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…
US Senate to vote on advancing CLARITY Act in September after Thune files cloture
The procedural move puts crypto market structure legislation back on track as lawmakers continue negotiations over ethics and stablecoin provisions.…
Tether expands tokenization business into Saudi Arabia, starting with real estate
The stablecoin issuer is extending its tokenization business into Saudi Arabia, starting with institutional real estate assets with plans to expand to other…
Yen stablecoin issuer JPYC’s Series B reaches $38M
JPYC said it plans to use the new capital to expand its financial and Web3 ecosystem and accelerate adoption of its yenpegged token. Source：Cointelegraph
Tether posts $1.5 billion operating profit in Q2 as reserve buffer falls by half
The world’s largest stablecoin issuer added 14 metric tons of gold and about 1,800 bitcoin to its reserves during the second quarter. Source：CoinDesk
Tether earns $1.5B in Q2 as US Treasury holdings fuel profits
Tether’s reserve surplus grew to $4.11 billion in the second quarter as USDT supply rose despite a weaker stablecoin market and continued pressure across the…
Mirae plans to turn crypto exchange Korbit into something Korea hasn't seen before
The South Korean financial giant says its Korbit – soon to be rebranded as Digital X – is just the starting point for a broader ecosystem that connects RWAs,…
OKX Europe lets users convert USDT to MiCA-compliant USDC
The feature offers European customers a voluntary path away from Tether’s USDT as MiCA rules reshape the region’s stablecoin market. Source：Cointelegraph