emergencyBreaking NewsA 5.6% home price jump in West Hartford reshapes what buyers must earn to keep paceSimsbury home values rose 5.9 percent over the past yearCrypto Market Structure Legislation Faces a Summer DeadlineFarmington Home Values Rise 6.4 Percent Over Last YearAI Impersonation Drives $12.5 Billion in Consumer Fraud LossesA 5.6% home price jump in West Hartford reshapes what buyers must earn to keep paceSimsbury home values rose 5.9 percent over the past yearCrypto Market Structure Legislation Faces a Summer DeadlineFarmington Home Values Rise 6.4 Percent Over Last YearAI Impersonation Drives $12.5 Billion in Consumer Fraud Losses
DoiDoi
Credit & Lendingexpand_more
Credit CardsPersonal LoansStudent Loans
Markets & Investingexpand_more
Stocks & ETFsCrypto & BlockchainFed & Macro
Retirement & Benefitsexpand_more
401(k) & IRASocial SecurityRetirement Policy
Real Estateexpand_more
Mortgage RatesHousing Market
Financial Foundationexpand_more
Budgeting & SavingInsurance
Latest News
MarketsPortfolio
The Digital Ledger
Credit & Lending
Markets & Investing
Retirement & Benefits
Real Estate
Financial Foundation
Latest News
Dashboards

Institutional Financial Analysis

Home/Markets & Investing/CRYPTO MONEY LAUNDERING ENFORCEMENT · CRYPTO IRS RULING

Tether's New Wallet Moves the Company From Backend Infrastructure to Direct Consumer Payments

LF

Logan Fitzgerald

crypto money laundering enforcement · Apr 15, 2026

Tether's New Wallet Moves the Company From Backend Infrastructure to Direct Consumer Payments

Source: DojiDoji Data Terminal

Users can now pay network fees using the asset they are transferring, removing the requirement to hold separate gas tokens. This is part of the launch of tether.wallet, a self-custodial mobile app that supports Bitcoin, USDT, USAT, and XAUT. The app replaces complex wallet addresses with human-readable usernames such as [email protected] to simplify digital payments.

Related BriefJust now
defi regulation

Non-custodial DeFi interfaces avoid broker-dealer registration costs

Users face fewer regulatory barriers to accessing decentralized trading services. This shift follows a staff statement from the SEC Division of Trading and Markets establishing an exemption for 'Covered User Interfaces.' These are software tools, including wallet apps and browser extensions, that convert user inputs into executable code for self-custodial wallets. To qualify, these interfaces must not hold user funds, control transactions, or route orders. Providers cannot receive transaction-based compensation, offer investment advice, or solicit specific trades using endorsements such as 'best price.' They must charge fixed neutral fees agnostic to products or venues. Required compliance includes providing disclosures of conflicts and cybersecurity measures and objectively vetting connected trading systems for liquidity and security. Developers of non-custodial, permissionless interfaces can now operate without the cost and complexity of broker-dealer registration. This non-binding interim measure is effective for five years unless withdrawn.

To support these transactions, the wallet operates across Ethereum, Polygon, Arbitrum, and the Bitcoin Lightning Network. While the app is fully non-custodial—meaning transactions are signed locally on the device and private keys remain under user control—it introduces a cloud backup option for private keys. Tether has not yet clarified if this backup feature can be disabled.

Related Brief2h ago
enterprise banking

SoFi integrates stablecoins into FDIC-insured enterprise banking

Enterprises can now manage fiat, crypto, and stablecoin assets through a unified, FDIC-insured solution with real-time API payments. The capability is part of the Big Business Banking platform launch from SoFi. The system integrates the SoFiUSD stablecoin and uses a partnership with Mastercard for payment processing. The platform enables real-time payments through the integration of Galileo technology with the FedNow Service to facilitate rapid transfers between SoFi and other U.S. banks.

Until now, most users interacted with Tether's infrastructure, which currently reaches 570 million people worldwide, indirectly through exchanges or third-party platforms. By providing a direct touchpoint, Tether is shifting from its role as a backend infrastructure provider to a direct consumer-facing platform.

Related BriefJust now
digital assets

Goldman Sachs captures fee revenue by reengineering Bitcoin for cash flow

Investors in the Bitcoin Premium Income ETF will receive regular income distributions and reduced volatility, but their gains are capped if Bitcoin's price surges past strike prices. This income is generated by selling call options on existing Bitcoin ETPs. The fund's hedge coverage ranges from 40% to 100% to balance risk and yield. To comply with the Investment Company Act of 1940, Goldman Sachs routes Bitcoin exposure through a Cayman Subsidiary. This differs from BlackRock's comparable product, which operates under the Securities Act of 1933. The fund avoids holding Bitcoin on its balance sheet entirely by building on top of existing products like BlackRock's IBIT. Goldman Sachs filed to launch the ETF to meet demand from wealth management clients. This shift follows a near 40% reduction in Goldman's holdings of spot Bitcoin and Ether ETFs. Goldman Sachs currently holds over $1 billion in third-party spot Bitcoin ETFs from BlackRock and Fidelity. By manufacturing its own yield-focused product, Goldman Sachs captures fee revenue it currently sends to other issuers.

crypto money laundering enforcementcrypto IRS rulingTether USDT

The Ledger Morning

The essential intelligence to start your trading day. Delivered 6:00 AM EST.

Join 50,000+ professionals who start their day with The Digital Ledger.

No spam. Unsubscribe anytime.

Read More Analysis

Ripple XRP SEC

Crypto Market Structure Legislation Faces a Summer Deadline

Digital assets currently operate in a regulatory grey zone where regulators use enforcement actions rather than written …

crypto IRS ruling

AI Impersonation Drives $12.5 Billion in Consumer Fraud Losses

Consumers lost $12.5 billion to fraud patterns driven by AI-generated voices, photos, and videos. Investment scams, many…

DoiDoi

© 2026 DojiDoji. All rights reserved.

EditorialEditorial GuidelinesCorrections
LegalPrivacy PolicyTerms of Service
DisclosureSEC DisclosuresAd Choice
SocialX (Twitter)LinkedIn