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The post Stablecoin News: USDC Outpaced USDT in This Key Metric appeared on BitcoinEthereumNews.com. Key Insights: Stablecoin news reveals that USDC is shaking up the stablecoin lead that USDT has over the market. USDT remains dominant by market cap, but USDC secures leadership in adjusted stablecoin volumes. RGB protocol rollout brings USDT back to Bitcoin. Recent stablecoin news revealed that stablecoin growth was not yet at levels that indicate market recovery. However, there were some interesting observations that paint a clearer picture of how things have been unfolding in the stablecoin segment. Stablecoins have long acknowledged that the Tether USDT stablecoin held a solid lead in the market. This is especially the case when it comes to market cap, or the amount in circulation. However, a clearer, and perhaps even more meaningful, stablecoin metric would be transaction volume. This offers a glimpse at which particular stablecoin has been enjoying more adoption, and the Circle US
Read full articleNGN and VND are local fiat currencies that serve as exchange routes for buying USDT and Bitcoin, cashing out crypto into fiat, and moving funds between bank accounts and digital assets.
The post Tether Burns 2.5 Billion USDT on Ethereum, Largest Supply Cut Since February appeared on BitcoinEthereumNews.com. USDT News Tether removed 2.5 billion USDT from circulation on the Ethereum network on 7 July, on-chain data shows, the largest single-day burn of the dollar-pegged stablecoin since February. The move cut Tether’s total USDT supply to roughly 189.6 billion, most of it concentrated across Ethereum and TRON. Stablecoin issuers routinely destroy tokens when redeeming them for fiat, so a burn of this size is not, on its own, a directional market signal. Still, the scale stood out: it marked the sharpest contraction in USDT supply in nearly five months and immediately drew attention from traders tracking exchange liquidity and cross-chain flows. Unlike algorithmic stablecoins, USDT is backed by reserves, so burns reflect redemption activity. Separately, a leadership-linked ownership change surfaced at the company. Richard Heathcote, who stepped down as Tether’s chief inv
The post Binance Spot Trading Tournament Offers $500,000 USDC Prize appeared on BitcoinEthereumNews.com. Binance has put half a million dollars on the table for its traders — and the window to compete is already open. The exchange launched a Spot Trading Tournament offering a 500,000 USDC prize pool in token vouchers, running from July 8 to July 22, 2026, with rewards tied directly to how much you trade on Binance spot markets. The more volume you generate, the higher your rank — and the larger your cut of the prize. Key takeaways Binance’s Spot Trading Tournament runs from July 8, 2026 (10:00 UTC) to July 22, 2026 (10:00 UTC), with a 500,000 USDC prize pool in token vouchers. Eligible trading pairs are BTC/USDT, ETH/USDT, SOL/USDT, and XRP/USDT. Participants need a minimum of 500 USD equivalent in trading volume across eligible pairs to qualify for any reward. A separate Sprint Reward runs in two shorter rounds, letting traders earn from both pools simultaneously. Token vouchers are d
The post Stripe’s Solana Stablecoin Push Brings Another Real Payments Use Case Into View appeared on BitcoinEthereumNews.com. Stripe’s Solana Stablecoin Push Brings Another Real Payments Use Case Into View Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk. Related News © 2025 NewsBTC. All Rights Reserved. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://www.newsbtc.com/news/stripe-s-solana-stablecoin-push-brings-another-real-payments-use-case-into-view/
The post Tether’s USDT supply contracts on Ethereum and TRON appeared on BitcoinEthereumNews.com. Tether’s USDT supply is contracting, after a $2.5B burn on the Ethereum network. The stablecoin just saw its biggest burn since February, potentially signaling liquidity outflows. Tether’s treasury burned $2.5B worth of USDT tokens on July 7, the largest supply contraction since February. The Tether treasury destroyed $3.5B of tokens on February 10, as a response to general trading contraction and removing USDT from legacy networks. As a result, Tether retains a $189.6B supply of USDT, mostly using Ethereum and TRON for transfers. USDT is closely watched for the effect of Euro Area regulations, and as a general signal for the health of the crypto ecosystem. The supply burn also traces a larger trend in stablecoin liquidity. Active addresses declined by 36.2% in the past 30 days, according to Artemis data. Average daily stablecoin volume is down by 47.5%. USDT and its closest rival, Cir
The post Russia Drops Wallet Reporting From Its Final Crypto Bill: Here’s What the Law Now Says appeared on BitcoinEthereumNews.com. Key Takeaways Russia’s Duma committee approved the final crypto bill draft, with second and third readings eyed for July 21. The revised text drops mandatory wallet-address reporting; only balances and transaction flows must be declared. The Bank of Russia plans to cap retail purchases near $4,000 a year, limited to BTC, ETH and USDT from 2026. A Major Reform Is Underway Russia’s parliamentary Committee on Financial Markets has approved the final version of the country’s sweeping digital currency bill, clearing the path for its second reading in the State Duma. The committee, chaired by lawmaker Anatoly Aksakov, signed off on a package of amendments that softens some of the draft’s most contentious surveillance provisions while keeping the state firmly in control of who may buy and sell crypto assets. Image source: X The most notable change removes mandat
Russia’s State Duma Financial Markets Committee has approved the final version of the country’s landmark crypto bill, dropping mandatory wallet-address reporting and clearing the way for a second reading. A Major Reform Is Underway Russia’s parliamentary Committee on Financial Markets has approved the final version of the country’s sweeping digital currency bill, clearing the path […]
The post Tether USDT Burn Marks Largest Ethereum Reduction in 2026 appeared on BitcoinEthereumNews.com. On July 7, 2026, Tether executed a $2.5 billion USDT burn on the Ethereum network — its largest single reduction of stablecoin supply since February 2026. The move landed the same day Binance’s USDT balance on the Tron network slipped below a key threshold, raising questions about what these two simultaneous shifts say about stablecoin liquidity and cross-chain dynamics heading into mid-2026. Key takeaways Tether burned $2.5 billion worth of USDT on Ethereum on July 7, 2026, its largest single burn since February 2026. Binance’s USDT balance on the Tron network fell to approximately $806 million, dropping below the $1 billion mark. That Tron balance represents Binance’s lowest USDT holding on the network since December 29, 2025. USDT burns are typically linked to treasury management and cross-chain rebalancing, not to supply destruction in the traditional sense. Analysts flagged the
