusion: A Benchmark for Trust and Transparency Bybit’s December reserve report does more than just share statistics. It sends a powerful message about the exchange’s operational philosophy. In a sector where trust must be earned daily, this level of transparency is a significant competitive advantage. For traders and investors, it provides peace of mind, knowing their assets are not only present but protected by a substantial financial buffer. As the crypto industry matures, this practice of regular, detailed reserve disclosure will likely become the non-negotiable standard that all legitimate platforms must meet. Frequently Asked Questions (FAQs) What is a reserve ratio in cryptocurrency? A reserve ratio is the percentage of user deposits that an exchange holds in its secure reserves. A ratio of 100% or higher means the exchange holds all user funds (and possibly more), ensuring it can fulfill all withdrawal requests. How often does Bybit publish its reserve ratios? Bybit publishes updated reserve ratio data regularly. The latest announcement covers the snapshot from December 17th, continuing their commitment to periodic transparency updates. Why is USDC’s reserve ratio (112%) higher than others? A higher ratio for a stablecoin like USDC may indicate a more conservative approach to managing that specific, high-volume asset. It provides an additional safety net to manage liquidity and redemption requests smoothly. Can users verify Bybit’s reserve claims? Yes. Bybit uses Merkle Tree proofs, a cryptographic method that allows users to independently verify that their funds are included in the total reserves published by the exchange. Does a 100% reserve ratio guarantee complete safety? While a 100% or higher ratio is a critical indicator of solvency, overall platform safety also depends on other factors like cybersecurity, operational controls, and regulatory standing. What happens if an exchange’s reserve ratio falls below 100%? A ratio below 100% would mean the exchange does not hold enough assets to cover all user deposits, posing a significant risk of insolvency and potential loss of user funds if many withdrawals occur. Found this breakdown of Bybit’s financial health helpful? Share this article with fellow crypto enthusiasts on Twitter, LinkedIn, or Telegram to spread awareness about the importance of exchange transparency and reserve security. Knowledge is power in the digital asset space! To learn more about the latest trends in cryptocurrency exchange security and regulation, explore our article on key developments shaping institutional adoption and user protection standards. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
BTC+0.23%
ETH+0.08%
Cointurk
Cointurk
6h
USDT’s Dynamic Impact Sparks a Stablecoin Freeze Focus
AMLBot’s analysis covering 2023–2025 highlights a significant division in how stablecoin freezing activities have been conducted in terms of scale and methodology. During this period, Tether (USDT) blacklisted approximately 7,268 addresses, effectively freezing assets worth around $3.29 billion. On the other hand, Circle (USDC) undertook freezing actions on 372 addresses involving $109 million, driven solely by court or regulatory directives. The report underscores a nearly 30-fold difference in both value and address count in favor of USDT. It also delves into how address freezing processes are seamlessly integrated into real investigative workflows on Ethereum and especially the Tron network. Contents USDT’s Massive Scale USDC’s Court-Mediated Model USDT’s Massive Scale According to the analysis, Tether has frozen a total of $3.29 billion across the ERC-20 and TRC-20 lines. Tron emerges as the dominant network, hosting over 53% of the frozen USDT, translating to $1.75 billion. The report reveals an acceleration in Tether’s blacklisting activities by late 2023, with a near-vertical increase projected into 2024–2025. Unlike sporadic enforcement, Tether’s sanctioning process is continuous and progressive. Currently, frozen USDT assets on Ethereum amount to approximately $1.54 billion, compared to $109 million for USDC on the same network. A distinguishing feature of Tether’s strategy is the transformation of its “freeze + burn + reissue” approach into a refund and compensation mechanism. The report highlights that July 2024 saw USDT freezes surpass $130 million, with $29.6 million linked to Cambodia-based Huione Group particularly standing out on the Tron network. By the end of 2025, instances where over $25-30 million in “burned” coins peaked, illustrating Tether’s operational cycle that binds freezing with post-investigation permanent liquidation and refund steps. USDC’s Court-Mediated Model Circle operates within a narrower framework depicted in the report, where USDC freezes follow an “access restriction” logic, solely triggered by existing laws, regulations, or court mandates. The data between 2023–2025 showed 372 addresses and a total of $109 million characterized by “high but rare” spikes, indicating a lack of continuity in daily flow. Circle notably avoids employing coin burning and reissuing mechanisms, with assets remaining static until legal approval is acquired. The report mentions Tether’s partnerships with over 275 law enforcement entities across 59 jurisdictions and their engagement with more than 2,800 addresses alongside U.S. law enforcement. This wide latitude raises concerns over privacy and censorship. An example noted is the freezing of approximately 44.7 million USDT in April 2025 at the behest of Bulgarian police, which led to litigation by Riverstone Consultancy, illustrating how rapid response capabilities can result in legal risks. Additionally, delays caused by the multi-signature approval process have been associated with losses of around $78 million since 2017, highlighting the critical balance between “rapid intervention” and “governance security.”
USDC0.00%
Coinspeaker
Coinspeaker
7h
CZ Urges to Protect Users from Scam Wallets after $50M USDT Theft
Binance co-founder Changpeng “CZ” Zhao urged crypto wallets to detect and block address-poisoning scams automatically. He proposed industry-wide blacklists and UI filtering after an investor mistakenly sent $50 million in USDT to a spoofed address last week. In a post titled “Let’s Eradicate the Poison Scams,” Zhao said wallets should query known “poison addresses,” warn or block users, and hide zero-value spam that clutters histories. He added that Binance Wallet already performs such checks. --> What’s Behind the Address Poisoning Scams A “poison wallet,” or address poisoning scam, is a crypto trick where attackers send tiny amounts of crypto (dust) from a fake address thatlookslike a frequent contact’s address to your wallet, hoping you’ll copy the fake one later and send funds to them instead of the real person. It works by exploiting user habits, making you accidentally send crypto to the scammer’s address, which is just one character different from the real one, making it hard to spot. The renewed push follows a high-profile loss on Dec. 19, when a whale copied a look-alike address from their transaction history and transferred 49,999,950 USDT to the attacker. On-chain records show funds leaving the victim’s wallet and arriving at a phishing-tagged address. Security write-ups indicate the thief quickly converted the USDT and split the proceeds across multiple wallets, with part of the haul routed through Tornado Cash to obfuscate the trail. How to lose $50M in under an hour. This is one of the largest on-chain scam losses we’ve seen recently. A single victim lost $50M in $USDT to an address poisoning scam. The funds had arrived less than 1h earlier. The user first sent a small test tx to the correct address. Mins… pic.twitter.com/Umsr8oTcXC — Web3 Antivirus (@web3_antivirus) December 19, 2025 Cointelegraph’s recap notes similar cases this year and says Binance’s security team has cataloged ~15 million poisoned addresses across networks via an in-house detection algorithm. The $50 million incident also lands amid a broader uptick in phishing-style losses. ScamSniffer tallied $7.77M in losses across 6,344 victims in November alone, while CertiK estimates $3.3 billion in crypto losses in 2025, with phishing and wallet compromises accounting for a significant share. The 2025 Skynet Hack3d Report is here. $3.35B lost. 700+ incidents. New attack vectors. Key trends. Get the most detailed breakdown of Web3 security in 2025, from exploits to insights. Read the full report👇https://t.co/EfWupS604N — CertiK (@CertiK) December 23, 2025 What CZ Wants Wallets to Do Blacklist queries: Check recipients against shared, real-time lists of poisoned addresses and block or warn before users hit “send.” Spam/dust filtering: Hide tiny “dust” transfers that poison address histories. Prominent warnings: Default safety prompts when copying from history or when first/last characters match a known spoof pattern. Why It Matters Wallet-side controls are a software fix for a human-factor exploit. If widely adopted, blacklist checks and UI changes could neutralize one of crypto’s most common, high-impact scams without altering base-layer protocols. next Yana Khlebnikova joined CoinSpeaker as an editor in January 2025, after previous stints at Techopedia, crypto.news, Cointelegraph, and CoinMarketCap, where she honed her expertise in cryptocurrency journalism. Yana Khlebnikova on LinkedIn Share:
Cryptotale
Cryptotale
7h
Circle Rejects Fake Press Release on Tokenized Metals Claims
Circle denied a Christmas Eve press release promoting a tokenized gold and silver platform. The fake release used Circle branding, cited executives, and linked to an unverified site. Data shows Circle freezes USDC only under legal orders, unlike Tether’s broader actions. A press release issued on Christmas Eve claimed that Circle had launched a platform for tokenized gold and silver trading. The statement described nonstop swaps between USDC and metals tokens and cited executive comments. The claim drew attention because it appeared during a U.S. holiday period. During that time, many companies operated with reduced staffing across the domestic financial and asset sectors. Circle later confirmed that the announcement was false. A spokesperson said the platform, branded as CircleMetals, has no connection to the company and was never approved or developed internally. Unverified Tokens, Rewards, and Platform Claims The release described a service offering 24/7 swaps between USDC and alleged gold and silver tokens labeled GLDC and SILC. It also claimed the assets were supported by liquidity linked to the COMEX market. No independent evidence was found to support either assertion. The statement also promised users a reward of “1.25% in $CIRM.” That token could not be identified on major cryptocurrency data platforms or public registries. No verifiable documentation explained its issuance or purpose. Links in the release directed users to a website that has since been taken offline. Reviews conducted after publication found no indication that GLDC or SILC tokens were ever issued. There was also no sign that any regulated financial institution was involved. Before removal, the website prompted visitors to connect their digital wallets to enable swaps. Industry security guidance warns against connecting wallets to unverified platforms. Such actions can expose users to theft or unauthorized transfers. The fake release also used Circle branding and claimed to quote senior executives. It named CEO Jeremy Allaire as part of the launch narrative. Circle denied that any executive made or approved those statements. Circle confirmed that it had no association with the site, the press release, or the tokens described. Users were advised to disregard the claims. Following the incident, Circle posted a warning on X, urging caution. The company asked users to verify the legitimacy of requests before taking action. It highlighted increased risk when requests involve wallet connections or transaction approvals. The episode emerged as enforcement practices among stablecoin issuers received closer scrutiny. A separate report compared how leading firms freeze and manage funds linked to crime or sanctions. The findings showed large differences in scale and method. Related: Circle Unveils Refund Protocol to Tackle Blockchain Disputes Tether and Circle Differ in Stablecoin Enforcement Practices In another development, between 2023 and 2025, Tether froze about $3.3 billion worth of USDT. During the same period, Circle froze roughly $109 million in USDC. The data shows a substantial gap in enforcement volume. The report stated that Tether blacklisted 7,268 wallet addresses across multiple blockchains, including Ethereum and Tron. More than 2,800 of those freezes were coordinated with U.S. law enforcement agencies. Tron accounted for over half of the frozen USDT. One significant difference that was mentioned is the fact that Tether could burn tokens and issue new ones. In certain instances, frozen USDT associated with crime has been destroyed. To compensate victims or authorities, new tokens were issued. Circle adheres to a narrower legal regime. It blacklisted 372 addresses with a total of $109 million. Circle does not place holds on funds unless directed to by an instruction from courts, regulators, or well-recognized regulatory obligations such as those under applicable sanctions and AML / CTF laws. Circle also does not burn and reissue tokens, in contrast to Tether. Once the USDC is locked, it can only be released by legal approval. The procedure is considered strictly linked to the recognition. Differences between the two indicate a divergent philosophy of implementation, according to AMLBot. Tether is predisposed to prevent losses earlier, while Circle only restrains action to an explicit legal order. Disclaimer: The information provided by CryptoTale is for educational and informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any investment decisions. CryptoTale is not liable for any financial losses resulting from the use of the content. Tags Circle (USDC) News Stablecoin News
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Cointurk
Cointurk
8h
Cyber Attack Steals Millions with a Single Click
The cryptocurrency ecosystem was recently shaken by one of the largest on-chain frauds in recent years. Nearly $50 million worth of USDT belonging to a user was sent to the wrong wallet within seconds through an attack method known as “address poisoning.” This incident not only highlighted an individual error but also brought to the forefront how blockchain architectures and user behaviors can intersect dangerously. Contents How the Address Poisoning Attack Occurred The UTXO Model Controversy and Charles Hoskinson’s Perspective How the Address Poisoning Attack Occurred At the heart of the incident lies a wallet that has been active for almost two years and is primarily used for USDT transfers. After withdrawing funds from Binance, the user received approximately $50 million in USDT. Believing it to be a secure method, the user first performed a small test transfer. A few minutes later, the main transfer was made, but unknowingly, the user utilized the wrong address. Before reaching this point, the fraudster had already set up the “address poisoning” attack. A wallet that closely resembled an address the victim frequently used was created, and a minuscule amount of USDT was sent to it, adding to the transaction history. Given that the addresses in the wallet interface appear as long and complex strings, the user inadvertently copied this fake address from the transaction history when intending to transfer funds, resulting in nearly $50 million being moved to the attacker’s wallet with a single click. The UTXO Model Controversy and Charles Hoskinson’s Perspective Charles Hoskinson, the founder of Cardano, weighed in on the incident, arguing that such a loss is far more challenging to experience in certain blockchain architectures. He pointed out that the account-based models used by Ethereum and EVM-based networks structurally enable frauds like address poisoning. In this model, addresses are kept as permanent accounts, and wallets often prompt users to copy addresses from previous transactions, a habit targeted by fraudsters. According to Hoskinson, networks employing the UTXO model, like Bitcoin and Cardano, are more resilient in this aspect. In the UTXO model, each transaction generates new outputs while consuming old ones, eliminating the idea of a permanent “account balance.” Consequently, there is no persistent address history that can be visually poisoned. He emphasizes that this incident is not a protocol flaw or a smart contract error but a hazardous interaction between design and human behavior. Similar risks have been brought to attention by other reports recently. In the past few weeks, a major wallet provider released a security update to warn users against address copying habits and revamped their address verification screens. These developments underscore the importance of wallet design alongside individual precautions.
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