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Home/Markets & Investing/TETHER USDT · STABLECOIN REGULATION

Tether Wallet Removes Gas Token Requirements for 570 Million User Network

CN

Callum Nightshade

Tether USDT · Apr 14, 2026

Tether Wallet Removes Gas Token Requirements for 570 Million User Network

Source: DojiDoji Data Terminal

Users can now execute digital asset transfers without maintaining separate network-native gas tokens. This removal of fee friction is the central feature of tether.wallet, a new self-custodial application from Tether that supports USDT, USA‘, XAUT, and Bitcoin.

Related Brief1d ago
stablecoins

Hong Kong’s First Stablecoin Licenses Go Only to HSBC and a Single Fintech

Hong Kong’s first stablecoin licenses have been awarded exclusively to HSBC and Anchorpoint Financial, locking out non-bank crypto firms despite market expectations of broader access. The Hong Kong Monetary Authority granted the approvals under its new Stablecoins Ordinance, effective April 10, allowing the two firms to begin issuing stablecoins after finalizing operational setups. The regulator described its approach as 'small steps, quick progress,' aiming to test real-world applications and risk controls before expanding the program. Financial Secretary Paul Chan Mo-po emphasized that stablecoins should function solely as payment instruments, not investment products—a distinction that legally restricts their use in trading, lending, or yield-generating platforms. The classification sidelines them from capital markets and shapes how consumers and businesses can interact with the technology. A public register of licensed issuers is now live, meant to deter scams and verify legitimacy. Yet the decision to limit initial access to a global bank and a single fintech has drawn criticism. Analysts, including strategist Kenny Ng Lai-yin, called the outcome disappointing, noting that the move favors entrenched financial players over innovative entrants. The Hong Kong Monetary Authority’s cautious rollout may strengthen oversight, but it also delays the development of a diverse, competitive stablecoin ecosystem.

The application operates across the Ethereum, Polygon, and Arbitrum networks, as well as the Bitcoin mainnet and the Lightning Network. By enabling fee settlements directly in the asset being sent, Tether removes the requirement for users to hold additional assets to cover transaction costs.

Related Brief1d ago
central bank digital currency

Bank of Korea Nominee Ties Stablecoin Utility to Bank-Led Issuance

Small merchants will see a reduction in card fees through the implementation of bank-led digital payments. This efficiency is part of a broader digital money system proposed by Bank of Korea governor nominee Shin Hyun-song, who advocates for a framework centered on central bank digital currencies (CBDCs) and bank-issued deposit tokens. Shin conditionally accepts the use of Korean won stablecoins, provided they operate under strict regulation. To ensure compliance with existing financial rules, Shin supports a model where banks lead the issuance of these stablecoins. Under this framework, stablecoins are positioned to serve as tools for trading tokenized assets and supporting programming functions. These assets will coexist complementarily and competitively with deposit tokens within payment and settlement systems. The Bank of Korea is currently testing these mechanisms through Project Hangang, where nine commercial banks, including Kyongnam Bank and iM Bank, are trialing deposit tokens on wholesale CBDC infrastructure to reduce transaction costs for users. These lower costs specifically target areas where payment fees are currently high, resulting in lower card fees for small merchants.

This shift marks Tether's transition from a backend liquidity provider serving 160 countries to a direct consumer product. CEO Paolo Ardoino described the tool as — the People’s Wallet — designed to remove complexity while preserving self-custody.

Related Brief2h ago
cryptocurrency exchanges

HTX Trading Fees Drop to 0.02% for High-Volume Traders

High-volume traders on HTX can reduce their spot trading fees to 0.02% for maker positions. This tiered fee structure is determined by the volume of trades executed within a 30-day window. The default spot trading fee for users without a trading history is 0.2% for both makers and takers. Traders who execute trades worth over $500,000 in a month pay approximately 0.15%. For those trading over $100 million, maker fees drop to 0.02% and taker fees to 0.04%.

Private keys are signed locally on user hardware, ensuring users retain full ownership of their holdings. The platform also replaces complex wallet addresses with human-readable identifiers to reduce transfer errors.

Related Brief2h ago
venture capital

Kraken’s $13.3 Billion Valuation Reveals a 33% Markdown in Exchange Pricing

Kraken is now valued at $13.3 billion, a 33% markdown from the $20 billion valuation the exchange commanded during its November 2024 funding round. This figure was established by Deutsche Börse Group's $200 million investment in Payward Inc., Kraken's parent company. The transaction, which is expected to close in the second quarter of 2026 subject to regulatory approval, gives the Frankfurt-based stock exchange operator a 1.5% fully diluted ownership stake via a secondary market transaction. The investment cements a commercial partnership first announced in December 2025 to build a hybrid market infrastructure for traditional and tokenized assets. Kraken had originally planned a public listing for 2026, but the company has suspended those plans indefinitely, citing unfavorable market conditions.

Tether reports 570 million participants across its network as of March 2026.

Related Brief1d ago
cryptocurrency

The Clarity Act Targets Cryptocurrency Classification Ambiguities

Digital asset innovation and compliance now depend on the resolution of cryptocurrency classifications and their regulatory treatment. The U.S. Senate is reconvening to consider the Clarity Act to address these ambiguities. The legislative proposal seeks to establish a structured regulatory framework for digital assets.

Tether USDTstablecoin regulationstablecoin US legislationcrypto IRS rulingcrypto money laundering enforcementCoinbase

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