Tether lawsuit challenges stablecoin issuers’ right to freeze and seize

Homepage > News > Business > Tether lawsuit challenges stablecoin issuers’ right to freeze and seize Tether is taunting stablecoin rival Circle (NASDAQ: CRCL) over the latter’s new football deal, while a new lawsuit is challenging Tether’s right to freeze and seize users’ tokens. USDChelsea leads to USDTaunting Tether sued by alleged pig butcherers who want their USDT unfrozen Argentines find it’s getting cheaper to trade pesos for stablecoins IMF warns of stablecoin threat to emerging economies New global bank consortium plans G7 currency stablecoins On August 28, Circle Internet Group (NASDAQ: CRCL) announced that it had struck a deal to become a Principal Partner and official front-of-shirt partner of the English Premier League’s (EPL) Chelsea Football Club. Terms of the deal, which coincided with Chelsea’s first match of the 2026-27 EPL season against Brighton last Sunday (a 4-3 victory for the Blues), weren’t disclosed. The deal breaks new ground as the message ‘USDC by Circle’ will feature prominently on the front of Chelsea’s Men’s, Women’s, and Academy shirts, marking the first such stablecoin appearance in the world’s biggest professional sports league. It doesn’t...