US Senate to vote on advancing CLARITY Act in September after Thune files cloture
The procedural move puts crypto market structure legislation back on track as lawmakers continue negotiations over ethics and stablecoin provisions.…
Tether expands tokenization business into Saudi Arabia, starting with real estate
The stablecoin issuer is extending its tokenization business into Saudi Arabia, starting with institutional real estate assets with plans to expand to other…
Yen stablecoin issuer JPYC’s Series B reaches $38M
JPYC said it plans to use the new capital to expand its financial and Web3 ecosystem and accelerate adoption of its yenpegged token. Source：Cointelegraph
Tether posts $1.5 billion operating profit in Q2 as reserve buffer falls by half
The world’s largest stablecoin issuer added 14 metric tons of gold and about 1,800 bitcoin to its reserves during the second quarter. Source：CoinDesk
Tether earns $1.5B in Q2 as US Treasury holdings fuel profits
Tether’s reserve surplus grew to $4.11 billion in the second quarter as USDT supply rose despite a weaker stablecoin market and continued pressure across the…
Mirae plans to turn crypto exchange Korbit into something Korea hasn't seen before
The South Korean financial giant says its Korbit – soon to be rebranded as Digital X – is just the starting point for a broader ecosystem that connects RWAs,…
OKX Europe lets users convert USDT to MiCA-compliant USDC
The feature offers European customers a voluntary path away from Tether’s USDT as MiCA rules reshape the region’s stablecoin market. Source：Cointelegraph
Galaxy targets institutional stablecoin yield with new DeFi vaults
The crypto financial services firm launched Galaxy Curator, a Morphobased platform that gives Fireblocks' 2,400 institutional clients access to onchain yield…
Hyundai completes USDT treasury settlement pilot between US and Mexico
Hyundai completed a proofofconcept using Tether's USDT to settle a crossborder treasury transfer between its US and Mexican subsidiaries, highlighting growing…
USDT wins payments, USDC wins DeFi as stablecoins diverge: Dune
Dune data shows Tether's USDT has become crypto’s dominant payments stablecoin while Circle's USDC powers DeFi, highlighting how blockchain choice shapes…
Former Tether investment chief is looking to sell part of his stake in the stablecoin giant: Bloomberg
Richard Heathcote is reportedly working with PJT Partners to find a buyer for a small part of his 1.26% holding in the issuer of USDT following his transition…
Former Tether CIO seeks to sell stake in stablecoin issuer, Bloomberg reports
The reported transaction comes as Tether maintains it has no plans to go public, even as other crypto companies pursue or delay IPOs. Source：Cointelegraph