Tether CEO: AI giants spending into unsustainable margin crunch
Paolo Ardoino argues that record capex from the biggest AI labs is colliding with shrinking margins, delayed profits, and a fast-closing open-source gap.
Stablecoin issuance, market share, depegs, and reserve backing across USDT, USDC, DAI, and other major stablecoins.
Paolo Ardoino argues that record capex from the biggest AI labs is colliding with shrinking margins, delayed profits, and a fast-closing open-source gap.
The move strips the world's largest stablecoin from a 40M+ user super-app and signals how far EU compliance pressure is reshaping retail on-ramps beyond MiCA itself.
The exchange helped build USDC and now sits on the steering committee of a consortium whose stablecoin is positioned to compete with it, exposing a structural conflict that Circle cannot ignore.
When the continent's biggest neobank cuts a stablecoin, the question is whether MiCA-driven compliance pressure is now filtering down from crypto-native venues into mainstream consumer apps.
When BTC, ETH and altcoin deposits all spike on the same day, the read is rarely 'profit-taking into strength'. CryptoQuant says larger holders are leading this move.
The disclosure made $TRUMP income real, not theoretical, and Gillibrand's bill is the first formal ethics hook targeting memecoin-linked officeholders.
The sanctioned ruble stablecoin says data providers undercount its DeFi activity, while TRM Labs and Elliptic peg real volume closer to $75M and report volumes down 90%+ since January.
Spikes of this magnitude on deposit-side flow have historically preceded sharp directional moves; the read across BTC, ETH and alts suggests the next leg is being staged on exchanges right now.
The opposition party frames the central bank's digital pound as state overreach and backs a private, lightly regulated stablecoin market. The fight is now political, not just policy.
The headline vote reads upbeat, yet Paxos's 2024 run at the same model landed at ~$3B in supply against USDC's $73B. The partner list, not the policy, is where this story actually lives.
Public disclosure named them as members of Open Standard's won-pegged stablecoin project before any formal talks took place, two of Korea's largest names told local media.
37 new CASPs cleared ESMA's MiCA register in the first update after the December deadline, pushing total authorisations to 280 and giving one of Europe's biggest banks a regulatory foothold.
The $3B drop in stablecoin supply looks small in percentage terms, but it lands alongside Bitcoin's 14% Q2 slide, a 52% collapse in Ethena's sUSDe, and a 45% haircut to Arbitrum's stablecoin…
Samsung, Dunamu and other Korean names flagged as founding members say Open Standard never held formal talks, exposing a comms gap days before launch.
Systemically important banks and large retailers are wired up; the BoR is now also exploring stablecoins as a complement to the digital ruble for cross-border settlement.
The one-year rulemaking clock triggers the full compliance stack under the law, and at roughly $15M a year for audits, legal, and AML, the bill crushes a $200M issuer while barely denting a $10B one.
Binance withdrew its Greek MiCA application days before the July 1 deadline, and ESMA privately pushed national regulators to reject the exchange's other EU filings over financial-crime compliance…
The action signals that stablecoin issuers are now functioning as active nodes in the global sanctions enforcement network, not passive bystanders.
Long calls and long puts land on the crypto-native exchange's Stock+ product for eligible users, the latest step in a multi-asset expansion beyond derivatives.
Palmer Luckey's crypto- and defense-focused neobank has roughly doubled its December mark to $8B while deposits hit $4.05B, with profitability targeted by year-end.