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Stablecoins
Trends
- 1DOJ reopens Binance Iran sanctions probe after Trump pardon●Binance pleaded guilty to Iran (and other) sanctions violations in 2023. Trump pardoned its founder. Binance took a $2B
The Justice Department is investigating Binance again over alleged Iran sanctions violations, despite the crypto exchange's 2023 guilty plea on the same issue. Binance founder Changpeng Zhao was pardoned by President Trump, and the company subsequently received a $2 billion investment paid in a stablecoin tied to the Trump family. Critics, including journalist Molly White, are highlighting the conflict of interest, pointing out that the probe is led by a US attorney with connections that raise questions about its independence.
- 2
Stablecoin issuer Circle has launched a wrapped Bitcoin product on Ethereum and on Arc, its own blockchain network. The move lets Bitcoin holders use their assets in Ethereum-based decentralized finance applications while expanding Circle's product range beyond stablecoins. Details on reserves, fees, and adoption have not yet been widely reported, and reaction from the crypto community is still forming.
- 3Tether to bring $190 billion USDT back to Bitcoin network▼Tether’s $190 billion USDT stablecoin is coming back to the Bitcoin network this month
Tether says its USDT stablecoin, valued at roughly $190 billion, will return to the Bitcoin network this month. The move re-establishes support for issuing and transferring the world's largest stablecoin on Bitcoin's base layer, a notable step given USDT has primarily circulated on other blockchains in recent years.
- 4Circle Internet Group Downgraded Further Into Sell Territory●Circle Internet Group (NYSE:CRCL) Stock Rating Raised to Sell at Wall Street Zen
Circle Internet Group, the stablecoin issuer trading on the New York Stock Exchange under ticker CRCL, has seen its stock rating raised to Sell by research firm Wall Street Zen. The move signals a more bearish outlook on the company, which went public this year and has drawn heavy investor attention as one of the most closely watched crypto-linked listings. Analyst sentiment on the stock remains divided.
- 5
Tether's USDT stablecoin is returning to the Bitcoin network through Utexo, according to a report from CryptoRank. The move puts the dollar-pegged token back in the Bitcoin ecosystem, a space it has largely ceded to other layer networks in recent years. Details on Utexo's role and the technical setup were not provided, and Tether has not yet commented further.
- 6
Visa reports that business programs now account for 17% of its stablecoin-linked card volume. The figure highlights growing corporate adoption of stablecoin payments beyond consumer use, as the payments giant continues building out its crypto settlement and card infrastructure. Observers see it as a sign that stablecoins are moving deeper into mainstream commercial payments.