News Roundup — Tether Unveils USAT Stablecoin for U.S. Market

Major news stories this week:

1. Tether Unveils USAT Stablecoin for U.S. Market
2. Bitcoin ETFs Record Fourth Consecutive Day of Inflows, Adding $550M
3. UK Trade Groups Urge Government to Include Blockchain in US Tech Cooperation
4. Russia to Allow Investment Funds to Buy Crypto Derivatives
5. BBVA Partnership With Ripple May Boost XRP Adoption

Story Summaries:

1. Tether is entering the U.S. stablecoin market with the launch of USAT, a dollar-pegged asset issued in partnership with Anchorage Digital. Designed for compliance with the GENIUS Act, the initiative brings in Bo Hines as CEO of Tether's new U.S. division and positions the company to challenge existing players like Circle and Paxos.
2. U.S. spot Bitcoin ETFs saw over $550 million in net inflows last Thursday, marking the fourth straight day of gains. This surge reflects renewed optimism from institutional investors amid speculation of a rate cut by the U.S. Federal Reserve.
3. Major UK financial trade groups are calling on the government to prioritize blockchain and digital assets in its tech collaboration with the U.S. Key proposals include a transatlantic stablecoin corridor and increased liquidity between the two markets — aiming to keep the UK competitive globally.
4. Russia’s central bank plans to authorize investment funds to trade crypto derivatives under an “experimental legal regime.” The initiative would expand institutional access to digital assets, though only for “highly qualified” investors meeting steep wealth thresholds.
5. Spanish banking giant BBVA has integrated Ripple’s custody tech into its retail crypto platform, enabling direct bank-grade custody of Bitcoin and Ethereum. The move strengthens Ripple’s institutional footprint in Europe and may drive broader XRP adoption.

And that’s all for last week’s news! Wishing you a great week ahead!

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