StablR's stablecoins EURR and USDR lost their pegs after attackers exploited a weak multisig wallet setup, stealing about $2.8 million worth of crypto. The breach was due to a compromised private key, not a smart contract flaw, allowing hackers to mint millions of tokens and swap them for ETH. This incident highlights risks in stablecoin governance and key management in DeFi. StablR operates under EU regulations and has backing from Tether, but no recovery plan has been announced yet.
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...
Tether's USDT0 token has launched on the Stellar blockchain, providing users access to over $180 billion in USDT liquidity across multiple chains. This integration uses LayerZero's Omnichain Fungible Token standard, enabling seamless cross-chain tran...
