News linked to both this project and an event.
Odaily News British politician Nigel Farage has announced his resignation as MP for the Clacton constituency and will stand in the subsequent by-election to reclaim his seat, stating the move is intended to challenge the political establishment. Farage is currently under investigation by the Parliamentary Commissioner for Standards, with the core controversy centering on a large political donation that was not properly declared. Ahead of the 2024 general election, he received £5 million from Christopher Harborne, a crypto investor based in Thailand who also holds a partial stake in the stablecoin Tether. Public scrutiny continues over whether this crypto-related donation violated parliamentary declaration obligations. Under investigative pressure, Farage chose to resign and seek re-election, an event that has also fueled ongoing market discussions about the regulatory implications of crypto capital entering Western political systems. (Bloomberg)
stablecoin issuer Tether has announced a $20 million strategic investment in the Latin American on-chain financial services platform Mercado Bitcoin to support its growth in asset tokenization, payments, credit, capital markets, and compliant digital financial services.Founded in 2013, Mercado Bitcoin has evolved from a digital asset trading platform into a comprehensive on-chain financial infrastructure platform, covering services such as trading, tokenized investment products, lending, stablecoin payments, banking infrastructure, and cross-border financial services. This funding will primarily be used to expand payment infrastructure, scale tokenized products for institutional and retail investors, develop credit businesses, advance on-chain capital market construction, seek strategic partnership opportunities, and drive international expansion.
Odaily报道 According to data from Visa's on-chain data platform, USDC has expanded its lead over USDT in stablecoin transaction volume during the first half of 2026. Data shows that the adjusted stablecoin transaction volume in June rose to $1.79 trillion, an increase of 63% month-over-month and 125% year-over-year from June 2025, setting a new all-time high. Visa's statistics have excluded non-genuine economic activities such as bot transactions and internal exchange transfers.The total stablecoin transaction volume for the first half of the year reached $8.82 trillion, surpassing the full-year 2024 level of $5.8 trillion, but still below the record $10.8 trillion set in 2025.Structurally, USDC accounted for approximately 70% of the volume in the first half of 2026, while USDT accounted for about 25%, indicating a significant shift in market share towards compliant stablecoins.Analysis points out that as banks and institutions increasingly use stablecoins for settlement and fund management—with institutions like Standard Chartered and BNY Mellon accelerating integration into the USDC ecosystem—stablecoin infrastructure is entering a phase of institutional expansion. (CoinDesk)
the Brazilian Association of Crypto-Economics (ABcripto) has requested the Brazilian Central Bank to suspend a proposal that would introduce a 24-hour delay for large stablecoin transfers. The association opposes the Central Bank's previous recommendation to impose a 24-hour lockup window for stablecoin transfers exceeding $10,000, stating that the measure would impact transparent market participants using regulated entities, while illicit actors would remain unaffected. ABcripto's members include Binance, Coinbase, Crypto.com, and Tether.The Brazilian Central Bank cited Chainalysis' crypto crime report, noting that illegal transaction volumes reached an all-time high in 2025. ABcripto President Julia Rosin stated that illegal actors typically avoid regulated institutions, preferring platforms that do not require identity verification, mixers, cross-chain bridges, and other less transparent structures.ABcripto also stated that the lockup measure could undermine the near-instant settlement use case for stablecoins and push users towards unregulated service providers. Currently, the Brazilian Congress is discussing specific regulations for stablecoins, and the Brazilian Central Bank plans to classify stablecoins as electronic money, rather than under the current digital asset classification. (Bitcoin.com News).
Odaily Planet Daily reports that digital bank and fintech platform Revolut has notified some users that it will officially delist the dollar stablecoin Tether (USDT) after August 31, 2026, and will automatically convert users' remaining holdings into their base fiat currency at the exchange rate of that day.According to the official notice, Revolut will suspend USDT purchase services starting July 6, and will halt USDT deposits after July 30, at which point any incoming USDT transfers will be directly rejected.If users have not sold or withdrawn their USDT by the end of August, their holdings will be automatically converted by the system into the account's base currency. The company attributes this adjustment to "regulatory and risk-related considerations," but has not specified the exact regulatory framework triggering the move.This move reflects the trend of fintech platforms continuously tightening the scope of access to related assets amid the changing global regulatory environment for stablecoins. Previously, trading platforms including Coinbase have delisted USDT in the European market to comply with the EU's MiCA regulatory framework.Currently, Revolut has not clarified whether this policy applies to all regions, but the company has obtained an EU Crypto Asset Service Provider (CASP) license, indicating it is strengthening its compliance-oriented product structure adjustments. (Cointelegraph)
the Central Bank of Brazil stated during a hearing at the Congressional Economic Development Committee that stablecoins should be treated as electronic currency instruments, not digital assets. Fábio Araújo, an advisor to the Financial System Regulation Department of the Central Bank of Brazil, stated that digital assets like Bitcoin and Ethereum possess characteristics such as scarcity, transferability, and verifiability. Stablecoins, however, are different and should be understood as monetary instruments when they exhibit features of a means of payment. The Brazilian Congress is preparing to deliberate Bill No. 4308/2024, proposed by Congressman Aureo Ribeiro in 2024, to clarify rules for stablecoins. The Brazilian crypto economy association Abcripto opposes this classification. Its members include Binance, Coinbase, Fireblocks, Visa, Tether, OKX, and Ripio. Abcripto stated that this classification will lead to regulatory conflicts, affect stablecoin adoption among both institutional and retail users in Brazil, and hinder virtual asset service providers. The Central Bank of Brazil also recently issued a new resolution, elevating its supervision of virtual asset service providers to the same level as securities institutions. (Bitcoin.com News).
UK Labour MP Phil Brickell has submitted a letter to the UK Parliamentary Commissioner for Standards, requesting a special investigation into Reform UK leader Nigel Farage. The MP alleges that Farage accepted substantial personal gifts from Christopher Harborne, a major investor in Tether, and subsequently engaged in sustained public lobbying in favor of Tether-related positions during the formulation of the Bank of England's crypto regulatory policies, suggesting a potential conflict of interest arising from large financial transfers. (Decrypt)
According to an official announcement, Gate's stock product has officially launched a limit order function, allowing users to set their own buy or sell prices. When the market price reaches the designated price level, the system will automatically execute the order according to market matching rules, helping users formulate trading strategies more flexibly and seize market opportunities. The newly launched limit order function also supports placing orders in advance without real-time market monitoring, effectively enhancing the ability to control trading prices, reducing execution discrepancies caused by short-term market fluctuations, and making it more suitable for medium-to-long-term positioning and key price level trading. Users can place orders via 【Stock】 - 【US Stocks/HK Stocks/Korean Stocks】 - 【Limit Order】. The App needs to be upgraded to v8.26.5 or above to experience the feature.Gate Stock has formed a 7×24-hour trading service system covering three core markets: US stocks, HK stocks, and Korean stocks. It supports over 10,000 US stocks and ETFs, over 1,500 HK stocks, and over 1,000 Korean stocks, covering a total of more than 12,500 global stocks and ETF assets. Users can participate in global stock investment in one stop using USDT through their unified Gate account, support fractional share trading with a minimum of 0.01 shares, and enjoy stock dividend rights. The platform also supports cross-broker securities transfer for US and HK stocks, and supports corporate actions such as stock splits and reverse stock splits, further optimizing the stock investment service experience.
Circle CEO Jeremy Allaire stated that stablecoin competition is essentially a long-term competition of platforms and network effects, with the core lying in application access, liquidity networks, and global compliance infrastructure. Citing Artemis data, he noted that in Q1 2026, USDC processed nearly $30 trillion in on-chain transactions, accounting for 80% of the total USD stablecoin transaction volume, USDT accounted for the remaining 20%, and other USD stablecoins combined totaled less than 0.5%.
OdailyOdaily reports that the Prosecutor General's Office of Ukraine stated it has, for the first time, transferred approximately $8.3 million worth of USDT crypto assets into the national asset management system, marking the country's first official takeover of seized crypto assets. The funds originate from an investigation into an international hacking group, which is alleged to have laundered money through high-value real estate and other assets. The assets were received by the Asset Recovery and Management Agency (ARMA) of Ukraine, with the transfer completed pursuant to a court order.Officials stated that this operation marks a significant step for Ukraine in the regulation and management of crypto assets, and aligns with ongoing discussions regarding the establishment of a strategic crypto reserve. Previous data indicates that Ukraine ranked among the top in Europe in terms of crypto transaction volume between 2024 and 2025.However, the relevant assets are currently in a "custodial" state and have not been legally forfeited; subsequent judicial conviction procedures are still required. Analysts believe that the mechanism of this move is similar to the path of the United States using criminally forfeited crypto assets to build a potential strategic reserve. (CoinDesk)
USDT supply is tightening in India, with the local stablecoin premium rising above 8.5%, up from the usual 3% to 4%. On Saturday, USDT was quoted at 102.88 Indian rupees, compared to the USD/INR closing rate of 94.65 on Friday.According to the report, the decline in USDT inflows and concerns over further slowdown stem from the Enforcement Directorate's crackdown on a 250-billion Indian rupee transfer of funds via virtual digital assets. Purushottam Anand, founder of Crypto Legal, stated that the recent price increase may partly reflect a risk premium driven by regulatory uncertainty. (economictimes)
HashKey Chain will host the “HashKey Chain Horizon” hackathon in Japan from June 18 to July 14. Built upon the foundation of building a compliant and secure Web3 ecosystem, this hackathon is open to developers, innovators, and Web3 enthusiasts worldwide. It features two challenge tracks focused on key areas within the HashKey Chain ecosystem.
Bitget has listed 7 stock tokens including rSCHD (US Dividend Stock ETF), rYUM (Yum! Brands), rASST (Strive), and rDHI (D.R. Horton), covering popular sectors such as finance and consumer goods.It is reported that rTokens, identified by the prefix "r" + stock ticker symbol (e.g., rNVDA for NVIDIA), are issued by Reality, a licensed RWA protocol under Bitget. By partnering with the compliant broker Alpaca, these tokens are directly connected to global liquidity pools such as Nasdaq and NYSE. Key features include: 1:1 reserve backing of underlying assets held by licensed custodians, stock dividends distributed 1:1 in token form, synchronized mapping of corporate actions (such as stock splits and reverse splits), and the ability to use the holdings as cross-collateral for unified accounts and USDT-margined perpetual contracts, allowing users to hold global stock assets while flexibly managing their funds.
According to FinanceFeeds, Reeve Collins, co-founder of Tether, stated that the stablecoin industry is entering a “2.0 era.” Current stablecoin infrastructure still suffers from structural issues, and next-generation solutions must address users’ inability to earn returns on reserve assets. The core logic of Stablecoin 1.0 is “users provide $1, and issuers mint one token,” yet users only gain payment and transfer convenience—without sharing in reserve earnings. In the future, financial services will increasingly become infrastructure: “Users won’t care which bank sends funds,” and AI agents may select different financial ecosystems based on user interests. The next phase of stablecoin competition will center on financial infrastructure and yield-distribution models. On regulatory matters, Reeve Collins revealed he continues to hold Bitcoin long-term. He also noted that USD-pegged stablecoins remain, in essence, extensions of the U.S. financial system—exposing them to regulatory reach—and differ fundamentally from central bank digital currency (CBDC) models, which may offer stronger programmability and financial surveillance capabilities.
Bitget's compliant RWA issuance platform Reality announced today that the assets under management (AUM) of its rToken series of equity tokens have surpassed $50 million.Reality was officially launched in May this year. The rToken, identified by the letter "r" plus the stock ticker (e.g., rNVDA for Nvidia), connects directly to global liquidity pools such as Nasdaq and NYSE through a partnership with compliant broker Alpaca. Key features include: 1:1 reserve backing of underlying assets held by licensed custodians, 1:1 distribution of stock dividends in token form, and synchronized mapping of corporate actions such as stock splits and reverse splits.Additionally, rToken holdings can now be used as joint margin for Bitget's unified account and USDT-margined futures, significantly enhancing cross-asset capital efficiency. To date, Bitget has listed over 500 equity tokens issued by Reality, and some core assets like SpaceX and Nvidia already support weekend trading, providing 24/7 spot liquidity.
the U.S. Department of Justice has seized approximately $9 million in funds linked to a scam network, with the seized assets being the stablecoin Tether (USDT). Law enforcement officials stated that the case is related to long-term romance and investment scams commonly known as "pig butchering." The criminal organization gradually gained victims' trust by establishing fake romantic or social relationships, luring them into depositing funds on fraudulent crypto investment platforms before disappearing with the money.Investigations revealed that the network has affected over 70 victims within the United States, with illegally transferred funds totaling millions of dollars. The U.S. Department of Justice stated that this asset freeze and enforcement action aims to cut off the flow of scam funds and strengthen the ability to track and combat cross-border crypto scams. (Bloomberg)
According to Cryptopolitan, Ivan Chebeskov, Deputy Minister of Finance of Russia, stated during the St. Petersburg International Economic Forum (SPIEF 2026) that USDC will be added to Russia’s regulated cryptocurrency list alongside BTC, ETH, and USDT—previously approved cryptocurrencies. He also revealed that smaller stablecoins pegged to currencies of “friendly jurisdictions,” such as the Russian ruble or the UAE dirham, may also be granted market access. Russia’s draft “Law on Digital Currency and Digital Rights” must be finalized by July 1; upon enactment, non-accredited investors will gain legal access to cryptocurrency investments for the first time—though with an annual investment cap of 300,000 rubles (approximately USD 4,000).
According to an official FBI notice, the Federal Bureau of Investigation issued a public announcement on June 16, 2026, stating that it had seized substantial assets across multiple U.S. judicial districts for violations of federal law. Seized assets include cash, vehicles, cryptocurrencies, jewelry, firearms, and electronic devices. The seized assets span a broad range, including: multiple large cash deposits and luxury goods—including Hermès and Chanel handbags and jewelry—in California; various cryptocurrencies—including Bitcoin and Ethereum—in Connecticut; over $460,000 in USDT stablecoins in Texas; nearly $500,000 in USDT in Indiana; and more than $1.1 million across multiple bank accounts held by CO EBikes LLC in Colorado.
According to CriptoNoticias, Chile’s judicial authorities have launched an investigation into the cryptocurrency platform Plusspay, accusing it of facilitating money laundering for the transnational criminal organization “Tren de Aragua.” The investigation found that the platform may have converted local fiat currency into stablecoins—including Tether (USDT) and other U.S. dollar–pegged stablecoins—through multiple affiliated companies, and then transferred funds via Chile’s banking system. The volume of suspicious fund flows exceeds $84 million.
crypto asset trading platform Gate has announced the listing of RLUSD, a U.S. dollar stablecoin launched by Ripple, at 17:00 (UTC+8) on June 15. Simultaneously, it will open the BTC/RLUSD, ETH/RLUSD, XRP/RLUSD, and RLUSD/USDT trading pairs. RLUSD is fully backed 1:1 by U.S. dollar deposits, short-term U.S. Treasury bonds, and other cash equivalents, with monthly reserve audit reports enhancing transparency and compliance. This stablecoin is specifically designed for payment use cases, aiming to meet the growing demand from users, developers, and institutions for transparent, interoperable stablecoins with real-world application capabilities.To support the listing, Gate has simultaneously launched a market incentive program totaling 750,000 RLUSD. This program includes measures such as CandyDrop trading incentives, VIP-exclusive airdrops, withdrawal fee reductions, and KOL promotions, all designed to drive genuine trading demand, improve market depth, and attract new user participation and market vitality. The listing of RLUSD combined with the concentrated release of incentive resources demonstrates Gate's strategic direction of continuously improving its stablecoin trading ecosystem and enhancing multi-asset liquidity and trading efficiency. Moving forward, Gate will expand its offerings with more high-quality assets and ecosystem partnerships, driving the continued evolution of digital asset market infrastructure.