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Pornhub drops USDT for USDC

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Pornhub drops USDT for USDC

Adult website Pornhub is no longer accepting tether (USDT) for payouts and is now switching to Circle-issued USDC instead.

That’s according to OnlyFans content creator Gracie Hartie, who shared a screenshot of an email Pornhub allegedly sent out clarifying the change. 

In the screenshot, Pornhub claims that it was switching from USDT to USDC to make payouts “more reliable.” 

It added that “USDC is a fully-backed, MiCA-compliant and regulated stablecoin, making it a more secure option for your earnings.” 

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The email Hartie received from Pornhub was also received by a Japanese trader.

Read more: Tether challenges USDC Solana hegemony with $127.5M Drift bailout

“It’s pegged 1:1 to the US dollar,” Pornhub stated, adding that it “works just like USDT on the ERC-20 network.”

Pornhub’s model program page no longer lists USDT as a payment method. Instead, it lists USDC and other payment methods, including Paxum, Verge, and Cosmo.

Pornhub made USDT its choice for payouts on its site in 2020 following PayPal’s decision to cut ties with the platform.  

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It said at the time, “Since PayPal’s decision to stop payouts to thousands of Models two months ago, we’ve been hustling to…offer you more options.”

As part of Pornhub’s stablecoin integration of USDT the company used Justin Sun’s TronLink wallet for the payments. This infrastructure partnership between Pornhub and Sun no longer appears on Pornhub’s model program.

Before USDC cucked USDT, USDT cucked USDC

Earlier this month, another USDT/USDC switch occurred when USDT stepped in to help the hacked Drift Protocol with a $127.5 million bailout. 

Drift was drained for around $285 million after its team was infiltrated, likely by North Korean-linked hackers who compromised a multisig wallet.

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This bailout deal, however, meant that Drift would “transition its settlement asset from USDC to USDT.”

Read more: Inside the $280M Drift hack: weeks of setup, minutes to drain

Protos has reached out to Pornhub and Tether for comment and will update this piece should we hear anything back.

Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on XBluesky, and Google News, or subscribe to our YouTube channel.

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Crypto World

New York Sues Coinbase, Gemini Over Unlicensed Markets

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New York State, Polymarket, Kalshi, Prediction Markets

New York’s attorney general has filed lawsuits against crypto exchange operators Coinbase Financial Markets and Gemini Titan for allegedly violating state gambling laws, according to court records cited by Reuters.

Copies of the complaints show the state alleges both exchanges failed to obtain licenses from the New York State Gaming Commission to operate their markets, Reuters reported

“Gambling by another name is still gambling, ​and it ​is not ⁠exempt from regulation under our state laws and Constitution,” Attorney General Letitia James said in a statement.

James said the lawsuit seeks to recover alleged illegal profits from operating prediction markets in the state, as well as restitution, and would bar Coinbase and Gemini from offering such products to individuals under 21 years of age.

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New York State, Polymarket, Kalshi, Prediction Markets
Source: Office of New York State Attorney General

Related: Polymarket in talks to raise $400M at a $15B valuation: Report

State regulators crack down on prediction markets

The move fits into a broader push by state regulators, including New York, to assert control over prediction markets, which occupy a fast-growing corner of crypto commerce that allows users to bet on real-world events.

Much of the recent scrutiny has centered on platforms like Polymarket and Kalshi, which have drawn questions over whether their products fall under financial regulation or gambling laws.

The tension has also reached the federal level. The Commodity Futures Trading Commission (CFTC) has taken legal action against several states attempting to regulate prediction markets, arguing it has sole authority over the sector.

New York’s lawsuit underscores a key risk for crypto companies. Even as the federal stance has softened, state-level enforcement remains active. By targeting prediction-style markets, regulators may be opening a new front — one that could force platforms to rethink how these products are offered in major jurisdictions.

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Nevertheless, not every company is taking it lightly. As Cointelegraph reported, Polymarket has filed a lawsuit against Massachusetts, arguing the state lacks authority to regulate prediction markets approved by the CFTC.

New York State, Polymarket, Kalshi, Prediction Markets
Source: Neal Kumar, chief legal office, Polymarket

Related: NYSE parent ICE completes new $600M investment in Polymarket