Ondo Called It Expansion, Then Halted USDY on Two Chains
Ondo stopped minting USDY on Aptos and Noble on September 8. The tokens stay redeemable, but Noble is the chain that feeds USDY to the Cosmos networks.
Ondo stopped minting USDY on Aptos and Noble on September 8. The tokens stay redeemable, but Noble is the chain that feeds USDY to the Cosmos networks.
USDT holds close to 60 percent of stablecoin supply, yet Visa adjusted data shows USDC settling nearly two thirds of the real dollars that actually move.
Scott Bessent bet stablecoins would become a big new buyer of US Treasuries. Supply has slipped to a six-month low as the GENIUS Act sends yield elsewhere.
Twenty-one global banks are building a dollar stablecoin for 2027, but Tether, Circle and a 140-firm Open USD bloc already control the rails they want.
The GENIUS Act set a one-year deadline for stablecoin rules that lapsed in July 2026. Regulators keep drafting while the market held near $303 billion.
Plasma was built to move stablecoins for free and rival TRON. XPL trades 95% below its high, and the base chain earned $573 in a day.
The OCC gave World Liberty a national trust bank charter on August 14. The win serves its $4 billion USD1 stablecoin, not WLFI, which gained just 0.7%.
Tether's first full KPMG audit certifies a December 2025 snapshot. Its own June report shows the reserve buffer already down 40 percent.
Twenty One Capital posted a $413.5M Q2 loss, but 97% was bitcoin repricing. The buried number is a 1.07x mNAV and a CEO conceding the premium is closing.
Coinsbuy says it replenished wallets after an $8 million hack across Ethereum and Tron. On-chain data shows the refund covered only about half.
BitMEX settles four September futures 46 days early on August 10. Three adjustment rates came back at 1.00, one at 1.03, and 18 contracts go Tuesday.
Treasury sanctioned two more Iranian crypto venues on August 7. The June round covered 72% of inflows; the new case names flows of $2 million.
Seoul police say a fake Flare staking site took 3.4 million XRP from 71 investors. The wallets behind it moved more than twice that sum.
June stablecoin volume hit a record $1.79 trillion while supply shrank. USDC turned over its float 16 times. USDT managed three.
Hormuz Safe settles maritime cargo insurance in Bitcoin, bypassing SWIFT entirely. Iran's Ministry of Economic Affairs says the platform could generate $10 billion. The website is already up. Whether anyone outside Iran will use it is another question.
SoftBank contributed roughly 10,500 BTC when Twenty One Capital launched. Six months later, Tether bought the entire position, removed SoftBank's board seats, and took uncontested control of a company sitting on 43,514 BTC worth $3.4 billion.
Tether is the largest stablecoin issuer in crypto, and USDT is the most traded asset in the entire market by daily volume. The company’s decisions ripple across exchanges, lending markets, and the broader liquidity picture in ways that few realize until something breaks. The coverage here tracks what matters: USDT supply changes as a leading indicator of capital flows, reserve attestations from BDO and the question of when a full audit finally arrives, Tether’s Bitcoin treasury now sitting above 97,000 BTC, the profit numbers that make Tether one of the most profitable financial firms per employee in the world, and the enforcement actions that increasingly involve Tether as a partner rather than a target. The company’s relationship with US authorities has shifted. Tether now executes the largest enforcement freezes in its history at the direction of the Department of Justice, including the recent $2 billion USDT freeze tied to Iran sanctions. Coinliva covers the freezes, the reserve moves, the lawsuits, the executive statements from CEO Paolo Ardoino, the political angle as Tether positions itself closer to US policy goals, and the structural question that never goes away: what happens to the entire crypto market if Tether ever fails to honor a redemption.