Sofia Marchetti
Stablecoins & Payments Reporter
Milan9 articles
Sofia covers stablecoin issuance, reserve attestations and cross-border payment rails, with a focus on MiCA and the GENIUS Act.
sofia@cryptoxinsights.comAreas covered
- Stablecoin issuance
- Reserve attestations
- Cross-border payments
- MiCA and the GENIUS Act
Published under: Stablecoins, Markets, Payments.
How they work
Sofia compares attestation reports across quarters to see what changed in the reserve composition, rather than reprinting headline totals.
Corrections to any story on this page go to corrections@cryptoxinsights.com. Our full standards are set out in the masthead.
Articles by Sofia Marchetti
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.
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.
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.
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.
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.
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.
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.
Stablecoin issuer Circle raises $1.05 billion in an upsized IPO and doubles on debut
Circle, the issuer of USDC, priced its upsized IPO at $31 to raise $1.05 billion, then surged around 168% on its NYSE debut, one of the standout crypto listings of 2025.
Stripe completes its $1.1 billion Bridge acquisition in a big stablecoin bet
Stripe closed its $1.1 billion acquisition of stablecoin platform Bridge, its largest deal to date, and quickly rolled out stablecoin features, a strong signal that stablecoins are moving into mainstream payments.