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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Mon 2 Nov
Whale Alert says 270m USDT moved from unknown wallet to Bitfinex
Whale Alert reported that 270,000,000 USDT, worth about $270m, was transferred from an unknown wallet to Bitfinex.
Circle mints 1bn USDC on Solana in four transactions
USDC Treasury minted 1bn USDC on Solana in four transactions of 250m each between 02:12 and 02:22 Beijing time, Whale Alert reported. The receiving Circle-controlled account holds about 1.756bn USDC, Solscan data shows.
IMPTether freezes over $1.5bn in USDT linked to Binance hack
Tether froze more than $1.5bn in USDT within 30 minutes of the 29 October Binance hack, blocking the funds from being moved, swapped or laundered. The FBI attributed the attack to North Korea; Tether says it has helped US agencies freeze over 3,590 wallets holding about 1.6bn USDT as of 31 October 2026.
Standard Chartered launches tokenised deposit service for corporate clients in Hong Kong
Standard Chartered has launched tokenised deposits for corporate clients in Hong Kong, its first market for the service, using its own blockchain and the HKMA's EnsembleTX to move deposits between banks around the clock with central bank money settlement.
SBI plans $100m investment in US digital bank Erebor
Japan's SBI Holdings plans to invest $100m in US digital bank Erebor Bank to support blockchain payments and research stablecoin functions within regulated banking. Erebor holds a national bank charter and FDIC coverage obtained in February.
Whale Alert says 200m USDC moved from Binance to unknown wallet
Whale Alert reported that 200,000,000 USDC, worth about $200m, was transferred from Binance to an unknown wallet.
Startale Card goes live for early users spending from $USDSC
Startale has launched a virtual payment card for early ecosystem contributors, letting them spend directly from their $USDSC balance. Issued by Visa principal member Rain, it offers 1% $USDSC cashback, which may be adjusted or discontinued, and the waitlist has passed 300,000 since reservations opened in July.
Tether freezes over 4.5m USDT linked to Mercado Bitcoin security incident
Tether CEO Paolo Ardoino says Tether has frozen more than 4.5m USDT tied to a security incident at Mercado Bitcoin. The exchange said no customers lost funds and no data leaked, and paused deposits and withdrawals as a precaution.
USDC Treasury burns 100m USDC on Solana
100m USDC, worth about $100m, was destroyed at the USDC Treasury in a transaction on the Solana blockchain.
Tether treasury burns 2,000 million USDT, Whale Alert says
Whale Alert reported that 2,000 million USDT was burned at the Tether Treasury.
240,000,005 USDT moved from unknown wallet to Binance
Whale Alert reported a transfer of 240,000,005 USDT from an unknown wallet to Binance, valued at about $240m.
OKX to list USDT-margined perpetuals on five stocks
OKX will launch USDT-margined stock perpetual contracts on ADI, FLEX, MELI, PEP and UMC, opening at 11:30, 11:45, 12:00, 12:15 and 12:30 UTC respectively. The contracts trade around the clock, with funding usually settled every eight hours.
Zhao Changpeng says local-currency stablecoins would lift demand for currencies and government bonds
Zhao Changpeng said on X that more countries will realise issuing stablecoins in their own currency lifts demand for that currency and for their government bonds, adding that the dollar is already far ahead in this respect.
OKX publishes 49th proof of reserves, marking four years of monthly reports
OKX's 49th proof-of-reserves report shows reserves of at least 100% for more than 20 major coins, with BTC at 108%, ETH at 101%, USDT at 106% and USDC at 100%. The four together are worth about $27.8bn, and OKX has published the reports monthly since November 2022.
KAST's Raagulan Pathy says platform will not issue a token
KAST founder Raagulan Pathy says the stablecoin payments platform will not issue a token, and instead plans to convert user points into KAST Pioneer Units issued by a KAST-linked SPV, with users able to confirm the conversion in the app from early December.
ZachXBT says EU entity suspected of losing over $106m in attack
ZachXBT says an EU entity was apparently attacked on 1 November, with more than $106m stolen from centralised exchange accounts. He says the suspected attacker is swapping USDC for ETH and monero and moving funds across chains via bridges.
Bloquo raises $3.72m to expand stablecoin payments platform
Brazilian stablecoin payments firm Bloquo has raised $3.72m in a round led by Crescera Capital and TriAxis Capital. The Rio de Janeiro company, founded in 2025, will use the funds for compliance, technology and expansion.
Yi He says Binance reserve fall reflects price swings
Binance co-founder Yi He said DefiLlama's figures rely on publicly disclosed proof-of-reserves data and are valued in dollars at the relevant dates' crypto prices, so totals move with prices. A user had noted Binance's reserves fell to 127bn USDT from 151bn USDT on 29 September.
Previous related news
- Yi He says Binance will issue further proof of reserves after topping up altcoins
- Yi He says Binance has allocated $6.34bn of company funds to user pool
- Binance user Bitcoin holdings rose $537m in September, ether fell $499m
HSBC says HKD stablecoin RedCoin draws about 50,000 users in first week
HSBC chief executive Georges Elhedery said the Hong Kong dollar retail stablecoin RedCoin has attracted about 50,000 users in its first week and aims to reach millions. RedCoin, one of only two licensed stablecoins in Hong Kong, opened to more than 3.3m PayMe users from October.
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