Crypto Cards Turn USDC and USDT Into Everyday Payments
Card access turns stablecoin adoption into a consumer-payment question, shifting attention from balances to whether users can spend them.
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Card access turns stablecoin adoption into a consumer-payment question, shifting attention from balances to whether users can spend them.
Self-custody and on-chain transfers stay outside the framework, so the regulatory gate sits at the US exchange level, where $183B of USDT liquidity currently lives.
The split may reflect USDC's stronger institutional and payment-settlement position, backed by EU MiCA authorization and integrations with Visa and Mastercard.
The $4.5B cumulative total underscores crypto cards' growing role in everyday payments, with USDT gaining share while USDC remains dominant.
Ardoino pinned the multi-year wait on the prior US administration's crypto stance and Senator Warren's public criticism of Tether, framing the clean opinion as vindication after years of skepticism.
The split points to USDC's stronger role in consumer payment products, where settlement preference matters more than headline supply.
Washington's changed test raises the bar for USDT: reserve credibility now depends on audit-grade scrutiny, not only a point-in-time disclosure.
The reserve cushion strengthens USDT's backing signal, while the physical gold count gives regulators and counterparties a concrete verification point.
A state-owned bank would hold the keys, making custody, the $58,000 ceiling and compliance rules central to legal access.
The whitelist legitimises bitcoin, ether and USDT inside a formal Russian retail channel for the first time, but the per-intermediary cap structure leaves an obvious aggregation workaround for…
The proposal marks a sharp reversal from years of crypto hostility in Moscow, and would open one of the world's largest economies to regulated spot trading in the three most liquid digital assets.
With the access method unresolved and roughly $972M already stolen across the sector by late July, the incident sharpens focus on exchange withdrawal controls.
The Saudi landing gives Tether its first Middle East foothold and a Vision 2030-aligned partner stack to take Hadron beyond USDT into the broader RWA rails banks are scaling fast.
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.
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.
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.
Gold perps alone peaked at $7.77B in daily volume on Binance; the new European-style options, settled in USDT through ADGM-regulated Nest Exchange, layer on top of that demand with retail capped at…
Coinbase Institutional figures show entity-adjusted stablecoin volume running well above $1T a month while supply has only doubled since early 2024, a divergence that reframes the asset class as…