Stablecoins
The latest Stablecoins news, analysis, and updates.
Lummis Presses Senate on CLARITY Act as GENIUS Act Turns One
On the GENIUS Act's first anniversary, Senator Lummis is pushing the Senate to pass the CLARITY Act before its August recess.
OKX Europe Opens One-Way USDT-to-USDC Exit Under MiCA Pressure
OKX Europe now lets USDT holders in 30 countries convert to MiCA-compliant USDC, with an 8% bonus, as Tether refuses to seek authorization.
Visa Opens a Stablecoin Platform for Open USD, Circle's New Rival
Visa's new enterprise platform lets banks mint and manage Open USD, handing Circle's USDC a well-funded rival with 140-plus backers.
Mayan Says $6B Has Moved Into Solana Through Its Swap Route
The intent-based swap protocol reports 3 million swaps from 1 million wallets landing on Solana, with two-thirds of the volume originating on Ethereum.
EU Plans to Reopen MiCA to Rein In Foreign Stablecoin Issuers
Brussels plans to revise MiCA by 2027 to cover foreign stablecoin issuers and tokenization, with a public consultation running through September 30.
Tether Burns $2.5 Billion of USDT on Ethereum as Redemptions Clear
Tether destroyed $2.5 billion of USDT on Ethereum in a routine redemption burn, cutting the network's supply about 1.3% with no market reaction.
UK Finalizes Crypto Rulebook, Halves Stablecoin Capital Floor
The FCA's June 30 rulebook pulls crypto under formal oversight, imports market abuse rules, and sets stablecoin capital at 1%, half the original plan.
$17.5B in USDT Exits EU Exchanges for DEXs After MiCA
Tether skipped MiCA authorization, and $17.5 billion in USDT has drained from EU exchanges onto DEXs, self-custody, and offshore venues.
Clarity Act Passage Odds Fall to 48% as Jefferies Warns of Volatility
Prediction markets now give the Clarity Act a 48% chance of passing this year, down from 70% in May, and Jefferies warns the fight will move markets.
FCA Orders UK Crypto Firms to Hold Capital and Run Annual Stress Tests
The FCA's new framework, effective next October, makes crypto firms hold capital against risky assets and run their own annual stress tests.
Tether Brings Its $23 Billion Gold Reserve to Lender Ledn
XAUT holders will be able to borrow against tokenized gold on Ledn later this year, turning bullion into bitcoin-style collateral.
Senate Has 20 Working Days to Pass the CLARITY Act
Republicans want a Senate vote on the CLARITY Act before the August recess, leaving about 20 working days to settle ethics and Trump-related fights.
Solana's Frontier Hackathon Draws Record 2,857 Projects
Colosseum's fifth hackathon drew over 10,000 builders and 2,857 final projects, with robotics DePIN CrowdBrain taking the $30,000 grand prize.
World Series of Poker Will Take Solana Buy-Ins for the First Time
Players can buy into the 2026 World Series of Poker with USDC, USDT, or SOL at zero fees, and Solana Foundation signs on as presenting sponsor.