According to the latest data from Coingecko, the market value of the US dollar stablecoin USDT has exceeded 91 billion US dollars, reaching 91,015,644,641 US dollars at the time of writing, setting a new historical high.

On December 14th, Tether CEO Paolo Ardoino announced on social media that Tether had just frozen the address of the Ledger exploit user.

Glassnode analyst @_Checkɱate stated on social media platform X that Tether is a CBDC. Travis is correct in saying that if the US government can shut down Russia's reserves, it is difficult to say they do not have the ability to shut down Tether's reserves. The most likely reality is that as fiat currencies collapse, developing countries will switch to the US dollar, and USDT is objectively superior to the peso, bolivar, and lira. Emerging markets mainly provide funding for US retirement, medical, military activities, and government generosity. Ironically, this is a win-win situation for both parties.

Howard Lutnick, CEO of financial services company Cantor Fitzgerald, said on CNBC's podcast: "I am a loyal fan of stablecoins like Tether. I hold their national debt, they have a lot of national debt, and they now have more than $90 billion, so I am a loyal fan of Tether." Howard Lutnick did not specify whether the $90 billion was the amount of national debt held by the company for Tether. Market data shows that Tether's market value is currently $90.5 billion.

On-chain data shows that Tether has issued one billion USDT on TRON.

According to Whale Alert monitoring, 55 million USDT was transferred from an unknown wallet to Binance.

Tether announced yesterday that it will block the use of its stablecoin USDT in wallets that are subject to US sanctions. The new sanctions affect 161 Ethereum wallets, of which 150 do not even hold USDT, while the remaining 11 wallets hold over 3.5 million USDT tokens, with 3.4 million USDT held by a single address. Blockchain investigator ZachXBT has linked this address to the recent hacking attack on the gambling platform Stake. Among the other wallets, two addresses hold about 20,000 USDT each, another holds nearly 60,000 USDT, and the rest hold smaller amounts, with one wallet holding only 0.16 USDT.

According to The Block, Tether stated that the company has frozen individual wallets that are subject to sanctions by the US Office of Foreign Assets Control (OFAC).

The cryptocurrency exchange Kraken has announced that it now supports deposits and withdrawals of Tether (USDT) on the Optimism network.

On December 7th, Tether partnered with Bitkub, the largest cryptocurrency trading platform in Thailand, and Bitkub Academy to promote stablecoin education in Thailand.