News linked to both this project and an event.
: In an interview this week, Circle President Heath Tarbert responded to questions about the stock price falling from $260 to $62, stating that the company is focusing on long-term development. If it can fulfill its mission of building a full-stack internet platform infrastructure, the stock price will ultimately reflect that value in the long run. Addressing the new competition posed by the Open USD Alliance, which consists of 140 companies including Visa, Stripe, Mastercard, and Google, Heath Tarbert noted that USDC, as a stablecoin natively supporting 34 blockchains, has built a network effect with a circulating supply of $73 billion that is extremely difficult to replicate. Discussing the difference in market position compared to Tether, he stated that USDC is the world's largest regulated stablecoin and boasts the highest real transaction volume.
the US stablecoin regulatory bill, the GENIUS Act, has now been in effect for one year. Non-US issuers such as Tether have two years remaining to establish compliance strategies to meet US stablecoin issuance rules. The bill originally required federal financial regulatory agencies to finalize stablecoin rulemaking before the one-year mark, but the relevant rules have not yet been issued, leaving the compliance pathway uncertain. Under the basic framework of US standards, Tether’s USDT would need to undergo multiple significant adjustments before the rules take effect in order to meet legal requirements.
According to reports from Lianhe Zaobao, Taiwan's largest virtual currency merchant, Bixiang Technology, colluded with fraud groups to launder 2.3 billion New Taiwan Dollars (approximately 92.13 million Singapore Dollars). The Shilin District Court issued a first-instance verdict on July 16. The mastermind, company head Shi Qiren, who had a background in the Tiandao Alliance gang, was sentenced to 22 years in prison, and criminal proceeds exceeding 43.71 million New Taiwan Dollars were confiscated. It is reported that Shi Qiren was the head of the Taiwan region of the offshore virtual asset exchange CoinW (CoinWin). Since CoinW had not completed the anti-money laundering compliance registration with the Taiwan Financial Supervisory Commission, he acquired Bixiang Technology, which had passed the compliance declaration, as a shell company for 19.2 million New Taiwan Dollars in October 2023. Subsequently, 45 physical stores were opened across Taiwan to illegally sell Tether (USDT), collaborating with fraud groups to deceive the public through methods such as fake investments, fake friendships, and fake recruitment. Between January 2024 and April 2025, a total of 1,539 victims suffered losses, with the defrauded amount reaching 1.275 billion New Taiwan Dollars, and the overall money laundering amount exceeding 2.3 billion New Taiwan Dollars.
: Circle has entered into a strategic alliance with Argentine financial services group BIND Group to provide USDC liquidity access to Argentine enterprises through BEN, a licensed virtual asset service provider under BIND. BIND Group has total assets exceeding $2 billion, and its core banking entity, BIND Banco Industrial, provides services to institutions and enterprises. BEN will operate in compliance with Argentine regulatory requirements, supporting use cases such as payments, treasury management, and digital asset transfers. BIND Vice President Andrés Meta stated that expanding institutional access to USDC is an important step for the Argentine digital asset ecosystem. Circle CEO Jeremy Allaire noted that Argentina has become a more attractive destination for foreign investment. Argentina is one of the few markets in Latin America where USDC adoption levels are close to those of USDT. Tether-backed Oobit disclosed that transaction volumes completed by Argentine users using USDC account for 46% of the country’s total stablecoin transaction volume.
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.
Bitget has listed 16 US stock tokens, including rXBI (S&P Biotech ETF-SPDR), rDIA (SPDR Dow Jones Industrial Average ETF Trust), rKSTR (SSE STAR 50 Index ETF), rJBL (Jabil Inc.), and rKR (Kroger), covering sectors such as finance, healthcare, information technology, and industrials. It is reported that rTokens, identified by the letter 'r' + stock ticker (e.g., NVIDIA as rNVDA), are issued by Reality, a licensed RWA protocol under Bitget. They directly connect to global liquidity pools such as Nasdaq and NYSE through cooperation with compliant broker Alpaca. Their features include: underlying assets 1:1 reserved and custodied by licensed custodians, stock dividends distributed 1:1 in token form, support for synchronous mapping of corporate actions (stock splits, etc.), and holdings can serve as combined margin for unified accounts and USDT-margined contracts, allowing users to flexibly manage funds while holding global stock assets.
Odaily Odaily news, according to the official announcement, Bitget's Staking Borrowing section has newly added support for 39 stock tokens (rToken) as collateral assets. The newly listed targets include popular US stocks and ETFs such as rAMD, rSMH, rARM, and rSKHY, covering diverse categories including semiconductors, finance, healthcare, and energy.Users holding relevant stock tokens can now use them as collateral to borrow mainstream assets like USDT and USDC, unlocking liquidity without selling their holdings. The corresponding feature on the Web platform has been launched, with the App version expected to go live within this week. Specific collateral parameters and more details can be found on the Bitget official platform.It is reported that rTokens, identified by the letter r + stock ticker (e.g., rNVDA for NVIDIA), are issued by Reality, a licensed RWA protocol under Bitget. By partnering with the compliant brokerage Alpaca, it connects directly to global liquidity pools such as Nasdaq and the NYSE. Its features include: 1:1 reserve of underlying assets held by a licensed custodian, stock dividends distributed 1:1 in token form, synchronized mapping of corporate actions (stock splits, reverse splits, etc.), and the ability to use holdings as combined margin for unified accounts and USDT-margined contracts, allowing users to manage funds flexibly while holding global stock assets.
According to the Financial Times, stablecoin issuer Circle banned crypto fund Heka Funds at the end of 2023. Court documents reveal that Circle accused Heka of leveraging large-scale arbitrage operations to buy discounted USDC and redeem cash from Circle during the 2023 Silicon Valley Bank (SVB) crisis, suspecting that the relevant funds ultimately flowed to Tether to help it expand its USDT market share. Arbitration documents disclosed that Tether had invested approximately $800 million in Heka, accounting for about 75% of the fund's assets, and waived its minting fees, but Heka did not disclose this support relationship to Circle. Heka previously filed for arbitration claiming approximately $49 million in lost profits due to the account ban, but the arbitrator rejected all its claims in February this year, determined that Heka engaged in bad faith conduct, and ordered it to pay Circle approximately $166,000 in attorney and expert fees. Heka denied engaging in market manipulation and stated it was not under regulatory investigation.
According to on-chain investigator Specter (@SpecterAnalyst), Tether has frozen four TRON chain wallets holding a combined total of approximately 131 million USDT. Tracing the source of funds, most of the funds were withdrawn from payment service provider DTC Pay and cryptocurrency exchange Bitso. Further investigation reveals that the aforementioned wallets are linked to the Islamic Revolutionary Guard Corps (IRGC) and the Central Bank of Iran on the sanctions list of the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC). The specific reason for the freeze has not yet been officially announced.
the European Central Bank (ECB) has selected 36 banks and payment companies to participate in the digital euro pilot project, preparing for the potential issuance of a Central Bank Digital Currency (CBDC) possibly in 2029. Selected institutions include Deutsche Bank, Revolut, Adyen, SumUp, UniCredit, and Worldline. The list was selected from 50 applicant institutions.The digital euro pilot program is scheduled to launch in the second half of next year, lasting for 12 months. It will test the Beta version of the digital euro across various payment scenarios, including: online person-to-person transfers, offline payments, in-store payments, and e-commerce payments. The pilot scope will cover the ECB and the central banks of 19 eurozone countries. ECB employees and staff from national central banks will participate as users, while some restaurants, cafes, and online merchants will support digital euro payments.Although the digital euro currently lacks legal tender status, its design will closely align with the relevant legislative framework being developed by the European Union. The ECB stated that the final decision on whether to issue a digital euro will await the passage of relevant regulations and a decision by the ECB's Governing Council.One of the key reasons for the ECB's push for a digital euro is concern that the development of private dollar-pegged stablecoins could impact Europe's monetary sovereignty. In recent years, dollar-backed stablecoins like Tether's USDT and Circle's USDC have grown rapidly in global payment volumes, drawing the attention of European regulators to financial autonomy.However, the CBDC project still faces privacy controversies. Some privacy advocacy groups worry that a central bank digital currency could lead to transaction tracking or even pose a risk of restricted account access. In contrast, the United States has recently passed laws restricting the Federal Reserve System from issuing a digital dollar before the end of 2030.Currently, Europe's digital euro project is entering its practical testing phase, while EU legislative bodies are advancing the relevant legal framework. If the regulatory process proceeds smoothly, the digital euro could potentially be officially launched as early as 2029. (CoinDesk)
Gate's June 2026 transparency report shows the platform is continuously improving its global stock investment service system. It has built a 7×24 trading network covering the three major markets of US stocks, Hong Kong stocks, and Korean stocks, supporting users in investing in global stocks with a one-stop solution using USDT through a unified account. The platform also offers services such as a minimum investment of 0.01 shares, stock dividends, cross-broker transfer, and stock splits/consolidations. Concurrently, Gate has launched a Direct IPO product and its first project, SpaceX (SPCX), forming a complete investment chain covering Pre-IPOs, Direct IPOs, and secondary stock market trading, further expanding global asset allocation capabilities. Additionally, the platform has officially introduced Gate Wealth, integrating digital assets, stocks, ETFs, foreign exchange, commodities, and primary market investment opportunities, providing users with a more diverse selection for global asset allocation.Alongside building a one-stop comprehensive financial service platform, Gate is also strengthening its security, transparency, and global compliance efforts. According to the latest reserve data, as of June 22, Gate's total reserve size reached $8.182 billion, with an overall reserve ratio of 115%, covering nearly 500 types of user assets. This reserve level is higher than industry security benchmarks. Gate is accelerating its global compliance layout, with several of its entities having completed relevant regulatory registrations, filed for licenses, or obtained authorization and approval in jurisdictions such as Malta, the Bahamas, Japan, the United States, Australia, and Dubai. By securing multi-jurisdictional regulatory permits and registrations, it solidifies its global business foundation. Looking ahead, Gate will continue to deepen the integration of traditional finance with digital assets. Under the premise of safety and compliance, it will enhance its service systems for trading, investment, wealth management, and payments, accelerating the construction of a comprehensive financial services ecosystem covering global markets.
据 CoinDesk 报道，玻利维亚政府正评估将泰达币（USDT）纳入国家支付系统，探索其与玻利维亚诺及美元并行流通的可行性。相关方案仍处于技术审查阶段，尚未公布具体实施规则，也未赋予 USDT 法定货币地位。
the Bank of Thailand is strengthening stablecoin regulation to combat money laundering, illegal financing, and "grey capital" in the country. The central bank is collaborating with the Securities and Exchange Commission to review high-value stablecoin transactions, focusing on USDt (USDT), cash transactions, and foreign exchange dealings to identify and prevent illicit fund flows. Thailand will also expand the compliance responsibilities of commercial banks in areas such as cash networks, foreign exchange services, gold trading, and suspicious stablecoin transactions. In 2025, Thailand suffered losses of 115 billion Thai baht (approximately $3.4 billion) due to scams, recording about 173 million fraudulent calls and text messages. Cash deposits exceeding 5 million Thai baht will also require full disclosure. Bitkub, Thailand's largest exchange, processes a daily trading volume of approximately $26 million, nearly 40% of which is foreign exchange trading, with the USDT/THB trading pair being the most popular. In 2025, Thailand's banking sector froze 3 million bank accounts as part of efforts to crack down on nominee accounts, grey capital, and suspicious activities. (Cointelegraph).
According to BLOCKMEDIA, South Korean police are investigating a case of political interference in crypto market competition. The former aide of independent lawmaker Kim Byung-ki was alleged to have pressured the Financial Supervisory Service (FSS) in February last year, forcing Upbit to terminate fee reduction campaigns for $USDC and $USDT to alleviate the financial pressure suffered by competitor Bithumb due to launching zero-fee promotions. The suspicion lies in the fact that the aide secured an informal advisory position at Bithumb several months after the interference occurred, while the lawmaker's son was also hired as an intern by the exchange. Bithumb denied knowledge of any political interference, insisting that the fee adjustment was an independent business decision.
: Following a meeting with Islamic scholar Mufti Taqi Usmani, Bilal bin Saqib, Chairman of the Pakistan Virtual Assets Regulatory Authority, stated that stablecoins, tokenized RWAs, and other blockchain products should undergo separate technical and Sharia assessments and should not be treated as a single category. Previously, scholars including Usmani issued a fatwa determining that USDT and other cryptocurrencies do not constitute wealth recognized under Islamic Sharia law, rendering transactions involving the purchase of physical goods or digital services with them invalid. In March of this year, Pakistan passed the Virtual Assets Act, which requires exchanges, custodians, and token issuers to ensure their operations comply with Sharia law under the guidance of an Islamic finance scholars committee. Meanwhile, the country is advancing plans for a sovereign stablecoin, the tokenization of national assets, and the licensing of crypto trading platforms.
Bitget Stock Spot rToken has listed SK Hynix (rSKHY). From now until July 17, users trading rSKHY can enjoy a 0 fee promotion.In addition, the platform has launched a exclusive event for new users, with a total prize pool of 50,000 USDT equivalent in SK Hynix. During the event, new registered users who complete a net deposit of at least 1,000 USDT and their first trade can randomly receive 10-88 USDT equivalent in rSKHY. New users participating in rSKHY trading can also unlock corresponding tiered stock rewards based on their cumulative trading volume, with the highest individual reward being rSKHY worth 888 USDT. The participation period is from July 10 to July 17.It is reported that rTokens, identified by the letter "r" followed by the stock ticker symbol (e.g., rNVDA for Nvidia), are issued by Reality, a licensed RWA protocol under Bitget. Through a partnership with compliant broker Alpaca, they are directly connected to global liquidity pools such as Nasdaq and NYSE. Their features include: 1:1 reserve of underlying assets held by a licensed custodian, stock dividends distributed 1:1 in token form, corporate actions (such as stock splits and reverse splits) mirrored synchronously, and the holdings can be used as cross-collateral for unified accounts and USDT-margined contracts.
Odaily Odaily reports, according to official announcement, Bitget Margin Lending has now added support for stock tokens (rToken) as collateral assets. The first batch includes 26 popular US stock and ETF tokens such as rNVDA, rAAPL, rGOOGL, and rQQQ, covering sectors including technology, semiconductors, and index funds.Users holding these stock tokens can now use them as collateral to borrow mainstream assets like USDT and USDC, thereby unlocking capital liquidity without selling their holdings. The web version of this feature is now live, and the app version will be available next week. For specific collateral parameters and more details, please refer to the official Bitget platform.It is reported that rTokens, identified by the letter "r" followed by the stock ticker (e.g., rNVDA for NVIDIA), are issued by Reality, a licensed RWA protocol under Bitget. Through a partnership with compliant broker Alpaca, they are directly connected to global liquidity pools such as Nasdaq and NYSE. Their features include: 1:1 reserve of underlying assets custodied by a licensed custodian; stock dividends distributed 1:1 in token form; support for synchronous reflection of corporate actions (such as stock splits and reverse splits); and the ability to serve as joint margin for unified accounts and USDT-margined futures contracts, allowing users to flexibly manage their capital while holding global stock assets.
Gate issued an announcement regarding the recent "user asset theft incident," sharing internal comprehensive verification results, analysis of the incident's cause, and progress on subsequent handling. Regarding the verification process and key facts, the announcement stated that after comprehensive verification, materials submitted by the applicant at the time, including account information, real-name information, transaction records, Alipay screen recordings, etc., matched the account completely. According to analysis by the technical team, Alipay screen recordings can only be made by the customer themselves or someone with access to the customer's Alipay account. Alipay possesses an extremely strict real-time risk control system; logging into Alipay on a different device will mandate multi-factor authentication. This indicates a situation involving serious leakage of customer information or device compromise. Regarding the Gate platform audit mechanism, the announcement stated that the Company's security unbinding audit mechanism strictly executes the four-fold verification process of "Multi-channel advance notification + System risk control preliminary screening + Manual multi-layer review + Time protection," and never has nor will it approve any security item change application based on a single material alone. Gate always takes information security and customer data protection as the Company's core management requirements. The issue of internal information leakage mentioned by some parties does not exist. Regarding fund recovery and subsequent handling, the announcement stated that Gate processed the matter with the highest priority immediately after the incident occurred, coordinating security, compliance, legal, business, and other teams to carry out on-chain analysis and asset tracking and freezing. It continues to coordinate with third-party institutions such as Tether to advance fund freezing. Subsequently, it will also actively cooperate with judicial authorities in investigations and data collection. Any substantive progress will be communicated immediately.
According to Cointelegraph, crypto-friendly digital banking platform Revolut announced that it will cease support for USDT in the European Economic Area (EEA) and Swiss markets by August 31, 2026, with other markets remaining unaffected. Revolut stated that this move stems from regular reviews of crypto services and risk considerations under the EU MiCA regulatory framework. Currently, Revolut has already removed USDT trading pairs for EEA users from its Revolut X trading platform. It is worth noting that Switzerland is not a member of the EU or EEA and is not directly bound by MiCA, yet Revolut has not provided an explanation for including Switzerland in the affected markets. This delisting decision aligns with the overall trend of crypto platforms in the EU—since Tether chose not to apply for authorization under the MiCA framework, multiple platforms have successively delisted USDT.
Odaily, Bitget announced that the Assets Under Management (AUM) for its stock token (rToken) product has exceeded $100 million within one month of launch. As of July 6, the number of users participating in related asset trading surpassed 100,000, with cumulative trading volume reaching $671.37 million.Looking at asset distribution, rSPCX is the rToken with the highest TVL, accounting for 23.51%; rCSCO and rNVDA follow with 17.75% and 13.38%, respectively. The overall ranking indicates that early demand for rTokens was primarily driven by high-interest private market assets and technology-related targets. Among these, AI infrastructure assets, covering areas such as networks, chips, storage, and semiconductors, have formed a significant demand cluster.It is reported that rTokens, identified by the prefix "r" followed by the stock ticker (e.g., rNVDA for NVIDIA), are issued by Reality, a licensed RWA protocol under Bitget. By partnering with the compliant brokerage Alpaca, they directly connect to global liquidity pools such as Nasdaq and the NYSE. Key features include: 1:1 reserve backing of underlying assets held by a licensed custodian, 1:1 distribution of stock dividends in token form, synchronized mirroring of corporate actions like stock splits and reverse splits, and the ability to use holdings as joint margin for unified accounts and USDT-margined contracts. This allows users to hold global stock assets while still flexibly managing their capital.