Visa Launches Internal Stablecoin Platform, Adds Access to OUSD
Visa is rolling out the Visa Stablecoin Platform, an internal system letting banks and fintechs handle stablecoins within their existing Visa payment and treasury workflows.
Visa already supports Circle's USDC and Paxos' USDG, and the new platform will serve as an umbrella for all of Visa's stablecoin services going forward.
Mastercard has also introduced stablecoin settlement for card transactions, starting with six regulated dollar-backed assets, and both Mastercard and American Express have joined the Open Standard consortium behind OUSD.
Visa is rolling out the Visa Stablecoin Platform, an internal system letting banks and fintechs handle stablecoins within their existing Visa payment and treasury workflows.
The platform will launch with OUSD (Open Standard USD), the new stablecoin backed by 140+ companies including Visa, Stripe, Mastercard, BlackRock, and Coinbase, widely seen as a potential rival to Circle's USDC. Businesses will be able to mint and redeem OUSD without fees or volume limits.
Visa already supports Circle's USDC and Paxos' USDG, and the new platform will serve as an umbrella for all of Visa's stablecoin services going forward.
Mastercard has also introduced stablecoin settlement for card transactions, starting with six regulated dollar-backed assets, and both Mastercard and American Express have joined the Open Standard consortium behind OUSD.
Citadel Securities Invests $400M in Crypto.com
Citadel Securities has made a $400M strategic investment in Crypto.com at a $20B valuation — the exchange’s first institutional funding round in its decade-long history.
Citadel Securities has made a $400M strategic investment in Crypto.com at a $20B valuation — the exchange’s first institutional funding round in its decade-long history.
The capital will accelerate Crypto.com’s expansion into all asset classes — tokenized securities and derivatives — bridging digital assets with mainstream finance. “Crypto increasingly becomes the rails for finance,” said CEO Kris Marszalek. For Wall Street market-making giant Citadel Securities, it’s another deep step into crypto as TradFi and digital-asset rails converge.
USDT's U.S. Market Access Hinges on 2028 GENIUS Deadline
Tether's USDT is now on a two-year countdown to meet GENIUS Act requirements or risk losing eligibility for listing on U.S. centralized exchanges.
The foreign stablecoin issuers like Tether may have until July 2028 to comply with the law, which could require OCC registration, adherence to U.S. freeze-and-seizure orders, and changes to USDT's reserve composition.
CEO Paolo Ardoino pledged compliance when the law was signed, and Tether has since launched USAT, a U.S.-focused stablecoin issued through Anchorage Digital, though adoption remains limited so far.
Tether's USDT is now on a two-year countdown to meet GENIUS Act requirements or risk losing eligibility for listing on U.S. centralized exchanges.
The foreign stablecoin issuers like Tether may have until July 2028 to comply with the law, which could require OCC registration, adherence to U.S. freeze-and-seizure orders, and changes to USDT's reserve composition.
The GENIUS Act, signed into law a year ago, mandates that stablecoin issuers be fully backed by highly liquid assets — essentially cash and U.S. Treasuries. Tether's latest disclosures show roughly a quarter of USDT's reserves are still tied up in assets that wouldn't meet that standard, including precious metals, lending positions, and bitcoin holdings.
CEO Paolo Ardoino pledged compliance when the law was signed, and Tether has since launched USAT, a U.S.-focused stablecoin issued through Anchorage Digital, though adoption remains limited so far.
Binance & Bybit See $2.3B in Stablecoin Outflows Over 30 Days
Stablecoin reserves on two of the largest exchanges have dropped sharply, pointing to shrinking liquidity as BTC remains stuck near key support.
Darkfost points to declining exchange stablecoin reserves as a sign that fresh liquidity simply isn't entering the market, a trend that's been consistent since the start of the year, with outflows persistently outpacing inflows.
Stablecoin reserves on two of the largest exchanges have dropped sharply, pointing to shrinking liquidity as BTC remains stuck near key support.
According to CryptoQuant analyst Darkfost, Binance's stablecoin reserves fell by roughly $1.55 billion over the past 30 days, while Bybit saw approximately $786 million in outflows, bringing the combined decline to nearly $2.3 billion across both platforms. The exact destination of these funds remains unconfirmed, though possible factors include MiCA-related user migration in Europe, weaker fresh capital inflows, and stablecoins moving into self-custody or onchain yield products.
Darkfost points to declining exchange stablecoin reserves as a sign that fresh liquidity simply isn't entering the market, a trend that's been consistent since the start of the year, with outflows persistently outpacing inflows.
Hashflow’s Website Goes Down, Raising Red Flags
Hashflow’s website is currently unreachable, and its HFT token sits near an all-time low of ~$0.0076 — months after Binance put the token under a delisting-risk monitoring tag.
Hashflow’s website is currently unreachable, and its HFT token sits near an all-time low of ~$0.0076 — months after Binance put the token under a delisting-risk monitoring tag.
Community members warn that a Discord link tied to Hashflow’s socials leads to a fake server and a wallet-draining phishing page mimicking collab.land, and claim the founders’ LinkedIn profiles were deleted. None of this is confirmed by the team or by security firms.
Until there’s an official statement, treat it as high-risk: do not connect your wallet to any “Hashflow” verification link, and revoke approvals to old Hashflow contracts.
Exchange Winners & Losers: 30-Day Asset Flows
Bitget and OKX led every exchange in net inflows over the past 30 days, adding +$677M and +$420M. Binance and Bybit went the other way, shedding $1.65B and $416M.
Across all CEXs, $2.09B left the books on net this month. 42 exchanges saw outflows, only 23 saw inflows. Most exchanges lost assets this month. A handful didn't.
Bitget and OKX led every exchange in net inflows over the past 30 days, adding +$677M and +$420M. Binance and Bybit went the other way, shedding $1.65B and $416M.
Across all CEXs, $2.09B left the books on net this month. 42 exchanges saw outflows, only 23 saw inflows. Most exchanges lost assets this month. A handful didn't.
BitMEX Is Shutting Down on September 23
BitMEX, the exchange that pioneered the crypto perpetual swap, will cease all operations on September 23, 2026, following a strategic review by parent HDR Global Trading.
Launched in 2014 and built around Bitcoin, BitMEX defined an era of crypto leverage before a 2021 US settlement and years of fading volume. Its shutdown closes one of the industry’s original venues for good.
BitMEX, the exchange that pioneered the crypto perpetual swap, will cease all operations on September 23, 2026, following a strategic review by parent HDR Global Trading.
New sign-ups are already closed. From August 26, users can only reduce positions, and anything still open at shutdown will be force-liquidated. KYC-verified users must withdraw beforehand or face a monthly account fee of $50 or 1% of the balance.
Launched in 2014 and built around Bitcoin, BitMEX defined an era of crypto leverage before a 2021 US settlement and years of fading volume. Its shutdown closes one of the industry’s original venues for good.
BitMEX Hit With $40M Lawsuit Over 623 BTC
BKX Services and investor David Namdar have accused BitMEX of misappropriating 623 BTC (about $40M), alleging the exchange forcibly liquidated their positions and swept the remaining funds into its insurance fund.
BKX Services and investor David Namdar have accused BitMEX of misappropriating 623 BTC (about $40M), alleging the exchange forcibly liquidated their positions and swept the remaining funds into its insurance fund.
The lawsuit was filed in a New York court on the same day that BitMEX announced its upcoming shutdown.
1inch Launches Aqua, a Shared Liquidity Protocol
1inch has launched Aqua, which it calls the first "shared liquidity protocol" — a design that effectively turns a user's own wallet into a self-custodial AMM.
Instead of locking funds into pool contracts, a single wallet balance can back many DeFi strategies at once. Liquidity is pulled atomically only at the moment a trade executes, so the same capital can be reused across strategies simultaneously.
Aqua is a separate protocol from the 1inch aggregator, and no 1INCH token mechanic has been tied to it.
1inch has launched Aqua, which it calls the first "shared liquidity protocol" — a design that effectively turns a user's own wallet into a self-custodial AMM.
Instead of locking funds into pool contracts, a single wallet balance can back many DeFi strategies at once. Liquidity is pulled atomically only at the moment a trade executes, so the same capital can be reused across strategies simultaneously.
"Aqua solves liquidity fragmentation for market makers by multiplying effective capital. From now on, the only limit to your capital efficiency is your strategy," said 1inch co-founder Anton Bukov. Built on the SwapVM protocol, Aqua aims to do for makers what 1inch's 2019 aggregator did for takers.
Aqua is a separate protocol from the 1inch aggregator, and no 1INCH token mechanic has been tied to it.