Tether Reveals $141 Billion US Debt Risk
@Tether’s US Treasury exposure exceeds $141 billion, making it the largest non-sovereign holder of US debt, raising concerns about stablecoin risks in mainstream finance. #Update #Crypto $USDT
Stablecoins
Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Tether Billionaire’s $6.7M Gift Sparks Controversy
The UK’s Labour Party demands Nigel Farage explain a $6.7M gift from Tether investor Christopher Harborne, amid scrutiny over potential parliamentary rule breaches. Legal
USDT Powers $2M Toll in Hormuz
Iran collects up to $2M per vessel at the Strait of Hormuz, some payments in $USDT. U.S. OFAC warns maritime firms of sanctions risk with Iranian digital assets. #Update #Crypto $USDT
Terra Luna Holders Defy Do Kwon Exit
Pedro, known as Vegas in the Terra Luna Classic community, remains a pivotal figure despite internal conflicts and accusations. $LUNC price rose 17.3% last year but is down 99.99% from its peak. #Update #Crypto $LUNC
Stablecoin Settlement Test Launches with Visa
@Visa is testing private stablecoin settlements using SBC with @Brale and the Canton Network, aiming for institutional payment efficiency without disclosing transaction data. #Update #Crypto $USDC
USDT Surges to 100 Percent in Latam
@Oobit reports $USDT commands nearly 100% of stablecoin market volume in Latam, driving 202% growth in Brazil with Visa-linked wallets. #Update #Crypto $USDT
Stablecoin Payments Risk Tax Evasion Surge
Rep. Brad Sherman criticizes stablecoin payments, citing tax evasion concerns, during a House hearing on GENIUS Act implementation; NCUA’s Kyle Hauptman advocates for their efficiency. #Update #Crypto
Bitcoin Mine Launches in Brazil with Tether
Adecoagro and @Tether announce a July 1st launch for a sugarcane-powered Bitcoin farm in Brazil, enhancing eco-friendly crypto mining. #Update #Crypto $BTC
Stablecoin Distribution Expands as Bybit Joins USDPT
@Bybit joins @WesternUnion’s USDPT network, enhancing liquidity for its dollar-pegged token as payment providers increasingly adopt stablecoins. #Update #Crypto $USDT
Visa Tests $1T Stablecoin Settlement
Visa and Brale launched a proof of concept for SBC stablecoin settlement, focusing on privacy features for institutional payments. #Update #Crypto
Stablecoin Boosts Revolut’s US Bank Ambitions
@Revolut plans to launch a U.S. bank offering FDIC-insured accounts and stablecoin trading, as the Bank of England predicts declining stablecoin popularity amid regulatory developments like the GENIUS Act. #Update #Crypto $USDC
Tether Launches Gold-Backed Visa Card
Tether commits $1M in XAUT to launch the world’s first gold-backed Visa card with Fasset, offering up to 6% cashback in XAUT. #Update #Crypto $USDT
Mastercard Launches Stablecoin Support on 8 Blockchains
@Mastercard plans to integrate regulated stablecoins like $USDC across eight blockchains for on-chain card settlements, enhancing liquidity management with new settlement cycles. #Update #Crypto $USDC
Tether Launches Gold Stablecoin Visa Card
Tether launches a gold-backed Visa card with Fasset, converting XAUT to $USDT and fiat, offering up to 6% cashback in XAUT. #Update #Crypto $USDT