Stablecoin issuer Tether is expanding into the realm of private credit.
The company behind USDT coin (CRYPTO: $USDT) is partnering with British ******* et manager Fasanara Capital and putting $400 million U.S. into a fund that plans to use its stablecoin to move money globally.
Specifically, Tether and Fasanara Capital are joining forces to support StableFund, a private credit vehicle that aims to raise as much as $3 billion U.S. from institutional investors.
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#stablecoin #credit

Iran is increasingly using cryptocurrencies to settle cross-border trade as the country faces intensifying U.S. sanctions and a naval blockade, the Financial Times reported on Sep. 8.
A cryptocurrency is a digital currency that runs on a blockchain, a shared public ledger, allowing money to move across borders without passing through the traditional banking system.
The country's central bank has in recent months quietly eased its strict foreign currency controls, encouraging businesses to bring funds back into the country through whatever channels are available, including crypto exchanges that handle Tether's USDT and Bitcoin (BTC), citing regime insiders, business executives and **** ysts, the report said.
Tether's USDT is a stablecoin, a type of cryptocurrency designed to hold a steady value against the U.S. dollar, making it useful for trade settlements.
Bitcoin is the world's first and largest decentralized cryptocurrency which has seen a wild appreciation in its value since its launch in 2009.

#trade #Iran

KiiChain has integrated TRON (CRYPTO: $TRX) into its on-chain foreign exchange platform, adding support for 24/7 stablecoin payments, swaps and treasury operations across a network that carries more than $90 billion in circulating USDT (CRYPTO: $USDT).
The KiiChain App will support deposits, swaps and yield vaults for TRON-based **** ets, including USDT issued under the TRC20 standard. The companies said the connection is designed to give users and businesses continuous access to foreign exchange liquidity without relying on traditional banking hours.
KiiChain already serves more than 200 enterprise clients and 360,000 registered users. TRON DAO spokesperson Sam Elfarra said more than $500 million in on-chain FX transaction volume is already flowing through KiiChain on TRON, giving the integration an operating base beyond a standard network expansion.
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#kiichain #foreign #exchange

Crypto card spending hit a monthly record, with stablecoin-funded purchases climbing to $1.03 billion, or $1.04 billion in supplementary reporting based on PaymentsScan data. PaymentsScan, an on-chain ******* ytics platform that tracks card activity across dozens of issuers, reported that the figure was up 16% from June and nearly 200% from a year earlier.
More than 10 million individual purchases were logged in July alone, according to PaymentsScan data cited on X by The Kobeissi Letter. Just three years ago, PaymentsScan's tracked monthly volume was roughly $1 million. The climb from $382 million in August 2025 to more than $1 billion in July 2026 marks sustained growth in the platform's tracked data.
PaymentsScan tracks card issuers across Ethereum, Solana, Base, Tron and Polygon, spanning providers including RedotPay, KAST, Gnosis Pay, Wirex and Rain-issued cards.
A supplementary report from Bitcoin World, put July spending at $1.04 billion. The report said USDT and USDC were the dominant stablecoins used for such payments, while noting that an exact breakdown by network was not disclosed. The figures point to digital dollars as a major funding source for crypto-card purchases.
Stablecoin cards can offer near-instant settlement and access for users without a local bank account. As more regional issuers launch and stablecoins continue settling faster than multi-day card networks, PaymentsScan's tracked monthly volume has continued to rise.

#billion #july #data

Tether's USDT (CRYPTO: $USDT) remains the world's dominant stablecoin despite rising competition in the digital **** et **** e.
Data from NOWPayments shows that USDT continues to be the dominant stablecoin by business transaction volumes.
However, that same data shows that Circle Internet Group's (NYSE: $CRCL) USDC (CRYPTO: $USDC) stablecoin is gaining momentum.
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Tether's USDT (CRYPTO: $USDT) remains the world's dominant stablecoin despite rising competition in the digital ***** et ***** e.
Data from NOWPayments shows that USDT continues to be the dominant stablecoin by business transaction volumes.
However, that same data shows that Circle Internet Group's (NYSE: $CRCL) USDC (CRYPTO: $USDC) stablecoin is gaining momentum.
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#dominant #nowpayments #however #circle

Coinbase (NASDAQ: COIN) CEO Brian Armstrong recently claimed crypto "doesn't get enough credit for the financial access it's already unlocked for the world" in a post on X. Armstrong noted that stablecoins allowed "anyone, anywhere" to access a low-inflation currency and send it "24/7 for a fraction of a cent", that decentralized finance (DeFi) applications gave "anyone access to credit" and unbanked individuals access to financial services, and that tokenized stocks would expose four billion "unbrokered people" to the U.S. stock market.
Armstrong's bullish take isn't surprising, since Coinbase is one of the world's largest cryptocurrency exchanges. If you agree with Armstrong's perspective, then it might be a good time to review how those catalysts could boost your crypto portfolio's long-term returns.
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The market's largest stablecoins, Tether (CRYPTO: USDT) and USD Coin (CRYPTO: USDC), are pegged to the U.S. dollar. Tether is more widely used overseas, while USD Coin -- which is only minted by Circle (NYSE: CRCL) -- is the leading stablecoin in the U.S. market.
Stablecoins can be deposited into third-party lending markets, automated market makers, and liquidity pools to earn higher yields than traditional dollar-based savings accounts. However, some of those platforms are much riskier than FDIC-backed banking accounts.

#stablecoins

Tether, issuer of the USDT (CRYPTO: $USDT) stablecoin, says it has completed the first independent audit of its financial statements.
The audit has been completed by accounting giant KPMG, which issued an unqualified opinion on Tether's finances after reviewing its 2025 accounts and a $6.81 billion U.S. reserve.
The auditors reportedly examined transactions, systems, valuations, counterparties, ownership records, and supporting documents at Tether.
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#usdt #kpmg #report

Russia's central bank has proposed allowing Bitcoin (CRYPTO: $BTC), Ethereum (CRYPTO: $ETH), and Tether (CRYPTO: $USDT) to be traded on official Russian exchanges.
The Bank of Russia published the draft rules on Tuesday. The move follows legislation signed by President Vladimir Putin that formally legalized cryptocurrency trading in the country.
Under the proposed framework, both retail and professional investors would have to pass a test before they can trade Bitcoin, Ether or Tether from September 1. Retail investors make up around 98% of Russia's crypto market participants, according to the central bank.
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#bank #proposed #investors #usdt

Tesla Inc. (NASDAQ: $TSLA) kept its Bitcoin treasury unchanged at 11,509 BTC in the second quarter, extending a holding pattern that has now lasted nearly four years.
The electric vehicle maker recorded a $112 million after-tax loss on its digital ******* et holdings as Bitcoin fell about 14% during the quarter. The cryptocurrency declined from roughly $83,000 at the end of March to around $58,000 by June 30 before recovering above $65,000 in July.
Tesla has not bought or sold any Bitcoin since 2022. The company entered the market with a $1.5 billion purchase in early 2021 and briefly accepted the cryptocurrency as payment for its vehicles. It later suspended the option over environmental concerns and sold about 75% of its position the following year.
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#tesla #billion #quarter

Payward is widening the reach of xStocks beyond U.S. markets through a new partnership with GTN, giving the tokenized-equities platform a path into Asia, Europe and other major financial centers.
The first phase will focus on Hong Kong-listed shares, with the United Kingdom, Europe, South Korea and additional markets expected to follow. Payward also plans to extend xStocks beyond tokenized equities and exchange-traded funds over time, subject to local approvals.
GTN will provide the traditional market infrastructure behind that expansion, including execution, custody, ledgering, record-keeping and sub-accounting. The company connects to more than 90 markets through a single integration, allowing Payward to add international ***** ets without building separate access rails for each region.
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#tokenized #equities #asia #kong

Intellistake Technologies Corp. (CSE: $ISTK) has taken full ownership of Gravity, giving the company control of a prediction-market technology it now believes can serve a wider set of liquidity and execution needs.
The company and Prospect Prediction Markets agreed to terminate their March development and platform agreement. Intellistake will retain Gravity's software, algorithms, AI and machine-learning models, interfaces, specifications and related development work, while Prospect's two-year exclusivity period and revenue-sharing rights have been removed.
Gravity was initially being developed around Prospect's platform. Intellistake now plans to explore applications across additional prediction markets, contract categories and other fragmented markets where thin liquidity can create pricing gaps, one-sided trading and unreliable execution.
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#company #execution

Balance Coin (CRYPTO: $BLC), a low circulation stablecoin meant to hold a U.S. dollar peg, has crashed more than 99% after a hacker drained its Bitcoin (CRYPTO: $BTC) vault.
The token, which had traded near its $1 U.S. peg, has fallen to $0.0014 U.S., erasing nearly all of its $3.5 million U.S. in nominal value.
The collapse comes after a hacker drained Balance Coin's Bitcoin-backed collateral that it had used to mint the stablecoin.
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#balance #hacker #coin #reports

Cryptocurrency exchange Kraken is expanding its tokenized stock offerings to include equities from the United Kingdom and several Asian jurisdictions.
The company said that it plans to add tokenized versions of stocks from the U.K., Hong Kong, and South Korea to its xStocks platform, subject to regulatory approvals.
Tokenized stocks are digital representations of equities that are blockchain-based and provide ownership of or price exposure to traditional company shares.
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Ramp has made stablecoin accounts and payments available to all its customers, giving businesses one platform to hold, send, and receive both regular dollars and stablecoins like USDC and USDT.
Until now, most finance teams treated stablecoin payments as a separate hassle, requiring a different wallet, no approval controls, and hours of manual reconciliation.
One Ramp beta customer found that stablecoin payments made up just 10% of vendor payments but consumed half of their accounts payable team's time.
Related: Solana's tokenized ******* et volume hits $5.8 billion in a record quarter
Ramp's approach folds stablecoins directly into the same system businesses already use for cards, bills, and accounting, so a payment settling in USDC follows the same approval chain as one settling in dollars.

#payments #stablecoin #accounts #dollars

Jack Mallers has stepped down as CEO of Twenty One Capital, and investors didn't take it well.
Shares of the Bitcoin treasury company—a publicly traded firm that holds Bitcoin on its balance sheet, letting regular investors gain exposure to the cryptocurrency without buying it directly—dropped nearly 15% on Tuesday.
Mallers co-founded Twenty One alongside Tether—the issuer of USDT, the world's most widely used dollar-pegged stablecoin (a digital token that holds a fixed value of one dollar and functions as the backbone of crypto trading)—and listed the company on the New York Stock Exchange in December 2025 through a ******* merger. A ******* , or special purpose acquisition company, is a blank check shell firm created specifically to take other companies public faster than a traditional IPO allows.
Twenty One still holds 43,514 BTC. At current prices, that balance sheet is worth more than $4 billion, ranking it second among all public companies for Bitcoin holdings, just behind Michael Saylor's Strategy. Strategy is the company that effectively pioneered the corporate Bitcoin treasury playbook in 2020—borrowing money to buy Bitcoin at scale and daring anyone to tell them it was a bad idea.
Mallers' exit comes packaged with worse news. Tether's plan to merge three Bitcoin businesses into a single publicly traded entity has officially collapsed, per Bloomberg. The proposed combination would have united Twenty One's treasury operations, Strike's Bitcoin payments and lending platform (which operates in more than 100 countries), and Elektron Energy's mining infrastructure under one publicly listed company.

#treasury #holds

Cryptocurrency exchange Kraken is expanding its tokenized stock offerings to include equities from the United Kingdom and several Asian jurisdictions.
The company said that it plans to add tokenized versions of stocks from the U.K., Hong Kong, and South Korea to its xStocks platform, subject to regulatory approvals.
Tokenized stocks are digital representations of equities that are blockchain-based and provide ownership of or price exposure to traditional company shares.
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Canadian singer Drake has wagered $1.5 million USDT on Argentina to beat Spain in regulation time at Sunday's World Cup final. A win would pay the rapper $5,175,000.
He placed the bet through the crypto gambling platform Stake and announced it on Instagram. In contrast, Spain enters the World Cup final at MetLife Stadium as the favorite.
Soccer fans have already invoked the Drake Curse, the belief that teams he backs publicly falter at the worst moment. A similar regulation-time bet cost Drake his last World Cup payout, even though Argentina won it in extra time. The wager only pays out if Argentina wins within 90 minutes, excluding extra time and penalties.
The rapper's crypto ties run deeper than betting slips. He referenced Bitcoin (BTC) on his new Iceman album this year, calling himself a "crypto big-timer." This bet, however, relies entirely on a stablecoin rather than a volatile token.
Kalshi's regulation-time market prices Spain's win probability at 43%, compared with 28% for Argentina and 32% for a tie. Meanwhile, that gap mirrors how World Cup betting markets have leaned toward Europe throughout the knockout rounds. The Kalshi contract for Sunday's World Cup game had already logged more than $2.8 million in trading volume.

Robinhood Markets (NASDAQ: $HOOD) is preparing to bring AI-powered trading agents into crypto, extending a beta product that has already drawn more than 70,000 accounts across equities and options.
The brokerage said U.S. customers will soon be able to connect third-party AI agents that can ****** yze markets, build strategies and place crypto trades on their behalf. Robinhood has not set a launch date, though customers in the United Kingdom are expected to gain access next.
The setup lets users define a strategy, set spending limits and establish guardrails before handing execution to an agent. Trade activity remains visible inside Robinhood, while the software can rebalance positions and submit orders without requiring approval each time.
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Dogecoin (DOGE) has crashed roughly 50% over the past year, and renewed US–Iran attacks threaten to deepen the pain as oil-driven inflation fears revive Federal Reserve rate-hike bets.
Dogecoin is showing signs of a bearish continuation on its four-hour chart after failing to sustain its early-July rebound.
The DOGE/USDT chart shows the memecoin forming an inverse cup-and-handle pattern. The setup typically develops when price forms a rounded top, returns to horizontal support, and then stages a weak recovery—the "handle"—before potentially breaking lower.
DOGE's rounded top formed after its rebound from roughly $0.071 toward $0.079. The token has since returned to the $0.071–$0.072 support area and is now attempting a minor bounce near $0.073.
A decisive break below the pattern's neckline near $0.071 could confirm the bearish setup. The pattern's measured downside target sits near $0.063, or more than 10% below current prices.

AngelList, the venture capital platform hosting more than 50,000 funds and 800,000 accredited investors, is terminating its partnership with Rail – the B2B payments platform operated by Ripple – effective July 31, 2026, removing all crypto payment options from the platform in the process. The decision is a direct setback for Ripple's enterprise payment ambitions, less than a year after it paid $200 million to acquire Rail.
Xrp (XRP)24h7d30d1yAll time
AngelList confirmed the move in a formal notice, stating that USDC, USDT, DAI, and ETH will become completely unavailable after the July 31 deadline. Users have been directed to switch to ACH and wire transfers for any upcoming investments to avoid processing delays. Existing investments, account access, and portfolio data are unaffected.
No explanation was given for the decision beyond the wind-down notice itself.
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Tether (CRYPTO: $USDT) is investing $20 million in Mercado Bitcoin, backing one of Latin America's largest regulated crypto platforms as tokenization, stablecoin payments and onchain financial services gain ground across the region.
The investment is part of a strategic growth financing round for Mercado Bitcoin, which has expanded from a digital ******* et exchange into a broader financial services platform spanning tokenized investments, credit, payments, banking infrastructure and cross-border services.
Mercado Bitcoin serves 4.5 million users and has issued more than R$2 billion in tokenized ******* ets. The company also operates through more than 10 licenses across Brazil and Europe, including a Payment Institution license from Brazil's central bank, broker-dealer capabilities, a securitization platform and ******* et management operations.
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Wall Street is divided over the fate of Circle Internet Group (NYSE: CRCL), the issuer of USDC and one of 2025's most closely watched IPOs.
The conflicting takes come after a rival stablecoin's launch triggered a sharp sell-off and a wave of conflicting **** yst reactions.
USDC remains the second-largest stablecoin by market cap at more than $73 billion, behind that of Tether's USDT at $184 billion, as per CoinMarketCap.
Related: Explained: What is a stablecoin?
Compass Point upgraded Circle Internet Group to Neutral from Sell on June 30, while cutting its price target to $55 from $97.

Shares of Circle Internet Group (CRCL) fell on Tuesday after Open Standard unveiled Open USD (OUSD), a dollar stablecoin backed by more than 140 companies, including Visa, Mastercard, and Coinbase, that targets the market its USD Coin (USDC) token leads.
The launch puts payment networks, banks, and crypto firms behind a single token. It lands as Circle's USDC and Tether's USDT control most of the stablecoin market.
Open USD goes after the enterprise users that drive USDC adoption. Businesses can mint and redeem it for free, and partners keep the earnings on its reserves after a small fee.
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That model strikes at how Circle makes money. Reserve interest produced 99% of its revenue in 2024, its filing shows.

In mid-June, the Federal Reserve proposed new rules for stablecoins. The proposal calls for stablecoin issuers to verify customer identities before opening new accounts or redeeming tokens, effectively applying bank-style anti-money laundering standards to stablecoins.
At first glance, this seems like bad news for Circle (NYSE: CRCL), the issuer of the USD Coin (CRYPTO: USDC) stablecoin. However, those tighter restrictions could actually strengthen USD Coin and make Circle a more compelling investment.
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Circle promotes USD Coin as a tightly regulated, US-centric stablecoin. It's also firmly backed by U.S. dollars and Treasuries. Its main competitor, Tether (CRYPTO: USDT), is issued by Hong Kong-based iFinex and backed by an opaque mix of cash, commercial paper, and other ***** ets. While Tether dominates the overseas market, USD Coin leads the U.S. market.
Circle's regulatory compliance makes USD Coin a trustworthy alternative to U.S. dollars for retail and institutional investors. But in many overseas markets, where investors consider stablecoins a hedge against inflation and currency devaluation, Tether's immunity from U.S. regulations -- along with its higher global liquidity -- makes it a better choice than USD Coin.

On June 17, Rumble (RUM), whose primary business involves streaming video content, announced that it had closed its acquisition of Northern Data. The latter entity intends to have "approximately 250MW of power deployed or coming online across ten global data centers by 2027" and rents GPUs that are used to create AI. Northern Data expects to generate 130 million euros to 150 million euros of revenue in 2026.
Meanwhile, Tether, the issuer of the cryptocurrency Tether (USDT), has invested a large amount of funds in RUM and has pledged to provide it with a sizeable amount of revenue.
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Shift4 Payments Inc. (NYSE:FOUR) is one of the 10 best payment processing stocks to buy now.
On May 27, Truist lowered its price target on Shift4 Payments Inc. (NYSE:FOUR) from $50 to $46, while maintaining a Hold rating. The price target adjustment is based on revisions to the firm's projections across core metrics. However, it increased the adjusted earnings per share forecast to the low single digits.
Truist expects the second quarter to be another solid period for the business. This momentum is likely to be supported by the ongoing World Cup event in North America.
Back in mid-May, it was revealed that Shift4 Payments Inc. (NYSE:FOUR) businesses can now accept Tether (USDT-USD) while settling payments in local currency, thanks to the company's partnership with Lydian to enhance Shift4's Pay with Crypto solution. Customers can use any major wallet to make payments with Shift4's Pay with Crypto solution.
Without keeping or managing digital ****** ets, merchants receive money directly in their local currency. According to Shift4 CEO Taylor Lauber, the company created its Pay with Crypto solution in reaction to the increasing use of cryptocurrencies as a common form of payment. He pointed out that accepting Tether gives businesses a safe and easy way to make payments, building on the program's success without adding further complications.

Shift4 Payments Inc. (NYSE:FOUR) is one of the 10 best payment processing stocks to buy now.
On May 27, Truist lowered its price target on Shift4 Payments Inc. (NYSE:FOUR) from $50 to $46, while maintaining a Hold rating. The price target adjustment is based on revisions to the firm's projections across core metrics. However, it increased the adjusted earnings per share forecast to the low single digits.
Truist expects the second quarter to be another solid period for the business. This momentum is likely to be supported by the ongoing World Cup event in North America.
Back in mid-May, it was revealed that Shift4 Payments Inc. (NYSE:FOUR) businesses can now accept Tether (USDT-USD) while settling payments in local currency, thanks to the company's partnership with Lydian to enhance Shift4's Pay with Crypto solution. Customers can use any major wallet to make payments with Shift4's Pay with Crypto solution.
Without keeping or managing digital ***** ets, merchants receive money directly in their local currency. According to Shift4 CEO Taylor Lauber, the company created its Pay with Crypto solution in reaction to the increasing use of cryptocurrencies as a common form of payment. He pointed out that accepting Tether gives businesses a safe and easy way to make payments, building on the program's success without adding further complications.

The IMF published a new 56-page departmental paper, “Understanding Stablecoins,” on December 2, 2025, warning that large foreign‑currency stablecoins can accelerate currency substitution and erode monetary control in weaker economies. The report is available on the IMF site and is authored by Tobias Adrian and 15 co‑authors from the fund’s Monetary and Capital Markets Department.
The paper notes that global stablecoin capitalization now exceeds $300 billion. About 97% of outstanding tokens reference the U.S. dollar, concentrating influence in issuers such as Tether’s USDT and Circle’s USDC.

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