Tether (USDT) News Today

Crypto Super Political Action Committee Fellowship PAC appoints Tether U.S. executive Jesse Spiro as chair, pushing for action supporting pro-crypto candidates. Meanwhile, the “Digital Asset Market CLARITY Act” is stalled in the Senate, with controversy over stablecoin yield policy affecting the bill’s progress. The crypto industry is stepping up lobbying efforts, seeking a more favorable policy environment.

Tether is launching its U.S.-backed stablecoin, USAT, on Celo, marking its first move beyond the Ethereum mainnet. This shift aims to integrate USAT into a payments-focused environment, enhancing accessibility and usability in onchain transactions.

Gate News update, April 1, Fellowship PAC announced the appointment of Tether US’s Vice President of Regulatory Affairs, Jesse Spiro, as the organization’s chair. Jesse Spiro will be responsible for driving Fellowship PAC’s next phase of expansion and increasing its support for candidates who back clear regulatory frameworks for innovation, digital assets, and emerging technologies. Fellowship PAC said it will publish the first list of endorsed candidates in the coming days.

Tether has dismissed senior gold traders from HSBC, ceasing its plans for a competitive gold trading desk while managing 140 tons of gold. This decision coincides with ongoing financial adjustments and audit efforts as Tether explores new funding and operations.

Tether Holdings SA has parted ways with two senior precious metals traders, Vincent Domien and Mathew O’Neill, just months after recruiting them from HSBC Holdings Plc as part of the stablecoin issuer’s plan to build a world-class gold trading floor.

Bitcoin (BTC) was flat at $68,060 on April 1, and U.S. President Trump said he will end the Iran war. The Bitcoin miner Bitfarms plans to change its name to Keel and sell $161 million worth of Bitcoin. Stablecoin issuer Tether fired two precious-metals traders. U.S. stocks rebounded, and all three major indexes hit new highs. Market sentiment fluctuated with news of the Iran war, so it’s necessary to carefully control investment risk.

In brief Tether’s USAT stablecoin has launched on the Celo blockchain, its first expansion beyond Ethereum. Google Cloud provides infrastructure support for the stablecoin's distribution system. A privacy-preserving faucet allows verified users to access USAT tokens through

Gate News reports that on March 31, stablecoin issuer Tether laid off several top gold traders who had been recruited just a few months earlier from HSBC.

Tether is transitioning from monthly attestations to a full audit of its USDT reserves with KPMG, while also enhancing internal controls with PwC. This move, driven by ambitions for U.S. expansion and a major capital raise, signals a shift towards greater transparency and regulatory readiness.

Tether is conducting a comprehensive financial audit of USDT, hiring KPMG and PwC to improve financial transparency and internal processes. This move comes as it prepares to expand into the U.S. market and raise funds, aiming to address outside doubts about its U.S. dollar reserves. Detailed information about Tether’s past reserves was revealed after a legal battle, showing changes in its asset allocation.

An ongoing event contract on Polymarket indicates Ethereum could lose its spot as the second-largest crypto by market cap this year. Analysts expect Tether’s USDT stablecoin to overtake ETH’s overall valuation within the same period. An ongoing event contract in Polymarket predicts Ethereum (ETH)

Ethereum faces market pressure and is expected to lose its second-place spot in 2026, with the probability rising to 59%. The rapid expansion of stablecoins has brought their market value significantly closer to Ethereum. Analysis says Ethereum needs to maintain network usage and price to meet the competition, and to focus on whether it can preserve its core position.

Tether hires KPMG to conduct its first complete financial statement audit, transitioning towards financial transparency and strengthening the trust foundation of USDT. This initiative aligns with U.S. market regulations and a $20 billion financing plan, aimed at resolving past controversies and enhancing market confidence. Tether is also expanding real asset tokenization and maintaining strong financial strength to establish a trust foundation in the global financial market.

Tether has hired KPMG for a comprehensive audit of its $184 billion USDT stablecoin, along with PwC to prepare for the process. This comes amid plans to register USDT under the GENIUS Act, addressing transparency concerns over its reserves.