Latest updates, press releases, and insights from the volatile world of digital assets.
The US Treasury Department, working with Tether, froze approximately $131 million in USDT held in four Tron network wallets connected to Iran’s Central Bank amid escalating regional tensions
JCB, Japan’s leading card network, has signed a memorandum of understanding with Circle to test USDC stablecoin applications. The effort starts with internal treasury transfers and extends to retail payments at stores serving international visitors
Bolivia is evaluating the use of Tether's USDT stablecoin alongside the boliviano and US dollar in its payment infrastructure amid ongoing dollar shortages
The stablecoin market cap fell roughly $10 billion from its May peak, with a $7.7 billion decline in June alone marking the largest monthly drop since the 2022 Terra event, though the overall contraction stands at just 3 percent
Thailand’s central bank and securities regulator are stepping up checks on large cash movements and stablecoin transactions to curb hidden capital flows, with new rules targeting deposits over 5 million baht and closer review of USDT activity
Stablecoins tied to the US dollar can improve access to foreign currency in economies with managed exchange rates, yet new IMF research points to increased risks of rapid currency outflows during periods of stress
Hyundai Card executed a $20,000 USDT transfer between its US and Mexico subsidiaries in seven minutes using the Avalanche network, marking a real intercompany settlement
Tether's former chief investment officer is working with PJT Partners to sell part of his 1.26% ownership in the stablecoin issuer, offering a rare view into the privately held company's structure amid ongoing audit preparations
Tether prepares to issue USDT natively on Bitcoin through the RGB protocol in partnership with UTEXO, enabling use of Bitcoin addresses and Lightning Network for transfers. The move returns the stablecoin to its original blockchain after years on other networks
Revolut is removing support for Tether's USDT stablecoin in eligible European accounts due to the EU's Markets in Crypto-Assets framework. Users have until August 31 to act on their holdings
