# Stablecoin Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Stablecoin", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Number of Non-Empty Wallets on the Ethereum Network Exceeds 200 Million

According to analytics platform Santiment, the number of Ethereum wallets with a non-zero balance has surpassed 200 million for the first time. This key metric reflects sustained investor activity within the network, especially as the growth occurred amidst a broader decline in cryptocurrency prices. Analysts note that while one user can control multiple wallets, the increasing number of active addresses indicates more wallets are holding assets, using applications, or staying connected despite weak price performance. Santiment also recorded growth in other ecosystems. The number of non-empty wallets for XRPL and USDC has exceeded 8 million, while Chainlink has surpassed 900,000. The expansion of the USDC user base is attributed to an increase in stablecoin transactions and the development of issuer Circle's partnerships with major financial institutions. Similarly, the growth in Chainlink and XRPL wallets is linked to the advancement of their respective payment services.

cryptonews.ru1h ago

Number of Non-Empty Wallets on the Ethereum Network Exceeds 200 Million

cryptonews.ru1h ago

Luno Cuts 20% of Global Workforce as Cryptocurrency Exchange Shifts Priorities Towards Automation

Luno, a global cryptocurrency exchange owned by Digital Currency Group, is reducing its global workforce by 20% as part of a major operational restructuring driven by a downturn in retail crypto activity and increased automation. CEO James Lanigan announced the layoffs on July 28, stating it was a difficult but necessary decision to build a more sustainable structure for the long term. The company did not disclose the total number of affected employees, though South African staff are among those impacted, with formal consultations initiated there in line with local labor laws. This marks the second major round of layoffs in three and a half years, following a 35% staff reduction in January 2023. The company cites cyclical declines in retail user activity and ongoing investment in automated tools as key factors behind the restructuring, which has fundamentally changed the firm's resource needs. Concurrently, Luno is reorganizing into three unified divisions built on a single core platform: 1) a consolidated consumer and API platform serving over 16 million users in Africa and Asia-Pacific, 2) a stablecoin solutions unit focused on the zar-backed 'Zaru' stablecoin launched in February 2026, and 3) an institutional arm offering OTC services and cross-border settlement networks. This restructuring follows recent market withdrawals, with Luno discontinuing services in certain markets from September 1, 2026.

cryptonews.ru2h ago

Luno Cuts 20% of Global Workforce as Cryptocurrency Exchange Shifts Priorities Towards Automation

cryptonews.ru2h ago

No Issuance, Only Tolls: Visa's Stablecoin Gambit Is More Ruthless Than Issuers

**Summary:** In its Q3 2026 earnings, Visa announced strong financial results but focused market attention on its strategic moves in the stablecoin space. Visa joined the Open Standard alliance supporting the new stablecoin OpenUSD (OUSD) and launched its Visa Stablecoin Platform (VSP). This platform provides partners with infrastructure for stablecoin settlement, custody, and conversion between fiat and stablecoins. Crucially, Visa emphasized a "multi-currency, multi-chain" strategy, stating its role is not to pick winners among stablecoin issuers. The analysis suggests Visa's approach is less about competing with established issuers like Tether and Circle, and more about positioning itself as the essential infrastructure layer. By building platforms that handle settlement, wallets, and conversions, Visa aims to profit from transaction fees regardless of which stablecoin gains dominance. The article notes skepticism around the OUSD alliance, with some listed members denying formal participation, viewing it more as a statement of intent than a committed bet. Visa's strategy appears to be a low-cost option: gaining influence in the stablecoin narrative while letting others compete at the issuance layer, ultimately banking on controlling the critical payment channels through which any successful stablecoin must flow.

marsbit3h ago

No Issuance, Only Tolls: Visa's Stablecoin Gambit Is More Ruthless Than Issuers

marsbit3h ago

USDT Supply Shrinks by $5.5 Billion While Stablecoin Turnover Hits Record High

The supply of stablecoins has contracted for the first time in years, with total market capitalization falling 4.3% from its May peak to $308.5 billion. Despite this decline, June saw a record $1.83 trillion in adjusted transaction volume for stablecoins, a 60% increase from May. This divergence suggests a shift in usage patterns: less capital is sitting idle, while the remaining supply circulates more rapidly through payment and trading systems. Specifically, the supply of Tether's USDT decreased from approximately $189.54 billion to $184 billion between May 1 and July 29, while Circle's USDC supply fell from $77.27 billion to $72.41 billion. Part of this capital appears to have moved into tokenized Treasury products, a sector whose value has grown to over $16 billion, partly driven by regulations like the 2025 GENIUS Act that prohibit interest payments on payment-focused stablecoins. Transaction velocity is emerging as a key metric, with stablecoins now turning over about six times per month—double the rate from two years ago. USDC, despite having a smaller supply than USDT, processed about $1.21 trillion in adjusted volume in June, leading in settlement activity. While a significant portion of on-chain volume may not represent genuine economic payments, identifiable real-world payments have grown sharply, reaching an estimated $390 billion in 2025. The data indicates stablecoins are evolving from static collateral into active financial infrastructure.

cryptonews.ru11h ago

USDT Supply Shrinks by $5.5 Billion While Stablecoin Turnover Hits Record High

cryptonews.ru11h ago

A7 to Provide Unique Expertise on Stablecoin Settlement to the Market

Beginning September 1, 2026, Russia's "On Digital Currencies and Digital Rights" law will establish rules for cryptocurrency circulation, significantly expanding tools for importers and exporters. Company A7, a user of the largest ruble-pegged stablecoin A7A5, has announced its readiness to share its unique expertise in digital asset operations with foreign trade participants. According to Oleg Ogienko, Director of Government Relations and International Ties for the A7A5 project, the company's specialists have developed significant expertise in legally formalizing such transactions, compliance, currency control, and interacting with infrastructure participants. Following the law's enactment, A7 will continue applying this expertise for client operations and plans to adapt its business processes as the Bank of Russia issues related regulatory acts. The Bank of Russia clarified that exporters and importers will be able to conduct cross-border settlements in digital currency either through intermediaries or directly, though domestic use of such assets will remain restricted. All requirements for operators and settlement participants will be detailed in the regulator's subordinate acts. A7 had previously highlighted the high degree of transaction freedom in foreign trade as a key advantage of Russia's developing crypto-asset regulation model, while noting limitations for individuals and a banking-centric system that could hinder market growth.

cryptonews.ru11h ago

A7 to Provide Unique Expertise on Stablecoin Settlement to the Market

cryptonews.ru11h ago

Altura Explains Delay in Vault Wind-Down Process Due to Frozen Bank Accounts

Altura, a DeFi yield-focused protocol, announced a delay in the final stage of closing its stablecoin vault due to a bank freezing its account. Over £16.4 million in cash for the final user payout round is currently locked while the bank conducts an internal review. The closure process began in June following significant withdrawal pressure. Altura had already recovered assets from partners and was preparing an OTC trade to convert the cash to USDT for distribution. The company stated the situation is beyond its control and awaits bank clearance. Altura's vault, built on HyperEVM, once held nearly $39 million. The protocol stressed that its issues are unrelated to other market stress points like Main Street and that its core lending operations remain unaffected. The timeline for final user repayments now depends on when the bank unfreezes the account.

cryptonews.ru13h ago

Altura Explains Delay in Vault Wind-Down Process Due to Frozen Bank Accounts

cryptonews.ru13h ago

How Andrew Tate's Legal Issues Could Push the CLARITY Act Down Trump's Priority List

Democrat Yassamin Ansari is pushing for Barron Trump to testify about his links to crypto enthusiasts Andrew and Tristan Tate, who are facing extradition to the UK on charges of rape and human trafficking. This political pressure creates a potential conflict for Donald Trump, who strongly supports the crypto industry's key market structure bill, the CLARITY Act. The bill, which would exempt many crypto tokens from SEC securities rules, faces a tight deadline before Congress's August recess and the November midterms. If the CLARITY Act misses this window and Democrats gain control of the House, its passage could be derailed. Simultaneously, a Democrat-led House could compel Barron Trump to testify in the Tate brothers' case. For Trump, ensuring Republican control of the House after the midterms is now a dual priority: to secure the CLARITY Act's passage and to shield his son from the investigation. The crypto industry is heavily investing in the elections, spending over half of all corporate PAC money this cycle, even as polls show crypto-friendly Democrats underperforming. Trump's calculus is clear: keeping the House Republican is essential for both his policy goal and his family's legal protection.

cryptonews.ru13h ago

How Andrew Tate's Legal Issues Could Push the CLARITY Act Down Trump's Priority List

cryptonews.ru13h ago

South Korea plans stablecoin rules as opposition pushes crypto tax repeal

South Korea's Financial Services Commission plans to draft a consolidated Digital Asset Basic Act with the ruling Democratic Party, aiming to provide a central legislative framework for stablecoins and the broader cryptocurrency market. The proposed bill would cover stablecoin issuance, business rules, exchange requirements, and other key areas, seeking to resolve ongoing parliamentary disagreements over multiple pending digital asset bills. Key disputes remain, including whether won-denominated stablecoin issuers should be bank-owned. Separately, an opposition bill seeks to repeal South Korea's planned crypto income tax before its scheduled implementation on January 1, 2027. The tax would impose a 22% levy on annual crypto gains exceeding 2.5 million won (approx. $1,700). While the government supports the tax, the opposition argues it is unfair as most ordinary stock investors are exempt. The repeal bill is now under committee review.

cointelegraph17h ago

South Korea plans stablecoin rules as opposition pushes crypto tax repeal

cointelegraph17h ago

Metaplanet Prepares a Platform for Launching Bonds Backed by Bitcoin as Collateral

Metaplanet, built on a Japanese investment company, is preparing a platform for launching bonds collateralized by Bitcoin. According to sources cited by Benchmark, the new brokerage structure, Metaplanet Securities, will not be used solely as a funding channel for its own Bitcoin purchases. Instead, it aims to become a full-fledged market for tokenized Bitcoin-backed debt instruments, termed "Bitbonds." The platform is designed to allow companies accumulating Bitcoin to issue debt to finance further purchases of the cryptocurrency. Initial bond yields are expected to be 4-6% annually. Metaplanet later plans to migrate these bonds onto a blockchain, use stablecoins for settlements, and develop a secondary market. Final issuance parameters, including the investor pool, loan-to-value ratio, and launch date, remain undisclosed. However, the company has begun surveying investor preferences regarding product design, trading hours, coupon schedules, investor protection, distribution channels, and stablecoin settlements. This initiative follows Metaplanet's acquisition of Siiibo Securities for approximately $13 million, which provided access to a regulated Japanese securities platform. Previous examples of Bitcoin-linked bonds include those issued by Goldman Sachs in October last year and Sberbank in Russia, whose returns were tied to Bitcoin's price performance.

cryptonews.ru19h ago

Metaplanet Prepares a Platform for Launching Bonds Backed by Bitcoin as Collateral

cryptonews.ru19h ago

A7 Discusses Accumulated Experience in Using Stablecoins

The Russian State Duma and Federation Council have passed the "Law on Digital Currencies and Digital Rights," which is set to expand the use of stablecoins in cross-border trade settlements starting September 1, 2026. According to the Bank of Russia, exporters and importers will be able to use cryptocurrency in international payments, both directly and through intermediaries, while domestic crypto payments will remain largely prohibited. Company A7, which facilitates operations with the A7A5 stablecoin—Russia's first ruble-pegged stablecoin classified as a Digital Financial Asset (DFA)—commented on the development. Oleg Ogienko, Director of Government Relations and International Affairs for the A7A5 project, stated that while digital asset settlements are still a new practice for many firms, A7 has already accumulated significant expertise in legal documentation, compliance, currency control, and working with infrastructure participants. He added that A7 will continue to apply this expertise for client operations after the law takes effect and will adapt its business processes as the Central Bank issues further regulations. A7 is a Russian international settlement system established in 2024 with participation from PSB Bank. It facilitates cross-border payments and supports foreign trade operations for Russian businesses. Its key instrument, the A7A5 stablecoin, operates on the Tron and Ethereum networks with a market capitalization exceeding $567 million and is circulated in Russia as a DFA via the "Token" platform.

cryptonews.ru19h ago

A7 Discusses Accumulated Experience in Using Stablecoins

cryptonews.ru19h ago

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