Key Highlights: Federal asset seizures targeting accounts tied to payment processor Capstone Limited have plunged Dominica-based EQIBank into a severe liquidity crisis, freezing approximately 80% of its monetary assets. Government forfeiture filings allege Capstone deceived major U.S. financial institutions by masquerading as an application development firm while processing hundreds of millions in transactions linked to ...
Key Highlights Polygon has surpassed 8.1 million Tether ($USDT) holders, establishing the largest USDT holder base across all blockchain networks. The growth milestone was highlighted by the commentator @0xPolygon on Twitter, underscoring the expanding stablecoin adoption on the layer-2 network. This surge in holders reflects robust network engagement and infrastructure strength, even amid mixed market ...
Key Highlights: Stablecoin Development Corp shares experienced an abrupt surge beginning September 25 before retreating to approximately $4.50 per share with no clear news driving the action. Short sellers have faced limited and expensive share availability, while the firm told the SEC it cannot explain the unusual trading volume or determine who is driving it. ...
Key Highlights: U.S. authorities and lawmakers intensified crypto enforcement, with the Treasury targeting the Russia-linked A7 Network and a Senate subcommittee scrutinizing Tether’s sanctions controls. In Europe, ESMA recommended broadening the Markets in Crypto-Assets (MiCA) framework to regulate DeFi intermediaries, technical interfaces, and staking activities. The UK Financial Conduct Authority (FCA) officially opened its authorization ...
Key Highlights Binance processed $5 million to $10 billion in daily USDC spot trading volume throughout 2026, capturing 10-20 times more activity than most other exchanges which typically stay below $500 million daily. USDC’s market capitalization reaches approximately $74 billion, remaining the second-largest dollar stablecoin behind Tether’s USDT at roughly $140 billion. Circle is expanding ...
Key Highlights Circle and Tether froze approximately $320,000 in USDC and USDT stablecoins linked to the Bitget exchange hack, leveraging built-in blacklist controls. The attacker moved roughly 54 million XRP from the original five holding wallets overnight, reducing the balance from 70 million to 49 million tokens in eight hours. XRP traded near $1.54 on ...
Key Highlights Tether confirms exposure to EQIBank is less than 0.034% of total group assets, approximately $64 million based on its June 2024 attestation of $187.75 billion. U.S. authorities seized funds from Capstone, a payment processor used by EQIBank to move customer money through Wells Fargo and JPMorgan Chase accounts, alleging misrepresentation of business activities. ...
Tether CEO’s ‘Decentralized Ownership’ Claim Faces Scrutiny Over Legal and Economic Reality Paolo Ardoino offered a striking answer to a familiar U.S. debt problem: replace concentrated foreign buyers with hundreds of millions of stablecoin users. In an Aug. 31 episode of The Wolf of All Streets, the Tether CEO said the company had created the ...
Tether and Fasanara Capital Launch $400M StableFund to Bridge SME Financing Gap With USDT Infrastructure Tether and Fasanara Capital announced the launch of StableFund on September 9, unveiling an evergreen private credit vehicle backed by $400 million in co-investment from the two sponsors. The fund combines Tether’s USDT settlement infrastructure with Fasanara’s global fintech lending ...
Tether has frozen approximately $39.27 million in USDT across 10 TRON blockchain addresses linked to Xinbi Guarantee, a Telegram-based escrow platform, according to blockchain analytics firm MistTrack. The freeze, executed on September 8, 2026, involved 39,273,713 USDT and marks the second major action by the stablecoin issuer targeting Telegram-based guarantee services in recent months. MistTrack ...