Stablecoin Card Launches with VisaNet Data
@Visa’s stablecoin settlement volume exceeds $20 billion annualized, a 15x increase YoY; it aims to leverage this data for blockchain lending to issuers. #Update #Crypto $USDC
Stablecoins
Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Stablecoin Pilot Launches in Uzbekistan
Uzbekistan’s National Agency for Prospective Projects (NAPP) has launched a 12-month pilot for HUMO, a som-pegged stablecoin backed by government securities, involving over 20 merchants and banks. #Update #Crypto $MNT
Stablecoin Launches QR Payments in 15 Markets
OrbitX launches stablecoin-powered QR payments in Vietnam and the Philippines, enabling direct spending of digital dollars at local vendors without bank accounts. #Update #Fintech
Swiss Stablecoin Sandbox Launches Testing Phase
Nine Swiss companies, including @SIX_group and @TWINT, are testing the CHFD stablecoin for programmable payments to enhance online marketplace security and efficiency. #Update #Crypto $CHF
Tether Gold Reserves Surge Beyond $210M
Tether’s Alloy reserves surpass $210M, highlighting interest in gold-backed synthetic dollars overcollateralized by Tether Gold, distinct from fiat-backed $USDT. #Update #Crypto
JPMorgan Chase Launches New Stablecoin Initiative
@JPMorgan is reviewing the launch of its own stablecoin, separate from a consortium of 21 banks including @BankofAmerica and @GoldmanSachs, aiming for a dollar-pegged token by mid-2027 #Update #Crypto
Ethereum Launches Stablecoin Gas Fee Payments
Ethereum developers have included EIP-8141, enabling stablecoin gas fee payments, in the Hegotá upgrade set for 2027, enhancing user experience and flexibility in transactions. #Update #Crypto $ETH
USDT Control Threatened by Two Key Hack
@Hacken reports that compromising two signing keys could enable control over $91.3 billion in $USDT on TRON, with no timelock or issuance limits identified. #Breaking #Crypto $USDT (-8) ↘
Stablecoin Wallets Surpass Bank Accounts as Money Hubs
Industry leaders are discussing the potential impact of digital dollar wallets on traditional banking, debating whether they will replace bank accounts or enhance existing systems. #Update #Crypto
USDT Breach Could Risk $91 Billion Control
A new framework by a rating agency integrates Wall Street auditing and Web3 code reviews to assess off-chain reserves and on-chain security, amid concerns of a potential $91 billion USDT breach. #Update #Crypto $USDT
Tether Sued as Blockchains Halt Amid Volatility
Bitcoin briefly surged to $82,300 on Sept. 3 after a drop earlier in the week, while Tectonic faced a $75 million attack, prompting multiple blockchain outages. A lawsuit against Tether was also filed. #Update #Crypto $BTC
Tether-Backed Orionx Shuts Down After $7M Gap
@Orionx is shutting down after a forensic audit revealed over $7 million in custodial assets mismanagement. Withdrawals are suspended as the exchange prioritizes client asset recovery. #Breaking #Crypto $USDT
Binance Launches Stablecoin Partnership with Kazakhstan
@Binance has signed three memorandums with Kazakhstan’s government to explore a stablecoin launch and develop digital-payment infrastructure, potentially relocating regional operations to the country. #Update #Crypto $BNB
Tether Faces Lawsuit Over Frozen Crypto Coins
Two Thai businessmen have sued @Tether for allegedly freezing $42.4M in $USDT linked to a pig butchering scheme, testing stablecoin issuer authority. #Breaking #Legal $USDT