Stablecoins Do Not Drain Bank Deposits, but They Change What Those Deposits Cost
Learn why stablecoin purchases return to banks as issuer deposits, how that raises funding costs and loan pricing, and what the BIS modelling does not prove.
Macro
Bitget USDT Withdrawals Resume After $463M Outflow, Reserves at 131%
Bitget USDT withdrawals resume Sept 30, 2026 at 08:00 UTC on ETH, BSC, Solana, and Tron after the Sept 24 breach. PoR shows 131% overall; USDT 107%.
Tether Iran Senate Report: USDT Called Shadow Banking Lifeline
Senate PSI Ranking Member Blumenthal's Sept 28, 2026 report calls Tether USDT a significant lifeline in Iran's shadow banking network. Key wallet stats and Tether's $550M freeze reply.
MESA Maps the Gulf's Seven Stablecoin Rulebooks and Brings In Terminal 3 on Digital Identity
Learn what the Middle East Stablecoin Association's first keynote and its Terminal 3 MoU reveal about Gulf stablecoin regulation, yield, depeg risk, and digital identity.
Neutrl Opens NUSD and sNUSD Redemptions as On-Chain Rate Reads 0.51
Neutrl opened NUSD and sNUSD redemptions on 17 Sep 2026 for USDC through 14 Nov; Strata read on-chain redemptionRate() ≈ 0.51 after the Aug pause and ~$27M liquid disclosure.
Senate Blocks CLARITY Act Cloture as Circle Shares Slide 9%
Senate cloture on the CLARITY Act failed 49-50 on Sept 15, 2026 (need 60). Circle (CRCL) fell ~9.4%; GENIUS payment-stablecoin law stays separate.
Senate Releases Final CLARITY Act Text With Treasury Stablecoin Circuit Breaker
Senate sponsors released a final 635-page CLARITY Act draft on September 14, 2026 that adds Treasury circuit-breaker authority if payment stablecoins drive deposit flight from community banks, ahead of a Tuesday cloture vote.
Fed Staff Map the Problem With Counting Stablecoins as Money
A Federal Reserve staff note published September 4, 2026 examines whether payment stablecoins belong in M1 or M2, and why counting them risks double-counting dollars.
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.
South Korea Logs 18 Straight Months of Stablecoin Outflows as $367 Million Left in June
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.
Samsung Announces Native Stablecoin Support for Samsung Wallet at Galaxy Unpacked 2026
Samsung announced stablecoin support for Samsung Wallet at Galaxy Unpacked 2026. Over 1 billion Galaxy devices could get native stablecoin access. Full details.
Tether Gold Recognized as Accepted Spot Commodity in Abu Dhabi's ADGM
ADGM formally recognized Tether Gold (XAU₮) as an Accepted Spot Commodity on July 20, letting licensed firms offer tokenized gold services in Abu Dhabi.
The GENIUS Act July 18 Rulemaking Deadline Has Arrived. The Rules Are Not Ready.
July 18 is the GENIUS Act's rulemaking deadline for a $309B stablecoin market. Key agency comment periods run into August. Here's what it means.
DTCC Runs First Live Tokenized Stock and Treasury Trades With BlackRock, JPMorgan, and Goldman Sachs
DTCC processed live tokenized trades of QQQ, SPY, and US Treasuries with BlackRock, JPMorgan, and Goldman on July 15. Full commercial launch targets October 2026.
Stablecoin Market Cap Falls $10 Billion Since May in Biggest Drop Since 2022
The stablecoin market fell $10B from its May peak, led by USDT and USDC declines. Analysts call it consolidation, not a crisis. Here's what the data shows.
Tether Invests $20 Million in Brazil's Mercado Bitcoin to Expand Latin American On-Chain Finance
Tether commits $20M to Mercado Bitcoin in a Series C round alongside SoftBank to expand stablecoin payments, tokenization, and lending across Latin America.