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Stablecoin reserves on centralized exchanges have fallen about $16 billion from their late-2025 peak, even as Bitcoin (BTC) spot demand turned positive this week. Key Points: Stablecoin balances on centralized exchanges have slid to roughly $64 billion from a late-2025 high near $80 billion. Binance

A Bank of Italy test of USD Coin (USDC) found stablecoin remittances can cost nearly 9%, with fiat conversion and withdrawal charges overwhelming cheap blockchain transfers. Key Points: Researchers sent 200 USDC across 10 corridors, with total costs ranging from 0.3% to 8.96%. On-chain transfers ave

Crypto leverage has fallen to its lowest level since 2020, but the latest reset is unfolding without the kind of forced liquidations and counterparty failures that defined the 2022 collapse, according to Galaxy Research data. Crypto-collateralized lending declined by $11.3 billion in Q2 2026, markin

Tether CEO Paolo Ardoino rejected claims placing the issuer in a $1 billion stablechain race, saying USDT (USDT) will remain on outside blockchain networks. Key Points: Ardoino said Tether is not building its own blockchain and has no plans to launch one. CoinMarketCap had grouped Tether with Stripe

Tether said Thursday that KPMG U.S. issued a clean opinion on 2025 statements it first promised in 2017, showing reserves exceeding liabilities by $6.81 billion. Key Points: KPMG U.S. gave Tether International an unqualified opinion on its 2025 accounts, the issuer's first full financial statement a