TetherUSDT-USD
▲ PositiveDemandrelevance
Tether-backed Utexo will issue USDT on Bitcoin, expanding USDT's circulation and adoption to a new network.
Impact on assets 2
Others
Tether
BitcoinBTC-USD
▲ PositiveTechnologyrelevance
Utexo plans to issue USDT on Bitcoin and support BTC-USDT exchange, loans collateralized by Bitcoin, and Lightning Network support, expanding Bitcoin's utility.
Theme Impact 2
Off-coverage companies 2
UtexoPrivate▲ Positive
Regulationrelevance
Utexo obtained a commercial license covering USDT issuance and Tether trademark use, enabling its planned October launch.
TetherPrivate▲ Positive
Technologyrelevance
Utexo is building RGB-based private USDT transactions on Bitcoin with blacklisting for illicit assets, advancing Tether's USDT technology footprint.
Related news
United States
Global▲
Visa Expands Stablecoin Settlement to Nine Blockchains as Volume Tops $20 Billion Run Rate
Visa is expanding its stablecoin infrastructure across nine blockchains and now supports more than 160 stablecoin-linked card programs, with payment volume up nearly 200% year over year. In fiscal 2026 year to date, about 17% of Visa's stablecoin-linked card volume came from business and commercial card programs, and its stablecoin settlement volume has crossed a $20 billion annualized run rate, up more than 15-fold from a year ago. The company launched the Visa Stablecoin Platform, introduced an onchain credit model in September 2026 that uses VisaNet settlement data, and expects its partnership with Bridge to take stablecoin-linked cards to more than 100 countries. Visa's Value-Added Services revenues rose to $3.8 billion in the third quarter of fiscal 2026 from $2.8 billion a year earlier, while processed transactions rose 10% year over year to 71.7 billion. Net cash provided by operating activities totaled $16.3 billion in the first nine months of fiscal 2026, free cash flow reached $15.2 billion, and Visa returned $6.2 billion in the third quarter through dividends and share repurchases, including $4.9 billion of buybacks, with $28.4 billion still available under its repurchase authorization as of June 30, 2026.
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Digital Finance & Tokenization › Payments Modernization & Rails ▲Technology
Digital Finance & Tokenization › Stablecoin Issuers & Distribution ▲Technology
V · Capital · Positive Value-Added Services revenue rose to $3.8B from $2.8B, with $6.2B returned via dividends and buybacks in Q3.
V · Demand · Positive Visa's stablecoin-linked card programs and settlement volume grew sharply, with volume up nearly 200% YoY and a $20B annualized settlement run rate.
Bridge · Demand · Positive Visa expects its partnership with Bridge to take stablecoin-linked cards to more than 100 countries.
United States▲2
Coinbase CEO Brian Armstrong Cheers Citi Stablecoin Payments Partnership
Coinbase Global CEO Brian Armstrong said Citigroup has partnered with Coinbase to enable stablecoin payments for large institutional clients, calling the tie-up proof the crypto giant "has come a long way" since 2012. Under the partnership, Citi's institutional clients, including multinational corporations, will be able to accept stablecoin payments from customers at checkout through the bank's merchant-processing services, while Coinbase customers can use Citi's banking capabilities and automatically convert incoming cash into stablecoins. Armstrong recalled that getting a bank to work with Coinbase at its founding was "nearly impossible," and thanked Citi for the arrangement. Stablecoins are a key and rapidly growing revenue component for Coinbase, which shares interest income on reserve assets backing USDC with Circle Internet Group and monetizes customer balances on its platform; USDC held in Coinbase products hit an all-time high of $20 billion in the second quarter, more than 30% of all USDC in circulation. Coinbase shares finished Friday down 3.32% at $183.
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Digital Finance & Tokenization › Crypto Exchanges, Custody & Digital-Asset Infrastructure ▲Demand
Digital Finance & Tokenization › Distribution & Revenue-Share Partners ▲Demand
Digital Finance & Tokenization › Stablecoin Issuers & Distribution ▲Demand
Digital Finance & Tokenization › Payments Modernization & Rails ▲Demand
COIN · Demand · Positive Citi partnership enables stablecoin payments for institutional clients and lets Coinbase customers use Citi banking with auto-conversion to stablecoins, boosting Coinbase's stablecoin business.
C · Demand · Positive Citi partners with Coinbase to let its institutional clients accept stablecoin payments via its merchant-processing services, expanding Citi's payments offering.
CRCL · Demand · Positive Coinbase shares USDC reserve interest income with Circle, and USDC in Coinbase products hit a record $20B, over 30% of all USDC in circulation.
United States
Iran
Israel
Lebanon▼4
US Senate Report: Over $34.6 Million in USDT Flowed Out of Iran-Linked Wallets
Democratic staff of the Permanent Subcommittee on Investigations (PSI) of the US Senate Homeland Security and Governmental Affairs Committee published a report on September 28 examining Iran-linked funding networks. According to the report, of 39 wallets that Israel's National Bureau for Counter Terror Financing (NBCTF) designated for seizure in June 2023 as being tied to a figure involved in Hezbollah money laundering, Tether, the issuer of USDT, failed to freeze 34 of them until March 2024, and more than $34.6 million in crypto assets flowed out during that period. The investigation analyzed 846 wallets that US and Israeli authorities had identified as linked to the Iranian government or its proxy forces, and found that 84 percent of them transacted solely or almost solely in USDT. The report noted that relying only on freezes after designation cannot adequately prevent the outflow of funds, and called on stablecoin issuers to continuously monitor high-risk transactions by counterparties and their customers.
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Digital Finance & Tokenization › Stablecoin Issuers & Distribution ▼Regulation
Digital Finance & Tokenization › Stablecoin Issuers ▼Regulation
Digital Finance & Tokenization › Crypto Exchanges, Custody & Digital-Asset Infrastructure ▼Regulation
USDT · Regulation · Negative US Senate PSI report says Tether failed to freeze 34 of 39 Israel-designated Iran/Hezbollah-linked wallets, letting over $34.6M in USDT flow out, and calls for stricter stablecoin monitoring.
Tether · Regulation · Negative US Senate PSI report says Tether failed to freeze 34 of 39 Israel-designated Iran/Hezbollah-linked wallets, letting over $34.6M in USDT flow out, and calls for stricter stablecoin monitoring.
United States▲impact 4
SoFi Migrates US$25 Billion Card Portfolio to Bank-Issued Stablecoin SoFiUSD
SoFi Technologies and Mastercard announced that stablecoin settlement went live across SoFi Bank, N.A.'s debit and credit card program, migrating its entire US$25.00 billion card portfolio to SoFiUSD. SoFiUSD is the first stablecoin issued by a nationally chartered bank on Mastercard's global network, positioning bank-issued stablecoins as an operational bridge between traditional payment rails and blockchain infrastructure. The move connects to SoFi's April 2026 launch of Big Business Banking, which lets enterprises manage fiat and crypto, mint and burn SoFiUSD, and access real time payments in a single bank interface. SoFi's narrative projects $7.7 billion revenue and $1.6 billion earnings by 2029, requiring 21.6% yearly revenue growth and an earnings increase of about $1.0 billion from $636.3 million today, while the most pessimistic analysts saw SoFi reaching only about US$6.0 billion revenue and US$1.0 billion earnings by 2029.
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Digital Finance & Tokenization › Digital Banking & Neobanks Technology
Digital Finance & Tokenization › Payments Modernization & Rails ▲Technology
Digital Finance & Tokenization › Stablecoin Issuers & Distribution ▲Technology
Digital Finance & Tokenization › Stablecoin Issuers Technology
Digital Finance & Tokenization › Digital Lending & Alt-Credit Platforms Technology
SOFI · Technology · Positive SoFi migrated its entire $25B card portfolio to its own bank-issued stablecoin SoFiUSD, an operational blockchain-payments development tied to its Big Business Banking platform.
MA · Demand · Positive Mastercard's global network now carries the first bank-issued stablecoin, with SoFi's entire $25B card portfolio settling on it, expanding Mastercard's payment volume.
United States▲2
Fiserv Launches Roughrider Stablecoin on Solana for North Dakota Bank Settlement
Fiserv has launched the Roughrider stablecoin, a bank-to-bank settlement token built on Solana. Versa Bank issues the bank-only token, which serves a North Dakota network of more than 90 banks and credit unions. The coin is designed for interbank settlement among those institutions rather than for consumer retail use, replacing legacy systems such as Swift and ACH with near-instant, near-zero-fee transfers. The North Dakota effort is separate from a national network of regional and community banks that is launching its own bank stablecoin network. Because the token runs on Solana, its growth could drive demand for the network's gas fees.
About megatrends
Digital Finance & Tokenization › Payments Modernization & Rails ▲Technology
Digital Finance & Tokenization › Stablecoin Issuers & Distribution ▲Technology
Digital Finance & Tokenization › Stablecoin Issuers Technology
FISV · Technology · Positive Fiserv launched the Roughrider stablecoin for bank-to-bank settlement, a new product development.
VBNK · Technology · Positive VersaBank issues the bank-only Roughrider stablecoin, giving it a role in the new settlement token.
SOL · Demand · Positive The token runs on Solana, so its growth could drive demand for the network's gas fees.
United States2
US Adds Just 29,000 Jobs in September as SEC Proposes Crypto Custody Rules
The US economy added just 29,000 jobs in September, well below expectations of 89,000, while the unemployment rate rose to 4.2% against an expected 4.1%, a miss that host Scott Melker said weakens the case for further Fed rate hikes and points toward cuts. Prior months were revised sharply lower, with July cut by 31,000 to 10,000 and August by 29,000 to 133,000, leaving combined employment 60,000 lower than previously reported, and wage growth slowed to 0.1% monthly and 3% annually. Separately, the SEC proposed dedicated custody rules that would let registered investment advisors, investment funds and business development companies hold crypto assets directly under federal securities law, with state-chartered trust companies able to serve as permitted crypto custodians and client assets segregated from the trust company's own assets. In other news, Fiserv launched the Roughrider stablecoin, a bank-to-bank settlement token on Solana serving a North Dakota network of more than 90 banks and credit unions, and the Ethereum Foundation launched zero-knowledge APIs, built with the Open Anonymity Project, that let users pay for AI models without revealing identity. Near Intents was hit by a 3.8 million dollar exploit, with no customer funds lost, and another Trump meme coin dinner was advertised for top token investors.
About megatrends
Digital Finance & Tokenization › Crypto Exchanges, Custody & Digital-Asset Infrastructure ▲Regulation
Digital Finance & Tokenization › Payments Modernization & Rails ▲Regulation
Digital Finance & Tokenization › Stablecoin Issuers & Distribution Regulation
FISV · Technology · Positive Fiserv launched the Roughrider stablecoin, a bank-to-bank settlement token on Solana for a North Dakota network of 90+ banks and credit unions.
ETH · Technology · Positive The Ethereum Foundation launched zero-knowledge APIs with the Open Anonymity Project enabling private AI-model payments.
SOL · Technology · Positive Solana is the blockchain chosen for Fiserv's new Roughrider bank-to-bank settlement stablecoin.