Senate Democrat seeks Tether records over reported Nxum deal

A Democratic ranking member of the Senate Permanent Subcommittee on Investigations has asked Tether CEO Paolo Ardoino for records tied to a reported deal between Tether and Nxum, a firm linked to a former Trump crypto adviser. The probe adds congressional scrutiny to the largest stablecoin issuer, raising questions about counterparties and disclosure. Traders should watch for any request for formal testimony or documents that could pressure USDT confidence or Tether's US access.