Payment company that's been locked out of their $USDT for over a year just sued Tether.
And they're not just asking for their money back.
This could get messy. When a payment processor can't access stablecoins for 12+ months, that's either incompetence or something darker.
Watch how Tether responds. If they settle quietly, red flag. If they fight publicly with receipts, might actually be legit.
Either way, this is why you don't park large amounts in any single stablecoin issuer long-term. Diversify your stable exposure or stay liquid.
And they're not just asking for their money back.
This could get messy. When a payment processor can't access stablecoins for 12+ months, that's either incompetence or something darker.
Watch how Tether responds. If they settle quietly, red flag. If they fight publicly with receipts, might actually be legit.
Either way, this is why you don't park large amounts in any single stablecoin issuer long-term. Diversify your stable exposure or stay liquid.