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Stablecoins

Stablecoins are digital assets pegged to a stable reserve, such as the US Dollar or Gold, to minimize price volatility. Serving as the primary medium of exchange in Web3, tokens like USDT, USDC, and PYUSD facilitate global payments and DeFi liquidity. In 2026, the focus has shifted toward yield-bearing stablecoins and compliant stablecoin frameworks under global regulations like MiCA. This tag covers the intersection of traditional finance (TradFi) and crypto through stable on-chain liquidity solutions.

23239 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
A wallet previously associated with the Ethereum Foundation sold 1,206.7 ETH to the non-profit development organization Argot Collective

A wallet previously associated with the Ethereum Foundation sold 1,206.7 ETH to the non-profit development organization Argot Collective

PANews reported on July 12 that according to on-chain analyst Ember’s monitoring, the non-profit development organization Argot Collective, which received 7,000 ETH of operating funds from the Ethereum Foundation, 6

Author: PANews

2025/07/12

Tether to sunset USDT on Omni and others in tactical network purge

Tether to sunset USDT on Omni and others in tactical network purge

Tether just axed USDT support on five blockchains in a calculated move to trim fat from its multi-chain footprint. The stablecoin giant is shedding legacy chains to focus on networks that actually move volume, signaling where stablecoin liquidity is heading.…

Author: Crypto.news

2025/07/12

China lawmakers to consider loosening hard stance on digital assets amid stablecoin wave: report

China lawmakers to consider loosening hard stance on digital assets amid stablecoin wave: report

China lawmakers held a meeting with local government officials to reevaluate its stance on digital assets, more specifically stablecoins and cryptocurrency. The government is being urged to consider yuan-based stablecoins amid the ban on crypto. According to a recent report…

Author: Crypto.news

2025/07/11

Shanghai officials warm to stablecoins despite China crypto ban: Report

Shanghai officials warm to stablecoins despite China crypto ban: Report

Local authorities and state-owned publications in mainland China are increasingly calling on the government not to dismiss the rising global adoption of stablecoins.

Author: PANews

2025/07/11

GMX Hacker Strikes White-Hat Deal: $42M Heist Turns $3M Profit After $5M Bounty Offer

GMX Hacker Strikes White-Hat Deal: $42M Heist Turns $3M Profit After $5M Bounty Offer

On July 9, decentralized exchange GMX became the latest DeFi protocol to suffer a major exploit, with over $42 million in digital assets reportedly siphoned from its vaults. According to data from DeBank, the breach involved a suspicious outflow of funds to a single wallet address: 0xdf3340a436c27655ba62f8281565c9925c3a5221. The stolen funds were then bridged from Arbitrum—a Layer 2 Ethereum scaling network—back to the Ethereum mainnet, a tactic often used by exploiters to hide or launder assets. In a surprising turn, blockchain analytics platform Lookonchain reported that the attacker agreed to a white-hat deal, opting to return the funds in exchange for a $5 million bounty. The #GMX hacker chose to return the stolen $42M assets for a $5M white-hat bug bounty. Currently, $10.49M $FRAX has been returned. Another $32M assets had been swapped into 11,700 $ETH , which is now worth $35M—netting a ~$3M gain. 🤔Will the hacker return all 11,700… pic.twitter.com/XjBlAK81Mf — Lookonchain (@lookonchain) July 11, 2025 White-hat deals are occasionally used in DeFi when exploiters are willing to return funds in good faith, often after revealing critical vulnerabilities. This approach seeks to avoid prolonged investigations and reputational damage while recovering assets for affected users. Partial Returns and a Profitable Arbitrage According to Lookonchain’s analysis, the hacker has already returned $10.49 million worth of FRAX stablecoins. However, the remaining $32 million was not simply held—it was swapped into 11,700 ETH and is now worth $35 million, resulting in an unexpected $3 million profit due to ETH price appreciation. The move is sparking debate over whether the attacker will return the full 11,700 ETH or simply send back $32 million and keep the additional gain. As of now, the hacker has yet to confirm their intentions publicly. The incident is raising questions about how white-hat agreements are enforced and whether attackers can ethically retain profits earned post-exploit. While some see the return of most funds as a net positive, others argue that walking away with millions in profit—even with partial compliance—undermines the very spirit of the white-hat model. DeFi Security and the Ethics of Exploitation The incident highlights ongoing security challenges within decentralized finance, particularly in relation to large asset vaults and cross-chain functionality. As of now, GMX has not confirmed whether a formal white-hat agreement was established prior to the partial return of funds. The situation remains under observation, with the outcome likely to influence broader discussions around the role of white-hat arrangements and ethical boundaries in DeFi. GMX Confirms $42M Exploit Rooted in Re-Entrancy Bug In its lastest post GMX confirms that the $42 million exploit was caused by a re-entrancy vulnerability within its V1 contracts. Although the affected function was protected by a nonReentrant modifier, it only applied within the same contract, allowing the attacker to bypass this safeguard and manipulate the BTC average short price through the Vault contract. https://t.co/1rfDbjDQ0r — GMX 🫐 (@GMX_IO) July 10, 2025 By exploiting this loophole, the attacker artificially drove the GLP price up and profited by redeeming inflated GLP tokens after opening a large position using a flash loan. The vulnerability was tied to how GMX V1 handled pricing calculations across separate contracts, a structure that has been revised in GMX V2, where calculations and executions now occur within the same contract to avoid such risks. In response, GMX paused trading on Avalanche, engaged with security partners and major infrastructure providers, and initiated direct on-chain communication with the exploiter. Minting and redemption of GLP on Arbitrum has been temporarily disabled pending the protocol’s transition plan and user reimbursement process. GMX confirmed that GLP minting on Avalanche is also paused, though redemptions remain active. V1 positions will be wound down and migrated to a reimbursement pool for affected users, and all remaining V1 orders should be cancelled. GMX has also issued a warning to all V1 forks, urging them to immediately implement fixes and security audits to avoid similar vulnerabilities.

Author: CryptoNews

2025/07/11

Why holding ETH is the best way to participate in the stablecoin wave?

Why holding ETH is the best way to participate in the stablecoin wave?

By Maria Shen & Sanjay Shah, Electric Capital Compiled by: TechFlow *Note: Throughout this article, “Ethereum” refers to the network and “ETH” refers to the asset that powers it. Far

Author: PANews

2025/07/11

Stablecoin platform Agora raises $50M in series A led by Paradigm

Stablecoin platform Agora raises $50M in series A led by Paradigm

Stablecoin infrastructure firm Agora has raised $50 million in a Series A round led by Paradigm with participation from Dragonfly Capital. According to a July 10 announcement, the funding will support expansion of Agora’s AUSD ecosystem and the rollout of…

Author: Crypto.news

2025/07/11

Deputy Director of the National Financial and Development Laboratory: The development model of RMB stable currency can be "internal and external integration"

Deputy Director of the National Financial and Development Laboratory: The development model of RMB stable currency can be "internal and external integration"

Author: Yang Tao, Deputy Director of the National Finance and Development Laboratory Source: National Finance and Development Laboratory The development model of RMB stable currency can be "internal and external"

Author: PANews

2025/07/11

MAP Protocol announces strategic transformation into a full-chain infrastructure focused on Bitcoin, stablecoins and tokenized asset exchange

MAP Protocol announces strategic transformation into a full-chain infrastructure focused on Bitcoin, stablecoins and tokenized asset exchange

PANews reported on July 11 that according to an official announcement, MAP Protocol announced its new strategic vision, transforming into a full-chain infrastructure focused on Bitcoin, stablecoins and tokenized asset

Author: PANews

2025/07/11

A-share digital currency and blockchain concept stocks continued to rise in the afternoon

A-share digital currency and blockchain concept stocks continued to rise in the afternoon

PANews reported on July 11 that according to Jinshi, A-share digital currency and blockchain concept stocks continued to rise in the afternoon, Hengbao Co., Ltd., Pulian Software, and Zhongke Jincai

Author: PANews

2025/07/11

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