Latest updates, press releases, and insights from the volatile world of digital assets.
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
Circle has gained final approval from the U.S. Office of the Comptroller of the Currency to establish Circle National Trust, a federally regulated entity focused on digital asset custody that strengthens operations around its USDC stablecoin
Tether's stablecoin USDT overtook Ethereum in market capitalization, reaching around $186 billion as ETH experienced a price drop to near $1,500 levels. This marks a notable change in crypto rankings driven by stablecoin demand and market conditions
Circle and Nomura plan to launch a USDC-based service for Japanese firms by 2027, enabling faster yen-to-dollar stablecoin conversions for cross-border payments and foreign exchange settlements
A sophisticated multi-week exploit targeted the Ethereum sandwich bot, resulting in the loss of millions in WETH, USDC, and USDT. The operator has offered a bounty and signaled plans for legal action
Main Street USD (msUSD) lost its dollar peg and plunged sharply following the termination of its partnership with proof-of-reserves provider Accountable, triggering market panic, liquidations, and heavy losses for holders and connected DeFi positions
Nigeria leads sub-Saharan Africa in stablecoin use, accounting for about 60% of regional inflows, but the IMF cautions that dollar-denominated digital assets risk weakening the naira and complicating monetary policy
Stripe, Visa, and Mastercard are reportedly preparing a joint stablecoin initiative that could reshape the $325 billion market long dominated by Tether and Circle, with Coinbase also considering participation in the project
Mastercard has announced a major update to its global payments network, adding support for several leading stablecoins including Circle's USDC, PayPal's PYUSD, and Ripple's RLUSD
Binance has rolled out access to more than 7,000 US stocks and ETFs for users outside the United States, marking a significant step in its effort to build a comprehensive financial platform that combines crypto and traditional investments
