The Money

Stablecoins

Tether, USDC, RWAs, T-bill tokens, payments rails.

181 articles · live

Desk mood25% · 61% · 14%

🐂 bullish😐 neutral🐻 bearish

Quick read

Stablecoins are the quiet operating system of crypto. They are how traders park risk, how exchanges settle, how DeFi prices collateral, how dollar demand leaks across borders, and how tokenized Treasuries turned boring yield into an on-chain growth market. This page follows Tether, USDC, decentralized stables, payments rails, reserve disclosures, RWA issuers, supply shifts, and the policy fights around who gets to mint internet dollars. Stable does not mean simple. It means the interesting risk is hiding in reserves, redemption, jurisdiction, and trust.

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The Money

Tether, USDC, RWAs, T-bill tokens, payments rails.

📰 Latest in stablecoins

The stream

breakingSep 2, 2026, 1:09 PM GMT+2

Robinhood Chain hit $1.49B in trading volume. Ethereum was behind it.

A consumer brokerage chain is showing exchange-level flow, but the volume looks tied to one launch venue more than broad demand.

Liv Bergman·1min·🚨👀📊

briefAug 24, 2026, 7:33 PM GMT+2

Ethena's token just jumped 48%. Its cash-like product now has Wall Street risk.

Traders are rewarding Ethena for finding a new return stream, but loan risk is now closer to the product users treat like cash.

Stablecoins 💵

The stream

Robinhood Chain hit $1.49B in trading volume. Ethereum was behind it.

Ethena's token just jumped 48%. Its cash-like product now has Wall Street risk.

Ripple's stablecoin is moving into lending. The backing layer just got real.

Tether bought into a listed stablecoin bet. Its free-money moat is narrowing.

SEC staff cleared Franklin's blockchain money fund. Big funds can now use it as cash.

MoneyGram just opened Solana to cash. The real winner may stay invisible.

Circle's USDC supply grew 19%. Its interest machine looks fragile again.

BlackRock just put $311B of cash funds on new rails. Stablecoin free money looks weaker.

BlackRock just launched reserve funds for stablecoins. Tether's free money is getting crowded.

Tether made $1.5B in Q2. Its safety cushion still got cut in half.

Circle just got New York's bank stamp. USDC now has a safety moat.

Bessent wants a crypto rules vote now. The Senate fight is officially partisan.

Kraken just listed uranium you can trade like crypto. The wrapper is not the whole story.

Kraken just launched fixed rewards on cash and stablecoins. The free-money model keeps shrinking.

Coinbase wants AI bots to pay with crypto. The first numbers still look messy.

Robinhood Chain now has $70M in real-world assets. The stock pitch still rides on stablecoins and meme trades.

Goldman just backed Congress's crypto bill. The fight is really about bank deposits.

Treasury says it froze $130M tied to Iran. Tether shows crypto can be seized too.

The Clarity Act now bans officials from launching coins. It dies in 2029.

Balance Coin dropped 99% after an attacker fed it a false price. Two standard safety checks were missing.

Russia is about to legalize crypto for foreign payments. The retail rules are the distraction.

The U.S. stablecoin law just turned one. Tether still hasn't published a plan.

Circle's stock is down 76%. The market is missing the bank story.

Ondo jumped 17% on a Wall Street clearing report. If confirmed, the demo era is over.

Stablecoin wallets are coming for bank accounts. Banks are quietly becoming the pipes.

Coinbase put 3.35% yield inside Base App. Tether's free money looks thinner now.

OKX Europe just opened a one-way Tether exit. Circle gets the float.

Cloudflare just opened paid websites to AI agents. Stablecoins get the first lap.

Ripple just won Europe's crypto payment license. Tether's stablecoin lead looks less safe.

SBI just bought deeper into Singapore crypto. Its yen token still can't leave home.

Cloudflare just turned on crypto payments for AI agents. API keys now look old.

Visa just launched a stablecoin platform. Circle is the first company paying for it.

Tether reportedly put $20M into Ualá. Distribution beats yield, for now.

Tether froze $131M tied to Iran. The world's biggest stablecoin now has a border.

Robinhood built a chain for tokenized stocks. A $156M cat coin found the money first.

BlackRock's crypto funds lost 39%. The bigger business still hit a record.

Stripe bid $53 billion for PayPal. PayPal is holding out, and that's a problem for Stripe's stablecoin ambitions.

Visa and Mastercard just backed 32-cent AI payments. USDC is the default, for now.

Hyperliquid now holds $6B of USDC. Circle's growth problem is officially on-chain.

SBI just picked Solana over Corda. Japan's finance giants are choosing public networks now.

Circle just signed with JCB's 40 million-merchant network. Japan is the real bet.

Circle got its bank charter. Open USD already made it feel late.

Bolivia and Hyundai just tested Tether's dollar token. The backup plan is getting real.

Ripple is inside the UK's bond and fund plan. The moat is permission, not tech.

The UK has 54 firms building digital bonds. London wants the standard first.

Thailand is auditing big Tether flows. Southeast Asia's grey-money shortcut just got named.

Western Union put its dollar coin on Kraken. Tether's cash corridor has company.

BlackRock’s tokenized Treasury fund just hit $3.7B. Tether’s float problem got real.

Stablecoins 💵

The stream

Robinhood Chain hit $1.49B in trading volume. Ethereum was behind it.

Ethena's token just jumped 48%. Its cash-like product now has Wall Street risk.

Ripple's stablecoin is moving into lending. The backing layer just got real.

Tether bought into a listed stablecoin bet. Its free-money moat is narrowing.

SEC staff cleared Franklin's blockchain money fund. Big funds can now use it as cash.

MoneyGram just opened Solana to cash. The real winner may stay invisible.

Circle's USDC supply grew 19%. Its interest machine looks fragile again.

BlackRock just put $311B of cash funds on new rails. Stablecoin free money looks weaker.

BlackRock just launched reserve funds for stablecoins. Tether's free money is getting crowded.

Tether made $1.5B in Q2. Its safety cushion still got cut in half.

Circle just got New York's bank stamp. USDC now has a safety moat.

Bessent wants a crypto rules vote now. The Senate fight is officially partisan.

Kraken just listed uranium you can trade like crypto. The wrapper is not the whole story.

Kraken just launched fixed rewards on cash and stablecoins. The free-money model keeps shrinking.

Coinbase wants AI bots to pay with crypto. The first numbers still look messy.

Robinhood Chain now has $70M in real-world assets. The stock pitch still rides on stablecoins and meme trades.

Goldman just backed Congress's crypto bill. The fight is really about bank deposits.

Treasury says it froze $130M tied to Iran. Tether shows crypto can be seized too.

The Clarity Act now bans officials from launching coins. It dies in 2029.

Balance Coin dropped 99% after an attacker fed it a false price. Two standard safety checks were missing.

Russia is about to legalize crypto for foreign payments. The retail rules are the distraction.

The U.S. stablecoin law just turned one. Tether still hasn't published a plan.

Circle's stock is down 76%. The market is missing the bank story.

Ondo jumped 17% on a Wall Street clearing report. If confirmed, the demo era is over.

Stablecoin wallets are coming for bank accounts. Banks are quietly becoming the pipes.

Coinbase put 3.35% yield inside Base App. Tether's free money looks thinner now.

OKX Europe just opened a one-way Tether exit. Circle gets the float.

Cloudflare just opened paid websites to AI agents. Stablecoins get the first lap.

Stablecoins

Stablecoins