The EU's new MiCA regulation ends a transition period on July 1, forcing exchanges to delist stablecoins like Tether's USDT that lack MiCA authorization, affecting about $17.5 billion in EU-circulating USDT. This regulatory shift is driving liquidity toward compliant stablecoins such as Circle's USDC, which secured early authorization under MiCA. Major exchanges are already scaling back USDT services in the EU, prompting users to redeem USDT and switch to alternatives. This change not only impacts stablecoin trading but also broader crypto market liquidity and may influence similar regulatory approaches in South Korea, where stablecoin rules are still under debate.
Circle won a court-backed arbitration ruling confirming it lawfully suspended Heka Funds' USDC minting and redemption services due to undisclosed ties to Tether and suspected market manipulation. Heka failed to disclose Tether as its main investor, w...
Tether is shifting stablecoin use from crypto trading to everyday financial services by leading a $7 million investment in Pact Labs. The company aims to integrate its stablecoin USA₮ into payroll systems and real-time payments, addressing the $11 tr...
Pact Labs secured $7 million in a Series A funding round led by Tether to enhance its on-chain lending platform on the Aptos blockchain. The company operates the PACT Protocol, which has facilitated nearly $2 billion in loans and serves around 500,00...
Tether led a $7 million Series A funding round in Pact Labs to expand the use of its USA₮ stablecoin in payroll, payments, and lending through fintech partnerships. Pact Labs connects traditional fintech with blockchain liquidity, enabling over 500,0...
South Korean cryptocurrency exchange Upbit began trading the Derive (DRV) token on July 14, offering trading pairs with Korean won (KRW), Bitcoin (BTC), and Tether (USDT). This listing enhances DRV's exposure in one of Asia's largest crypto markets a...
