Tether has launched tether.wallet, a self-custodial mobile application designed to provide direct access to its financial ecosystem. The wallet supports Bitcoin (on-chain and Lightning), USDT, XAUT, and the new USAT across Ethereum, Polygon, and Arbitrum. Key features include gas abstraction, allowing users to pay transaction fees using the asset being sent, and human-readable @tether.me usernames. Tether, the issuer of the world’s largest...

Treasury Secretary Scott Bessent urged the Senate to pass the Digital Asset Market Clarity Act (CLARITY Act) to secure U.S. leadership in the digital finance sector. Bessent characterized cryptocurrency as a “technology the world is adopting,” noting that capital and talent are fleeing to jurisdictions like Singapore and Abu Dhabi due to regulatory gaps. The push for legislation comes as the window for bipartisan action narrows...