StablecoinsTether holds 150,000 BTC, 50,000 more than its report shows
Ardoino says Tether holds 150,000 BTC, yet the Q3 report implies 100,060. Here is where the 50,000-coin gap may come from.
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StablecoinsTether Earns $1.5B in Q3
BDO attestation: Tether's Q3 operating profit hit $1.5B, excess reserves rose to $7.95B, with $132.4B in US Treasury bills.
StablecoinsMalaysia and Thailand Join Singapore's BLOOM for Stablecoin Payments
Central banks of Malaysia and Thailand joined MAS's BLOOM initiative, which prepares banks for cross-border stablecoin and tokenized deposit payments.
StablecoinsHSBC launches RedCoin, a Hong Kong dollar stablecoin in PayMe
HSBC launched RedCoin (RCHKD), its first retail Hong Kong dollar stablecoin, and opens wallets to PayMe users in the coming days.
StablecoinsSoFi launches SOFIE tokenized deposit with 4.40% yield
The SOFIE token equals $1 on deposit at SoFi Bank, pays 4.40% APY and is FDIC-insured. It converts one to one into SoFiUSD.
StablecoinsOCC finalizes GENIUS Act stablecoin rules
The OCC finalized GENIUS Act stablecoin rules: full reserves, redemption within two business days and a bank fight over yield.
StablecoinsVisa and Mesh Let Users Spend Crypto at 175M Merchants
Mesh will connect crypto wallets to the Visa network, so users can pay in crypto and stablecoins without a separate card. No launch dates yet.
StablecoinsWorld Liberty's USD1 sheds $401 million in market cap
USD1 market cap fell from $4.43 to $4.02 billion on redemptions across Ethereum and BNB Chain. The price held near a dollar.
StablecoinsCircle reveals USDC H1 costs
Circle broke down USDC revenue: $819M of $1.4B went to partners and transactions, leaving 7 cents of profit per dollar.