Senator Richard Blumenthal asked Tether and Nxum Group to clarify whether the two companies had discussed Tether acquiring an equity stake in Nxum Group

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Bicameral federal legislature of the United States, made up of the Senate and the House of Representatives, which writes law, controls federal spending and oversees the executive branch. Its two chambers represent states and districts on different terms and hold different constitutional powers.