Conduit Financial
1 storyMoving value through cross-border payment platform is the defining function of Conduit Financial, a cross-border payment platform. Conduit Financial does not rely on a single feature: stablecoin settlement infrastructure establishes the core, business virtual accounts handles the principal use case, and multi-currency treasury services adds specialization. Editorial attention should stay on local payout network and payment orchestration APIs. Security, regulatory or operating events matter when they affect Conduit Financial's handling of financial institution connectivity. Mentions of standalone wallets, exchanges, tokens and the underlying payment network connected with Conduit Financial are supporting context, not a reason to use this tag unless Conduit Financial's involvement is substantive.
Conduit sues Tether over $2.76 million in frozen stablecoins
Payments firm Conduit is taking Tether to court after $2.76 million in USDT was frozen for over a year. The case puts a spotlight on how stablecoin issuers handle wallet freezes and what happens to reserve interest during these lockups.