European Central Bank (ECB) President Christine Lagarde has called on policymakers to accelerate legislation targeting the risks posed by stablecoins. Speaking at the European Systemic Risk Board (ESRB) conference on Sept. 3, Lagarde warned that while stablecoins appear innovative, they reintroduce long-recognized financial vulnerabilities in new forms. According to her: “The categories of risk they […]
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Stablecoins should comply with the bloc’s regulatory standards before operating on EU soil, Lagarde argued.
The all-stock deal integrates AlloyX's technology, including a stablecoin application platform and RWA tokenization tools, into Solowin's ecosystem.
The crypto infrastructure provider focused on stablecoins said it's nearly tripled its valuation in six months.
Dalio sees no systemic risk from stablecoins but warns debt, politics, climate, and AI will spark major upheaval within five years.
Some might say they are boring, but stablecoins are becoming a lever on Treasury liquidity — and a source of debate over whether they steady or strain markets.
General Catalyst and PayPal Ventures co-led the Series A funding as Kite launches infrastructure to let AI agents transact at scale with on-chain settlement
Cardano founder Charles Hoskinson has outlined plans to pursue partnerships with major protocols, including Aave, Chainlink, and World Liberty Financial’s USD1 stablecoin. In an Aug. 31 Ask Me Anything (AMA) session, Hoskinson argued that such integrations are crucial for strengthening Cardano’s ecosystem and ensuring the blockchain remains competitive in the industry. He said: “I’d like […]
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Arthur Hayes argues that fiat decline drives stablecoin saving, funneling into crypto speculation—and Hyperliquid is the exchange built for that wave.
Bitfinex-backed Plasma announced a strategic partnership with EtherFi on Aug. 29, positioning the stablecoin-focused neobank as a day-one launch partner for the blockchain’s mainnet beta. EtherFi will transfer over $500 million from its Ethereum (ETH) staking vault to Plasma’s platform, providing liquidity for stablecoin-backed yield strategies. The collaboration integrates EtherFi across Plasma’s DeFi ecosystem, providing […]
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Tether abandoned plans to freeze its dollar-pegged USDT tokens on several older blockchains and is choosing instead to classify them as “unsupported,” according to an Aug. 29 statement. The change applies to networks such as Bitcoin Cash, Kusama, EOS, and Algorand, among others. Users will still be able to move tokens across wallets, but Tether […]
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The growth stems from USDe's unique value proposition as a yield-bearing, crypto-native stablecoin that generates returns through delta-neutral hedging strategies.
Stablecoin supply has grown to around $280 billion after the United States enacted the GENIUS Act in July. Those two tracks, policy and distribution, frame the question in front of the market: Can supply continue to grow from $280 billion to $500 billion by late 2026? Treasury has now opened a public comment window to […]
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Tether minted 1 billion in USDT on Wednesday, a move that market watchers say added fresh liquidity to crypto markets already moving higher. Related Reading: $160K Bitcoin By Christmas? Analysts Say It’s Still Possible Based on reports, the total crypto market cap bounced from an intraday low near $3.80 trillion to about $3.90 trillion on the same day, while Bitcoin traded around $112,300 and Ether reclaimed levels near $4,600. The minting stood out because it often signals ready cash that can be deployed quickly into exchanges and trading desks. Tether Minting Sparks Liquidity Flows New USDT issuance is frequently used to fund purchases, and the 1 billion issuance was flagged by on-chain trackers as a likely source of fresh buying power. Santiment and other trackers show that the number of addresses holding at least 1,000 BTC rose by 13 to about 2,085 since the start of August. At the same time, wallets holding at least 10,000 ETH increased by 48 to roughly 1,27. On August 26, US spot ether ETFs recorded about $450 million in net cash inflow, led by BlackRock’s ETHE with roughly $320 million that day. That pushed cumulative inflows into spot ether ETFs to near $13.30 billion, while US spot Bitcoin ETFs took in about $88 million with BlackRock’s IBIT posting roughly $45 million. The freshly minted USDT could be used by traders and desks to buy into Ether and other altcoins, matching the observable rotation from Bitcoin into alternative assets and ETF-linked demand. Whale Accumulation Intensifies Large holders were not the only sign of demand. Trading volumes and price moves showed altcoins gaining traction, but it was the flow of stablecoins that underpinned the story. When stablecoin supply rises, it lowers the friction for big buys: money can be moved to exchanges and executed faster than waiting for bank transfers. That operational detail helps explain why a billion mint draws attention even when headline prices are already climbing. The immediate effect of the mint was to give traders extra readily available cash. But liquidity injections are a two-sided event. They can push prices higher if buyers are aggressive, while concentrated buying and later profit-taking can cause sharp swings. Related Reading: Dogecoin Gears Up For Triple Surge Vs. Bitcoin – Details What Tether Minting Could Mean For Markets Market observers are watching liquidity, whale wallets, and ETF flows together because the mix determines whether a sustained capital rotation into altcoins will follow or if gains will be short lived. Tether’s 1 billion USDT mint was the clearest single signal of added spending power during Wednesday’s rebound. That supply, paired with heavy inflows into Ether ETFs and signs of whale accumulation, creates a setup where altcoin demand can grow quickly. Featured image from Meta, chart from TradingView
Treasury Secretary Scott Bessent’s endorsement of dollar-pegged stablecoins creates a pathway for up to $34 trillion to flow into decentralized finance protocols such as Ethena, Ether.fi, and Hyperliquid. Arthur Hayes reported in his Aug. 27 blog post that Bessent aims to redirect capital from the $13 trillion Eurodollar system and $21 trillion in Global South […]
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Mo, which has now raised almost $100 million in capital do far, declined to disclose its valuation in the funding round, according to the report
Tether confirmed on Aug. 28 that its flagship USDT stablecoin will be issued directly on Bitcoin via the RGB protocol. This marks the first time a major stablecoin is being deployed natively on the Bitcoin network rather than through sidechains or wrapped assets. Speaking on this move, Tether CEO Paolo Ardoino said: “Bitcoin deserves a […]
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Crypto firms collaborated with APAC-based law enforcement to freeze $46.9 million in USDT related to a "pig butchering" scam.
Tether will launch USDT on RGB, a Bitcoin-tied protocol compatible with Lightning, to further expand USDT beyond Tron and Ethereum.
Zhou questioned real benefits of stablecoin adoption, suggesting China's financial system is already making progress under centralization.
Dollar dominance thanks to stablecoins is pushing China to explore stablecoins, but capital controls limit the project to Hong Kong’s offshore renminbi market, where liquidity is thin.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Circle and financial software giant Finastra announced Wednesday a partnership to integrate USDC stablecoin settlement into the backbone of global banking infrastructure, a move aimed at modernizing cross-border payments long plagued by high costs and delays. The collaboration will connect Finastra’s Global PAYplus (GPP) platform, which processes more than $5 trillion in daily cross-border transactions, […]
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Integrating USDC into Finastra’s payments hub aims to cut costs and speed up international transfers.
Whale activity drove a 2.5x price spike on Hyperliquid's XPL pre-launch market, sweeping liquidity and triggering liquidations.
Aave Labs' Horizon platform enables stablecoin loans backed by tokenized U.S. Treasurys and institutional funds.
MetaMask introduced a social login feature on Aug. 26, allowing users to create and manage crypto wallets using Google or Apple accounts. According to the announcement, the initiative aims to eliminate the complexity of traditional 12-word seed phrases in its latest crypto adoption initiative. The self-custodial wallet service streamlined wallet creation into two steps: signing […]
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In this edition, I’m digging into why raising a crypto VC fund has gotten harder — even in a bull market — and what that means for the road ahead.
XRP is now on the verge of being integrated into the backing of USDe, the $11.8-billion stablecoin issued by Ethena Labs. The company’s risk committee recently confirmed that XRP has passed all thresholds required under its newly launched Eligible Asset Framework, which puts it alongside BNB and HYPE as top candidates for onboarding. XRP’s massive liquidity, its market capitalization of over $181 billion, and daily trading volumes comfortably above $10 billion now see it ready to take on a new role in the USDe ecosystem. Related Reading: Bitcoin’s Next Stop For 2025? $175,000, According To SOL Strategies Boss Ethena’s Eligible Asset Framework Ethena Labs, the company behind the USDe stablecoin, recently introduced the Eligible Asset Framework as a formalized system to expand the collateral options backing USDe. According to an announcement, the framework is based on specific thresholds that assets must meet before gaining approval. These thresholds include maintaining over $1 billion in average open interest across two weeks, daily spot trading volumes above $100 million, and perpetual futures volume exceeding $100 million per day. Liquidity requirements are also included, such as a spot order book depth of more than $500,000 and perpetual futures depth above $10 million on a two-week average. XRP has cleared all these requirements, which means that it is strong enough from a risk perspective to be considered as part of USDe’s perpetual futures collateral system. For years, XRP has maintained its status as one of the most liquid digital assets in the market. Its market capitalization, which is at $181.944 billion at the time of writing, has grown massively in the past year. This has seen it climbing in market cap ranks, and it is now sitting behind only Bitcoin and Ethereum. Beyond the numbers, XRP’s deep order books and global trading presence in exchanges in America, Europe, and Asia allow it to handle large transactions without disrupting price stability. This level of liquidity and depth makes XRP an ideal candidate for integration into USDe, which has already been minting hundreds of millions of dollars weekly. For instance, data shows that USDe mints were in excess of 670 million over the past week. What Does This Mean For XRP? According to Ethena, XRP, alongside HYPE, has only met all the thresholds and is a candidate for onboarding shortly. Only BNB has been approved as the first new eligible asset for the perpetual futures portion of the collateral backing of USDe. If Ethena formally onboards XRP for onboarding, it would become an important expansion of XRP’s utility. It might not be the update expected by XRP holders, but this development could open a new chapter in the cryptocurrency’s utility and adoption. Related Reading: Crypto Strategist Sounds The Alarm: Bitcoin Surge Could Clash With Fed Reserve Goals Simultaneously, Ripple’s US dollar-pegged RLUSD, has had its own success in the stablecoin market. So far, RLUSD has crossed a market capitalization of approximately $680 million within its first seven months and continues to grow. Moreover, Ripple is extending RLUSD’s global presence by partnering with SBI VC Trade to bring it to the Japanese market by early 2026. At the time of writing, XRP is trading at $3.02, up by 6.5% in the past 24 hours. Featured image from Virtune, chart from TradingView
Ethena Labs has expanded the list of eligible assets to support its synthetic dollar, USDe, by approving BNB, XRP, and Hyperliquid’s HYPE. The move is part of a new Eligible Asset Framework that sets clear benchmarks for which tokens can be used in the stablecoin’s collateral system. Liquidity concerns According to the Ethena Risk Committee, […]
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