Announcements Gate Research: Tether Freezes $344M USDT on TRON, STABLE Surges Over 50% in 24 Hours

Gate Research: Tether Freezes $344M USDT on TRON, STABLE Surges Over 50% in 24 Hours

2026-04-24 06:36:32 UTC 159 Read

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* **Market Commentary:** On April 24, BTC failed to sustain its breakout after rising to $79,469.8 and is now consolidating around $78,000, with reduced short-term volatility but continued disagreement at higher levels; ETH pulled back after reaching $2,423.61, found support near $2,250, and is currently trading above $2,320, entering a consolidation phase following its previous rally.
* **Trending Tokens:** Amid consolidation in major assets, capital rotated into mid- and small-cap tokens, boosting market activity. KAT rose 57.31% driven by narratives around on-chain applications and asset coordination; STABLE gained 51.11% as attention toward stablecoin infrastructure increased; GRND climbed 46.46% supported by momentum in community-driven and application-layer narratives.
* **Alpha Insights:** Aave collaborated with DeFi projects to manage spillover risks from the $292M KelpDAO exploit, highlighting industry coordination capabilities; a $71M fund freeze on Arbitrum sparked renewed debate over the “boundaries of decentralization” in Layer 2 networks; Tether froze $344M USDT on Tron, underscoring the ongoing trade-off between high liquidity and high controllability in stablecoins.

**Discover more details today** → <a href="https://www.gate.com/research/article/gate-research-tether-freezes-344m-usdt-on-tron-stable-surges-over-50-in-24-hours" target="_blank">Gate Research: Tether Freezes $344M USDT on TRON, STABLE Surges Over 50% in 24 Hours</a>

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Gate Research: Tether Freezes $344M USDT on TRON, STABLE Surges Over 50% in 24 Hours

Gate Research: Tether Freezes $344M USDT on TRON, STABLE Surges Over 50% in 24 Hours

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