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Circle and Tether Align on Changes to EU Stablecoin Rules
Circle is urging the EU to recognize qualifying foreign stablecoin issuers and revise MiCA reserve rules. The proposal overlaps with Tether’s criticism of mandatory bank deposits, while the EBA warns that overseas structures could weaken EU supervision.
CryptoSlate
Drift opens DFX recovery claims at about 1 cent per dollar lost
Drift Protocol began DFX claims and redemptions on October 1 for users affected by its April exploit. The initial payout was about 0.0104 USDT per token, or roughly 1.04% of verified losses, while future recovery depends on new pool deposits.
CryptoSlate
Stablecoin Issuers Replace More Than 40% of China’s Lost US Treasury Demand
Stablecoin issuers have added about $200 billion in US Treasuries and repurchase agreements over five years, replacing more than 40% of China’s reduced holdings. The shift strengthens short-term Treasury demand, while differing maturities mean stablecoins cannot fully replace China as a buyer of longer-term US debt.
CryptoSlate
Anchorage Digital Reportedly Cuts 17% of Workforce Amid Crypto Downturn
Anchorage Digital has reportedly cut 17% of its workforce, or about 68 jobs based on its earlier headcount, despite expanding into institutional crypto services, stablecoin issuance and a partnership backed by Tether.
Cointelegraph
Bitcoin Nears 60% Market Dominance as Crypto Traders Increase Risk Exposure
Bitcoin moved above $86,000 as its share of the crypto market approached 60% and USDT’s share slipped to 6.3%. Rising open interest and funding rates showed stronger bullish positioning, while $344 million in liquidations highlighted the risks surrounding leveraged trading.
CoinDesk
Tether-backed Utexo plans to bring USDT back to Bitcoin with private transfers and BTC lending
Tether-backed Utexo plans to reintroduce USDT to Bitcoin with private transfers, direct BTC swaps and bitcoin-backed loans. The project will use RGB and Bitcoin’s UTXO model, then seek to expand the stablecoin to Lightning.
CoinDesk
LeveX Makes Trading Tournaments Monthly, Opening With a $5,000 Cash Competition
The post LeveX Makes Trading Tournaments Monthly, Opening With a $5,000 Cash Competition appeared first on Coinpedia Fintech News LeveX has launched Harvest Your Gains, the first in a new series of monthly trading tourn...
Coinpedia
Open USD launches with ownership model aimed at challenging USDT and USDC
Open Standard has launched Open USD on four blockchains, backed by five major financial and technology companies. Its distinctive plan would distribute most equity over time to partners based on the OUSD supply and transaction activity they help generate.
CoinDesk
Blumenthal Says Tether’s USDT Enabled Iranian Sanctions Evasion
A Senate report says 84% of 846 Iran-linked sanctioned wallets used Tether’s USDT almost exclusively, while more than $603 million moved through two Iranian smugglers’ network. Tether cited $550 million in 2026 Iran-linked freezes but did not directly address the findings.
Decrypt
Tether Says It Helped Freeze Nearly $550 Million in Iran-Linked USDT
Tether said it helped authorities freeze nearly $550 million in Iran-linked USDT during 2026. The disclosure followed a Senate Democratic report alleging the stablecoin was central to Iran’s sanctions-evasion network and a call for US investigations into potential violations.
Cointelegraph
Bitget Opens Bitcoin Withdrawals After $387.5 Million Security Breach
Bitget has reopened Bitcoin withdrawals on the Bitcoin network after a security breach that it estimates affected about $387.5 million in assets. Ethereum and USDT withdrawals remain scheduled for later stages, while futures trading activity does not prove customer transfers have completed.
CryptoSlate
Senate Democrats Say Tether USDT Has Become a Lifeline for Iran’s Sanctions-Evasion Network
Senate Democrats allege that Tether’s USDT has become a key instrument in Iran’s sanctions-evasion network, citing an estimated $2 billion in government transactions last year. Tether says it has supported nearly $550 million in Iran-linked freezes and cooperates with authorities.
CoinDesk
Bitget Restores Bitcoin Withdrawals After $388 Million Security Breach
Bitget has resumed Bitcoin withdrawals after a security breach involving nearly $388 million in assets. Ether and USDt withdrawals are scheduled to return over the next two days, while the attacker continues swapping stolen cryptocurrency through THORChain.
Cointelegraph
Franklin Templeton expands tokenized collateral service to Bybit
Franklin Templeton is bringing its off-exchange tokenized collateral program to Bybit. Users can pledge money market fund shares representing about $686 million in assets to access USDT or USDC trading credit while the underlying holdings remain in regulated custody and earn yield.
CoinDesk
Tether’s U.S. debt demand reshapes Washington’s view of USDT
CryptoSlate says Tether’s $114 billion appetite for U.S. debt has changed Washington’s stance toward the company, contrasting earlier penalties over claims about token backing with its current relevance to American financial markets.
CryptoSlate
Bitget to Resume BTC, ETH, and XRP Withdrawals, With 10% Bounty Program
The post Bitget to Resume BTC, ETH, and XRP Withdrawals, With 10% Bounty Program appeared first on Coinpedia Fintech News Bitget has annoucne to reopen crypto withdrawals after a $387.5 million security breach that forc...
Coinpedia