A7A5, a ruble-pegged stablecoin launched in 2025 to help Russian firms circumvent international sanctions, initially handled over $100 billion in transfers. However, coordinated actions by the US, UK, and EU in late 2025 targeted its infrastructure, causing a 96% drop in daily volumes by mid-2026. Restrictions on conversion points, exchange freezes, and domestic Russian policies further crippled its use. Despite still processing some transactions, A7A5 no longer supports large-scale sanctions evasion, highlighting how coordinated regulatory pressure and blockchain monitoring can limit even unfreezable tokens' effectiveness.
Tether reported a decline of more than $4 billion in its excess reserves during Q2, reducing the buffer above its stablecoin liabilities to about $4.11 billion. Despite this drop, Tether confirmed that USDT remains fully backed and generated a net op...
Tether reported a $1.5 billion operating profit in Q2 2026, driven by returns from US Treasury holdings and repo operations. The company holds $187.7 billion in assets, including $4.1 billion in excess reserves, and controls over 60% of the stablecoi...
The largest stablecoin issuer reported $1.5 billion in profits for Q2 2026, driven mainly by income from U.S. Treasury holdings. Despite broader cryptocurrency market declines, USDT tokens in circulation grew to $184.6 billion, maintaining over 60% o...
Tether reported a $1.5 billion net operating profit for Q2 2026, driven by returns from U.S. Treasury and repurchase agreements. Despite this profit, its reserve buffer fell by about half to $4.11 billion, down from $8.23 billion in Q1. The company i...
Tether, issuer of the largest stablecoin USDT, posted a $1.5 billion net profit in Q2 2026, with USDT's market cap rising to $184.6 billion, capturing 60% of the stablecoin market. The company increased its gold holdings by 14 tons, now valued at $18...
