Tether CEO Paolo Ardoino criticized the Bank for International Settlements (BIS) for promoting tokenized bank deposits over stablecoins, arguing that stablecoins are safer because they are fully backed by U.S. Treasuries, unlike tokenized deposits which are often only 10% collateralized. This dispute highlights concerns that the CLARITY ACT could cause a large shift of deposits from banks to stablecoins, which are growing in popularity, especially in emerging markets. Ardoino suggests that stablecoins expose the risks of fractional reserve banking and could lead to a significant migration of savings to these fully reserved digital assets.
Tether's USDT supply dropped by nearly $1 billion in mid-October 2026, creating a liquidity gap as Bitcoin tries to rebound toward $83,000. This shrinking stablecoin supply means less fresh capital is available to support Bitcoin's price rise, making...
Bolivian fintech Peso has secured pre-seed capital led by Tether to expand its fiat deposit and withdrawal channels and enhance its merchant collection and virtual account infrastructure. Peso’s app allows Latin American users to manage USDT stableco...
In the latest 24-hour crypto fund flow data, Bitcoin (BTC) and Ethereum (ETH) recorded significant net inflows of $120.54 million and $37.57 million respectively. Stablecoins USDT and USDC also showed positive net inflows, albeit smaller. Other token...
On October 20, three large cryptocurrency transfers totaling $222.6 million were made to exchanges within a three-hour window. An unknown wallet sent 112 million USDT (Tether) worth $111.9 million to Bitfinex at 2:11 p.m. ET. Shortly after, 24,544 ET...
Eleven major cryptocurrency transfers totaling $1.16 billion occurred over three hours on October 20. Significant Bitcoin transfers included 2,111 BTC worth $175.3 million sent to Coinbase Institutional, alongside four other transfers totaling $470.3...
