Tether pushes into private credit with $400 million fund with Fasanara
The USDT issuer will help source lending opportunities and provide stablecoin payment infrastructure for Fasanara's private credit network. Source：CoinDesk
Crypto Long & Short: Inside the 300-to-1 onchain gap between the dollar and euro
Ryan Connor of RockawayX writes that the dollar leads the euro about 3 to 1 across the offchain economy and more than 300 to 1 onchain. Europegged stablecoins…
Franklin Templeton digital asset veteran takes helm at StablecoinX
Former Franklin Templeton digital asset executive Christopher Jensen will lead StablecoinX, the largest corporate holder of Ethena’s ENA token.…
Stablecoin wallets challenge traditional bank accounts as main consumer money hub
Industry leaders debate whether digital dollar wallets will dismantle traditional bank accounts or simply modernize the underlying infrastructure.…
Ethena pushes stablecoins into everyday banking with high-yield savings, cards and payments
Ethena Pay offers a 6% dollar savings rate and 5% card cashback, using Avalanche for settlement. Source：CoinDesk
Bitcoin and Ether bears get decimated amid 'squeeze-led' rally and Musk's X wants to pay creators in stablecoins: Crypto week in 5 stories
Bitcoin and crypto staged their strongest rally in months as Treasury intervention, regulatory moves and a historic short squeeze collided, while banks and…
Cash App's crypto support expands beyond bitcoin and USDC via MoonPay
Eligible Cash App users will be able to use their balances to purchase digital assets offered by MoonPay, which include ether, solana and stablecoin USDT.…
XRP slips below $1 even as a Korean regional bank adopts Ripple Payments
Jeonbuk Bank will use Ripple’s 24/7 crossborder payment service for business remittances, but it is unknown whether the flows will use XRP or Ripple’s RLUSD…
U.S. Treasury Department proposes GENIUS Act stablecoin rule
The Treasury proposal would establish some of the core definitions and jurisdictions in the law Congress completed last year. Source：CoinDesk
Galaxy lowers CLARITY Act odds to 10%
Galaxy cited unresolved ethics, stablecoin yield and developer protection issues, along with a narrow Senate window when lawmakers return in September.…
Tether says it completed long-promised 'Big Four' audit of finances behind $180 billion USDT stablecoin
KPMG U.S. examined Tether's books and even counted its gold bars as the $180 billion USDT issuer said it completed its longpromised financial audit.…
TRON USDT supply hits $87.9B as transfers reach $2.1T in Q2: Messari
Messari reported that TRON recorded alltime highs in stablecoin supply and network activity during the second quarter, while DeFi and decentralized exchange…