How stablecoins are quietly becoming the Fed’s debt buyer of last resort
Circle president Heath Tarbert told Congress on Sept. 2 that placing digital-dollar infrastructure under US rules could reinforce the network effects that support the currency’s global role. The testimony framed stablecoin and digital asset legislation…
USDC may be only as quantum-safe as its slowest wallet, bridge or blockchain
Circle issued a warning that the quantum circuits needed to attack widely used blockchain signatures are becoming leaner, citing a low-width record of 813 logical qubits. For the USDC quantum migration, the immediate consequence is a dependency problem…
Circle processed $32 trillion in USDC transfers, yet 95% of its revenue relies entirely on interest rates
Adjusted USDC transfer volume reached $32 trillion in 2026 through Coin Metrics’ August measurement, with each dollar of supply turning over 741 times at an annualized rate. Those figures signal reach and settlement intensity. Circle’s…
Stopping a blockchain doesn’t always recover stolen funds – What actually happened when 3 networks pulled the plug
Three blockchain networks stopped producing blocks within four days. Each blockchain halt used different emergency powers, and Cronos alone also replaced part of its canonical history. Cronos said validators halted the network by consensus after an…
US treasury relies on stablecoins to fund short-term debt, but they can’t fix its $28B long-bond problem
Stablecoin demand is becoming consequential in the U.S. government debt market, but the maturity of that demand matters more than the headline total. Washington now has two debt-market stories running at once. The federal framework for permitted payment…
One mid-tier Bitcoin treasury just gambled its entire BTC reserve on a single 30-day reset price
PowerCompute, a Bitcoin treasury and mining company, added $3.765 million to its debt after an early Bitcoin collar reset involving 307 BTC. The executed schedule records the unwind cost as added principal rather than cash or USDC. The company’s Aug. 28…
The next currency crisis may be harder to contain because of stablecoins, New York Fed report shows
A New York Federal Reserve study found that dollar stablecoins are more likely to flow into wallets tied to countries experiencing currency or banking crises. Wallets linked to countries experiencing some form of financial crisis were 1.8% more likely to…
Phantom’s plan to drop Sui exposes the hidden power wallet interfaces hold over user funds
Phantom will remove Sui from its wallet interface on Sept. 24, one month after announcing that it and Sui had decided to end the integration. After the transition, Phantom will no longer display Sui balances, support Sui sends or swaps, or connect to…
Users warned to pull funds immediately as EU sanctions force crypto platform into withdrawal-only mode
NoOnes has entered withdrawal-only mode weeks after telling users that an EU sanctions listing named a separate company and did not affect the platform or its operator. The crypto platform strongly recommended that customers remove their full balances no…
Trump-backed $4 billion USD1 stablecoin has wallet powers its own GitHub does not show
Justin Sun escalated his public fight with Donald Trump-backed World Liberty Financial on Friday, accusing its USD1 stablecoin of carrying administrative powers that allow privileged operators to move funds from frozen wallets without holder consent. On…