Whale Entity Borrows $30 Million in USDT to Accumulate Ethereum
The on-chain entity known as 7 Siblings returned to Ethereum accumulation after a four-month lull, borrowing stablecoins through Spark and buying ETH during the latest…
Stablecoins
Coverage of USDT, USDC, USDe and newer dollar tokens: supply changes, reserves and audits, bank-issued stablecoins and the rules governing payment stablecoins.
81 stories
StablR Stablecoins Lose Pegs After Multisig Takeover
StablR’s EURR and USDR stablecoins lost their pegs on May 24, 2026, after an attacker exploited a 1-of-3 multisignature setup to seize administrative control of minting…
Non-USD Stablecoins Struggle to Break Dollar Dominance
Non-USD stablecoins still account for only about 0.24% to 0.5% of the broader stablecoin market, based on aggregated April-May 2026 data.
Banks Push Senate to Tighten Stablecoin Yield Rules in CLARITY Act
The American Bankers Association and allied trade groups have escalated lobbying ahead of the May 14, 2026 Senate Banking Committee markup of the Digital Asset Market…
Scaramucci Warns CLARITY Act Could Stall Until 2029
The Senate Banking Committee has scheduled a May 14, 2026 markup on the CLARITY Act, but Anthony Scaramucci warned that the bill’s Senate path could stretch to 2029 or…
Banks Warn CLARITY Act Could Let Stablecoins Mimic Deposit Interest
Major U.S. banking trade groups are warning that compromise language in the CLARITY Act could allow crypto platforms to offer deposit-like stablecoin rewards while…
Mastercard Pushes Card Settlement Onto Blockchain Without Changing Checkout
Mastercard has shifted the backend of its payments infrastructure onto a permissioned Multi-Token Network, or MTN, in a move that leaves the consumer checkout experience…
Societe Generale-FORGE brings MiCA-compliant USD stablecoin to MetaMask’s users
Societe Generale-FORGE has moved its dollar stablecoin, USD CoinVertible (USDCV), into the MetaMask wallet ecosystem, a step announced on April 15, 2026 that gives the…
Banks push back on White House stablecoin-yield report, warn of deposit flight and local lending harm
A policy clash is taking shape in Washington over whether payment stablecoins should be allowed to offer yield, and the outcome could reshape deposit flows…
Circle says legal limits stopped it from freezing roughly $285 million in USDC after Drift Protocol exploit
Circle has drawn a hard line after the April 1 Drift Protocol exploit, arguing that its power to freeze USDC is a legal mechanism, not an emergency switch it can flip at…
HSBC and Standard Chartered joint venture secure Hong Kong’s first stablecoin issuer licenses
Hong Kong has opened its regulated stablecoin era by granting its first fiat-referenced issuer licences to HSBC and Anchorpoint Financial, the Standard Chartered-led…
Stablecoins reshape payments as on‑chain volumes top $33 trillion
Stablecoins are no longer a side channel inside crypto. In 2025, they moved $33 trillion, and by early 2026 the sector’s market capitalization had climbed past $316…
South Korea’s draft Digital Assets Act folded stablecoins and tokenized RWAs into existing finance laws
South Korea’s Democratic Party used its February 23, 2026 unified draft of the Digital Assets Basic Act to do something more consequential than propose another crypto…