Tether
Summary
Tether is the issuer of USDT, the world's largest stablecoin by market capitalization. The company has faced ongoing regulatory scrutiny, transparency concerns, and legal challenges regarding its reserves and business practices, though it continues to operate as a major cryptocurrency infrastructure provider.
Timeline(7 events)
2014-10-06
Tether (originally RealCoin) launched, claiming 1:1 USD backing
Company announcement
2017-11-21
Tether reports $31 million in USDT tokens stolen from treasury wallet
Tether security announcement
2018-06-01
Tether updates terms of service, removing claim that tokens are backed by USD in bank account
Terms of service revision
2019-04-25
New York Attorney General files court action alleging $850 million loss cover-up
NYAG court filing
2021-02-23
Tether settles with NYAG for $18.5 million, agrees to transparency measures
NYAG settlement agreement
2021-10-15
CFTC fines Tether $41 million over backing claims
CFTC enforcement action
2021-12-03
Tether begins publishing quarterly attestation reports on reserves
First quarterly attestation report
Decision Log
- hash: DXHEmc9ot6aZRdcEWB7dLFEgkF8Evu3AvwRSLMbjtP13
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-20250514
generated: 4/12/2026, 5:45:35 AM
last updated: 5/14/2026, 6:02:35 AM
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