TL;DR Sui reportedly handled around $65 billion in stablecoin transfers in a five-day stretch after its gasless stablecoin update. The update reduces friction by allowing supported stablecoin transfers without requiring users to hold SUI for gas. The headline number is large, but zero-fee systems can attract bots, arbitrage loops, and repeated high-velocity transfers. The market…
The U.S. Government Accountability Office is pressing the FDIC to improve coordination around crypto and stablecoin risks, putting another spotlight on how fragmented digital asset oversight remains in Washington. TL;DR The GAO recommendation tracker points to ongoing concern over digital asset coordination. The issue is not a new enforcement action; GAO recommendations are advisory. The…
The Solana Policy Institute is urging Senate leaders to preserve protections for open-source developers and validators as lawmakers debate the CLARITY Act, adding another crypto industry voice to one of the most important U.S. policy fights of the year. TL;DR The Solana Policy Institute is pushing lawmakers to protect developer and validator activity. The issue…
Author: Scarlett Sieber (with Ian Fong, Tina Loncaric, Dhanum Nursigadoo, Virginia Pereira Alvarez, Kinga Swiderska) Published by: Routledge (an imprint of the Taylor & Francis Group, an Informa business), New York and London, May 2026 “Intersection” or “Inflection Point”? This is the question I kept asking myself as I read this very timely and thoughtful…
TL;DR Kraken has enabled deposits and withdrawals of USDCx on Canton Network. USDCx is backed 1:1 by USDC held in Circle’s xReserve, according to Kraken. Canton is built for regulated financial institutions and tokenized real-world asset workflows. Kraken Adds Canton Network Support For USDCx Kraken has enabled deposits and withdrawals of USDCx on the Canton…
TL;DR BA Labs has proposed doubling key LITE-PSM-USDC-A parameters in the Sky stablecoin system from 400 million to 800 million. The proposal says USDC reserves stand at 4.13 billion, up 108% since the last recalibration in October 2024. The change would raise daily refresh capacity to 1.6 billion and total serving capacity to 2.4 billion,…
TL;DR Kraken says it now supports USDCx deposits and withdrawals on the Canton Network. USDCx is described as a Canton-native stablecoin backed 1:1 by USDC locked in Circle’s xReserve on Ethereum. Canton is a permissioned, privacy-enabled Layer-1 network built for regulated financial institutions and tokenized real-world assets. The move adds another exchange connection to institutional…
Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been…
Millionaire businessman Kevin O’Leary has indicated that stablecoins are more valuable than Bitcoin because of their role in the global financial system. He also highlighted the “big opportunity” as one of the layer-1 networks could be the biggest beneficiary of traditional finance (TradFi) firms moving on-chain. Kevin O’Leary Praises Stablecoins Over Bitcoin In an X…
Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been…