Stablecoin issuance, market share, depegs, and reserve backing across USDT, USDC, DAI, and other major stablecoins.
Tether keeps printing record operating profits while the equity cushion that backstops USDT shrinks, leaving $4.1B against $183.6B of liabilities and a treasury now heavy in gold and BTC.
The reserve drawdown and the profit cooldown are linked: Tether's BTC and gold positions have cooled as the same assets that fueled last year's record earnings drag on this year's mark-to-market.
The profit print alone would be a beat, but the gold buildout is the structural signal: Tether is now one of the largest private holders of physical bullion on the planet.
The NYDFS authorization lets Circle wrap fiduciary and custody around USDC at the same time it holds an OCC national trust bank approval, a dual US regulatory footprint few stablecoin issuers can…
Analysts broadly blame a weak market, not execution, but they disagree on when trading volumes return. The record 10.3% market share gain and stablecoin push are the long-term offset.
The state charter lands weeks after Circle's federal OCC trust bank approval, giving the USDC issuer paired state and federal footing as it courts bank-grade institutional flows.
The scale, the IRGC tie, and Binance's mention put the story on the desk of every compliance team running a sanctions program against Iran-linked crypto flows.
A BitLicense predecessor that predates the state's crypto licensing regime gives Circle the same USDC-custody standing as a regulated US trust, a structural edge in institutional dollar stablecoin…
The $20B World Cup print is five times the 2024 U.S. election cycle and validates Polymarket and Kalshi as the venues where sports and politics meet on-chain.
Open USD launches day-one on Ethereum with 140+ partners including BlackRock, Visa, Mastercard, Stripe and BNY, routing all reserve yield back to the issuers that grow it.
Armstrong framed the milestone around custody and stablecoin dominance, the two businesses institutions actually plug into first.
The shift hands token-issuance enforcement to state regulators, a quiet rewrite that could fragment the federal stablecoin framework before the bill reaches the floor.
What stablecoin issuers must hold in backing assets, how the rules vary across jurisdictions, and why the composition of reserves now drives crypto market plumbing as much as the tokens themselves.
A Block Research walk-through of the rails, settlement layers, and FX corridors that turned stablecoins into a working cross-border payment primitive.
The venue is solvent on paper but insolvent on cash, a wedge that widens whenever an illiquid altcoin treasury is the only thing standing between a balance sheet and payroll.
The gap between customer count and revenue shows how thin the unit economics still are for neobanks selling crypto at the retail layer.
The fourth distribution drops $2.2B into a market already under macro pressure, and any creditor that fails to onboard by the deadline forfeits the claim outright.
The rotation trims the speculative edge of the complex (BitMine, Block, Robinhood) and concentrates into the regulated on-ramp and the largest US stablecoin issuer, a posture that usually reflects a…
The Federal Reserve left its benchmark rate unchanged, extending the pause as inflation and labor data keep policymakers in a holding pattern ahead of the next move.
McInerney's 'not to pick winners' line keeps Visa neutral in a stablecoin race where it backs Open USD while USDC and USDT dominate settlement volumes.
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