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Project Overview
Tether, the world's largest issuer of stablecoins, is a company that issues stablecoins pegged 1:1 to fiat currencies and aims to promote the digital use of fiat currencies. It currently has four divisions: Tether Data, which specializes in AI and P2P technology investments; Tether Finance, which manages stablecoin services; Tether Power, which is responsible for sustainable bitcoin mining; and Tether Edu, which promotes digital skills education.
Tether Gold-Backed Digital Asset XAU₮ Receives Sharia Compliance Certification
Tether announced that its gold-backed digital asset XAU₮ has received Sharia compliance certification from Amanah Advisors, an institution led by Mufti Faraz Adam. The certification confirms that XAU₮ adheres to the core principles of Islamic finance. XAU₮ is issued by TG Commodities, S.A. de C.V., with each full token representing direct ownership of physical gold stored in Swiss vaults. Certification requirements include genuine ownership of physical gold, clear and verifiable asset backing, no interest (riba), no leverage or speculative derivatives, and transparent reserve structures. Tether stated that XAU₮ can be used for integrating digital gold products into Islamic banking, takaful and halal savings products, long-term wealth preservation strategies, as well as tokenized trade finance and collateral applications. Amanah Advisors will continue to work with Tether to develop practical guidelines and governance frameworks to support the adoption of XAU₮ in a Sharia-compliant manner.
Binance Quanto Perpetual Contracts Launch Tencent and Xiaomi Hong Kong Stock Trading
on July 22 that Binance has officially launched the HK0700 USDT (Tencent) and HK1810 USDT (Xiaomi) Hong Kong stock trading pairs on its Quanto perpetual contracts.Binance Quanto perpetual contracts allow users to trade non-USD-denominated stocks using local currencies without the need for foreign exchange conversion, lowering the barrier to entry while enhancing trading convenience. Binance TradFi products now support 140 trading pairs, and the trading volume of its TradFi perpetual contracts over the past week has approached $100 billion, continuously expanding users' one-stop experience in trading traditional financial assets.
Gate launches KIMIUSDT (Moonshot AI) pre-market perpetual contract trading
according to official sources, Gate has now launched KIMIUSDT (Moonshot AI) pre-market perpetual contract trading (USDT settlement), supporting 1-10x leverage.Moonshot AI is an AGI unicorn independently developing general-purpose large models, ranking among the top tier of AI startups in China in terms of financing scale and technical performance.
Ualá completes $197 million funding round, led by Allianz X with participation from Tether
Odaily Odaily: Argentine digital bank Ualá has completed a $197 million funding round, led by Allianz X, the strategic investment arm of the Allianz Group, with a $20 million investment from Tether. The round was announced in March, valuing Ualá at $3.2 billion. Ualá has over 11 million users, with operations spanning Argentina, Mexico, and Colombia. The company will use the funds to expand across Latin America, with Mexico as a key market. Ualá founder and CEO Pierpaolo Barbieri stated that this investment does not include the integration of stablecoins on the platform. Ualá operates as a licensed bank in relevant markets, and regulatory rules restrict it from conducting such integrations.
Stablecoin Payment Infrastructure Pact Labs Raises $7 Million in Series A Funding Led by Tether
Pact Labs, a stablecoin payment infrastructure provider, has announced a $7 million Series A funding round, led by Tether, with participation from Blockchange Ventures and Lasagna. The new funds will be used to accelerate infrastructure development, enabling USAT to provide payroll services, wage withdrawals, credit, and payment solutions for millions of American workers. USAT is a USD stablecoin issued by Tether in partnership with Anchorage Digital Bank. (Prnewswire)
Pact Labs Completes $7 Million Series A Funding Round Led by Tether
Pact Labs has announced the completion of a $7 million Series A funding round, led by Tether, with participation from Blockchange Ventures and Lasagna. The project's primary business is to provide core infrastructure for USA₮ in scenarios such as payroll, earned wage access, credit, and everyday payments. (Tether News).
Bitget US Stock Tokens (rToken) rJMKE Now Listed
According to the official announcement, to meet users' diversified investment needs, Bitget's US stock token rToken has listed rJMKE (Jersey Mike's Subs). As of now, the Bitget platform supports a total of 608 US stock tokens. It is reported that rTokens, identified by the letter r + stock ticker (e.g., NVIDIA as rNVDA), are issued by Bitget's licensed RWA protocol Reality, directly connecting to global liquidity pools such as Nasdaq and NYSE through cooperation with compliant broker Alpaca. Its features include: underlying assets 1:1 reserved and custodied by licensed custodians, stock dividends distributed 1:1 in token form, support for synchronized mapping of corporate actions (stock splits, etc.), and holdings can serve as joint margin for unified accounts and USDT-margined contracts, allowing users to flexibly manage funds while holding global stock assets.
BIT: Bitcoin Shows Resilience at Cycle Bottom Under Dual Negative Pressure, $70,000 Becomes Key Confirmation Level
According to BIT Official Chinese (@BITofficial_CN) analysis, the current crypto market faces dual pressure from the Federal Reserve's hawkish stance and the slowed progress of the CLARITY Act. Federal Reserve Chair Kevin Warsh maintains a hawkish stance; the 2-year US Treasury yield has risen cumulatively by approximately 35 basis points since late January, and the Committee has seen a pattern of 9 votes to maintain interest rates and 3 votes supporting rate hikes. Regarding the CLARITY Act, prediction markets indicate a mere 32% probability of it being signed by the end of 2026, with the legislative window continuing to narrow. Meanwhile, crypto market trading volume has retreated 80% from highs, total market cap has fallen approximately 50%, and USDT and USDC have shown no significant expansion since November 2025, reflecting an overall lack of new USD liquidity in the market. Despite this, Bitcoin remains within the $62,000 to $66,000 range, correcting only about 3% over the past week. It demonstrates stronger resilience compared to most altcoins, reflecting that active position adjustment pressure has been largely released. BIT points out that if Bitcoin subsequently regains $70,000 and drives multiple indicators to turn bullish, it will further confirm that the low point of this cycle has been established.
Tether-compliant stablecoin USAT launches on Celo, marking its second mainnet deployment after Ethereum
the token is issued by Anchorage Digital Bank, can be natively minted and redeemed on Celo, and can be directly used to pay on-chain gas fees via Celo's fee abstraction mechanism. USAT went live in January this year and currently has a market cap of approximately $185 million.
Binance Lists Gold and Silver Commodity Options, Supporting USDT Trading Settlement
Binance has launched commodity options, which are USDT-settled European-style cash-settled contracts. Traders can trade Gold (XAUUSDT) and Silver (XAGUSDT) options, with 1-day and 1-week expiration structures available for each underlying. Retail users can only go long. The relevant options were listed on July 29 at 18:00. The relevant products are traded on Nest Exchange Limited, regulated by the Abu Dhabi FSRA, and cleared by Nest Clearing and Custody Limited.
Bank of Russia Releases Draft Regulatory Rules for Crypto Exchanges and Custodians
According to Cryptopolitan, the Central Bank of Russia (CBR) has released a draft of supporting regulatory rules for the cryptocurrency market, covering registration and operational requirements for crypto exchanges, digital depository institutions, and token issuers. The draft stipulates that the minimum net assets of digital depository institutions must range between 50 million and 250 million rubles (approximately $600,000 to $3 million), depending on the nature of the business. These rules will supplement the "Law on Digital Currency and Digital Rights" passed by the Russian State Duma earlier this month, which is expected to officially take effect on September 1, 2026. Under the new framework, non-qualified investors are limited to purchasing mainstream assets such as BTC, ETH, and USDT annually, with a cap of $4,000; industry participants will have a transition period until March 1, 2027, to complete compliance and approval procedures.
Binance to Launch Gold and Silver European Options, Settled in USDT
Binance will launch Gold and Silver European options, settled in USDT, through Nest Exchange, which is regulated by ADGM. There has been strong demand for Binance's precious metals perpetual futures ahead of this product launch. The new contracts reference a benchmark derived from multiple third-party price sources. Retail investors can buy call and put options, but are not permitted to sell options, with their downside risk limited to the premium paid. Binance stated that the metal options are part of its plan to offer compliant, crypto-native exposure to traditional assets. Binance intends to expand its options product line and may allow retail investors to sell options on a limited basis under stricter regulations.
Binance will delist the AEUR product on July 31, 2026
that, according to an official announcement, Binance will cease support for the AEUR product on July 31, 2026, at 03:00 (UTC), including delisting the AEUR/USDT spot trading pair. Starting from August 14, 2026, at 03:00 (UTC), AEUR withdrawals will be disabled, and any remaining AEUR balance in accounts will be automatically converted to Euros at a 1:1 ratio. Users can convert their AEUR to Euros via Binance Convert before this date. Meanwhile, related services such as Binance Simple Earn, Margin, Loans, Payments, and Gift Cards will gradually discontinue support for AEUR between July 30 and 31, 2026.
Cumberland deposited approximately $6.65 million in assets to exchanges
Odaily reports, according to Onchain Lens monitoring, the Cumberland wallet (0x091D...18336) deposited approximately $6.65 million in assets to exchanges in the past few minutes, including 108,100 HYPE (worth about $5.95 million) to Bybit and 700,000 USDT to Binance.
Bybit Dual Investment Bi-Weekly Challenge Round 6 Kicks Off, "Whales" Can Win Top Prize of 2900 USDT
It is reported that Phase 6 of the Bybit Dual Investment Bi-weekly Challenge, featuring new reward mechanisms, will launch at 6 PM on July 27, and the event will last for two weeks. After registering for the event, users can trade Bybit Wealth Dual Investment products to compete for the Dual Investment trading leaderboard and win exciting rewards. Participants whose trading volume breaks the "Whale Threshold" can trigger "Critical Hit Rewards," with up to 2,500 USDT available. The top 10 exceeding the critical hit threshold can receive an 80 USDT surprise bonus for every 1M USDT. The top 100 can share 12,000 USDT, and new users also enjoy exclusive rewards worth 100 USDT in Dual Investment trial funds.
Bitget Launches USDT Wealth Management Event, Up to 8.5% APR
Bitget launches a USDT wealth management event from July 23 to August 6. During the event, users whose net deposit amount reaches the specified threshold can subscribe to USDT flexible wealth management products in the "Simple Earn" section and enjoy corresponding tiered annualized yields, up to 8.5% APR. Eligible net deposit currencies include USDT, USDC, USDGO, and U. For details, please refer to the official Bitget platform.
Bitget launches US stock spot trading event, unlock USDT spot gift package by trading
Bitget has launched a US stock spot trading event, running from July 22 to August 21. During the event, users who complete a net deposit of at least 100 USDT and engage in stock spot trading, while holding their positions for at least 48 hours, will receive a gift package worth 50 USDT. The rewards include a 10 USDT spot cash voucher and a 40 USDT spot 100% fee rebate voucher. For more details, please refer to the official Bitget platform.
Bitget Trading Bots Now Support US Stock Tokens (rToken) Smart Positioning Feature
According to the official announcement, the Bitget Trading Bot now supports smart holdings for US stock tokens (rTokens). It has also simultaneously launched multiple recommended portfolios, including the US Stock Top 10 Giants Mag 10, Serenity Holdings, Musk Concept, and more, enabling users to copy holdings with one click and automatically manage positions. Users can navigate to "Trading Bot" and select "Smart Holdings", choose a desired portfolio from the recommendations, enter the investment amount, and establish the position. Alternatively, they can create manually by configuring supported stock rTokens and cryptocurrencies, setting target allocations and rebalancing conditions for each asset, and completing the creation. App users can upgrade to the latest version to experience this feature. It is reported that rTokens, identified by the letter "r" plus the stock ticker (e.g., Nvidia as rNVDA), are issued by Reality, a licensed RWA protocol under Bitget. They connect directly to global liquidity pools such as Nasdaq and NYSE through cooperation with the compliant broker Alpaca. Features include: underlying assets reserved 1:1 and custodied by licensed institutions, stock dividends distributed 1:1 in token form, support for synchronized mapping of corporate actions (stock splits, etc.), and holdings can serve as joint margin for Unified Accounts and USDT-margined contracts, allowing users to flexibly manage funds while holding global stock assets.
Crypto DAO's Pro token suffered an attack, with the attacker and profit addresses holding approximately 8.2 million USDT.
According to Blockaid monitoring, Crypto DAO's Pro token was attacked. As of 00:23 early this morning, the attacker and related profit addresses currently hold a combined total of approximately 8.2 million USDT.
Garden Finance Hacked, Loss of Approximately $450,000 USDT
According to Cointelegraph, the cross-chain bridging and atomic swap protocol Garden Finance temporarily took its application offline after detecting abnormal activity on July 27. Blockchain security firm Blockaid disclosed that attackers exploited a vulnerability in Garden Finance's Hash Time Locked Contracts (HTLC), stealing a total of approximately $450,000 worth of USDT across four networks: Ethereum, Base, Arbitrum, and BNB Smart Chain.
Specter: Malicious EIP-7702 Signature Attack Results in $2.96M Loss for PancakeSwap LP
on-chain security analyst Specter has detected that a long-dormant PancakeSwap liquidity provider (LP) suffered a loss of approximately $2.96 million after signing a malicious EIP-7702 authorization. It is reported that the attacker removed approximately $1.48 million in BSC-USD and $1.48 million in BUSD liquidity provided by the victim, subsequently swapping the BUSD for ETH. Currently, the attacker has deposited approximately $1.46 million into Tornado Cash, while the remaining $1.48 million in USDT remains in the attacker's address.
Approximately $1.1 million extracted, Allbridge Core exploited on Solana
Odaily reports, according to monitoring by Onchain Lens, Allbridge Core has been exploited on Solana. The attacker borrowed $1.12 million USDC via a Kamino flash loan, then rapidly executed a USDC/USDT swap, distorting the stablecoin pool ratio of Allbridge. They withdrew liquidity at the manipulated exchange rate and repaid the flash loan within the same transaction, extracting approximately $1.1 million in funds. The funds were subsequently mixed through a privacy protocol. The maximum single withdrawal from Allbridge was $2.24 million USDC. Further analysis of the vulnerability exploit and the affected pools is ongoing.
US Government Transfers 296,700 USDT to Coinbase Prime
The U.S. government has just transferred seized funds related to the Bitfinex hack case, with 296,710 USDT moved to Coinbase Prime, possibly for OTC sale.
CodexField's X account and website taken offline, previously accused of fraud
according to CertiK's monitoring, CodexField's X account and website have been taken offline. Earlier, on-chain analyst Specter had warned that the project might be a scam and exit scam, and tracked abnormal cross-chain fund transfers totaling over 17.3 million USDT.
Uniswap Partners with Morpho to Launch On-Chain Yield Product Earn
Uniswap partners with decentralized lending protocol Morpho to launch yield product Earn, enabling users to directly deposit USDC, USDT, and ETH to earn on-chain yield while keeping assets non-custodial.
Tether's Q2 Performance Weakens, Excess Reserves Decline by Over $4 Billion
Odaily Crypto Daily News: Tether released its financial report on Friday, stating that its excess reserves decreased by $4.1 billion in Q2 compared to the previous quarter, nearly halving.As of the end of Q1, USDT issuer Tether had stated that its assets exceeded its liabilities by $8.2 billion; however, in the latest data, this figure has dropped to $4.1 billion.The report also shows that Tether's financial result for the first half of this year was negative $3.2 billion. Given that the company reported a net profit of $1 billion in Q1, this suggests it may have recorded a loss of over $4 billion in Q2.On a year-over-year basis, Tether's performance has also clearly weakened. The company's net profit for Q2 2025 was $4.9 billion, while its net operating profit for Q2 this year was $1.5 billion. Net operating profit typically excludes unrealized gains or losses resulting from price fluctuations in assets such as Bitcoin and gold.
Tether Reports $1.5 Billion Net Operating Profit in Q2, Reserve Buffer Reaches $4.11 Billion
: Tether International, S.A. de C.V. has released its Q2 2026 assurance report, prepared by global independent accounting firm BDO, confirming Tether's financial data and reserve report, and outlining the assets backing USD₮ as of June 30, 2026. As of the end of Q2, USD₮ issuance stood at approximately $184.6 billion, an increase of about $446 million from the end of Q1, with its stablecoin market share exceeding 60%. Tether reported a net operating profit of approximately $1.5 billion in Q2, primarily derived from U.S. Treasuries and repurchase operations. As of quarter-end, Tether's total assets were $187.751 billion, with total liabilities of $183.642 billion, of which $183.622 billion was related to issued digital tokens. Its assets exceeded liabilities by approximately $4.11 billion, and secured loan exposure decreased by approximately $2.38 billion, a reduction of 15%. Tether CEO Paolo Ardoino stated that USD₮ remains fully backed by reserves, with 14 tons of physical gold added during the quarter and a global user base expansion of over 30 million new users. Tether also continued to advance the audit process with Big Four accounting firms during Q2.
Binance Futures will list the GRVTUSDT USDT-margined perpetual contract
According to the official announcement, the Binance Futures platform will list the GRVTUSDT perpetual contract on July 31, 2026, at 20:45 (UTC+8 time).
Bonk Guy: Capital Blindly Chases New Chain Meme Narratives, Most Projects Lack Real User Bases
Odaily News: Crypto KOL Unipcs (also known as "Bonk Guy") stated that Crypto Twitter (CT) and on-chain traders are constantly rotating to chase the hot narratives of each newly launched public chain—essentially, they are continuously seeking new opportunities to lose money.Unipcs noted that two weeks ago, the market concentrated on hyping the Base ecosystem narrative due to Robinhood Chain's performance, but the trend ultimately did not last. Last week, the market began viewing Stable Chain as the next "Robinhood Chain" opportunity, and he had previously warned the community about the related risks.He stated that the highest market-cap Meme coin on Stable Chain has already dropped approximately 90%, and most Meme projects have not generated genuine market attention.Unipcs believes he is not opposed to Tether or Arc Chain—if they focus on their positioning as stablecoin infrastructure, they may still achieve growth. However, forcibly fitting every new chain into the Meme coin narrative is an unreasonable market behavior.He added that many participants do not understand Meme coin culture, which could lead to significant losses for investors' assets. For trading Meme coins, Unipcs recommends focusing on networks with existing ecosystem foundations, such as Robinhood Chain, Solana, and BNB Chain.
MGBX to List Stock Tokens in Batches
Odaily News, According to official sources, MGBX will list stock token trading for CBRSB/USDT, DRAMB/USDT, GLWB/USDT, GOOGLB/USDT, NBISB/USDT, QCOMB/USDT, SOXLB/USDT, SPYB/USDT, WDCB/USDT, and SKHYB/USDT in batches starting at 18:00 (SGT) on July 31, 2026. Trading will open at 18:00 (SGT) on July 31, 2026.
Related news
Uniswap Partners with Morpho to Launch On-Chain Yield Product Earn
Uniswap partners with decentralized lending protocol Morpho to launch yield product Earn, enabling users to directly deposit USDC, USDT, and ETH to earn on-chain yield while keeping assets non-custodial.
Tether's Q2 Performance Weakens, Excess Reserves Decline by Over $4 Billion
Odaily Crypto Daily News: Tether released its financial report on Friday, stating that its excess reserves decreased by $4.1 billion in Q2 compared to the previous quarter, nearly halving.As of the end of Q1, USDT issuer Tether had stated that its assets exceeded its liabilities by $8.2 billion; however, in the latest data, this figure has dropped to $4.1 billion.The report also shows that Tether's financial result for the first half of this year was negative $3.2 billion. Given that the company reported a net profit of $1 billion in Q1, this suggests it may have recorded a loss of over $4 billion in Q2.On a year-over-year basis, Tether's performance has also clearly weakened. The company's net profit for Q2 2025 was $4.9 billion, while its net operating profit for Q2 this year was $1.5 billion. Net operating profit typically excludes unrealized gains or losses resulting from price fluctuations in assets such as Bitcoin and gold.
Tether Reports $1.5 Billion Net Operating Profit in Q2, Reserve Buffer Reaches $4.11 Billion
: Tether International, S.A. de C.V. has released its Q2 2026 assurance report, prepared by global independent accounting firm BDO, confirming Tether's financial data and reserve report, and outlining the assets backing USD₮ as of June 30, 2026. As of the end of Q2, USD₮ issuance stood at approximately $184.6 billion, an increase of about $446 million from the end of Q1, with its stablecoin market share exceeding 60%. Tether reported a net operating profit of approximately $1.5 billion in Q2, primarily derived from U.S. Treasuries and repurchase operations. As of quarter-end, Tether's total assets were $187.751 billion, with total liabilities of $183.642 billion, of which $183.622 billion was related to issued digital tokens. Its assets exceeded liabilities by approximately $4.11 billion, and secured loan exposure decreased by approximately $2.38 billion, a reduction of 15%. Tether CEO Paolo Ardoino stated that USD₮ remains fully backed by reserves, with 14 tons of physical gold added during the quarter and a global user base expansion of over 30 million new users. Tether also continued to advance the audit process with Big Four accounting firms during Q2.
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Binance Futures will list the GRVTUSDT USDT-margined perpetual contract
According to the official announcement, the Binance Futures platform will list the GRVTUSDT perpetual contract on July 31, 2026, at 20:45 (UTC+8 time).
Bonk Guy: Capital Blindly Chases New Chain Meme Narratives, Most Projects Lack Real User Bases
Odaily News: Crypto KOL Unipcs (also known as "Bonk Guy") stated that Crypto Twitter (CT) and on-chain traders are constantly rotating to chase the hot narratives of each newly launched public chain—essentially, they are continuously seeking new opportunities to lose money.Unipcs noted that two weeks ago, the market concentrated on hyping the Base ecosystem narrative due to Robinhood Chain's performance, but the trend ultimately did not last. Last week, the market began viewing Stable Chain as the next "Robinhood Chain" opportunity, and he had previously warned the community about the related risks.He stated that the highest market-cap Meme coin on Stable Chain has already dropped approximately 90%, and most Meme projects have not generated genuine market attention.Unipcs believes he is not opposed to Tether or Arc Chain—if they focus on their positioning as stablecoin infrastructure, they may still achieve growth. However, forcibly fitting every new chain into the Meme coin narrative is an unreasonable market behavior.He added that many participants do not understand Meme coin culture, which could lead to significant losses for investors' assets. For trading Meme coins, Unipcs recommends focusing on networks with existing ecosystem foundations, such as Robinhood Chain, Solana, and BNB Chain.