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Stablecoin headlines were BOOMING this week 🚨
- Tether CEO slams S&P downgrade as “finance propaganda,” reporting $181B in assets and no major redemptions despite scrutiny
- Paxos acquires Fordefi in a $100M+ deal to expand institutional infrastructure behind PYUSD and USDG stablecoins
- U.S. Bank pilots programmable stablecoin issuance on Stellar with built-in compliance and unwind controls
- Klarna to launch KlarnaUSD on Stripe’s Bridge to cut $120B in annual cross-border payment costs
- MegaETH’s USDm pre-deposit round hits its $250M cap in under three minutes amid expansion setbacks
Here’s EVERYTHING you need to know: