Bitcoin dropped to around $61,500 in recent days, its weakest level in roughly four months, and Peter Schiff wasted no time connecting that slide to a broader argument he has been making about stablecoins. Related Reading: Bitcoin Faces Pressure As Investors Rotate Capital Into AI Buildout: Saylor A Stablecoin On The Move Tether’s USDT has already climbed to a market capitalization of nearly $188 billion, according to data from DeFiLlama, closing the gap with Ethereum to just under $26 billion. Schiff, the economist and longtime Bitcoin critic, says the numbers point to an inevitable outcome. “The market cap of Tether will soon surpass the market cap of Ethereum,” Schiff wrote on X. “It will eventually surpass the market cap of Bitcoin, too. The only question is how long it will take.” USDT has become a dominant tool for moving money across crypto markets, and its reach now extends into payments, remittances, and digital dollar transfers — a trend he says supports his case. USDT holds a one-dollar peg, setting it apart from Bitcoin and Ethereum, and that stability makes it the go-to choice for users who want to move money without taking on price risk. The market cap of Tether will soon surpass the market cap of Ethereum. It will eventually surpass the market cap of Bitcoin too. The only question is how long it will take. — Peter Schiff (@PeterSchiff) June 4, 2026 Not His First Warning Schiff has been sounding alarms about Bitcoin for years. His latest comments include a prediction that BTC could eventually fall below $20,000, which would represent a drop of roughly 80% from its October 2025 peak near $126,200. He has also pointed to weakness in tech stocks as a pressure point for Bitcoin, noting that the crypto asset has relied on the broader tech rally for support. “It looks like the correction in tech stocks has finally begun,” Schiff said. “As tech stocks sell off, Bitcoin should crash. Gold will likely head in the opposite direction.” Bitcoin recently suffered a sharp hourly decline of more than $2,000, briefly touching $61,460, as selling pressure spread across the market and triggered over $1 billion in leveraged liquidations. USDT’s Growing Reach Reports indicate Ethereum’s position as the second-largest crypto asset is now under pressure from a stablecoin rather than another blockchain competitor. At current figures, USDT would need to grow by roughly 15% to pull ahead of Ethereum, while matching Bitcoin’s $1.28 trillion market cap would require a far larger expansion of nearly seven times its present size. Related Reading: Bitmine Seeks $300M Raise To Accelerate Ethereum Accumulation Strategy Schiff’s prediction has drawn attention not just for its boldness but for its timing, arriving as stablecoin adoption continues rising and crypto markets face renewed turbulence. Whether the prediction holds up remains an open question, though the narrowing gap between USDT and Ethereum suggests the first part of his forecast may not be far off. Featured image from Unsplash, chart from TradingView
The Bitcoin price has suffered a significant crash, falling from above the psychological $70,000 this week. Crypto pundit Nobler cited why the leading crypto was crashing, while analyst Chiefy revealed what to expect next from BTC. Why The Bitcoin Price Is Crashing In an X post, Nobler revealed that the USDT issuer Tether was liquidating some of its BTC holdings, which was contributing to the Bitcoin price crash. He noted that this was the first time they had sold directly from their BTC reserve wallet. The pundit added that things were not looking good for crypto. Related Reading: Bitcoin Moves Into Accumulation Zone That Will Send It On Next All-Time High Run To $250,000 On-chain data showed that Tether moved 204 BTC from its wallet to the Bitfinex exchange, sparking concerns of a sell-off. Tether is among a host of entities believed to have dumped BTC recently, sparking the Bitcoin price crash. The defunct crypto exchange Mt. Gox also transferred 10,422 BTC, worth almost $740 million. Furthermore, Bitcoin ETFs are contributing to the massive sell-off in BTC, with these funds on a 12-day streak of net outflows. They recorded a net outflow of $519 million yesterday, according to SoSoValue data. During these 12 days, these funds also recorded a net outflow of $733 million on May 27. Meanwhile, it is worth noting that the Bitcoin price crash began earlier this week, as Michael Saylor’s Strategy revealed in its SEC filing that it had sold 32 BTC. This was the first time that the Bitcoin treasury firm had sold BTC since 2022. This has raised concerns about what this could mean and how much more BTC the company could sell moving forward. The Bitcoin price has also crashed due to macro factors such as the U.S.-Iran war, with a peace deal looking unlikely anytime soon. BTC is also battling for liquidity amid upcoming IPOs, such as Elon Musk’s SpaceX, which is expected to go public this year. What Is Next For BTC In an X post, crypto analyst Chiefy, who had predicted the Bitcoin price crash to $67,000, revealed what is next for BTC. He stated that a relief bounce would come next, giving market participants false hope before an even bigger leg down. The analyst added that structurally, this is one of the weakest setups that BTC has seen in this bear cycle. The analyst’s accompanying chart showed that the Bitcoin price could still crash to as low as $60,000, reaching its February low. Crypto analyst Tony echoed a similar sentiment, predicting that BTC could still drop to $60,000, although he expects a short-term relief bounce. Related Reading: Bitcoin Trend That Has Held For 15 Years Shows When To Expect The Bottom And When $400,000 Will Happen At the time of writing, the Bitcoin price is trading at around $66,700, down over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Cardano’s total stablecoin market cap has climbed to roughly $54.88 million, a 15% jump from where it stood in early March 2026. That figure captures just how quickly liquidity has been building on the network over the past several weeks. Related Reading: Bitcoin Faces Prolonged Downtrend Through 2027, Analyst Warns USDCx Drives the Surge Circle’s USDCx now commands the largest share of Cardano’s stablecoin market at 45.20%, with USDM at 26.90%, USDA at 15.45%, and DJED at around 5.90%. Data from Cexplorer shows that nearly 8 million USDCx were minted within just the last two days of the reporting period. According to Messari data, Cardano recorded a 61% rise in stablecoin market cap over the past seven days — the highest among major blockchain networks tracked during that period. Polygon came in second at 36%, followed by World Chain at 10.3%, HyperEVM at 7.4%, and XDC Network at 3.5%. Source: Messari Net stablecoin flow for the current epoch on Cardano has reached approximately $8.55 million. Reports indicate that around $9.57 million worth of stablecoins were minted during this stretch, while roughly $1 million were burned. A Gap That Still Remains The minting surge has been concentrated in USDCx, which is Circle’s on-chain representation of USDC on the Cardano blockchain. That product has seen consistent minting activity throughout the week, with activity accelerating in the final two days. Despite the momentum, Cardano has not yet secured a direct integration of a Tier-1 stablecoin such as Circle’s native USDC or Tether’s USDT. Cardano founder Charles Hoskinson has raised this point repeatedly, saying that such an addition would significantly strengthen the network’s DeFi activity and liquidity depth. Related Reading: Unknown Wallet Destroys $8.5 Million In Bitcoin In Shocking Burn What The Numbers Reflect The figures point to rising on-chain activity across the Cardano ecosystem, even as the network continues working toward deeper stablecoin infrastructure. Analysts generally treat stablecoin inflows as a signal of expanding financial activity and wider DeFi adoption on a given chain. Cardano’s one-week performance puts it well ahead of the other networks in Messari’s rankings for stablecoin market cap growth. Whether that pace holds will likely depend on how quickly new stablecoin integrations and minting activity continue across the ecosystem. Featured image from Unsplash, chart from TradingView
The global stablecoin market has climbed to a record $322 billion valuation, cementing the rise of digital dollars as one of the cryptocurrency sector's most viable commercial products. The milestone reflects an accelerating demand for real-time settlement, borderless cross-border transfers, and reliable dollar access on blockchain rails. However, this expansion is also intensifying anxieties within […]
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There's a huge contradiction sitting at the center of modern American finance. The same industry regulators tried to isolate from the mainstream financial system has become one of the largest US Treasury buyers on the planet. Tether, the company behind the world's largest stablecoin USDT, closed 2025 with total direct and indirect exposure to US […]
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Recent on-chain data indicate the Binance exchange has registered a high volatility in stablecoin inflows in recent days. This observation can be linked to the general market’s choppiness during this period, driven by Bitcoin’s price movements. Pseudonymous reknown analyst Darkfost has shared some insights on this erratic flow in stablecoin flows and its potential implications. Related Reading: Bitcoin Struggles Below Resistance While Fibonacci Support Comes Into Focus Positive Stablecoin Flows Lack Structural Support – Here’s Why In a QuickTake post on May 16, Darkfost highlights recent developments in market liquidity amid the uncertainty shaping broader asset prices. Notably, stablecoin netflow on Binance surpassed $1.5 billion on May 14, signaling a surge in capital ready to enter the market. Tether’s USDT accounted for the majority of these flows, with the ERC20 USDT variant emerging as the most prevalent. In the days prior to May 14, Darkfost notes that Binance has been dominated by stablecoin outflows, registering a $1.3 billion net outflow on May 12 alone. Therefore, the upside swing represents an attractive shift in dynamics. Due to their fixed value, stablecoins widely serve as a primary medium of exchange for crypto traders. As a result, rising stablecoin reserves typically signal an increase in readily deployable capital for investment, while declining reserves indicate a reduction in available liquidity. According to Darkfost, the recent surge in stablecoin netflow might be encouraging; however, it’s worth noting that there is no structural basis for this setting. This is because the stablecoin liquidity movement is erratic, moving in response to market price fluctuations rather than long-term conviction. The analyst noted that investors were largely bullish as Bitcoin approached $82,000 on May 14, which led to a rise in stablecoin deposits. However, chart data from above shows a substantial drop in netflows after prices retested $80,000 on May 15. To confirm a long-term bullish intent, it is imperative that the stablecoin demand becomes more stable, translating into consistent positive netflows. Related Reading: XRP Leverage Expansion Raises Risks Near $1.50 Resistance – A Big Move May Follow Bitcoin Price Prediction At the time of writing, Bitcoin trades at $78,200, down 4.57% on the weekly chart after failing to reclaim the $82,000 price zone. Meanwhile, the asset’s daily trading volume stands at $26.82 billion, down 29.95%. According to CoinCodex data, market sentiment has turned bearish as Bitcoin’s Q2 rally faces stiff resistance. However, the analysts at CoinCodex are predicting a resilient market, with price targets of $85,155 in five days and $80,062 in a month. Featured image from ETF Stream, chart from Tradingview
According to the latest on-chain data, the Ethereum-native iteration of USDT, the world’s largest stablecoin, has just witnessed its largest exchange outflow in recent months. 1.29 Billion USDT Flow Out Of Crypto Exchanges In a May 9th post on the X platform, blockchain analytics firm Santiment revealed that USDT on the Ethereum network recently recorded its largest flow out of exchanges in months. Around 1.29 billion stablecoins (the highest since February) were transferred out of exchanges on Friday, May 8th. This on-chain observation is based on the change in the Exchange Flow Balance indicator, which measures the net amount of tokens moving into and out of centralized exchange addresses. Related Reading: This 1 Chart Explains Why Bitcoin Is Winning And Ethereum Is Losing Right Now A spike in the Exchange Flow Balance metric indicates that more tokens (USDT, in this case) are flowing to centralized exchanges. On the other hand, when the indicator declines, it suggests that investors are withdrawing assets from these trading platforms. Santiment explained the significance of investors moving their USDT away from exchanges, noting that this would ordinarily mean they are withdrawing their buying power from trading platforms where they can use it for instant cryptocurrency purchases. On the surface, this reduction of buying power (or capital) on exchanges is a bearish signal for crypto markets. However, the analytics firm believes that the significant USDT outflows (of this reported magnitude) suggest that institutional investors are moving capital to self-custody wallets, DeFi protocols, or OTC (over-the-counter) desks ahead of larger planned transactions. Therefore, capital is believed to be flowing out of the ecosystem, not entirely, but being repositioned for even larger purposes. Santiment also highlighted the pattern often surrounding exchange outflow spikes of this magnitude. For instance, as observed in the chart below, the Bitcoin price witnessed a mini-pullback over the subsequent two weeks following the 3.72 billion USDT outflow on February 9. What’s more interesting is that this pullback birthed the buying opportunity that has seen the Bitcoin price jump by more than 30% in the past few months. Santiment concluded in the social media post: Whether this current capital re-enters exchanges as buying pressure in the near term is the key variable to monitor. If USDT begins flowing back onto exchanges in the coming days, it would signal that deployment into crypto assets is imminent. Crypto Market Capitalization As of this writing, the total cryptocurrency market capitalization stands at around $2.66 trillion, up nearly 4% over the past week. Related Reading: 14,600 Bitcoin Sold in Profit in One Day: Here Is How BTC’s Own Structure Broke It Below $80K Featured image from iStock, chart from TradingView
Christopher Harborne is British-born, Cambridge-educated, and has lived in Thailand since 1996. He goes by the Thai name Chakrit Sakunkrit, holds Thai citizenship, and controls a reported 12% stake in Tether, the stablecoin issuer behind roughly $184 billion in circulating USDT. According to the Guardian's investigation, he's also the single largest donor in the history […]
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Stablecoin issuers spent years asking Washington for clear rules, and now those rules are becoming the industry’s biggest barrier to entry. The GENIUS Act gave dollar-backed tokens something crypto had wanted since stablecoins became a serious part of the market: a legal home in the US. It defined payment stablecoins, set reserve expectations, created a […]
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Crypto pundit Star has highlighted that crypto decentralization is a myth, noting that crypto networks and firms can freeze funds. The pundit specifically alluded to the Tether freeze and Arbitrum’s move to freeze the crypto assets stolen by the Kelp DAO exploiter. Pundit Highlights Crypto Decentralization Myth In an X post, Star stated that centralization has been exposed inside TRON USDT. The pundit noted that Tether just executed the largest freeze in its history, freezing $344 million USDT, which it carried out in coordination with OFAC and the U.S. law enforcement. This was executed directly through the USDT smart contract, with the funds visible but completely unusable. Related Reading: What The Kelp DAO’s $292 Million Hack Means For XRP Holders Earning Yield Further commenting on how it works, Star explained that Tether has admin control over USDT contracts, which proves that crypto decentralization is a myth. The pundit added that this admin control enables the USDT issuer to blacklist any address, freeze balances instantly, and permanently destroy funds. It is worth noting that Tether had confirmed the freeze, stating that it supported the U.S. government in freezing $344 million USDT across two addresses, which were on the TRON network. The firm added that the freeze was executed after the addresses were identified, preventing further movement of funds. A CNN report confirmed that the U.S. government directed the freeze of these USDT funds because they are linked to Iran. Iran had notably opted against stablecoins in favor of Bitcoin for toll payments at the Strait of Hormuz over fears of seizure, further highlighting the myth around crypto decentralization. Meanwhile, Star pointed out that the Tether freeze on TRON came just days after the network’s founder, Justin Sun, said that TRON is the most decentralized blockchain in the world after the Arbitrum incident. Sun has yet to comment on the Tether freeze on the TRON network, which occurred earlier this week. The Arbitrum Incident Also Raises Concerns Star also cited the Arbitrum incident to highlight that crypto decentralization is a myth. Earlier this week, Arbitrum announced that the network’s Security Council had taken emergency action to freeze the 30,766 ETH being held in the Arbitrum address that is connected to the Kelp DAO exploiter. Related Reading: Remember Arbitrum? This Analyst Just Predicted That A 7,400% Rally Is Coming The network stated that the Security Council acted with input from law enforcement regarding the exploiter’s identity. It is worth noting that the Kelp DAO exploiter had stolen up to $292 million in staked ETH from the Kelp DAO bridge last weekend. Meanwhile, Arbitrum’s decision to freeze this ETH drew mixed reactions. Crypto pundit Pledditor noted that Arbitrum, which has regularly received praise from Vitalik Buterin as the most decentralized Layer-2, has just frozen funds. On the other hand, Helius CEO Mert praised the move, noting that Arbitrum having the means of control and refusing to use it to appease the exploiters would be a “much worse and dishonorable outcome.” Featured image from Pxfuel, chart from Tradingview.com
The world's central banks stopped arguing about whether stablecoins are risky long ago. Their main concern now is about who will control them and how. On April 20, BIS General Manager Pablo Hernandez de Cos called for global cooperation on stablecoins, describing it as “critically important.” The Bank for International Settlements, often called the central bankers' […]
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A wave of crypto hacks hitting decentralized finance platforms in April has renewed an old argument: should stablecoin companies step in when stolen money passes through their systems? That question is now front and center again after Tether, the world’s largest stablecoin issuer, revealed it froze over $340 million in dollar-pegged tokens at the direct request of US law enforcement officials. Related Reading: Shariah-Compliant Stablecoin PUSD Moves Into MidEast Institutional Arena Community Divided Over Stablecoin Control The freeze targeted two separate wallet addresses. Tether said the funds were linked to unlawful conduct but gave no further detail about what the accounts were suspected of doing or who controlled them. The company coordinates freezes when it finds credible ties to sanctioned entities, criminal networks, or other illegal activity, according to its published policy. Tether CEO Paolo Ardoino defended the action in a statement released alongside the announcement. “When credible links to sanctioned entities or criminal networks are identified, we act immediately and decisively,” he said. The company did not respond to further requests for comment. The freeze was carried out in coordination with the Office of Foreign Assets Control, a US Treasury agency responsible for enforcing economic sanctions. That makes this more than a routine compliance move — it signals active cooperation between a major crypto firm and federal authorities at a time when regulatory pressure on the industry continues to mount. Not everyone welcomed the news. Crypto media outlet Truth for The Commoner pushed back sharply. “Your stablecoins are not your stablecoins. They never were,” the outlet posted on social media. The reaction reflects a tension that has existed since centralized stablecoins became widely used — the tokens may sit on a blockchain, but the company behind them holds a master switch. 3/ On April 1, 2026, Drift Protocol was exploited for $280M. The exploiter used CCTP to bridge 232M+ USDC from Solana to Ethereum across 100+ transactions over six consecutive hours. 10+ additional DeFi protocols across the Solana ecosystem were indirectly impacted. Despite the… https://t.co/RLDwKghzjo — ZachXBT (@zachxbt) April 3, 2026 A Debate Rekindled By A $280 Million Hack The announcement comes weeks after one of the month’s most damaging incidents — the Drift Protocol exploit, which drained $280 million from the platform. That attack put Circle, the issuer of the USDC stablecoin, under a different kind of scrutiny. Onchain analyst ZachXBT publicly criticized Circle for failing to freeze USDC funds after the attacker routed stolen money through Circle’s own native bridge over six consecutive hours. Related Reading: Consistent XRP Buys Could Deliver Outsized Gains By 2030: Finance Expert “No USDC was frozen,” ZachXBT noted, arguing that centralized issuers have a responsibility to act quickly when hacks are in progress. The criticism drew wide attention across the crypto community and intensified calls for clearer standards around when and how stablecoin issuers should intervene. Featured image from MetaAI, chart from TradingView
With a minimum buy-in of $10 million, Morgan Stanley has made clear this is not a product built for small players. The Wall Street giant quietly unveiled its Stablecoin Reserves Portfolio on Thursday, a new offering that lets stablecoin issuers deposit the cash backing their digital tokens into one of the bank’s money market funds and collect interest while they wait. Related Reading: Consistent XRP Buys Could Deliver Outsized Gains By 2030: Finance Expert A Fund Built Around Compliance The portfolio sits inside Morgan Stanley’s Institutional Liquidity Funds trust, known as MSNXX. According to the bank, the fund holds cash, short-dated US Treasury securities maturing within 93 days, and overnight repurchase agreements secured by those same Treasuries. It targets a stable $1 net asset value, prioritizing capital preservation and daily access to funds. A 0.15% management fee applies. Morgan Stanley said the offering is designed to meet the requirements of the Guiding and Establishing National Innovation for US Stablecoins Act — the GENIUS Act — a federal law signed in July that set the first formal rules for stablecoin issuers operating in the US. The law’s passage appeared to open a door. Western Union and Zelle were among the payment companies that moved into the stablecoin space following its enactment. Amy Oldenburg, who heads Morgan Stanley’s digital asset strategy, said in a statement that finding new ways to work with stablecoin issuers is part of a broader push to update financial infrastructure. While shares in the fund are expected to be held mostly by stablecoin issuers, reports indicate the fund may also accept other qualified investors. MORGAN STANLEY LAUNCHES STABLECOIN RESERVES FUND Morgan Stanley Investment Management has launched the Stablecoin Reserves Portfolio (MSNXX). It is a government money market fund built exclusively for stablecoin issuers. The fund aligns with reserve requirements set out under… pic.twitter.com/ynDaPGPr8y — BSCN (@BSCNews) April 24, 2026 Morgan Stanley’s Bigger Crypto Push The stablecoin product is just one piece of a much larger expansion. Earlier this month, the bank launched the Morgan Stanley Bitcoin Trust — its own Bitcoin exchange-traded fund — which pulled in over $170 million in net inflows within weeks of its debut. The firm has also filed paperwork with US securities regulators to list funds tied to Ether and staked Solana. In February, a national trust banking charter application was submitted to the Office of the Comptroller of the Currency. If approved, the charter would allow Morgan Stanley to hold crypto assets on behalf of clients, execute trades, and handle transfers directly. All of this is coming from one of the largest investment banks on the planet. Morgan Stanley manages more than $6 trillion in client assets through roughly 16,000 financial advisers. Related Reading: A New Phase For XRP? Integrations Keep Rolling In Across The Ecosystem What The Offering Signals The Stablecoin Reserves Portfolio positions Morgan Stanley not just as a firm that trades or holds digital assets, but as one that now wants to serve the companies issuing them. Stablecoin issuers need somewhere safe and regulated to park the cash or short-term securities that back their tokens — and now a major US bank is pitching itself as that destination. Data from Morgan Stanley’s website confirms the $10 million entry floor, placing the product firmly in the institutional category. Featured image from Banking Dive, chart from TradingView
USDT stablecoin issuer Tether has stepped in to anchor a massive recovery plan for Drift Protocol, the Solana-based decentralized exchange (DEX) that was crippled by a $286 million exploit earlier this month. However, the rescue package includes a potent commercial string that could challenge Circle's dominance of USDC on the Solana blockchain. According to the recovery plan, Drift […]
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Solana-based decentralized exchange (DEX) Drift Protocol has shared the highly anticipated user recovery plan alongside Tether and other collaborators. This move follows the major exploit that drained $285 million from the project’s vaults two weeks ago. Related Reading: Bitcoin Double Bottom Formation Eyes $82,500 Rally – Breakout Or Rejection Next? Drift Protocol Secures $150M Recovery Fund On Thursday, Drift Protocol, the largest decentralized perpetual futures exchange on the Solana blockchain, announced a collaboration with Tether and other partners to establish a “structured recovery plan backed by up to nearly $150 million in combined support” and relaunch with USDT “at the center.” According to the announcement, the funds include a $100 million revenue-linked credit line, an ecosystem grant, and loans to market makers, all intended to finance a dedicated user recovery pool. As NewsBTC reported, the Solana-based DEX suffered an exploit that stole hundreds of millions of dollars from its vaults on April 1. The attack took around $285 million in multiple crypto assets and became the largest exploit of 2026 to date. During the initial phase of the collaboration, a significant portion of exchange revenue, together with committed support capital, will be intended to fund this recovery pool, Drift explained, noting that any stolen funds recovered would be contributed to the pool. In addition, Drift revealed that it will issue a new token for the affected users to “streamline distribution of recovery assets as well as provide liquidity opportunities for impacted users.” The token will be a dedicated recovery token, separate from the DRIFT governance token, that is intended to represent a claim on the recovery pool and will be transferable. Solana DEX Eyes Hardened Security Framework The Solana-based project shared that it will harden its security, passing each component through independent audits by OtterSec and Asymmetric Research before relaunching the protocol. It will also introduce a new community-governed multisig to manage core protocol assets, requiring all multisig signers to operate on dedicated signing devices with transaction content independently verified outside the primary signing interface before any signature is executed. This aims to prevent similar attacks on the project. It’s worth noting that the malicious actors gained unauthorized access to Drift Protocol by manipulating its multisig approvals using Solana durable nonces. “The attack involved unauthorized or misrepresented transaction approvals obtained prior to execution, likely facilitated through durable nonce mechanisms and sophisticated social engineering,” the project explained on its first report. Since then, Blockchain analytics firm Elliptic has identified multiple indicators suggesting that the exploit is linked to the Democratic People’s Republic of Korea (DPRK), while Drift has affirmed that the exploit was a six-month operation to infiltrate the protocol’s inner circle and compromise their devices. USDT Settlements ‘At The Center’ Of Drift The project also detailed that it will relaunch with Tether’s USDT for settlements. Tether reportedly proposed to extend a USDT support facility to designated market makers “to reinforce deep, liquid markets from day one.” “Drift’s decision to integrate USD₮ into the relaunch and recovery of a major trading venue on Solana reinforces Tether’s role as a reliable settlement asset within the Solana ecosystem,” Tether stated. The shift from USDC to USDT settlement represents a significant change, following Circle’s decision not to freeze the stolen USDC during the initial attack. Notably, the exploiter swapped $270.9 million of the stolen assets into USDC within hours, bridged them from Solana to Ethereum via the CCTP TokenMessengerMinterV2, and purchased 129,000 ETH, splitting them across multiple wallets. Related Reading: Bitmine’s Ethereum Holdings Hits 4% Supply Milestone After 71,524 ETH Buy At the time, multiple investors and on-chain investigators urged Circle to freeze the funds, with crypto sleuth ZachXBT slamming the stablecoin issuer for its repeated “inaction” over the past few years. Circle has since addressed the backlash, affirming that it does not act “unilaterally or arbitrarily” and freeze funds when “the law requires us to act.” Drift concluded that “this is the first step toward making users whole over time and toward building back stronger than where we were before.” Featured Image from Unsplash.com, Chart from TradingView.com
On-chain data shows the Ethereum versions of USDT and USDC, the two largest stablecoins, have seen their active addresses fall to the lowest level of 2026. USDC & USDT Active Addresses Have Fallen On The Ethereum Network In a new post on X, on-chain analytics firm Santiment has talked about the latest trend in the Daily Active Addresses for the Ethereum versions of USDT and USDC. This indicator measures the daily total number of addresses participating in some kind of transaction activity on the network. Related Reading: Bitcoin Whales Ramp Up Accumulation: Holdings Hit 2-Month High When the value of this metric goes up, it means more addresses are coming online on the blockchain every day. Such a trend implies user interest in the cryptocurrency is rising. On the other hand, the indicator observing a decline suggests holders of the asset are reducing their transaction activity as fewer of them are making moves on the network. Now, here is the chart shared by Santiment that shows the trend in this metric for USDT and USDC on the Ethereum blockchain over the last few months: As displayed in the above graph, both the top two stablecoins have seen a drawdown in the Daily Active Addresses, suggesting activity related to them has declined. More specifically, the metric has dropped to 202,300 for USDT and 109,300 for USDC. Both these values are the lowest that they have been since December. Stablecoins occupy a different spot in the sector than volatile assets like Bitcoin and Ethereum; investors use them when they want to stash their capital away from the volatility associated with the other cryptocurrencies. Because of this reason, stablecoins are often considered to represent the “dry powder” sitting on the sidelines in the digital asset sector. Whenever these tokens are on the move, it means investors are either stashing away capital or injecting it into the volatile side. Given that the Daily Active Addresses has plunged for the Ethereum blockchain version of USDT and USDC recently, it would appear that there isn’t much demand for stablecoin-related swaps right now. Interestingly, this trend has come alongside a recovery surge in Ethereum and other assets. As such, it’s possible that the volatility could soon ignite fresh activity in the space. As Santiment explained: With Bitcoin making good momentum today and pushing toward $75K, expect for traders’ buying power to pick up a bit as they look to take more chances. More volatility means more ‘dry powder’ being moved. Related Reading: Huge XRP Bull Market Ahead? Analyst Flags ‘Ultimate’ Buy Zone In related news, USDT has seen its market cap reverse course recently, as CryptoQuant community analyst Maartunn has highlighted in an X post. The trend in the 60-day market cap change for USDT | Source: @JA_Maartun on X From the chart, it’s apparent that the 60-day change in the USDT market cap was negative earlier, but it’s just now starting to make its way back into the positive territory. ETH Price At the time of writing, Ethereum is floating around $2,300, up 10% in the last seven days. Featured image from Dall-E, chart from TradingView.com
Tether has launched tether.wallet, a self-custodial crypto wallet supporting USDT, bitcoin, and tokenized gold.
A veteran Bitcoin evangelist who entered the market when most people had never heard the word “blockchain” is now pointing the finger at the Trump family, not a crypto exchange, as many think, for the liquidation chaos that shook the crypto industry last October. Davinci Jeremie, one of the earliest known Bitcoin adopters, recently shared his unfiltered take on what he believes caused the October 10, 2025, crash. What Davinci Jeremie Actually Believes The October 10, 2025, crypto market crash is one of the most debated events of the current cycle, with traders still split over what really triggered the sudden collapse in price. In the months since, several theories have surfaced, ranging from Binance-led liquidations to coordinated sell attacks. Related Reading: Expert Analyst Says Bitcoin Expansion Is Over, It Won’t Rally Until This Is Over Speaking on The Sujal Show, Jeremie offered a perspective that was politically charged. In his view, the Trump family’s financial interests provide a simpler explanation for what happened to the crypto market on that day. “I think obviously the Trump family. It’s clear right now that the Trump family wants to push crypto down so that they can get as much as they want,” Jeremie said. According to the early Bitcoin believer, wealthy participants approach markets differently. In his words, short-term thinking dominates retail behavior, with many looking for quick gains or rapid wealth creation. Large players, however, operate on extended timelines, often spanning five to ten years. “If you’re wealthy, you don’t think in short terms as most people do; you think in long terms,” he said. The Binance Theory That Took Over Crypto Jeremie’s take stands in opposition to the explanation that dominated industry discourse in the months following October 10. The October 2025 crypto crash, primarily on October 10, saw over $19 billion in leveraged positions liquidated within 24 hours. The sell-off began shortly after Donald Trump signaled plans to impose an additional 100% tariff on Chinese imports. That caused traders to dump risky investments, from stocks to Bitcoin. However, that crash was much more pronounced on the crypto market than expected. Related Reading: Bitcoin Roadmap To $300,000: Analyst Shares Step-By-Step Guide To The Top After the immediate aftermath of the crash, much of the attention was directed to crypto exchange Binance. The exchange quickly became the focal point of speculation, with many pointing to liquidation cascades on its derivatives platform as the primary reason for the crash. The theory was amplified after OKX CEO Star Xu went public with his criticisms, which were based on Binance’s promotional campaign that offered 12% APY on USDe. According to Star Xu, the campaign by Binance blurred the line between USDe and stablecoins like USDT and USDC, and retail investors were not aware of the systemic risks relating to the synthetic stablecoin ecosystem. Davinci Jeremie is known as one of the earliest Bitcoin adopters, having entered the market when BTC was trading around $1. His reputation grew significantly years later when an old YouTube video resurfaced of him urging viewers to buy at least $1 worth of Bitcoin. The clip has since become one of the most referenced moments in crypto history. Featured image from Pngtree, chart from Tradingview.com
The USDC stablecoin issuer faced headwinds on Tuesday amid developing stablecon legislation that could dent future revenue.
Billions of dollars in fresh USDC were printed in just the first week of March — a minting pace that, if sustained, could push Circle’s total for the month past $12 billion. Related Reading: Bitcoin’s Brief Rally Isn’t The End Of The Bear Market, Analysts Say That surge is one sign of the momentum behind a broader milestone: total stablecoin transfer volume hit $1.8 trillion in February, the highest monthly figure on record. USDC Pulls Far Ahead Of Tether USDC, issued by Circle Internet Group, accounted for roughly 70% of all stablecoin transfers last month — about $1.26 trillion. Tether’s USDT logged $514 billion over the same period. That gap surprised some analysts, given that Tether holds the larger market cap by a wide margin — $184 billion compared to USDC’s $77.4 billion. According to Simon Dedic, founder of Moonrock Capital, USDC has “consistently flipped” Tether on transfer volume over the past several months. The disparity means each dollar of USDC is moving far more often than each dollar of USDT. Data from blockchain analytics firm Allium confirmed the February figures. Circle’s business has been growing fast. The company posted strong earnings for the fourth quarter of 2025, driven by rapid expansion of USDC’s payment operations. Partnerships with platforms such as Polymarket have added to that momentum. Tether’s supply, by comparison, has held relatively flat through the start of March while USDC continues to be printed at speed. What Rising Stablecoin Supply Means For Markets More stablecoins on exchanges generally means more money ready to buy crypto. On March 5 alone, roughly $5.14 billion in stablecoins flowed into exchanges — up from $1.14 billion just four days earlier on March 1. The total stablecoin supply sitting on exchanges climbed to a three-week high of $66.5 billion by Friday. Historically, big jumps in exchange stablecoin supply have preceded crypto price rallies, as sidelined capital gets redeployed into the market. Bitcoin briefly pushed toward $74,000 this week, partly lifted by that stablecoin inflow. The Stablecoin Supply Ratio — which measures Bitcoin’s market cap against total stablecoin market cap — has been recovering after a sharp drop in February. CIRCLE JUST MINTED $250M $USDC Circle just minted another $250M USDC on Solana. They’ve minted over $3 BILLION in just this first week of March. If Circle continue at this pace, they’re on track to mint over $12 Billion USDC by the end of the month. pic.twitter.com/aoQKi6zbFE — Arkham (@arkham) March 7, 2026 A Closer Look At The Numbers The February record was not just about USDC. Overall stablecoin adoption has been climbing. Florida’s state senate passed a stablecoin bill this week, which now awaits the governor’s signature. Related Reading: SEC Vs. Justin Sun Case Ends In $10M Settlement, Traders Eye TRX Price Reaction Regulatory movement at the state level, combined with growing institutional use of dollar-backed tokens for payments and settlement, has kept demand rising. USDC’s $1.26 trillion in February transfers marks the highest monthly total since the stablecoin launched in September 2018. Reports indicate Circle has already minted more than $3 billion in USDC in March’s first week, with Arkham data showing one single mint of $250 million on Solana. Featured image from Bitkub Academy, chart from TradingView
For most of Solana’s short history, meme coin trading defined a large chunk of its activity. That appears to be changing. According to a research note from Grayscale Investments, February’s record volume – $650 billion in stablecoin transactions – was driven by a move toward SOL–stablecoin trading pairs and real payment activity — not speculative bets on short-lived tokens. Related Reading: US Should Act On Bitcoin, Not Just Praise It, Ex-Advisor To Trump Says The network processed more transactions tied to practical money movement than at any point in its existence. The massive figure covers stablecoin transactions recorded on Solana during February 2026. It marks the highest monthly total ever logged on any blockchain — and it arrived in just 28 days. Grayscale’s data shows the number more than doubled the previous peak, which was set only four months earlier in October 2025. Low Fees Drive Small Payment Growth Standard Chartered had previously flagged Solana’s fee structure as a key reason the network was drawing payment-focused users. Low transaction costs make small transfers practical in a way that higher-fee blockchains cannot easily match. Developers have taken notice, building financial tools designed to run entirely on the internet, including micropayment systems that would be unworkable at higher cost per transaction. Stablecoins Power Blockchains Stablecoins — digital tokens pegged to currencies like the US dollar — have become one of the main engines of blockchain activity broadly. On Solana, they are increasingly being used to move money rather than to trade in and out of volatile assets. That distinction matters. Volume built on payments tends to be stickier than volume built on speculation, which can evaporate when market conditions shift. Solana now holds the fourth-largest stablecoin supply of any blockchain. Its ranking in USDC circulation is even more striking: second place, trailing only Ethereum. USDC is widely regarded as the stablecoin most favored by institutional users, which makes Solana’s position in that particular ranking significant. Ethereum Holds Its Ground On High-Value Assets The February data does not suggest Solana has overtaken Ethereum overall. According to figures from rwa.xyz, Ethereum carried $15.57 billion in tokenized real-world assets over the past 30 days. Solana’s comparable figure was $2 billion. Tokenized assets — which can include bonds, real estate, and other financial instruments brought onto a blockchain — represent the higher-value end of on-chain finance, and Ethereum remains the dominant platform for that segment. Related Reading: Iran’s Crypto Market Shaken As Outflows Skyrocket 700% What Solana appears to be winning is the retail and payments layer: fast, cheap, high-frequency transfers that add up quickly in volume even if individual transactions are small. Whether that translates into broader institutional adoption remains an open question, but February’s numbers give the network a data point it did not have before. Featured image from SOPA/Getty Images, chart from TradingView
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.
Solana has spent weeks compressing inside a tightening range, with price action forming a structure that suggests a breakout is brewing. As volatility contracts, pressure continues to build within the pattern. A decisive move above $88.60 could serve as the trigger bulls have been waiting for, potentially unleashing a sharp, impulsive rally as stored momentum is released. Volatility Squeeze On Solana — Triangle About To Resolve Solana has been trading within a tight sideways range for the past three weeks, gradually forming what appears to be a triangle pattern on the chart. Related Reading: Crypto Trader Predicts Solana 50% Price Crash To $30 If This Level Breaks According to More Crypto Online, a decisive break above the Sunday high at $88.60 would serve as the first clear indication that bulls are stepping back in with strength. Such a move would suggest that the triangle formation is nearing completion and could mark the beginning of a sustained upside breakout. Triangle patterns are particularly important because they often precede aggressive expansions. As price continues to coil within the structure, volatility contracts, and pressure build. This compression phase stores energy, increasing the probability that the eventual breakout will be forceful rather than gradual. Once price clears a key boundary, the release of that built-up momentum can trigger a sharp and impulsive move. 200 SMA And Range Hold Key To $85 Reclaim In a recent Solana analysis, Umair Crypto emphasized that the key level to watch is BTC’s pair 200 SMA and range structure. A sustained hold above these levels would open the door for an $85 reclaim. However, failure to maintain that strength would likely keep SOL trapped in the broader $77–$90 consolidation range, a scenario that has now persisted for 24 days, with no structural change since the initial call. Related Reading: Solana Reclaims $80 Amid Friday Market Bounce – Analysts Set Next Targets Structurally, the two pairs are telling different stories. On the USDT chart, SOL continues to print lower highs, signaling weakness. Meanwhile, the BTC pair is showing relative strength, forming higher highs and suggesting a more constructive trend. This divergence creates a pivotal moment where resolution could tilt either bullish or bearish, depending on which structure ultimately confirms. At present, the BTC pair has pushed above its range and reclaimed the 4H 200 SMA. However, Umair Crypto cautions that this setup has failed before, causing the price to slip back below the 200 SMA and re-entering the range, invalidating the breakout. For a true breakout scenario to activate, the BTC pair must hold above both the range and the 200 SMA with a clean retest. If that happens, strength could transfer to the USDT pair, making the $85 point of control a key reclaim target. If not, further rotation within the $77–$90 range remains the most likely outcome. In short: no confirmed hold, no confirmed breakout, BTC pair confirms, USDT executes. Featured image from Adobe Stock, chart from Tradingview.com
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.
SUI has repeatedly tested key support, but every breakdown attempt has been aggressively absorbed. Instead of accelerating lower, the price has stabilized and begun to compress, a classic sign of underlying demand. With volatility tightening and pressure building, the question now is whether this absorption phase is setting the stage for a powerful upside expansion. SUI Re-Enters the Spotlight at $0.9884 A fresh analysis from Altcoinpedia highlighted that SUI is trading around $0.9884, with accelerating ecosystem metrics bringing the high-performance network back into focus among traders and builders. Its strong transaction throughput remains a core advantage, allowing applications to scale efficiently without congestion while maintaining low latency for users. Related Reading: SUI Drops Below $1 Despite Launch of First U.S. Staking ETFs by Grayscale and Canary Developer activity continues to expand, with new DeFi protocols, gaming projects, and consumer applications launching to leverage SUI’s object-centric architecture. Liquidity across ecosystem-based decentralized exchanges has grown steadily, signaling meaningful participation rather than short-term speculation. At the same time, broader institutional access is creating regulated exposure pathways, while on-chain data shows increasing wallet growth and consistent network utilization, which are clear signs of genuine traction. The conversation around SUI is shifting from early potential to proven execution. Markets tend to reward ecosystems where technical performance aligns with usability, and that alignment is becoming increasingly visible. With price consolidating near zones that historically attract strategic accumulation, the overall structure appears constructive. As liquidity deepens, developer momentum strengthens, and institutional awareness expands, the foundation for a larger move continues to build. The key elements for expansion are in place, and with breakout energy forming, the broader market may soon begin to reflect that progress. Volatility Expansion, But Breakdowns Absorbed SUI’s price against Bitcoin tapped 0.00001351, and the reaction was immediate. According to crypto analyst Umair Crypto, volatility expanded sharply, yet every attempt to close below that level failed. Each breakdown was met with absorption, resulting in roughly 2 days and 8 hours of tight consolidation, with 14 consecutive candles holding right at support. That kind of behavior signals active defense, not randomness. Related Reading: SUI Slides Into Key Fib Support — Is the Downtrend Far From Over? Now, price is beginning to push higher, but confirmation is still required. The next major trigger comes from the BTC pair. Sustained closes above 0.00001372 would break the RSI trendline and signal a potential structural shift in momentum. If that breakout materializes, it could lead to the USDT pair reclaiming the 50 SMA, a recovery of the black box resistance zone, activation of an inverse head and shoulders pattern, and a measured move targeting approximately $0.96. Until the BTC pair decisively breaks structure, the USDT pair remains constrained, trading near range lows and below the 50 SMA. In this setup, the BTC pair dictates direction, and the USDT pair follows. Featured image from YouTube, chart from Tradingview.com
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.
Tether has taken a stake in Whop as the marketplace adopts its WDK to enable USDT and USAT onchain creator payouts.
Gold back over $5,000 is a market tell: fear is back. Tether just paid $150 million for the last mile. By taking ~12% of Gold.com and integrating XAU₮, Tether is buying distribution, so a USDT holder can reach for gold without leaving the crypto payment loop Gold is trading above $5,000 an ounce again, and […]
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