The bank's analysts said the GENIUS Act has fueled a 42% jump in stablecoin growth this year, with Circle’s USDC chipping away at Tether’s dominance.
The crypto firm behind the largest stablecoin has been accumulating bitcoin alongside gold over the past few years.
Aster, the decentralized perpetuals exchange with backing from Binance founder Changpeng Zhao, generated more revenue than Tether in the last 24 hours. According to DeFiLlama data, Aster ranked as the highest revenue-generating protocol in the past 24 hours, surpassing Tether and Circle, the two leading stablecoin issuers. Over the last week, the exchange recorded roughly […]
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Platforms like M^0 and Agora are addressing the issue by allowing stablecoin infrastructure to be built to route yield to applications or directly to end users.
The industry’s largest stablecoin issuer, Tether (USDT), is reportedly in discussions with a series of leading firms including SoftBank Group and Ark Investment Management, for a significant funding round aimed at raising between $15 billion and $20 billion. This capital influx could potentially value the company at an astonishing $500 billion. Bloomberg News first reported these developments, indicating that Tether is exploring private placement opportunities to solidify its position in the market. SoftBank And Ark Invest’s Potential Involvement Per the report, the involvement of SoftBank and Ark could significantly enhance Tether’s credibility in the eyes of mainstream investors, particularly as the company seeks to overcome previous scrutiny regarding its role in the cryptocurrency ecosystem. Amidst this search for funding, Tether is also expanding its investment horizons beyond digital assets, venturing into sectors such as artificial intelligence (AI), telecommunications, cloud computing, and real estate. Related Reading: Dogecoin (DOGE) On The Brink Of A Major Breakout: 800% Rally In Sight Adding to the momentum, Tether recently appointed Bo Hines, a former advisor to President Trump on cryptocurrency matters, as CEO of its US division. This move aligns with Tether’s vision to establish a new operation in the US, adhering to the new regulatory environment, particularly following the introduction of a new dollar-pegged cryptocurrency aimed at businesses and institutions, dubbed “USAT.” Tether And US Regulatory Standards As NewsBTC reported recently, the new token adheres to the regulatory framework established by the GENIUS Act, the first stablecoin legislation signed into law by President Trump, highlighting Tether’s focus on aligning with US regulatory standards. Related Reading: Expert Prediction: Bitcoin Price Could Hit $200,000 By June 2026, Claiming 50% Probability Paolo Ardoino, Tether’s CEO, noted that the firm’s USDT stablecoin serves as a crucial financial tool for millions in emerging markets, showcasing how digital assets can foster trust, resilience, and financial freedom on a global scale. Featured image from DALL-E, chart from TradingView.com
The USDT stablecoin issuer is reportedly looking to raise up to $20 billion at a valuation of $500 billion, which would make it one of the most valuable private companies in the world.
Tether is in talks with investors to raise as much as $20 billion at around a $500 billion valuation, Bloomberg reported this week.
A network of crypto wallets connected to Russian state-linked entities helped move more than $8 billion in digital assets to bypass Western sanctions, according to a Sept. 26 report from blockchain analytics firm Elliptic. The findings draw from a trove of recently leaked data exposing how sanctioned Russian businesses relied on stablecoins—particularly Tether’s USDT—to sustain […]
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The stablecoin market has surged to a record high, crossing the $300 billion milestone after months of steady expansion in 2025. Data from CoinMarketCap shows that the total supply now stands at $307 billion, cementing stablecoins as one of the fastest-growing segments of the crypto sector. Other data providers confirm the upward trajectory, though with […]
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Plasma has launched its mainnet beta with more than $2 billion in stablecoin liquidity while also debuting its native token XPL.
The USDT supply redistribution reflects evolving user preferences, particularly as traditional finance increasingly adopts stablecoin rails.
Following a period of intense volatility and a significant price movement, Bitcoin’s market is now experiencing a predictable consolidation phase, characterized by what traders call intraday chop. This is not a sign of weakness but rather a natural and often necessary stage in any market cycle. A Necessary Foundation For The Next Move In an X post, a dedicated crypto enthusiast, Uniswap Gems, provided a clear-eyed view of Bitcoin’s current price action, stating that the market is in a predictable phase of intraday chop after a period of extreme volatility. Related Reading: Countdown To ‘Bitcoin Bottom Day’: Why September 21 Could Change Everything Uniswap Gems noted that the recent huge, volatile move caught many traders off guard. As a result, the market is now in a period of consolidation. This chop is a sideways price movement within a tight range, which is often needed to establish a solid bottom after a sharp price swing. He cautions that this phase could last for the next 2 to 3 days, making it a difficult environment for those looking for quick directional trades. For a bullish trend to resume, BTC needs to flip $113,000 into a support level. If this happens, it could set the stage for a retest of the $115,000 range. However, if BTC fails to hold its current levels and makes new local lows, Uniswap Gems expects a more significant drop all the way down to sub $105,000, which would be a decisive move to the downside. Analyst Philakone, a crypto investor and day trader, has issued a stark reminder about the inherent volatility of BTC and historical price action in bear markets. His analysis focuses on the severe drawdowns that have consistently followed previous all-time highs. According to Philakone, BTC price has a historical tendency to drop between 75% to 85% from its peak during a bear market. This is a crucial point that he believes many people struggle to grasp, especially after a prolonged bull run. However, if BTC’s all-time high for the current cycle reaches $125,000, a 75% drop would bring the price down to a mere $30,000. Market Still Fragile Despite Heavy Liquidations Crypto trader known as KillaXBT has adopted a highly cautious stance on the BTC market. For the first time in a while, the expert is fading this BTC dip despite a massive liquidation event of 1.5 billion. His decision is based on a technical analysis of a key market indicator of the USDT dominance chart. Related Reading: Bitcoin Price Retreats Lower Again – Is This Just a Healthy Dip? KillaXBT explains that the USDT.D (Tether Dominance) chart is showing concerning signals. If it breaks above its Equal Highs (EQHs), it could lead to a bigger drop in price. Due to this analysis, he has decided not to open any position in the market and is not looking for either long or short trades. Featured image from Pixabay, chart from Tradingview.com
Tether, the issuer of the world’s largest stablecoin by market capitalization and trading volume, USDT, is reportedly seeking to raise between $15 billion and $20 billion through a private placement, potentially elevating the company’s valuation to around $500 billion. As recent reports highlighted on Tuesday, this ambitious financial maneuver could position Tether alongside some of the most prominent private enterprises, including OpenAI, which was valued at $300 billion during its recent fundraising round. Tether Explores Fundraising Options The transaction would reportedly involve offering new equity rather than existing shareholders selling their stakes. Sources familiar with the situation told Bloomberg that discussions are still in the preliminary stages, meaning the specifics of the deal, including the total amount raised, could evolve over time. Related Reading: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump? Despite facing scrutiny in the past, including accusations of being a preferred currency among criminals, Tether is now focusing on expanding its presence in the US market. In recent months, the company has taken significant steps to enhance its operations in the United States, particularly in light of a more favorable regulatory environment under President Donald Trump’s pro-crypto policies. New US Division And Stablecoin Earlier this month, Bitcoinist reported that the stablecoin issuer appointed President Trump’s former White House crypto advisor, Bo Hines, as CEO for its US division and launched a new dollar-pegged cryptocurrency designed for businesses and institutions, called “USAT.” Related Reading: Why Aren’t Institutions Adopting XRP ‘Massively’? Pundit Answers This new token adheres to the regulations set out in the GENIUS Act — the country’s first stablecoin bill signed by President Trump — thereby further solidifying Tether’s commitment to compliance and growth in the American market. As Tether’s CEO, Paolo Ardoino, stated: For over a decade, Tether – as the creator of the stablecoin industry – has issued USDT, the backbone of the digital economy, and today the US dollar stablecoin for hundreds of millions of underserved people living in emerging markets, proving that digital assets can deliver trust, resilience, and freedom on a global scale. Featured image from DALL-E, chart from TradingView.com
The talks of the deals are in early stages and prospective investors have been given access to a data room over the past few weeks, Bloomberg reported.
Tether, the leading stablecoin issuer, could become about as valuable as Sam Altman's OpenAI and Elon Musk's SpaceX.
A BYD Dolphin Mini sold for USDT in a BRICS country highlights the irony of China’s de-dollarization drive, where the yuan is sidelined to academic theories about a post-U.S. order, while crypto-dollars power real-world trade.
Without significant expansion, the new wave of stablecoin launches may simply redistribute market share rather than grow the pie, said the bank.
The emerging competition is likely to be a “zero-sum game" for U.S. issuers, unless the overall crypto market expands significantly.
Plasma will launch its mainnet beta on Sept. 25 with zero-fee USDT transfers, a projected $2 billion-plus in stablecoin TVL and 100+ DeFi integrations.
Israel flagged 187 crypto addresses allegedly linked to the IRGC. Elliptic says the wallets received $1.5B in USDT, though not all may belong to Iran’s Revolutionary Guard.
The total stablecoin supply on Ethereum climbed to an all-time high of $166 billion as of Saturday, up from $149.5 billion a month earlier.
The launch is set to shake up the stablecoin market and potentially test the balance between privacy and oversight.
Tether has unveiled USAT, a new stablecoin product for the US market, according to a Sept. 12 statement. Alongside the announcement, the company confirmed that Bo Hines will become the CEO-designate for the USAT stablecoin. Hines described his appointment as an opportunity to reinforce America’s influence in global finance by launching a stablecoin rooted in […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The token was designed to meet the U.S. stablecoin issuance standard, with Anchorage Digital and Cantor Fitzgerald supporting issuance and reserve management.
Bo Hines, who led t White House Crypto Council under President Donald Trump, has been named as CEO of Tether's newly created U.S. unit.
Ripple has carried out a series of large RLUSD burns in recent weeks to remove millions of the stablecoin from circulation. According to data from the RLUSD burn tracker @RL_Tracker, more than 2.7 million RLUSD were recently destroyed in a single transaction, the biggest burn in many weeks. Ripple Burns Massive Amounts Of RLUSD Crypto burns are not new to the crypto industry, especially when it comes to stablecoins. Interestingly, data from the RLUSD burn tracker, @RL_Tracker, has revealed an uptick in the amount of RLUSD burned in the past two weeks, which is worth noting. Related Reading: What Does AMM Liquidity Pools Mean For XRP And RLUSD Holders? Ripple Exec Answers Particularly, the latest data from @RL_Tracker, which was revealed in a post on the social media platform X, shows that 2,714,248 RLUSD were recently burned at RLUSD Treasury. Blockchain records from on-chain analytics platform Etherscan confirm that these tokens were transferred into a null address from which they cannot be recovered or used, effectively reducing the outstanding supply for good. This was not an isolated occurrence. Ripple has been carrying out a string of large burns in recent weeks, with notable examples including two transactions of 1,000,000 RLUSD each on September 3 and another 1,000,000 RLUSD burn on August 29. Together, these actions have brought the total burned supply to about six million RLUSD tokens in a very short span However, these reductions have been characterized by issuances of millions of tokens in the past few days. Most recently, @RL_Tracker reported that 312,000 RLUSD were minted by the RLUSD Treasury in the past 24 hours. What’s Going On With RLUSD Burns? This back-and-forth between burning and minting is part of Ripple’s supply management cycle of RLUSD, where tokens are constantly adjusted in response to market demand and redemptions. Related Reading: Is Ripple Dumping XRP? Pundit Calls Out Founders, Threatens To Take Action RLUSD is pegged 1:1 to the US dollar and operates on both the XRP Ledger and Ethereum. Like other asset-backed stablecoins, it is fully collateralized by fiat reserves and subject to monthly attestations. When demand for RLUSD rises, Ripple issues new tokens into circulation. On the other hand, excess supply is no longer needed when tokens are redeemed for dollars, and Ripple burns the surplus by sending it to an inaccessible address. Stablecoin mints and burns are not unique to Ripple. Tether, the largest stablecoin issuer, regularly conducts large-scale mints and burns of USDT to adjust supply. The key difference from normal cryptocurrency burns, such as those seen with Shiba Inu, is that stablecoin burns are not carried out to create scarcity, which contributes to price action. At present, RLUSD’s total supply is around 728.7 million tokens and all minted tokens are actively being circulated. The stablecoin has a market cap of about $728 million and has seen its trading volume climb above $87 million in the past 24 hours. It also continues to hold its $1 peg firmly. Featured image from iStock, chart from Tradingview.com
Ledger is expanding its enterprise offerings with a new iOS app and native support for the TRON blockchain, including stablecoin transactions.
Stablecoin issuer Tether is one of the largest corporate accumulators of Bitcoin over the last 12 months, adding more coins to its treasury than nearly all spot exchange-traded funds (ETFs). On Sept. 8, Tether CEO Paolo Ardoino shared data showing that the stablecoin issuer secured more than 27,700 BTC in the past year. Of that […]
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The analysts specifically addressed concerns of whether an eventual Hyperliquid stablecoin could significantly impact USDC.