Hodler

Stargate Bridged USDT (Plume) | USDT

$1.0000

Coin info

Rank
#15557
Market Cap
$82,836
Volume (24h)
$138,425
Circulating Supply
82,768.37
Total Supply
82,768.37

Rank
Market Cap
Volume (24h)
Circulating Supply
Total Supply

Do you think the price will rise or fall?

Rise 40%

Fall 60%

Price perfomance

$0.00

$∞

Range 24H

$∞

Depth of Market

Depth +2%

Depth -2%

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News

7 May 2026, 12:02
Member of Malone Lam $250M crypto theft crime ring hit with 78-month prison sentence
A 20-year-old California man, Marlon Ferro “GothFerrari,” was sentenced to 78 months (~6.5 years) in federal prison for his role in a $250M crypto ring theft. Ferro, who was sentenced for breaking into homes to steal hardware wallets, was also ordered to pay $2.5 million in restitution. Court documents suggest that the syndicate stole more than $250 million in crypto between 2023 and early 2025. Members of the crime ring allegedly led by Singaporean Malone Lam were based in California, Connecticut, New York, Florida, and abroad. Meanwhile, Ferro was supposedly tasked with buying luxury handbags worth tens of thousands of dollars for Lam’s girlfriend after the boss was arrested and detained. Syndicate destroys the illusion of technological safety The vulnerability of digital assets often starts in the physical world, destroying the illusion of technological safety. In Ferro’s case, the syndicate’s ability to compromise iCloud accounts allowed them to track victims’ GPS locations in real time. That turned a digital heist into a physical threat, where Ferro acted as the “proverbial muscle” to seize hardware wallets when remote manipulation failed. Technically, the group did not need to crack private keys if they could trick the owners into handing them over through a fake support call or a spoofed security alert. The Ferro case unveils the grim reality of security in the crypto space: it is only as strong as the users’ individual footprints. Even “cold storage” (hardware wallets) could not protect assets once Ferro physically entered a victim’s home. The attackers often identified targets through their online presence, turning a display of digital wealth into a physical target. “Marlon Ferro served as the criminal enterprise’s instrument of last resort. When his co-conspirators couldn’t deceive victims into handing over access to their cryptocurrency or hack their way into digital accounts, they turned to Ferro to break into homes and steal hardware wallets outright.” -Jeanine Pirro , U.S. Attorney for the District of Columbia On the other hand, U.S. prosecutors noted the “cartoonish” nature of the syndicate’s spending on Rolls Royces, Birkin bags, and $500,000 nightclub tabs–all funded by the psychological undoing of their victims. It serves as a reminder that for these predators, crypto is not a difficult mathematical puzzle; it is just a high-stakes game of con artistry. The bottom line is that human nature cannot be patched. Even the most secure wallet in the world is only one “human error” away from being emptied as long as users can be tracked, tricked, or intimidated. FBI leads investigation conducted by U.S. Attorney’s Office The U.S. Attorney’s Office for the District of Columbia, the FBI Washington Field Office, and the Internal Revenue Service – Criminal Investigation, Washington Field Office conducted the investigation. The FBI’s Miami and Los Angeles field offices provided significant investigative and operational support. Law enforcement recovered a Glock 19 (9mm) pistol from Ferro. U.S. Attorney Pirro also stresses that this scheme combined online fraud with old-fashioned burglary to drain victims of millions of dollars in digital assets. Ferro’s case sends a clear message that crypto fraud is not a victimless, consequence-free crime carried out safely behind a screen. Rather, it is serious criminal conduct that will lead to federal prison. Meanwhile, the matter was prosecuted by the Assistant U.S. Attorneys Christopher Howland and David Liss. Former Assistant U.S. Attorney Will Hart provided valuable assistance. GothFerrari pleaded guilty on October 17, 2025, before Judge Colleen Kollar-Kotelly. On the other hand, Evan Tangeman was sentenced in April 2026 to 70 months in federal prison for his role in laundering approximately $263 million for a crypto theft ring. Tangeman pleaded guilty to laundering at least $3.5 million for the multi-state criminal enterprise. If you want a calmer entry point into DeFi crypto without the usual hype, start with this free video.
7 May 2026, 02:55
Bitget launches instant USDT QR payments in stores
🚀 Bitget now lets users pay with USDT by scanning QR codes in stores. This feature is live in Latin America and Southeast Asia. ✅ Critical data: over 2.2 billion people already use QR code payments, making the $USDT integration with QR networks a major step for real-world crypto adoption. Continue Reading: Bitget launches instant USDT QR payments in stores The post Bitget launches instant USDT QR payments in stores appeared first on COINTURK NEWS .
7 May 2026, 01:53
Bitget launches USDT QR payments for everyday offline purchases
Bitget has introduced a new “Scan to Pay” feature that allows customers to instantly pay in USDT by scanning QR codes at physical stores. The rollout aims to close the gap between daily spending and cryptocurrency holdings by focusing on areas with high QR use. Bitget implemented the feature in a few Latin American and Southeast Asian areas, where QR payments already account for the majority of daily transactions. The feature removes the need for retailers to modify their systems by integrating Scan to Pay with current local payment networks. The method eliminates the need for bank intermediaries by processing transactions instantaneously. Stablecoins shift toward everyday payment infrastructure globally According to Bitget, the feature transforms stablecoins from passive holdings into useful spending tools for users in supported markets. Without depending on regional financial systems, it offers travelers and cross-border users a uniform payment experience. The feature also enables merchants to settle transactions without being exposed to cryptocurrency volatility and accept payments without altering infrastructure. The deployment represents a broader shift in how digital assets function within financial systems as stablecoins gain popularity as a medium of exchange. Their usefulness extends beyond trading pairs to include payment rails that work in tandem with established networks. Bitget revealed that Scan to Pay within its UEX model brings cryptocurrency closer to everyday life by reducing the distance between owning and using digital assets by combining trading, assets, and financial services. The launch of the platform comes as the use of cryptocurrency is growing beyond trading platforms and into everyday financial use. This expansion is driven by the need for secure, easily accessible financial tools in emerging nations across Latin America and Southeast Asia. There is a chance for solutions that overcome usability gaps because billions of underbanked adults still depend on mobile payments. Crypto adoption expands beyond trading into daily payments Bitget created Scan to Pay to simplify the use of cryptocurrencies while conforming to well-known QR-based payment practices. With backend USDT conversion, users can complete transactions quickly by setting a payment PIN and scanning merchant QR codes. To make payments easier, the functionality eliminates bank transfers, off-ramping, and manual currency conversions. Gracy Chen, CEO of Bitget, stated that QR code payments are already widely used in the real world, with over 2.2 billion users worldwide. Chen added that cryptocurrency should logically fit into this system, as it aligns with regular spending patterns.
7 May 2026, 01:30
ZachXBT: $150 Million DSJ Crypto Ponzi Collapses, $41.5 Million Frozen
Crypto on-chain investigator ZachXBT said the DSJ Exchange, also known as DSJEX, and BG Wealth Sharing Ponzi scheme collapsed last week after allegedly drawing in more than $150 million. The case now carries a second, market-relevant dimension: a rapid cross-chain laundering attempt that moved more than $92 million in less than a week and triggered a coordinated freeze of over $41.5 million. ZachXBT said he helped lead an initiative involving Tether, Binance’s Security Team, OKX and US law enforcement after tracking the movement of funds between April 27 and May 3. According to his account, illicit actors attempted to obscure the money trail across multiple chains before a portion of the assets could be immobilized. “The $150M+ DSJ Exchange (DSJEX) / BG Wealth Sharing Ponzi scheme collapsed last week,” ZachXBT wrote on X. “From April 27 – May 3, illicit actors laundered $92M+ across chains to obscure the trail. I helped lead an initiative with Tether, Binance Security Team, OKX, & US law enforcement that has since frozen $41.5M+.” $150M Crypto Ponzi Collapses After Regulators Warned Investors According to ZachXBT, DSJ and BG had been operating since 2025, promoting daily returns of 1.3% to 2.6% alongside referral commissions and rank-based bonuses. He described DSJ as a fake trading platform and BG as the investment group tied to the scheme. A purported CEO, Stephen Beard, allegedly fronted the operation, while domains and hot wallets were rotated regularly in an apparent effort to evade enforcement. The crypto scheme’s recruitment engine, ZachXBT said, was built around social channels rather than sophisticated DeFi mechanics. Fake trading signals were allegedly pushed through a group on BonChat, a Hong Kong messaging app. He credited Dehek and BehindMLM for early coverage of the investment fraud. Regulatory warnings had already been piling up before the collapse. ZachXBT said 13 regulators across five continents had publicly warned about DSJ and BG, while US law enforcement seized one BG-linked domain, Bgwealthsharing.com, on April 23, 2026. The unraveling appears to have followed a familiar Ponzi pattern : withdrawals were disabled, then users were asked for more money. On May 2, ZachXBT said Beard posted a video claiming DSJ would soon pursue an IPO and demanded a 12% “tax” on account balances as part of a supposed regulatory process. “By this point, withdrawals had already been disabled,” ZachXBT wrote. The laundering trail, as described by ZachXBT, moved through several routes. Funds from DSJ and BG hot wallets were allegedly processed through Tokenlon swaps, Bridgers, Butter Network and USDT0 bridging, USDD wrapping and unwrapping, and consolidation across hundreds of addresses. He published multiple Ethereum and Tron hot wallet addresses tied to the investigation. The largest traced outflows, according to ZachXBT, went to Cobo-linked deposit addresses. He said he traced more than $93 million in outflows from consolidations to multiple deposit addresses between April 27 and May 3, with Cobo receiving $63 million in total. He also performed timing analysis to identify withdrawals, located Solana and Tron deposits to Binance, found matching Tron withdrawals, and provided those details to relevant parties. That work, he said, led to $38.4 million being frozen by Tether on May 4, with more than $3.1 million additionally frozen at various services and exchanges. ZachXBT framed the case as less technically complex than many crypto crime investigations, but still significant because of the scale of victims and the speed of the laundering attempt. “While these Chinese investment frauds are obvious to most, they purposely target unsophisticated retail investors via social media,” he wrote. “Reading through victim posts, many still seem to be in denial that they were scammed.” He advised victims of BG or DSJ to file police reports in their own jurisdictions, and directed US victims to IC3.gov. ZachXBT also cautioned that the $150 million estimate may understate the real damage, saying the figure is “likely significantly higher” because the scheme had been operating since 2025 and thousands of victim exchange withdrawals had been identified. At press time, the total crypto market cap stood at $2.68 trillion.
6 May 2026, 22:55
Bridge Executive Says Tether-Circle Duopoly Restricts Stablecoin Market Growth
BitcoinWorld Bridge Executive Says Tether-Circle Duopoly Restricts Stablecoin Market Growth MIAMI — The stablecoin market’s current structure, heavily concentrated around Tether (USDT) and Circle (USDC), is actively limiting competition and innovation, according to a senior executive from the stablecoin payments platform Bridge. Speaking at the Consensus Miami conference, Ben O’Neill, Head of Money Movement at Bridge, argued that the duopoly’s business models are not suitable for all payment use cases and could ultimately hinder the broader adoption of stablecoins. High Fees and Limited Competition O’Neill specifically pointed to the fee structures imposed by the two dominant issuers. He noted that Tether charges a redemption fee of approximately 10 basis points, while Circle has been consistently increasing its own fees. For payment companies processing high volumes of transactions, these costs accumulate quickly, creating a significant operational burden. ‘Without increased competition,’ O’Neill warned, ‘the established major players will likely continue to raise fees and will not share their profits with the ecosystem.’ Why the Duopoly Matters The stablecoin market has long been dominated by Tether, which holds the largest market capitalization, and Circle’s USDC, which is widely used in decentralized finance (DeFi) and regulated markets. While their dominance provides liquidity and stability, critics argue it also creates a bottleneck. Payment platforms and fintech companies that rely on stablecoins for cross-border transfers, settlements, or treasury management have limited alternatives, giving Tether and Circle significant pricing power. Impact on the Broader Stablecoin Industry O’Neill’s comments come at a time when the stablecoin sector is facing increased regulatory scrutiny in the United States and Europe. New frameworks, such as the EU’s Markets in Crypto-Assets (MiCA) regulation, aim to create a more competitive environment by setting clear standards for issuers. However, without a diverse range of compliant and cost-effective stablecoins, the industry risks becoming dependent on a few large players. This concentration could stifle innovation in payment solutions and slow the adoption of stablecoins for everyday transactions, where low fees are essential. Conclusion The warning from Bridge’s Ben O’Neill highlights a growing concern within the crypto payments industry: that the Tether-Circle duopoly, while providing market stability, may be acting as a barrier to the long-term growth and utility of stablecoins. As regulatory frameworks evolve and new competitors emerge, the pressure on these two giants to adjust their fee models and open up the market is likely to intensify. For businesses and consumers, a more competitive stablecoin landscape could mean lower costs and more innovative financial products. FAQs Q1: What is the main criticism of the Tether-Circle duopoly? The main criticism is that their market dominance allows them to charge high redemption and transaction fees without significant pressure to lower costs, which burdens payment companies and limits innovation in the stablecoin space. Q2: How do Tether and Circle’s fees affect payment companies? Payment companies processing large volumes of stablecoin transactions face cumulative costs from fees like Tether’s 10 basis point redemption fee and Circle’s rising charges. These costs reduce profit margins and can make stablecoin-based payment solutions less competitive compared to traditional systems. Q3: What could change the current stablecoin market structure? Increased regulatory clarity, such as the EU’s MiCA framework, and the entry of new, compliant stablecoin issuers could introduce more competition. This would likely force Tether and Circle to adjust their fee structures and share more value with the ecosystem. This post Bridge Executive Says Tether-Circle Duopoly Restricts Stablecoin Market Growth first appeared on BitcoinWorld .
6 May 2026, 22:49
Tether and Circle dominate $260 billion stablecoin market
🚨 Tether and Circle now control $260 billion in stablecoins. Their market dominance is making it harder for new players to innovate. Continue Reading: Tether and Circle dominate $260 billion stablecoin market The post Tether and Circle dominate $260 billion stablecoin market appeared first on COINTURK NEWS .

Stargate Bridged USDT (Plume) | USDT

Coin info

Rank

Market Cap

Volume (24h)

Circulating Supply

Total Supply

Rank

Market Cap

Volume (24h)

Circulating Supply

Total Supply

Do you think the price will rise or fall?

Price perfomance

Depth of Market

Depth +2%

Depth -2%

We recommend

News

Member of Malone Lam $250M crypto theft crime ring hit with 78-month prison sentence

Bitget launches instant USDT QR payments in stores

Bitget launches USDT QR payments for everyday offline purchases

ZachXBT: $150 Million DSJ Crypto Ponzi Collapses, $41.5 Million Frozen

Bridge Executive Says Tether-Circle Duopoly Restricts Stablecoin Market Growth

Tether and Circle dominate $260 billion stablecoin market

Top Markets

Stargate Bridged USDT (Plume) | USDT

Rank

Market Cap

Volume (24h)

Circulating Supply

Total Supply

Member of Malone Lam $250M crypto theft crime ring hit with 78-month prison sentence

Bitget launches instant USDT QR payments in stores

Bitget launches USDT QR payments for everyday offline purchases

ZachXBT: $150 Million DSJ Crypto Ponzi Collapses, $41.5 Million Frozen

Bridge Executive Says Tether-Circle Duopoly Restricts Stablecoin Market Growth

Tether and Circle dominate $260 billion stablecoin market