Tether CEO on Tokenized Deposits: “The Emperor Has No Clothes” The debate between several representations of onchain fiat money and the advantages they offer users is raging. Paolo Ardoino criticized recent statements by Pablo Hernandez de Cos, the General Manager of the Bank for International Settlements (BIS), who stressed that stablecoins are not an effective
South Korea’s potentially taxable cryptocurrency activity reached approximately $10.9 billion in 2023, placing the country 11th among nations analyzed in a recent Chainalysis report. The data, released on August 31, provides a detailed look at the scale of crypto transactions that could fall under the country’s upcoming taxation framework. Breakdown of South Korea’s Taxable Crypto
India’s crypto economy is often described through Bitcoin ownership. Yet 2026 platform data points to a second force: stablecoins. $USDT/$USDC provides dollar-linked liquidity that users can trade, transfer, or hold without taking direct exposure to Bitcoin’s price. WazirX reported that stablecoins generated 38.5% of its H1 2026 trading volume. Bitcoin, Ethereum, and other Layer-1 assets
Much has recently been said about the burgeoning U.S. federal debt and how it’s bullish for hard assets such as bitcoin $BTC$78,432.93 and gold. The problem looks more severe once that debt is weighed against gross domestic product (GDP) and then compared against other nations’. The U.S. government is running a primary budget deficit of
Ant Group CEO and Alipay chairman Han Xinyi has identified stablecoin payments as one of four major models in the emerging global AI payments market, according to a report by PA News citing Caixin. The statement places digital currencies at the core of machine-to-machine payment systems, a sector expected to grow rapidly as artificial intelligence
Catapult Trade, a Solana-based platform focused on launching memecoins and offering leveraged trading, has secured approximately $6.6 million across four funding rounds, according to an announcement made on X. The funding included participation from KuCoin Ventures, Odyana Ventures, and Venture Vault VC, along with institutional and angel investors. The company plans to use the capital
BlackRock’s tokenized U.S. Treasury fund, BUIDL, has regained the top position in the market by assets under management, surpassing Circle’s USYC product, according to data cited by Crypto Briefing. BUIDL’s AUM reached approximately $2.8 billion, widening its lead over competitors in the rapidly expanding tokenized Treasury sector. Market Growth and Competitive Landscape The overall tokenized
U.S. labor data could set the tone for crypto markets as September begins, with Friday’s jobs report being the week’s main event. Nonfarm payrolls fell by 23,000 in July, while May and June were revised down by a combined 103,000, raising the stakes for the August reading. ADP private payrolls and JOLTS job openings will
Fear is in the air this Monday morning, not just over renewed escalation in geopolitical tensions, but over the prospect of an interest rate hike by the Federal Reserve in September, following Fed Chair Kevin Warsh’s hawkish comments at the Jackson Hole Symposium on Friday. But those fears, at least as reflected on social media,
Interactive Map Tracks Crypto Holders Across the US An interactive map estimates where 67 million American crypto holders live, providing figures for all 50 states, Washington, D.C., and the 435 U.S. House districts in the 119th Congress. The National Cryptocurrency Association (NCA), a nonprofit crypto education organization, displays the data through a map hub with