Crypto card spending has topped $1 billion as stablecoins move into everyday purchases, with tracked card volume more than tripling in a year. USDC and USDT funded over 70% of spending, with USDC at 50.8% and USDT at 20.3%, as users increasingly paid for groceries, rides and subscriptions. More than 10 million purchases were recorded in the last month, and average transaction volume increased from $59 to approximately $86. Stablecoins are now funding traditional Visa and Mastercard networks rather than replacing them, with consumers using familiar card frameworks backed by stablecoins.
Tether's Bitcoin mining expansion plan in Uruguay collapses amid dispute over power supply
Tether's planned Bitcoin mining expansion in Uruguay has collapsed amid a dispute over power supply with the state-owned utility UTE. According to an investigative report by Reuters, the project was estimated at around 120 million dollars across two mining facilities in Florida department, and was positioned as a foothold for expanding operations across South America. A conflict emerged by November 2024 between Tether's local entity Microfin and UTE over whether the contracted power supply amount should be interpreted as a minimum or a maximum. After a power shortage occurred, Microfin stopped paying electricity bills, notified termination of the contract in June 2025, and UTE cut off power supply on July 25 of that year. The unpaid electricity bills were settled in December of that year.
Lawson and Netstars conducted a pilot test on August 17 at the Lawson Gate City Osaki Atrium store in Osaki, Tokyo, linking Netstars' store-facing stablecoin payment service, Stablecoin Pay, with existing POS registers. Using USDC, USDT, and JPYC held in MetaMask, they verified payment speed, store operations, and user operability. NADA NEWS confirmed the payment flow on-site and asked both companies about challenges toward practical implementation.
USDC Transactions Jump 209% as Tether Keeps Stablecoin Lead
Tether's USDT remains the world's dominant stablecoin despite rising competition, according to data from crypto payment firm NOWPayments. Circle Internet Group's USDC stablecoin is gaining momentum, with transactions up 209% year-over-year and transaction volume up 101% in the first half of this year. Tether's USDT transaction activity declined over the same period, though it remains the market leader. NOWPayments said USDT continues to offer the scale and liquidity businesses rely on, while USDC is emerging as a popular alternative. Circle's stock has declined 43% over the last 12 months to trade at $76.53 per share.
Bitkub expands partnership with Tether to advance digital asset knowledge through 2026
Bitkub has announced an expansion of its partnership with Tether, building on the success of 2023 and 2025, to provide blockchain, Bitcoin, and stablecoin education to Thai people nationwide. The collaboration covers both Bitkub Exchange and Bitkub Academy, which from 2025 to early 2026 organized several events and seminars, including BITKUB SUMMIT 2025, Bitkub Insights Onstage, Learn to Earn sessions on USDT and XAUT, and training for Walailak University. Co-founder of Bitkub Capital Group Holdings, Sukrit Phutthawiriyah, said Tether is a global partner that has worked with Bitkub Academy for more than four years and has seen strong reception from Thai people, so the company intends to continue developing the partnership for another year, both in Bangkok and in other provinces. Co-founder of Bitkub, Attakrit Chimplapibul, added that Bitkub Exchange, under the supervision of the Securities and Exchange Commission, is committed to working with global partners who value Thailand's digital asset ecosystem. This expanded partnership builds on the success since 2023 in helping Thai people broadly access knowledge about USDT, and in 2026 access will be elevated even further. Additionally, Bitkub Exchange and Tether are running a special thank-you campaign for users holding 100 USDT or more from August 19 to September 18, 2026, offering rewards worth approximately 500 baht to the first 2,000 participants.
Tether passes KPMG audit, receives first clean opinion
Tether, the issuer of the USDT stablecoin, disclosed that KPMG U.S. issued an unqualified opinion on the 2025 financial statements of Tether International, S.A. de C.V., marking the company's first full independent financial statement audit. An unqualified opinion is the most positive form of opinion an independent auditor can issue, with no reservations, exceptions, or limitations under AICPA standards for the year ended December 31, 2025. Simon McWilliams, Tether's chief financial officer, said the audited financial statements show Tether's reserves exceeded its liabilities by 6.8 billion dollars at the end of 2025. KPMG checked transactions, systems, ownership records, valuations, counterparties, and underlying evidence, including physically counting and inspecting every gold bar held. The audit came after Tether announced in March that it had appointed a Big Four accounting firm without naming it, which the Financial Times reported at the time was KPMG. Tether also hired PwC to help prepare its internal systems for the audit.
Saylor Unveils Digital Finance Stack with USDT as Primary Gateway
Strategy chairman Michael Saylor has unveiled a multi-layered Digital Finance Stack that officially designates the USDT stablecoin as the ecosystem's primary transactional gateway. The move marks an unexpected compromise with the fiat world for Saylor, who had championed uncompromising Bitcoin maximalism for years. The announcement represents the first time USDT has been given such a formal role in his framework.
Cashi launches public beta for stablecoin spending app and Visa card
Cashi has launched a public beta of its stablecoin spending app and Visa card, allowing users to deposit USDT or USDC and receive a virtual Visa card that can be used wherever Visa is accepted, including online and in-store via Google Pay. The company expects a full launch before the end of the year, with Apple Pay support and physical cards planned. More than 1,100 people joined the waitlist ahead of the beta release. Issuer processing platform Thredd has been selected to power the programme, which is live in Hong Kong with expansion into Mexico planned for late 2026.
Russia's central bank proposes allowing Bitcoin, Ether, Tether trading on official exchanges
Russia's central bank has proposed allowing Bitcoin, Ether, and Tether to be traded on official Russian exchanges. The Bank of Russia published draft rules on Tuesday, following legislation signed by President Vladimir Putin that legalized cryptocurrency trading. Under the proposed framework, both retail and professional investors would have to pass a test before trading these cryptocurrencies from September 1, with retail investors facing an annual purchase limit of 300,000 rubles through each regulated intermediary. Accredited investors would face no purchase limits and could buy any cryptocurrency on exchange and over-the-counter markets. The central bank selected Bitcoin, Ether, and Tether due to their price history, liquidity, and market capitalization, and the proposals are open for public feedback until August 24.
Crypto Card Spending Tops $750 Million as Stablecoin Payments Surge, a16z Reports
Crypto card spending reached $759 million in July, a roughly 2.5-fold increase from $306 million a year earlier, according to data from a16z crypto and Paymentscan. Nearly nine million purchases were completed during the month, with an average transaction value of approximately $86. Dollar-backed stablecoins dominated, with USDC and USDT together accounting for about 84% of tracked spending. The infrastructure has diversified, with Optimism processing about 29% of volume, while Solana and Base each handled around 19%, and Gnosis's share fell to roughly 2%. The growth highlights stablecoins' expanding role as practical payment instruments, bridging onchain liquidity with existing card rails.
Quantus Founder Warns First Quantum Crypto Hack Will Leave No Trace
Christopher Smith, founder of Quantus Network, warns that the first quantum attack on cryptocurrencies could occur without any trace of a breach, making it extremely difficult to detect. A sufficiently powerful quantum computer could compute private keys from public keys visible on the blockchain without needing to penetrate the internal systems of wallets or exchanges. Smith estimates a 50-50 chance of this happening by 2028, while researchers at Blockchain Capital view the early 2030s as almost certain. The first target may not be Satoshi Nakamoto's Bitcoin, but rather Tether's token minting keys or exchange hot wallets, which would trigger fewer alarms. Advances in quantum algorithms and AI are accelerating the timeline for transitioning to a post-quantum era, with Google projecting this by 2029.
Tether expands tokenization to Saudi Arabia with real estate push
Tether is expanding its tokenization business to Saudi Arabia, planning to bring institutional-grade real estate assets onchain using its Hadron platform. The platform will issue and manage tokenized real estate assets for institutional investors, with potential later expansion into energy, infrastructure, finance, and other real-world assets. The move marks Tether's latest effort to diversify beyond its USDT stablecoin, as banks and asset managers increasingly adopt tokenization for traditional assets like money market funds and private credit. Saudi Arabia is exploring tokenization as part of its Vision 2030 economic diversification strategy, while Citigroup analysts forecast the tokenized securities market could reach $5.5 trillion by 2030.
SEC and Bank of Thailand to Issue Stablecoin Regulations This Year
The Securities and Exchange Commission and the Bank of Thailand are preparing to issue regulatory guidelines for stablecoin transactions within this year, aiming to reduce risks related to money laundering, technology-enabled crime, and cross-border transfer avoidance. They held discussions with digital asset business operators on 7 August 2026, following a significant rise in transaction volumes involving stablecoins such as USDT and USDC. The SEC stated it will use input from the discussions to determine appropriate and practical approaches. Key measures to be enforced include enhanced customer due diligence, customer profiling to set daily withdrawal limits, and additional scrutiny of high-risk customers. The Travel Rule is also being prepared, with guidelines to be issued by August 2026 and enforcement to begin by February 2027.
OSL Group Launches OSL AgentPay, a Multi-Stablecoin Payment Infrastructure for AI Agents
OSL Group has launched OSL AgentPay, a stablecoin payment infrastructure designed to enable AI agents to execute fully autonomous payment flows. The platform supports multiple stablecoins including USDT, USDC, and USDGO, as well as payment protocols such as x402, AP2, and MPP, with developer access available immediately via API. OSL AgentPay offers eight core capabilities: execution interface, multi-asset routing, multi-stablecoin abstraction, micropayment capacity, gas-fee-free on-chain transactions, multi-protocol compatibility, multi-wallet compatibility, and global fiat on/off ramps. The company aims to capture a share of the agent-to-agent commerce market, which McKinsey estimates could reach three to five trillion dollars by 2030, by integrating protocol-compatible gateways with its global settlement core, including the enterprise-grade stablecoin USDGO and fiat ramps through its Banxa unit.
Lawson to Test MetaMask Payments with Support from Netstars
Netstars has announced it will support a stablecoin payment trial that Lawson will conduct on August 17. The in-store payment service Stablecoin Pay will be linked with Lawson's existing POS registers to evaluate transaction speed and operational aspects at the counter. The trial will use US dollar-denominated stablecoins USDC and USDT, as well as the yen-denominated stablecoin JPYC, with MetaMask serving as the wallet. Participation is limited to relevant parties and not open to the general public. Netstars aims to confirm whether the system can be used without disrupting convenience store operations and will apply the insights gained to future implementation support.
Tether Q2 profit hits $1.5 billion, buoyed by high US Treasury yields
Tether posted net operating profit of approximately $1.5 billion in the second quarter. Performance of its US Treasury portfolio and repo operations drove earnings, while the circulating supply of USDT rose to $184.6 billion, securing a market share of over 60% in the global stablecoin market. Even as the total crypto market capitalization fell 12.6%, Tether expanded its excess reserves to $4.11 billion and added 14 tonnes of physical gold, bringing total holdings to over 146 tonnes. Meanwhile, a study by the Bank of Italy showed that the cost of cross-border remittances using stablecoins is heavily influenced by fiat conversion costs and local payment infrastructure, and is not always cheaper than traditional remittance methods.
Half a Billion USDT Transferred from Binance to Tether Treasury
On-chain tracker Whale Alert recorded a transfer of exactly 500,000,000 USDT from Binance's hot wallet to a secure address belonging directly to Tether Treasury, as Bitcoin's price recovered to $65,000. The movement of such a large amount of stablecoins from an exchange to the issuer's treasury may signal various market dynamics, including potential redemption or reallocation of reserves. The transfer occurred amid rapidly changing sentiment in the cryptocurrency market.
Aave USDT Borrowings Surge by About 39 Billion Yen in One Week, Reaching 95.5% of Cap Even After Increase
At major DeFi lending platform Aave, borrowings of the stablecoin USDT jumped by roughly 239 million USDT, or about 39 billion yen, in one week, reaching approximately 400 billion yen. The USDT borrow balance in Aave V3 Core expanded from around 2.218 billion USDT on July 13 to about 2.457 billion USDT on July 20, hitting 95.5 percent of the borrow cap of 2.574 billion USDT that had just been raised on July 15. In response to this surge, risk management contributor LlamaRisk proposed on July 21 to further increase the borrow cap by 516 million USDT to 3.09 billion USDT. Behind the trend is the growth of trades that borrow USDT using Ethena's synthetic dollar USDe as collateral. The supply cap for USDe also reached 99.4 percent shortly after its increase on July 15, prompting another raise to 902 million USDe.
Stablecoins could bypass countries' capital controls, BIS says
The Bank for International Settlements has released research showing that dollar-pegged stablecoins are creating a new form of digital dollarisation in emerging markets that is largely unaffected by capital controls. An analysis of foreign currency deposits and dollar-pegged stablecoin inflows across more than 130 economies found that while both tend to rise during periods of macroeconomic stress, stablecoin inflows, unlike traditional bank deposits, showed little response to capital controls or foreign exchange regulations. The BIS explained that this is because stablecoins partly circulate outside the regulatory perimeter, and warned that in a tokenised financial system, rules designed for conventional banks and foreign currency deposits may become less effective. As adoption grows, policymakers may need new tools to maintain financial stability. The global stablecoin market capitalisation stands at roughly 309.7 billion dollars, up sharply from about 260 billion dollars a year earlier, with Tether and USD Coin accounting for more than 80 percent of the total.
US regulators miss GENIUS Act stablecoin rule deadline
US regulators missed the one-year deadline to finalize stablecoin rules under the GENIUS Act, leaving major issuers like Tether and Circle without the regulatory clarity the law was meant to provide. Treasury, the OCC, the Federal Reserve, the FDIC, and the NCUA all failed to submit final regulations for implementation. Tether, the world’s largest stablecoin issuer, remains in a legislative and regulatory gray zone as it considers launching a compliant stablecoin in the United States. The delay compounds confusion on Capitol Hill, where the pending Clarity Act is expected to address unintended loopholes in the GENIUS Act that currently allow exchanges like Coinbase to offer stablecoin yield while issuers cannot.
Revolut secures in-principle approval for crypto services in the UAE
Revolut announced on July 15 that it has received in-principle approval from Dubai's Virtual Assets Regulatory Authority for a crypto asset service provider licence in the UAE. The approval covers three areas: broker-dealer operations, management and investment operations, and exchange operations, with final authorisation subject to additional regulatory approvals. Services will be offered through the app and the standalone exchange Revolut X, enabling eligible UAE customers to buy, sell and hold digital assets under regulation. Revolut is expanding with a regulatory-first approach, having also obtained a payment services licence from the UAE Central Bank this year, and in March launched Revolut Bank UK after restrictions on its British banking licence were lifted. Meanwhile, it plans to stop supporting the stablecoin Tether in the European Economic Area and Switzerland from August, following a risk assessment under the EU's MiCA regulation. With over 75 million customers globally, including more than 16 million crypto users, the company is pursuing a licence-led expansion strategy, targeting well-regulated jurisdictions.
IMF warns dollar stablecoins amplify run risk in fixed exchange rate countries
The International Monetary Fund published a working paper on July 10 warning that dollar-denominated stablecoins could amplify runs during currency crises in countries with fixed or managed exchange rate regimes. The paper's author, economist Brandon Joel Tan, notes that while stablecoins help access dollars when banks and official exchange channels cannot meet demand, they may trigger selling of the domestic currency when the gap between the official rate and the market rate widens significantly. Model estimates show that the probability of a crisis rises from an average of 3.9 percent in a cash-only economy to 7.4 percent in an economy where stablecoins are widely adopted, and the impact on people's welfare turns negative once the gap exceeds a certain threshold, falling as much as minus 6.3 percent. As a real-world example, in Bolivia, which lifted its ban on crypto asset trading in 2024, Tether-denominated prices have become entrenched as a reference rate in the parallel market.
Netstars announced on July 13 the launch of Stablecoin Pay, a service that allows merchants to adopt multiple stablecoin payment options in a single package. It is the first service in Japan to enable the introduction and operation of multiple stablecoin payments through a single application, with a processing fee of 0.98 percent. The supported stablecoins are the yen-denominated JPYC and the US dollar-denominated USDC and USDT. The compatible blockchains are Solana and Polygon, and the MetaMask wallet can be used. Support for Aptos, Bitget Wallet, and imToken is planned for summer 2026 and beyond. Existing StarPay merchants at approximately 700,000 locations can continue using their current payment terminals, and sales and settlements can be managed in Japanese yen, eliminating the need to worry about exchange rate fluctuations or custody methods.
Bolivia reportedly considering adding USDT to its payment system
Bolivia's Minister of Economy and Public Finance, José Gabriel Espinosa, has said the country is exploring the possibility of integrating the stablecoin Tether into its domestic payment system. At a press conference on July 10, Espinosa noted that clear regulations are still lacking even after the ban on crypto asset trading was lifted, and explained that the goal is to bring the use of USDT to a more formal level. Amid a shortage of foreign currency, the use of USDT has surged in Bolivia since 2024, and if realized, this would become one of the most significant stablecoin adoption cases in Latin America. However, he cautioned that the country was added to the Financial Action Task Force's grey list in 2025, and a full-scale rollout would require a strict regulatory framework including anti-money laundering measures.
Bank of Thailand Tightens Stablecoin Monitoring in Crackdown on Grey Money
The Bank of Thailand is stepping up surveillance of stablecoins such as Tether as part of a crackdown on money laundering and illicit finance. Using data analytics, it is scrutinizing transactions with unusual volumes or frequencies, detecting those suspected of evading disclosure or bypassing regular remittance channels. Working with the Securities and Exchange Commission of Thailand, which directly oversees digital assets, Governor Vitai Ratanakorn said it is necessary to continuously pursue multiple strategies in parallel rather than seeking short-term solutions. Since April, cash withdrawals of five million baht or more have been subject to purpose verification, leading to a roughly 35 percent drop in large withdrawals, while monitoring of gold transactions has also been intensified. Recently, Thai authorities uncovered a romance scam money laundering network in which a single wallet processed over 122.5 million dollars through cross-chain swaps over a ten-month period.
Bitcoin Was Not an Investment but Living Infrastructure: The Current Situation in Mexico
The role of crypto assets varies greatly by country, and in Mexico they function as living infrastructure rather than an investment, according to an on-the-ground report by an XWin analyst. Mexico is one of the world's top remittance-receiving countries, with remittances reaching a record high of about 64.7 billion dollars in 2024 and remaining at a high level of about 61.8 billion dollars in 2025. For many citizens, remittances from the United States are a crucial pillar of living expenses, and stablecoins such as USDT and USDC are attracting attention as a means to send and receive dollar value quickly and cheaply via smartphone, even without a bank account. On the other hand, crypto assets are not recognized as legal tender, financial institutions face strict regulations, and challenges such as fraud, price volatility, and a lack of financial education remain.
Tether Invests $20 Million in Brazil's Mercado Bitcoin
Stablecoin issuer Tether announced on July 7 that it will invest $20 million in a strategic funding round for Mercado Bitcoin, one of Latin America's largest on-chain financial services platforms. Founded in 2013, Mercado Bitcoin now offers comprehensive financial services beyond a crypto asset exchange and has 4.5 million users. The company has issued over 2 billion reais in tokenized assets and holds more than 10 licenses in Brazil and Europe. The funds raised will be used to expand payment infrastructure, grow tokenized investment products, and strengthen lending capabilities. Tether CEO Paolo Ardoino said the mission is to build open, accessible, and efficient financial infrastructure.
USDT dominates payments while USDC leads in DeFi, Dune analysis highlights clear role split
A new report from on-chain analytics platform Dune reveals a sharp divergence in the roles of stablecoin market leaders USDT and USDC. USDT is overwhelmingly dominant as a payment and remittance infrastructure, with identifiable commercial settlement volume reaching approximately 95 billion dollars in the first half of 2026, accounting for about 92 percent of business-to-business payments. Meanwhile, USDC is strengthening its position as a DeFi backbone, recording a monthly transfer volume of roughly 2.6 trillion dollars on the Ethereum Layer 2 network Base in June, the highest ever for a single token on a single chain. USDC also holds about 67 percent share of Visa-adjusted transaction volume, surpassing USDT in real-demand on-chain transactions.
Circle's USDC now accounts for 70% of stablecoin transaction volume
Circle's USDC has pulled ahead of Tether in stablecoin transaction volume, now handling 70% of adjusted volume in the first quarter according to Visa data, while Tether's share has fallen to 25%. Overall stablecoin volume hit a record $1.79 trillion in June, up 63% month-over-month, with first-half volume reaching $8.82 trillion, exceeding all of 2024. The shift is attributed to the regulatory clarity from the GENIUS Act, which has boosted adoption of the highly regulated USDC, while Tether plans to expand more aggressively into the U.S. market. The broader stablecoin market is seeing an influx of new competitors, including a consortium of 140 companies launching Open USD, as payment giants and asset managers seek to capture a share of the rapidly growing sector.
Revolut to Phase Out USDT Handling in Line with MiCA Transition
European fintech major Revolut has notified customers that it will gradually phase out handling of the stablecoin USDT. New purchases will be possible until July 6, but deposits will no longer be accepted after July 30, and sales or withdrawals to external wallets will be allowed until August 31. After that, any USDT balances remaining in accounts will be automatically converted to fiat currency at market rates. Revolut explained the reason as regulatory and risk considerations, and the move is seen against the backdrop of restrictions on offering stablecoins from unlicensed issuers under the MiCA license the company obtained from the Cyprus Securities and Exchange Commission in November 2025. Tether's CEO has criticized the MiCA regulations, and USDT has a market capitalization of 184 billion dollars, ranking third among all crypto assets, while rival USD Coin stands at 73 billion dollars, ranking fifth. Major exchanges Binance, Kraken, and Coinbase have already been ending USDT handling in Europe sequentially since 2024, and Revolut's decision follows this trend. Japanese exchanges do not handle USDT, and due to the lack of a framework under the amended Payment Services Act, the direct impact is low, but it draws attention as part of a global trend toward tighter regulation.
Phemex July Proof of Reserves shows 127.77% average ratio across BTC, ETH, USDT, SOL
Phemex has released its July 2026 Proof of Reserves update, confirming that user liabilities remain fully backed across all covered currencies. The report recorded a 127.77% average reserve ratio across BTC, ETH, USDT and SOL, with each currency remaining above the 100% threshold. Individual ratios were 112.24% for BTC, 149.50% for ETH, 104.81% for USDT, and 144.54% for SOL. The exchange uses Merkle tree-based verification, allowing users to confirm their balances are included while keeping account details private. CEO Federico Variola stated that reserve transparency is part of the user experience and reflects the standard users should expect every month.
Bitget Wallet has launched the Bitget Wallet Card in South Asia, marking the card's first rollout in the region. Users can top up with USDT and USDC and spend globally at hundreds of millions of Mastercard acceptance locations, both online and in-store. The card offers up to 3% cashback on transactions, subject to a monthly limit, and can be applied for digitally through the Bitget Wallet app, with the virtual card added to a mobile wallet within minutes. The launch targets a region with high crypto adoption and growing demand for cross-border payments among freelancers, creators, and digitally connected businesses. The rollout is supported by Bitget Wallet's Onchain Payments Matrix, an infrastructure layer connecting wallets, stablecoins, card networks, and payment providers.
Tether's gold reserves hit $23 billion, now used as loan collateral
Tether's gold reserves have climbed to approximately 148 tonnes, worth roughly $23 billion as of January 31, according to Jefferies analysts. The holdings back both the USDT stablecoin and the XAUT token, placing Tether among the world's top 30 gold holders. Crypto lender Ledn has added support for XAUT and USDT, allowing users to hold Bitcoin and XAUT in transaction accounts and receive or repay loans in USDT or USAT. Later this year, users will be able to borrow against XAUT, with Tether stating that loan collateral will never be lent out for interest or used to fund the business.
Fed’s new stablecoin rules could make Circle the biggest winner
The Federal Reserve proposed new rules in mid-June requiring stablecoin issuers to verify customer identities before opening accounts or redeeming tokens, applying bank-style anti-money laundering standards. The tighter restrictions could strengthen Circle, issuer of USD Coin, by widening its regulatory moat against competitors like Tether, which is issued by Hong Kong-based iFinex and backed by an opaque mix of assets. Circle promotes USD Coin as a tightly regulated, US-centric stablecoin firmly backed by dollars and Treasuries, and the Fed’s proposal would make it even harder for Tether to challenge USD Coin in the U.S. market. Circle’s application for a U.S. bank charter was conditionally approved last December, and a clearer regulatory framework could support its evolution into a federally chartered bank. Analysts expect Circle’s revenue to nearly double from 2025 to 2028, with adjusted EBITDA more than doubling, and the company currently has an enterprise value of $15.9 billion.
Tether Acquires 4.6 Million More Rumble Shares for $36.2 Million
Tether Global Investments Fund has acquired an additional 4.6 million Class A common shares of Rumble for approximately $36.2 million through the exercise of pre-funded warrants. The shares were purchased indirectly via Tether Investments, S.A. de C.V., a wholly owned subsidiary, bringing Tether's total indirect holdings to about 141.9 million shares. This transaction represents 3.4% of the fund's indirect Rumble holdings at the time of purchase. Tether retains 154.4 million outstanding pre-funded warrants, allowing for further equity exposure. The company previously invested $775 million into Rumble at the end of 2024.
Truist lowered its price target on Shift4 Payments from $50 to $46 while maintaining a Hold rating, citing revised projections across core metrics but raising the adjusted earnings per share forecast to the low single digits. The firm expects a solid second quarter, supported by the ongoing World Cup event in North America. Separately, Shift4 announced that businesses can now accept Tether and settle in local currency through its Pay with Crypto solution, developed in partnership with Lydian, without merchants holding digital assets.
Angliabet Reports 15% Player Satisfaction Increase After Instant Withdrawal Rollout
Angliabet, a UK non Gamstop casino, has reported a 15% increase in player satisfaction scores following the full rollout of its instant withdrawal system. The system dispatches funds the moment a player clicks withdraw, with no processing delays or manual review queues. The 15% uplift reflects a shift from a previous 1–2 hour processing buffer, and the casino has also recorded a significant reduction in withdrawal-related support tickets, higher player retention rates, and increased repeat deposit frequency. Angliabet supports SEPA Instant Credit Transfers that typically arrive within 5 minutes and crypto payouts including USDT ERC-20 withdrawals arriving in 3 to 4 minutes and Bitcoin withdrawals dispatched instantly with blockchain confirmation times.