NewsFeeds: Stablecoins
Stablecoin news: USDT and USDC supply, reserves and audits, new issuers and payment rules, rewritten by AI in our own words, credited and linked.
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Today
JD Coinlink website appears offline as Hong Kong registration remains
The website of JD Coinlink appears to be offline and cannot be accessed, while company records show JINGDONG Coinlink Technology Hong Kong Limited remains registered. JD had announced a Hong Kong-issued stablecoin pegged 1:1 to the Hong Kong dollar, and Coinlink was a participant in the HKMA's stablecoin issuer sandbox but was not among the first licensed issuers.
Tether to take part in Juventus capital increase with about $32.2m
Tether, which holds about 11.5% of Juventus, will join the €250m capital increase proposed by majority owner Exor and contribute €28.8m (about $32.2m) in line with its stake. At the shareholders' meeting Tether abstained on other ordinary resolutions, including approval of a €66m loss and board appointments.
Drift Protocol attacker moves $6.92m USDC to Hyperliquid and opens BTC long, ETH short
Onchain Lens says the Drift Protocol attacker withdrew ETH from Tornado Cash, swapped it for $6.92m in USDC via CoWSwap and bridged the funds to Hyperliquid. There it opened 20x positions: a BTC long and an ETH short of about $13m each, roughly $26m in total notional.
Previous related news
- Drift Protocol attacker moves another 24,885 ETH to Tornado Cash, Lookonchain says
- Suspected Drift exploiter moves another 18,800 ETH to Tornado Cash
- Drift Protocol attacker moves another 4,600 ETH to Tornado Cash, Salus says
Compound to shut Scroll USDC market, with unpaid loans facing liquidation
Compound Foundation says its USDC market on Scroll is closing and borrowers should repay loans soon, as any outstanding loans will be liquidated over the coming weeks. Scroll had already asked users to deal with their DeFi positions.
Yesterday
Circle's USDC supply falls by about 800m in seven days to 69.2bn
Circle issued about 12.7bn USDC and redeemed about 13.5bn in the seven days to 5 Nov, cutting circulating supply by about 800m to 69.2bn, with reserves of about $70.5bn, Circle data show.
Fri 6 Nov
Circle mints 250m USDC on Solana
USDC Treasury minted 250m USDC, worth about $250m, on the Solana network at 06:06 Beijing time, with the transaction executed by a Circle minting address, Whale Alert says.
Whale Alert says 300m USDC moved from unknown wallet to Aave
Whale Alert reported that 300m USDC, worth about $300m, was transferred from an unknown wallet to Aave.
Morpho says Coinbase users can borrow against tokenised gold
Morpho says Coinbase app users can take out Morpho-powered loans backed by Paxos tokenised gold on the Base network, borrowing stablecoin liquidity without leaving the app.
Whale Alert says 247m USDT moved from unknown wallet to Bitfinex
Whale Alert reported that 247,000,000 USDT, worth about $247m, was transferred from an unknown wallet to Bitfinex.
World Liberty Financial to buy back WLFI tokens as USD1 supply falls to $3.63bn
World Liberty Financial says it will buy back WLFI tokens using funds including fees tied to USD1 stablecoin reserves, without giving an amount, timetable or burn commitment. USD1's circulating supply is about $3.63bn, down from roughly $4.43bn in late September and a peak of about $5.39bn in February.
OSL Group and Reap team up to widen stablecoin payments use
OSL Group has partnered with fintech platform Reap to broaden stablecoin payments, combining OSL's stablecoin infrastructure and liquidity with Reap's issuance and cross-border technology. The firms also plan to explore AI agent payments.
ECB's Cipollone says digital euro pilot to start in second half of 2027
European Central Bank executive board member Piero Cipollone says the digital euro pilot is planned for the second half of 2027, running 12 months with 36 service providers. If legislation talks conclude this year, the ECB aims to issue the digital euro in 2029.
Previous related news
- ECB plans digital euro launch in 2029 covering online shops, some stores and transfers
- ECB's Cipollone warns of fragmented tokenisation market without digital euro
- ECB's Cipollone says digital euro will boost European banks' competitiveness
Upbit to end Hive Dollar trading support on 7 Dec
Upbit will end trading support for Hive Dollar (HBD) on 7 December 2026 at 15:00, affecting the HBD/BTC pair. Users must withdraw their assets by 6 January 2027, after which requests cannot be processed.
Paraguay president resigns after Ueno Bank collapse as USDT premium hits 13%
Paraguay's president has resigned after Ueno Bank collapsed, with USDT trading at a 13% premium on the local peer-to-peer market as people rush to obtain US dollars.
Thu 5 Nov
Whale Alert says 271.9m USDC moved from Coinbase Institutional to Coinbase
Whale Alert reported a transfer of 271,930,802 USDC from Coinbase Institutional to Coinbase, valued at about $272m.
Tether's Hadron partners with RedStone on same-day settlement
Hadron by Tether is partnering with RedStone to give tokenised asset issuers access to its price feeds, net asset value data and RedStone Settle, which supports T+0 settlement. Tether said the feature will apply only to eligible tokenised assets.
Four Pillars author says crypto products barely use blockchains
A Four Pillars author, 100y, argues that popular crypto products such as regulated prediction markets, real-world assets and stablecoins rely on blockchain mainly for deposits and withdrawals, leaving it a mere pipe.
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