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
stablecoins
Tether Surges $1.3B Profit Q2
Tether reports $1.3B Q2 profit with $5.2B in excess reserves, reinforcing its position as the largest dollar stablecoin in crypto. #Update #Crypto $USDT
USDC Backing Surpasses Circulating Supply
Circle’s latest USDC reserve attestation by Deloitte shows reserves at $34.5B, exceeding circulating supply, backed by U.S. Treasury bills and repo agreements. #Update #Crypto $USDC
Bitcoin and Ethereum Launch Public Trading in Russia
The Bank of Russia proposes public crypto trading limited to $BTC, $ETH, and $USDT, capping non-qualified residents at ₽300,000 annually per broker; final directive pending by Aug. 24. #Update #Crypto $BTC $ETH $USDT
USDC Transfers Hit $32 Trillion Milestone
Circle processed $32 trillion in adjusted USDC transfer volume in 2026, with 95% of revenue from reserve income; Arc’s mainnet launch on Sept. 16 aims to enhance fee generation. #Update #Crypto $USDC
Tether Completes Audit Amid Regulatory Changes
@Tether reports KPMG issued an unqualified opinion on its 2025 financials, showing $6.814B in reserves over liabilities. This marks Tether’s first full audit by a Big Four firm. #Update #Crypto $USDT
USDC Sales Continue on Coinbase Despite Deadline
@Coinbase’s cutoff for USDC deposits on Noble passed, yet Circle still directs users to Coinbase for transactions. The risk of unrecoverable funds is noted. #Update #Crypto $USDC
USDC Launches Chelsea Sponsorship Deal
@ChelseaFC partners with @Circle to feature $USDC as the main shirt sponsor for the 2026/27 season, debuting on Aug. 30 against Brighton. #Update #Crypto $USDC
Stablecoin Rails Expand with $32M Boost
Trace Finance raised $32M in Series A led by CoinFund to expand stablecoin infrastructure across Brazil, the US, and emerging markets. Investors include Coinbase Ventures and Paxos. Finance
Stablecoin Rules Launch Under New GENIUS Act
U.S. agencies propose new customer-ID rules for stablecoin issuers under the GENIUS Act, requiring identity verification and record maintenance similar to banks. #Update #Legal $USDT
Bitcoin Bull Run Slows as Investor Appetite Shifts
Next bull run will be slower, as Wall Street shifts focus to AI and tokenization, while interest in $BTC remains high. Bitwise’s Matt Hougan predicts a long-term bullish outlook. #Update #Crypto $BTC
USDC Card Halts Non-EEA Services
@ReadyCard halts service for non-EEA users due to card issuer transition, highlighting stablecoin reliance on traditional payment systems. #Update #Crypto $USDC
Binance Limits USDT in Europe Pre-MiCA
Binance, Coinbase, and Kraken restrict $USDT in Europe under MiCA, boosting $USDC and EURC as compliant alternatives. Final compliance deadline: July 1, 2026. #Update #Crypto $USDT
Fidelity Joins Wall Street’s Stablecoin Race
@Fidelity launches a money market fund for stablecoin issuers, compliant with the GENIUS Act, investing in short-term U.S. Treasury securities and cash to manage reserves efficiently. #Update #Crypto $USDC