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 CEO Paolo Ardoino clarified that the company is not developing its own blockchain nor plans to launch one, contradicting a recent CoinMarketCap analysis that grouped Tether with other firms racing to build stablecoin-specific blockchains. Inst...
KPMG completed its first full audit of Tether's 2025 financial statements, confirming reserves exceeded liabilities by $6.814 billion at year-end 2025. However, Tether's more recent Q2 2026 report shows the surplus has shrunk to $4.11 billion. This a...
Bolivian fintech Peso has partnered with Yango Food to allow users to pay for food delivery using USDT, a dollar-pegged stablecoin. This integration helps address Bolivia's dollar liquidity issues by enabling digital dollar transactions without requi...
Cryptocurrency market prices show a general downward trend with Bitcoin trading at $62,805, down 1.2%. Ethereum and Binance Coin also saw slight declines. Notably, UNI token dropped sharply by 10.8%, and BEAT fell by 32%. Some tokens like ATOM and VV...
The UK's Financial Conduct Authority (FCA) and crypto exchange HTX are reportedly in settlement discussions regarding HTX's illegal crypto promotions in the UK. This marks a significant step in the FCA's enforcement against unauthorized crypto market...
