Ethereum has reclaimed its position as the primary blockchain for hosting USDT for the first time since 2022. Tether is minting new stablecoins on Ethereum as it expects higher demand.

Quantoz is launching EURQ and USDQ, with Tether set to be delisted in Europe by the end of the year because it lacks an e-money license in a member state.

New estimates project how much demand there will be for a digital euro. Plus, Tether launches a new tokenization platform, as BlackRock expands its tokenized fund to five new blockchains.

The growing interconnection between stablecoins and T-bills used for their backing is raising concerns. While the US Treasury admits the importance of a unified monetary unit for further tokenisation of legacy systems, it believes that the present stablecoin design is not suitable for that purpose.

Christopher Waller, one of the Fed's most vocal members on crypto issues, stated that DeFi can complement, rather than replace, traditional finance. He sees stablecoins as an efficient tool to support U.S. economic influence and argues against the necessity of a retail CBDC.

Coinbase plans to delist Tether's stablecoins in the EU, giving a strong push to its related party Circle. Meanwhile, Tether is developing a new technology solution tailored for the EU market that mitigates the risks of non-compliance with the EU MiCA regulation.

Tether’s mining business faced legal turmoil as Swan Bitcoin accused it of stealing trade secrets. The dispute over their joint venture, 2040 Energy, escalated into a lawsuit, with Swan alleging Tether conspired to poach employees and proprietary data. Tether denies wrongdoing.

At the Bitcoin 2024 conference, Howard Lutnick emphasized Tether’s transparency, regulatory compliance, and security, contrasting it with Circle’s practices.