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Independent, referenced coverage of the companies shaping crypto, from exchange listings and stablecoin regulation to security failures and real-world-asset ventures. We publish both the promising and the troubling, always with sources.

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A magnifying glass over a glowing reserve attestation document beside a stablecoin token, on a dark circuit background
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Stablecoins

How to verify a stablecoin's reserves yourself, in six steps

Six of the nine stablecoins in our tracker publish attestations rather than audits, and one publishes neither. Here is a repeatable, six-step method for checking reserve quality using nothing but public documents and a block explorer.

Sofia Marchetti
Circle of glowing stars over a dark data centre corridor representing EU stablecoin regulation
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Stablecoins

MiCA passporting reshapes the EU stablecoin market

The EU's Markets in Crypto-Assets regulation has consolidated stablecoin issuance around passported e-money token licences, pushing exchanges to delist non-compliant tokens for European users.

Sofia Marchetti
Hong Kong skyline at night with holographic stablecoin symbols, representing the HKMA licensing regime
Positive
Stablecoins

Hong Kong issues its first stablecoin issuer licences under new HKMA regime

The Hong Kong Monetary Authority issued its first batch of stablecoin issuer licences under the 2025 Stablecoins Ordinance, formally launching one of Asia's most detailed fiat-token frameworks.

Sofia Marchetti
Stablecoin symbol representing US stablecoin regulation delays
Critical
Stablecoins

US regulators miss key GENIUS Act deadline as stablecoin rules stall

Federal regulators missed the first statutory deadline under the GENIUS Act, pushing back the operational rollout of the landmark US stablecoin regime and frustrating issuers ready to apply.

Sofia Marchetti
Golden token representing a stablecoin issuer's reserves
Neutral
Stablecoins

Tether reports more than $10 billion in 2025 profit and record US Treasury exposure

Tether's Q4 2025 attestation, prepared by BDO, reported more than $10 billion in annual profit, $6.3 billion of excess reserves and a record $141 billion of US Treasury exposure, alongside sizeable gold and bitcoin holdings.

Sofia Marchetti
Glowing digital dollar coins travelling along neon payment rails toward a bank
Positive
Stablecoins

Stablecoin supply sets a fresh record as settlement volume outgrows trading

Aggregate stablecoin supply reached a new high in August 2026, with a growing proportion of transfer volume coming from settlement and treasury use rather than exchange trading.

Sofia Marchetti
Glowing digital coins travelling along neon payment rails toward a bank
Positive
Stablecoins

Euro-denominated stablecoins finally get competitive as MiCA licensing settles

With MiCA authorisations in place, several credible euro-denominated stablecoins are competing for a market whose main limitation is now trading liquidity rather than regulatory uncertainty.

Sofia Marchetti
Dark world map with glowing remittance routes and mobile money icons
Positive
Stablecoins

Stablecoin remittance corridors mature across African markets

Stablecoin-based remittance routes into several African markets have matured through licensed local partners and mobile-money integration, though ramp spreads still absorb a large share of the theoretical saving.

Kwame Osei
Dark world map with glowing remittance routes and mobile money icons
Positive
Stablecoins

Latin American payment rails accelerate crypto settlement

Integration between instant local payment systems and stablecoin settlement is accelerating everyday crypto use across Latin American markets, ahead of settled regulatory frameworks in several countries.

Rafael Duarte
Hong Kong skyline at night with a glowing digital coin
Positive
Stablecoins

Hong Kong's first bank-issued regulated stablecoin reaches the market

Hong Kong's stablecoin licensing regime has produced its first live bank-backed Hong Kong dollar token, with supervised reserves and redemption obligations, and a very small number of approved issuers behind it.

Yuki Sato
US Treasury building rendered in dark navy with glowing digital stablecoin tokens
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Stablecoins

Treasury's GENIUS Act rule puts a clock on offshore stablecoins

The Treasury Department has issued the first substantial rulemaking under the GENIUS Act, defining core terms, extending due-diligence duties to exchanges and other intermediaries, and setting out a timetable after which US providers could be barred from offering non-compliant offshore payment stablecoins to American customers.

Priya Nair