Crypto News Today, September 12 – Bitcoin Crosses $115K, SOL Price Surges To $238 And BNB Hits A New ATH: Best Crypto To Buy Now?

Tether, the world’s largest stablecoin issuer, has announced USA₮, a planned U.S.-regulated dollar-backed stablecoin, alongside the appointment of Bo Hines as CEO of Tether USA₮. The move signals Tether’s intent to strengthen U.S. dollar dominance in the digital economy through transparency, compliance, and innovation.

Tether’s flagship token, USD₮, already holds a market cap above $169 billion and supports nearly 500 million users globally, often serving underbanked communities. With USA₮, the company aims to build on this success by offering a U.S.-regulated stablecoin compliant with the recently enacted GENIUS Act, designed to ensure transparency and strong governance.

USA₮ will be issued by Anchorage Digital, the only federally regulated crypto bank, with Cantor Fitzgerald as custodian.

According to Tether, the token will set a new benchmark for compliance and accessibility, reinforcing the U.S. dollar’s role in global finance while expanding adoption in the regulated digital asset market.

The price of the Ondo Finance token increased by 12% in the last 24 hours, reaching $1.13 on September 12, 2025. The rally follows massive hype around tokenized U.S. stocks and ETFs launched through Ondo Global Markets.

The surge positions ONDO as a leader in the booming real-world assets (RWA) sector, with growing institutional partnerships and retail momentum pushing it into the spotlight as traders eye higher year-end price targets.

ondo

Price

Market Cap

ONDO

$11.03B

24h7d1y

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JP, co-founder of THORChain and Vultisig, has reportedly lost around $1.3 million in a sophisticated conference call scam carried out by North Korean hackers. The exploit, revealed by blockchain investigator @zachxbt, highlights a striking irony: JP’s projects have previously been linked to facilitating money laundering for DPRK-linked groups.

Adding to the controversy, JP recently defended North Korea’s right to hack and exploit teams during a documentary on the Bybit hack.

Reuters poll of 107 economists shows near-unanimous agreement that the U.S. Federal Reserve will cut interest rates by 25 basis points at its September 17 meeting, lowering the federal funds rate to 4.00%-4.25%. Weaker labor market data, including stalling job growth in August and a major downward revision to prior employment figures, has shifted expectations firmly toward monetary easing despite inflation risks.

Markets have fully priced in a September cut and now expect at least three reductions this year, compared to just two forecast weeks ago. While most economists anticipate another 25-basis-point cut in the fourth quarter, some see the possibility of a larger 50-basis-point move.

By year-end, forecasts split between a total of 50 bps and 75 bps of cuts. Looking ahead, analysts expect further easing in 2026, with rates potentially falling to 3.00%-3.25% as the Fed prioritizes labor market stability.