DOJ Seizes $225M in USDT from Scam

More than 50% of the global USDT supply—over $80 billion—is issued on the TRON blockchain, driven by near-zero transaction fees, faster confirmation speeds, and increasing adoption by exchange platforms, particularly in Asia, highlighting TRON's importance for stablecoin transfers.

Ethereum has surpassed the 2,500 USDT mark, trading at 2,502.95 USDT as of June 29, 2025. This increase reflects growing developer activity and optimism around scaling upgrades, boosting Ethereum's market cap to over $301 billion.

USDT holdings in OKX user wallets decreased by $126.4 million, a 1.44% drop in June compared to May, amidst rising stablecoin interest. Despite this decline, OKX's reserves for USDT exceeded the number of assets held in customer wallets.

USDT, a leading stablecoin, has a market capitalization of approximately $157.61 billion and recent trading volume of $51.69 billion. Its significance in the digital currency market is underscored by its stable price of $1.00 and minimal 24-hour price fluctuation.

The U.S. Department of Justice is seizing over $225 million in USDT, linked to a 'pig butchering' scam tied to Heartland Tri-State Bank's collapse. The DOJ's investigation reveals a complex laundering network involving OKX, impacting stablecoin liquidity and market dynamics.