Filing Traces $6.3 Billion Through Shelbit, With 88% Settling in Stablecoins on Tron
TRM Labs traced $6.3 billion through Shelbit after OFAC sanctions on August 7, 2026, with 88% moving on Tron in dollar stablecoins.
TRM Labs traced $6.3 billion through Shelbit after OFAC sanctions on August 7, 2026, with 88% moving on Tron in dollar stablecoins.
TRON holds $90B+ USDT and 47% of USDT dominance. A full breakdown of Q2 2026 data, S&P index inclusion, TRX futures, and institutional custody.
Thune filed cloture on the CLARITY Act at 4:52 a.m. on August 8, 2026, setting a September 15 procedural vote with stablecoin rewards still unresolved.
Can stablecoins be frozen? Yes. Tether has frozen over $4.2 billion and blacklisted 7,200+ addresses. How freezing works, why it happens, and how to reduce risk.
MoonPay launched MoonPay Enterprise on August 6, 2026, unifying fiat collection, stablecoin conversion, treasury, issuance, and payouts across 190-plus countries.
What backs DAI and USDS? Crypto collateral locked in smart contracts, not bank reserves. How overcollateralization works and why the model is verifiable on-chain.
What backs USDC? Cash and short-dated Treasuries, mostly in a BlackRock-managed fund with daily public holdings. How it's verified and why it isn't insured.
JPYC closed its extended Series B at 6 billion yen ($38 million) on August 5, 2026, with logistics firm AZ-COM Maruwa investing $6.3 million.
What backs Tether? USDT reserves are roughly 80% US Treasuries plus gold, Bitcoin, and secured loans. How they're verified and what the KPMG audit changes.
Visa is adding stablecoin prefunding and payouts to Visa Direct through zerohash, reaching 18 billion endpoints across 195 countries and territories.
Circle reported $701 million in Q2 2026 revenue, up 7%, as USDC circulation fell to $73.3 billion. Distribution costs held the margin near 41%.
Yellow Card closed a $40 million round on August 4, 2026 from SC Ventures, Sony Innovation Fund, Polychain and Blockchain Capital, passing $120 million total.
What is a stablecoin depeg? When a $1 token trades away from $1 and stays there. Why pegs break, why some recover, and how to tell noise from a real crisis.
BlackRock launched BSTBL and BRSRV on August 3, 2026, two tokenized money market funds designed to qualify as GENIUS Act reserve assets for stablecoin issuers.
How are stablecoins regulated in 2026? The GENIUS Act and MiCA now require 1:1 reserves, licensed issuers, and redemption rights. What it means for holders.
South Korea recorded $367 million in net stablecoin outflows in June 2026, an 18-month streak totaling $10.4 billion as traders seek products banned at home.