Stablecoins
DeFi

Tether uses $127M Drift rescue to challenge Circle’s grip on Solana payments

USDT stablecoin issuer Tether has stepped in to anchor a massive recovery plan for Drift Protocol, the Solana-based decentralized exchange…
Infrastructure

Drift Secures $147.5 Million From Tether, Drops Circle’s USDC After Massive Exploit

Tether commits $127.5 million to fund Drift’s recovery and relaunch on Solana, while a class action targets Circle for failing…
DeFi

Tillis Delays Clarity Act Stablecoin Yield Text, Citing Uncertainty Over Markup Timing

Sen. Thom Tillis said he won’t release the stablecoin yield compromise text this week, pushing back a key step in…
Payments

Ripple’s dollar stablecoin hits a wall in Japan, one of XRP’s friendliest markets, as megabanks earn most of the trust

Japan has long been one of Ripple’s most fertile markets. SBI’s investment in Ripple dates to 2016, SBI Remit launched…
Infrastructure

Class Action Lawsuit Filed Against Circle Over Drift Protocol $280 Million Hack: Gibbs Mura Law Group

Law firm charges Circle Internet Financial with failing to freeze $230 million in stolen USDC after the April 1 Drift…
Stablecoins

Tennessee Senate Committee to Weigh State Bitcoin Reserve Next Week

Bitcoin Magazine Tennessee Senate Committee to Weigh State Bitcoin Reserve Next Week Tennessee lawmakers will take a fresh look at…
Payments

Crypto's new $11 million PAC booked millions in ads with firm started by Tether US CEO

While Tether has been closely associated with the emerging political action committee, the opening funding came from Cantor Fitzgerald and…
Payments

Tether adds $70 million in bitcoin to reserves, bringing holdings above 97,000 BTC

The USDT stablecoin issuer has now accumulated over $7.1 billion in bitcoin as part of its strategy to recycle up…
Payments

Tether moves over $70 million in bitcoin to reserves, on-chain data shows

Bitcoin Magazine Tether moves over $70 million in bitcoin to reserves, on-chain data shows Tether transferred roughly $70.5 million in…
DeFi

White House exposes stablecoin yield ban wouldn’t help banks, raising the stakes for CLARITY in the Senate

White House study sharpens CLARITY’s core fight as Senate execution remains the real test A recent White House economic study has…