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The Federal Deposit Insurance Corp. will propose a rule explicitly barring stablecoin holders from "pass-through" insurance, closing a potential loophole in the GENIUS Act, Chairman Travis Hill said Wednesday. The GENIUS Act already bans direct FDIC coverage for stablecoins, but was silent on whethe

South Korea's Financial Services Commission is preparing guidelines that will end a near-nine-year ban on corporate cryptocurrency investment - but will exclude dollar-pegged stablecoins, including Tether's (USDT) and Circle's (USDC), from permitted holdings. The decision was confirmed at a March 5

Circle's USDC processed more than double Tether's transfer volume in February, according to on-chain data from analytics firm Allium, even though its market capitalization is less than half of Tether's. Total stablecoin transfer volume reached $1.8 trillion for the month - the highest monthly figure

Bybit and Tether (USDT) announced a joint promotional campaign on Thursday offering more than $1 million in rewards tied to Tether Gold (XAUT), a tokenized gold product backed 1:1 by physical bullion held in Swiss vaults. The initiative, called "Golden Season," comes as cryptocurrency sentiment has

Tether (USDT) disclosed it has frozen approximately $4.2 billion in USDT over links to illicit activity - with $3.5 billion of that total blocked since 2023 - making it one of the largest cumulative enforcement disclosures by a private stablecoin issuer. The announcement came days after the company