USDC, USDT, USDS, RLUSD and the new wave of yield-bearing stablecoins. Issuer moves, regulation (GENIUS Act, MiCA), and the rails being built on top.
Senator Elizabeth Warren is accusing the OCC of illegally granting national trust bank charters to nine crypto giants including Coinbase, Ripple, Circle, and Paxos — and demanding all communications between OCC officials and the Trump family by June 1.
Kevin Warsh just replaced Jerome Powell as Fed Chair on May 15, 2026. He holds Solana, dYdX, Bitcoin Lightning equity, and a stablecoin stake. The most crypto-native person to ever run the Federal Reserve is now in charge of US monetary policy.
Less than a year after launching USDH, Hyperliquid is sunsetting its native stablecoin and making Coinbase the official treasury deployer for $5 billion in USDC. The hottest DeFi exchange just went full centralized on its settlement layer.
The most comprehensive crypto regulation in US history goes to a Senate committee vote Thursday. Republicans left out the one clause that would stop senior government officials from personally profiting off the industry they're regulating. Democrats say no ethics, no votes.
Circle raised $222M from BlackRock, a16z, and Apollo for Arc, a Layer 1 where USDC is the native gas token. $3B valuation, 100+ institution testnet, and a direct shot at Ethereum's institutional market.
The world's largest asset manager quietly filed SEC paperwork for two tokenized money-market funds specifically designed to let stablecoin holders earn Treasury yield — the same yield that Congress just voted to ban stablecoins from paying. The loophole is elegant. The implications are massive.
Kraken parent Payward acquired Hong Kong stablecoin firm Reap for $600M on May 7, then filed for a federal OCC trust charter on May 8. That's $2.65 billion in acquisitions and a banking license application in a single year. Here's the empire they're building.
In 30 days, Tether silently blacklisted 371 wallets and froze $515 million in USDT across Tron and Ethereum — no court order required. That's 40% of everything they froze in all of 2025, done in a single month. Here's how the kill switch works, who's using it, and what it means for crypto.
The CLARITY Act stablecoin yield compromise bans 'hold and earn' stablecoin rewards in the US. Coinbase backed the deal anyway. Here's the multi-billion dollar calculation behind that decision.
Visa's stablecoin settlement pilot hit a $7B annualized run rate — up 50% in a single quarter — and just expanded to 9 blockchains including Base, Polygon, and Stripe's Tempo. TradFi isn't coming to crypto. It's already here.
Shinhan Card — South Korea's largest card issuer with $145B in annual transaction volume — signed an MOU with the Solana Foundation to build a stablecoin payment stack. They already completed six proof-of-concept projects alongside Visa, Mastercard, and Fireblocks.
The 175-year-old money transfer giant confirmed its USDPT stablecoin launches on Solana in May — replacing SWIFT for global agent settlements. The first real-world partner went live this week.
DeFi hacks hit $606M in 18 days, while Kalshi and Polymarket battle for the U.S. crypto derivatives market.
Morgan Stanley's new MSNXX Stablecoin Reserves Portfolio quietly makes the $200B wealth manager the preferred reserve custodian for the entire stablecoin industry under the GENIUS Act.
Coinbase's x402 protocol just launched an app store where AI agents autonomously buy Bloomberg data, AWS compute, and trading APIs with USDC — no human approval required. 165 million transactions have already settled.
Tether is bailing out Drift Protocol with $148M after North Korea's $285M heist — but the real play is quietly replacing Circle's USDC as Solana DeFi's settlement currency.
The PARITY Act gives stablecoins a federal de minimis tax exemption while explicitly leaving Bitcoin behind. Bitcoin Policy Institute calls it a bill that 'picks winners and losers.' Coinbase earned $1.35B in stablecoin revenue last year — make of that what you will.
Hong Kong granted its first two stablecoin licenses to HSBC and a Standard Chartered–Animoca joint venture — picking just 2 from 36 applicants. The era of bank-issued stablecoins is here.
World Liberty Financial used nearly 5 billion WLFI tokens as collateral to borrow $75M from Dolomite, a platform co-founded by WLFI's own CTO. The token is now at an all-time low, down 82% from peak.
Treasury and FinCEN dropped a joint proposed rule under the GENIUS Act that forces stablecoin issuers to implement full AML programs, freeze bad transactions, and hire compliance officers — by January 2027.
You can't swap USDT for USDC at face value without slippage. A former a16z partner just raised $10M to build the clearinghouse that makes stablecoins actually fungible — and Stripe, MetaMask, and Phantom are already signed up.
ZachXBT just published a damning thread showing Circle had the power to freeze $232M in stolen Drift Protocol funds — during business hours, over 6 hours — and chose not to. It's part of a pattern spanning $420M across 15 cases since 2022.
Coinbase received conditional OCC approval for a national trust charter — making America's biggest crypto exchange a federally regulated custodian. This is the regulatory milestone the industry has chased for a decade.