US Aims to Turn Stablecoins Into a Weapon for Dollar Dominance
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US weighs overseas push for dollar-backed stablecoins: Bloomberg
The reported initiative could involve private-sector companies and several US agencies as Washington looks to expand the international use of dollar-backed stablecoins.
Stablecoin growth could boost dollar dominance, US Treasury demand: BoE official
A Bank of England policy maker said digital dollars could expand access to the US currency while turning stablecoin issuers into bigger buyers of government debt.
PNC Bank tests turning USDC payments into dollar deposits
The pilot lets eligible corporate and institutional clients accept USDC on Ethereum, with each token converted to one US dollar before deposit.
Bitcoin ETFs stretch $3.1B inflow streak as Ether funds turn red
Ether ETFs shed $3 million Tuesday after seven days of inflows, following an $8 million outflow from Zcash funds at the start of the week.
Circle and Tether Freeze Stablecoins Tied to Bitget Hack—But Most Funds Slip Away
The two stablecoin issuers blacklisted a wallet labeled "Bitget Exploiter 8," locking about $318,000 in USDC and USDT—but the attacker swapped most funds into unfreezable ETH before they could act.
BitMart account demands founder explain funds status, Xia calls claims ‘fabricated’
BitMart’s Chinese-language X account demanded an Aug. 19 repayment plan, while Sheldon Xia called its claims of blocked withdrawals and non-payment of salaries “fabricated rumors.”