Fiat-Pegged Cryptocurrency

Binance plans to move its primary user protection fund from stablecoins into Bitcoin within the next 30 days, marking a major shift in how the exchange backs emergency safeguards. The transition will convert the Secure Asset Fund for Users (SAFU) entirely into Bitcoin, reflecting what company leadership describes as long-term confidence in Bitcoin’s role in the digital economy. Critics and industry observers warn that increased exposure to Bitcoin’s price volatility could weaken user protections during periods of market stress.

Tether has introduced USAt, a new U.S. dollar–backed stablecoin designed to comply with U.S. federal regulations. The token marks Tether’s first effort to issue a stablecoin specifically for domestic use under a new legal framework. Additionally, the initial exchange listings represent its first public rollout.

Saga, a Layer-1 blockchain protocol, has paused its Ethereum-compatible SagaEVM chainlet after a $7 million exploit triggered unauthorized fund transfers. The attack involved assets being bridged out of the network and swapped into Ether. Although the affected chainlet remains offline, Saga says the broader network continues to operate normally.

At the brink of chaos, RLUSD emerges, a fragile crypto star. Ripple anticipates scarcity and excitement, while traders are betting insane amounts on this still uncertain promise.

The USDC lost its peg to the dollar yesterday. Instead of trading at 1 dollar, this stablecoin from Circle saw its value drop to an alarming level on Binance. This created a situation of panic within the crypto community.