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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.

23302 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
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

Foreign media: Trump is expected to have his first major legislative victory in the field of encryption policy next week

Foreign media: Trump is expected to have his first major legislative victory in the field of encryption policy next week

PANews reported on July 11 that according to Politico, Trump is expected to have his first major legislative victory in the field of cryptocurrency policy next week. Republicans in the

Author: PANews

2025/07/11

US Banking Regulator OCC Gets New Chief with Crypto Industry Roots

US Banking Regulator OCC Gets New Chief with Crypto Industry Roots

Jonathan Gould, a former blockchain executive with a deep regulatory background, has been confirmed as the next head of the Office of the Comptroller of the Currency (OCC). The US Senate voted 50 to 45 on Thursday to approve his nomination, clearing the way for Gould to become the OCC’s first permanent chief since 2020. Gould previously served as Bitfury’s chief legal officer and held senior roles at the OCC during the previous Trump administration. His return marks a notable shift for the federal banking regulator, which oversees national banks and savings associations and plays a key role in setting financial policy, including on emerging technologies. Gould’s Confirmation Sets Tone for Upcoming Policy Battles His confirmation follows months of debate in Washington over how to regulate digital assets, especially stablecoins. The Senate’s approval comes just ahead of “Crypto Week” in the House, where lawmakers are set to consider the GENIUS Act . The bill aims to set strict guidelines for stablecoin issuers, including full dollar backing and mandatory annual audits for those with large market caps. 🚨Jonathan Gould has just been confirmed as Comptroller of the @USOCC . Jonathan will continue the important work started by Acting Comptroller Hood to return the OCC to its true purpose of chartering and supervising banks to ensure a safe and sound banking system. https://t.co/PnqcBbakgJ — U.S. Senate Banking Committee GOP (@BankingGOP) July 10, 2025 Even as Gould steps in, political tensions remain. Earlier Thursday, Senator Cynthia Lummis, a longtime crypto supporter, initially voted against his nomination, citing concerns over federal preemption of state banking laws and stablecoin rules. However, she ultimately voted in favor during the final count. Banking Industry Welcomes Gould as OCC Moves to Modernize Crypto Oversight The OCC has already taken a more crypto-friendly stance this year. It clarified that US banks are allowed to buy and sell crypto assets for themselves. Additionally, the agency updated its internal guidance by removing references to “reputation risk.” However, it noted that banks must still manage all related risks responsibly. In a statement , Senate Banking Committee Republicans said Gould will continue efforts to refocus the OCC. His mandate, they added, is to return the agency to its core mission of bank supervision and financial soundness. The American Bankers Association also welcomed his appointment. It also called for a regulatory framework that supports national bank preemption and a resilient financial system. Gould will replace Acting Comptroller Rodney Hood. He is expected to help shape how US banking policy intersects with the fast-evolving crypto sector. Moreover, his appointment adds momentum to the broader push for clearer regulation as digital assets gain more mainstream financial traction.

Author: CryptoNews

2025/07/11

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