Ethereum has reclaimed its position as the primary blockchain for hosting USDT for the first time since 2022. Tether is minting new stablecoins on Ethereum as it expects higher demand.

Coinbase and Circle joined forces to offer 4.75% APY for USDC holders. This partnership is expected to attract users to Coinbase’s products, while also boosting the usage of USDC.

Quantoz is launching EURQ and USDQ, with Tether set to be delisted in Europe by the end of the year because it lacks an e-money license in a member state.

The growing interconnection between stablecoins and T-bills used for their backing is raising concerns. While the US Treasury admits the importance of a unified monetary unit for further tokenisation of legacy systems, it believes that the present stablecoin design is not suitable for that purpose.

Stripe has bet $1.1 billion that stablecoins payments are the future of international finance. Is the acquisition of "Bridge.xyz" a strategic move or internal transfer of the largest venture firm Sequoia Capital that funded both startups?

Christopher Waller, one of the Fed's most vocal members on crypto issues, stated that DeFi can complement, rather than replace, traditional finance. He sees stablecoins as an efficient tool to support U.S. economic influence and argues against the necessity of a retail CBDC.

Russia is taking the lead in developing a common financial infrastructure for the BRICS intergovernmental organization. Russia's initiatives feature distributed ledger technology.

Coinbase plans to delist Tether's stablecoins in the EU, giving a strong push to its related party Circle. Meanwhile, Tether is developing a new technology solution tailored for the EU market that mitigates the risks of non-compliance with the EU MiCA regulation.