The man who co founded the world’s largest stablecoin was arrested by Interpol in a Spanish villa with guns, machetes and child pornography His name is Brock Pierce If you’ve ever held USDT, the $140 BILLION stablecoin that settles more daily volume than Visa in some months you’ve used a product he co founded Brock Pierce was a Disney child actor. He starred in The Mighty Ducks, D2, and First Kid At 16 he met a 40 year old businessman named Marc Collins Rector Collins Rector was building Digital Entertainment Network. A pre YouTube streaming platform funded by David Geffen, Microsoft, and Dell They raised $60 MILLION and were planning a $75 MILLION IPO At 17 Pierce was VP at a base salary of $250,000 Pierce, Collins Rector, and Collins Rector’s boyfriend lived together in a 12,600 square foot mansion in Encino The mansion hosted parties attended by Hollywood’s A list: Bryan Singer, David Geffen and Gary Goddard DEN’s flagship show “Chad’s World” was co-written by Collins Rector, produced by Pierce, and targeted “gay and questioning teen boys” In October 1999 a young man filed a lawsuit alleging Collins Rector had sexually molested him for three years starting at age 13 The IPO collapsed In July 2000 three more former DEN employees filed a sexual abuse lawsuit naming Pierce, Collins-Rector, and Shackley together alleging rape, assault, drugging of minors and death threats Collins Rector was indicted for transporting minors across state lines for sex All three men fled to Spain Interpol arrested them in Marbella in 2002. Guns, machetes, and child pornography were found in the house Pierce was released without criminal charges. Collins Rector pleaded guilty to eight counts of child enticement and registered as a sex offender The civil lawsuits against Pierce were “dismissed and/or settled out of court.” He settled with at least one plaintiff for $21,600. He has consistently denied all allegations In 2014 Pierce co-founded Tether originally called Realcoin Tether became the largest stablecoin in crypto. By 2019 USDT was processing higher daily volume than Bitcoin itself Tether has never been audited by a Big Four firm. Their first audit attempt with Friedman LLP was abruptly disbanded in 2018 with no explanation In 2021 Tether settled with the New York Attorney General for $18.5 MILLION over misrepresenting their reserves The connections kept growing Pierce founded Blockchain Capital. In that role he helped Jeffrey Epstein become an early investor in Coinbase He spoke at Epstein’s “Mindshift” conference in 2011 - three years AFTER Epstein had been convicted of soliciting prostitution from a minor In February 2026 the US Department of Justice released emails from Epstein’s files. One email from Pierce to Epstein read: “a boat in Antigua full of amazing Ukraine’s finest” was waiting for him The system runs on USDT. USDT was built by Brock Pierce. And Brock Pierce has answered the same questions about the same allegations for a quarter century