Tether has officially settled all claims related to the Celsius bankruptcy case, resolving a long-running dispute between the stablecoin issuer and the collapsed crypto lender.
Tether is pleased to have reached a settlement of all issues related to the Celsius bankruptcy.
— Paolo Ardoino (@paoloardoino) October 14, 2025
The agreement closes one of the final legal challenges stemming from Celsius’s 2022 bankruptcy filing, which followed its liquidity crisis and loan liquidations during extreme market volatility.
Meanwhile, Wall Street broker Bernstein said Circle (CRCL) could face a revenue hit if U.S. interest rates fall sharply, though strong stablecoin demand and operating efficiency may cushion the impact.
Every 25 basis point rate cut would reduce 2027 revenue by roughly 9% and EBITDA by 11%, Bernstein estimated, projecting EBITDA of $668 million and a 33% CAGR from 2024–2027 in a sub-2% rate environment.
Despite rate sensitivity, analysts expect Circle’s USDC to expand its market share to 33% by 2027 as stablecoin adoption grows, with total industry supply reaching about $670 billion. Circle’s operating margins are projected to widen to 51% by 2027, driven by higher DeFi demand and rising integration revenue.