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Basis Desk

Topic · updated October 3, 2026

Stablecoins

What is Stablecoins?

Stablecoins are crypto tokens designed to hold a steady value — usually one U.S. dollar — backed by cash and short-term government debt, by crypto collateral or by other mechanisms. They are the main settlement asset of crypto markets and the subject of dedicated laws in the U.S. and the EU.

Latest Basis Desk coverage

  1. Crypto market close, Oct. 2: Bitcoin holds near $84,505

    Bitcoin ended the UTC day at $84,505 after a $83,929–$87,043 range; 17 of the 50 largest crypto assets rose and 27 fell. Movers, whale flows, stablecoins and sentiment inside.

  2. US Treasury Moves to Block A7 Network and Its Global Sub-Agents

    FinCEN proposes a total ban on transactions with the Russia-linked shadow banking network's sub-agents, which processed $17 billion in fiat and $179 billion in A7A5 stablecoin volume.

  3. Crypto market close, Oct. 1: Bitcoin rises 1.6% to $84,848 as NEAR tumbles 9.5%

    Bitcoin ended the UTC day at $84,848 after a $83,183–$85,085 range; 20 of the 50 largest crypto assets rose and 25 fell. Movers, whale flows, stablecoins and sentiment inside.

  4. ESMA Proposes Sweeping MiCA Reforms to Target DeFi and Unregulated Stablecoins

    The EU's financial markets regulator has called for stricter rules on crypto influencers, a new regulated service category for DeFi access, and enhanced powers to block fraudulent websites.

  5. ECB and BIS Warn Stablecoins Challenge Monetary Control and Banking Stability

    European Central Bank official Isabel Schnabel and BIS researchers detail bank disintermediation risks, run dynamics, and capital-control evasion.

  6. Crypto market close, Sept. 30: Bitcoin holds near $83,533 as NEAR jumps 8.7%

    Bitcoin ended the UTC day at $83,533 after a $82,969–$85,454 range; 26 of the 50 largest crypto assets rose and 17 fell. Movers, whale flows, stablecoins and sentiment inside.

  7. DogeOS Launches EVM-Compatible Public Testnet for Dogecoin

    The application layer gives developers tools to build DeFi protocols, stablecoins, and consumer apps anchored to Dogecoin.

  8. US Sanctions Tren de Aragua Network for $40.7M ATM Jackpotting Scheme

    OFAC designated 10 individuals and seven crypto addresses tied to FBI fugitive Anibal Aguirre, who allegedly used stablecoins to launder stolen cash.

  9. Open Standard Deploys Native Open USD Stablecoin on Solana

    Issued by Bridge and backed by financial heavyweights, OUSD launches natively on Solana with over $1 billion in committed initial liquidity.

  10. Base Details B20 Seize Functionality and Composite Policies for Cobalt Hardfork

    The upcoming network upgrade introduces administrative balance reassignment and multi-policy authorization rules for asset and stablecoin issuers.

  11. Stripe Integrates Open USD to Offer Fee-Free Stablecoin Conversions

    Backed by Coinbase, Mastercard, Shopify, and Visa, Open Standard launches OUSD on Stripe without fiat mint and burn fees.

  12. European Commission Launches Consultation to Review MiCA Framework

    The European Commission is seeking public and industry feedback to assess whether its landmark Markets in Crypto-Assets Regulation remains fit for purpose amid rapid market evolution.

  13. ESMA Recommends Bringing DeFi Access, Staking, and Lending Under MiCA

    The EU market regulator advised the European Commission to target non-compliant stablecoins, third-country solicitation, and influencer promotions under an updated crypto framework.

  14. MEXC Deposits Additional 1,000 BTC Into Guardian Reserve Fund

    The digital asset exchange expanded its protection pool to 2,000 BTC and 100 million USDT as part of a $500 million target.

  15. Senator Blumenthal Urges DOJ and Treasury to Probe Tether Over Iran Financing

    A Senate PSI report alleges 84% of sanctioned Iran-linked crypto wallets operated almost exclusively in USDT, calling for federal scrutiny of the stablecoin issuer.

  16. Crypto market close, Sept. 29: Bitcoin holds near $83,639 as HBAR tumbles 15.9%

    Bitcoin ended the UTC day at $83,639 after a $82,813–$84,423 range; 16 of the 50 largest crypto assets rose and 30 fell. Movers, whale flows, stablecoins and sentiment inside.

  17. Jeeves Secures $110M Equity Round Led by CoinFund to Expand Stablecoin Enterprise Banking

    The enterprise banking platform reached $1.5 billion in annualized stablecoin volume within eight months and expanded corporate cards across 35 countries.

  18. Bybit Adds Tesla and Nasdaq 100 ETF to TradFi Perp Options Roster

    The exchange expanded its TradFi perpetual options suite to eight assets and launched a 70,000 USDT incentive program.

  19. Coinbase Obtains CFTC Approval for Native Clearinghouse Subsidiary

    Coinbase Clearing LLC secures Derivatives Clearing Organization registration, finalizing an in-house derivatives platform utilizing USDC collateral.

  20. Bybit Partners With Franklin Templeton to Offer Off-Exchange Tokenized Collateral

    Institutions can pledge Franklin Templeton Benji-issued money market shares via ByCustody to unlock stablecoin credit on Bybit.

  21. US Prosecutors Move to Forfeit 110,270 Tether in Account Fraud Case

    The US Attorney's Office filed a civil forfeiture action to seize approximately $47,000 in USDT linked to a Massachusetts account takeover scheme.

  22. Tether Freezes Nearly $550M in Iran-Linked USD₮ as US Sanctions Tighten

    The stablecoin issuer reports freezing $550 million in 2026 across wallets linked to the Central Bank of Iran following US Treasury actions.

  23. Tether and Circle Lead Crypto Revenue Rankings as Stablecoins Dominate

    Tether logged $500.25 million and Circle generated $204.75 million in monthly protocol revenue, outpacing decentralized applications and major blockchains.

  24. UK FCA Issues Perimeter Guidance Ahead of Sept. 30 Crypto Licensing Gateway

    The Financial Conduct Authority outlined authorisation rules spanning stablecoins, custody, and trading platforms before applications open on Sept. 30, 2026.

Stories are matched to this page automatically from their headline, summary and tags. Basis Desk is an AI-native newsroom; every story links its primary sources. Not financial or legal advice.