The debate over stablecoin rewards seems to be the final stumbling block to Congress passing the Clarity Act.
Kulipa helps fintechs and wallets issue white-label stablecoin payment cards without managing card operations themselves.
Tether has let go of two former HSBC metals traders months after hiring them to build out its gold trading desk.
The bank maintained its $2 trillion stablecoin market cap forecast by 2028 amid a sharp increase in turnover from use cases like AI payments.
Tether previously relied on monthly attestations from BDO Italia, which fall short of the full audit now planned with KPMG.
FT identifies KPMG as auditor as stablecoin giant eyes fundraising and expansion under new U.S. rules
USDT0 tokens are minted using LayerZero's Omnichain Fungible Token standard and maintain a 1:1 backing with USDT.
Circle shares fell about 20% on Tuesday amid reports that draft provisions in the CLARITY Act could limit rewards.
The supply of non-USD stablecoins hit $1.1 billion in February, while aggregated transfer volume surged over 1,600%.
Bitget Wallet launched the Onchain Payments Matrix, connecting Ripple, Mastercard, and Tether within a global stablecoin payments network.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Circle Internet Financial, the issuer behind the USDC stablecoin — the second-largest dollar-pegged cryptocurrency — saw its stock, CRCL, tumble 22% on Tuesday to $98 as lawmakers reportedly moved to tighten rules around stablecoin yields. The selloff followed reports that a revised draft of the Senate Banking Committee’s CLARITY Act would broadly prohibit platforms from offering yield “directly or indirectly” for holding stablecoins or assets that function like bank deposits. Circle Revenue Model At Risk? The proposed restriction, reported by Crypto in America journalist Eleanor Terrett, is written to cover digital-asset service providers and their affiliates — exchanges, brokers, and similar firms — in an effort to close potential workarounds. Under the draft language, firms would be barred from providing anything “economically or functionally equivalent” to interest on stablecoin holdings. Related Reading: Bitcoin Expert Predicts ‘Golden Entry Window’ For Next Bull Market In October 2026 If they were to materialize over the long term, the implications for Circle would be immediate and substantial. Circle derives approximately 96% of its revenue from interest earned on USDC reserve assets. If platforms are prevented from offering yield or if demand for USDC softens because consumers and institutions cannot earn returns, Circle’s core revenue stream could be materially weakened. The fallout was not limited to Circle. Coinbase (COIN), the largest US-listed crypto exchange, also experienced significant pressure, trading down roughly 21% to about $179 at the time of writing. Tether’s Big‑Four Audit Move In a Tuesday post on the social media platform X, Terrett also pointed out that Tether’s latest move may have amplified the crash in Circle’s stock. Circle’s competitor recently announced that it had hired a Big Four accounting firm to audit its USDT reserves for the first time. Related Reading: Strategy Discloses $42 Billion Fundraising Plan To Hit 1 Million Bitcoin Target By End Of 2026 Tether framed the engagement as a major step toward enhanced transparency and regulatory readiness, saying the audit would provide “deep assurance that USDT is fully backed, highly liquid, and operated with world-class risk management.” Featured image from OpenArt, chart from TradingView.com
Tether has hired a Big Four accounting firm for its first full USDT stablecoin audit after years of scrutiny over its reserves.
PayPal has expanded access to its PYUSD stablecoin to 70 markets, enabling wallet access, transfers, and rewards for eligible users.
Circle’s USD Coin (USDC) has officially unseated Tether’s USDT in transfer volume for the first time in seven years. The shift marks a defining moment for digital assets, cleanly splitting stablecoin leadership into two distinct categories: total supply and transactional velocity. While Tether remains the undisputed heavyweight in the stablecoin market, USDC has become the […]
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Japanese investment bank Mizuho remains neutral on Circle, but lifted it price target to $120 from $100.
USDC is the more popular option when it comes to everyday, real-world applications, the research analysts said.
The issuer behind the USDT stablecoin joined a $5.2 million funding round for Ark Labs, backing software that could let stablecoins move and settle on Bitcoin rails.
The funding coincides with Arkade adding support for digital assets, including infrastructure designed for stablecoins like USDT on Bitcoin.
KAST has raised $80 million in a Series A led by QED Investors and Left Lane Capital, valuing the startup at $600 million.
Earlier this week, Tether also invested in the sleep-technology startup Eight Sleep, at a $1.5 billion valuation.
Tether has landed a Big Four accounting firm’s name on a reserve report tied to its US strategy. On Feb. 27, Deloitte issued an independent accountant’s report on Anchorage Digital Bank’s “USAT Reserve Report,” an attestation covering USAT, a US dollar token issued by Anchorage Digital Bank, National Association, in collaboration with Tether. The development […]
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The firm behind the $183 billion USDT stablecoin is expanding beyond its crypto roots to longevity and artificial intelligence.
FATF flagged AML risks from peer-to-peer stablecoin transfers, pointing to freeze and deny-list controls as potential safeguards.
The report is a third-party attestation, which provides a snapshot of reserves at a specific point in time, rather than a full audit of the company's finances.
USAT CEO Bo Hines has said Tether could become one of the top 10 buyers of U.S. Treasury bills this year as demand for stablecoins grows.
Barclays has previously invested in stablecoin settlement infrastructure and consortium efforts, signaling an infrastructure-first approach rather than direct token issuance.
The online marketplace said it will embed Tether's crypto wallet tools and USDT, USAT tokens to power crypto payments for over 18 million users.
The Fellowship political action committee promised $100 million, with reports that Tether may have been tied as a backer, but the fund has so far delivered zero.
Tether has taken a stake in Whop as the marketplace adopts its WDK to enable USDT and USAT onchain creator payouts.