Coinbase CEO Brian Armstrong stated that Bitcoin has evolved into a store of value, akin to digital gold, rather than becoming a widely used payment method. Despite efforts like the Lightning Network to improve Bitcoin's transaction speed, its fixed supply and price volatility have made it more attractive as a long-term investment rather than for daily transactions. Meanwhile, stablecoins, backed by fiat currencies, have become the dominant blockchain-based payment solution due to their price stability and faster transaction capabilities. Armstrong highlighted the impact of the GENIUS Act in the US, which has provided regulatory clarity and boosted stablecoin adoption, with major stablecoins like Tether's USDT and Circle's USDC leading the market.
Tether, the issuer of the world's largest stablecoin USDT, now holds over $122 billion in US Treasury bills, making it one of the top buyers of American government debt. With USDT's market cap around $185 billion, Tether allocates about 83% of its re...
Tether reported a net operating profit of $1.3 billion in Q2 2026, driven by its USDT stablecoin. The company holds $5.2 billion in excess reserves beyond what is needed to back USDT tokens, primarily invested in short-term U.S. Treasury bonds that g...
Tron has overtaken Ethereum as the leading network for USDT stablecoin, with its USDT supply reaching $94.27 billion after a $4 billion increase in the past month. Tron now hosts more than half of the global USDT circulation, driven by lower transact...
USDT0, a Tether-backed stablecoin, launched on the Stellar blockchain on September 2, 2026, using LayerZero's interoperability standard to enable seamless cross-chain transfers and unified liquidity access. This launch connects Stellar to a broader U...
Cryptocurrency markets show a general downward trend with Bitcoin priced around $77,205, down nearly 1%, and Ethereum falling 2.59%. Other major coins like XRP, Solana, and Litecoin also experienced declines. Some smaller tokens showed gains, but ove...
