US deposit rates choke USDC adoption, and a BIS model reveals why
A Bank for International Settlements research paper shows that rising US bank deposit rates slow USDC adoption more than USDT adoption, highlighting…
USDT
Featured stories
A Solana wallet tested a fake address with $10, then sent it $30,750
A Solana wallet fell victim to an address poisoning scam, losing over $30000 after testing a fake lookalike payment destination found in…
Tether freezes $1.4M in TRON vaults and THORChain stalls
THORChain experienced a temporary halt in its TRON operations after Tether blocklisted four vaults holding approximately 1.45 million USDT. Restrictions were lifted…
Latest stories
Locked liquidity did not stop this $14 million crypto pool drain
A Bitquery investigation reveals that the 79thVault token pool on PancakeSwap suffered a $14.35 million USDT drain after internal token permissions bypassed locked liquidity receipts.
EU regulators target non-compliant stablecoins with a 90-day deadline
European regulators have issued a new advisory establishing a three-month deadline for crypto platforms to clear out European clients' exposure to non-compliant stablecoins under MiCA regulations.
Cheap crypto capital hits wall as Bitfinex fee rule binds
Bitfinex Securities faces a real-world test as its tokenized capital-raising model encounters high minimum issuer fees. Despite goals to slash costs, a steep $100,000 fee floor impacts smaller enterprises seeking…
Aave hikes GHO borrow rates to rescue depleted stablecoin pools
Aave has increased its GHO borrowing rate to 4.5% on the Ethereum Core market to eliminate a funding gap and help replenish depleted stablecoin reserves through GHO Stability Modules.
Drift hack recovery opened near one cent per dollar lost
Drift Protocol has launched claims and redemptions for its DFX recovery token, allowing victims of an April exploit to claim USDT payouts at an initial rate of roughly one cent…
ESMA proposes ending EU custody and transfer services for non-compliant stablecoins
ESMA has proposed expanding Europe's MiCA regulations to prohibit custody and transfer services for non-compliant stablecoins, marking a significant shift from previous policies that allowed basic storage after delisting.
US targets $17 billion Russia-linked crypto payment network using USDT as an escape route
The United States has sanctioned the Russia-linked A7 Network and proposed strict financial rules targeting its crypto payment infrastructure, which used USDT to process billions in illicit transfers.