Stablecoin

Coinbase CEO Brian Armstrong said on June 13 that U.S. customers can now trade gold and silver futures 24/7 on Coinbase, extending crypto-style continuous access to precious metals. The contracts run through Coinbase Derivatives, and Coinbase says access is delivered via approved futures commission merchants and broker platforms, subject to eligibility and maintenance windows. Coinbase has also highlighted earlier launches for non-U.S. users and reported over $52 billion in Q1 2026 commodity futures notional volume on its derivatives venue.

Ripple CEO Brad Garlinghouse said on Fox Business on June 12, 2026 that JPMorgan CEO Jamie Dimon was misrepresenting what the Senate's CLARITY Act would do for compliance. He argued Dimon's stance is tied to protecting JPMorgan's payments business, which he described as about $20 billion in annual revenue and more than $5 billion in profit.

A transfer of over $4 billion in USDC into HyperEVM has put Hyperliquid’s liquidity trends in focus as stablecoin balances expand. USDC makes up more than 95% of Hyperliquid’s stablecoin supply and is up 20% this month, with over $6 billion deployed on HyperEVM versus $192 million in USDT. With perpetual futures open interest above $8 billion and ecosystem metrics climbing, the inflow is being watched as a potential catalyst for HYPE’s next phase of price discovery.

On June 11, a Tron (TRX) wallet received $120.2 million in USDT and then routed the funds across multiple destinations, including KuCoin-linked addresses, instant swap services, and cross-chain bridges. Parts of the flow rotated into Monero (XMR), which was up nearly 30% intraday at the time of the incident, while Tether later froze roughly $72 million but an estimated $48 million had already been repositioned.

MetaMask has expanded its Mastercard-backed crypto card across Latin America, adding support for 13 countries while the card remains available in Brazil and Argentina. The product automatically converts crypto from a user's wallet into local currency at checkout and offers 1% cashback paid in mUSD. The rollout follows MetaMask's 2024 pilot and a nationwide U.S. launch announced in February.

Coinbase said on June 12 it is preparing the next phase of its “Everything Exchange,” aiming to let users access crypto, stocks, ETFs, cash, perpetual futures, prediction markets, and rewards from a single account. The company highlighted goals including instant settlement and 24/7 availability, and said its roadmap covers nearly 10,000 stocks and ETFs. Coinbase added it plans to reveal the next phase on June 16.

On June 12, Abracadabra's algorithmic stablecoin MIM fell as low as $0.87 across multiple chains, slipping about 11% over 24 hours. Blockaid said the Arbitrum depeg was driven by thin, imbalanced pool liquidity rather than an exploit, with executable routes showing $0.91–$0.92. Abracadabra's June 11 governance proposal for a Curve MIM-2Pool gauge could improve liquidity, but any impact would come only after the vote and subsequent emissions.

On-chain trackers flagged a 75,000,000 USDT transfer leaving a Binance-associated wallet on Ethereum. The transaction (hash: 0x0b880…8abc7) moved funds to an external address, while the recipient and purpose remain unclear. Traders are watching the outflow as stablecoin reserve shifts can coincide with broader market repositioning.

Senate Banking Committee Chair Tim Scott said on June 11 that advancing the CLARITY Act is part of building consumer protections and reinforcing U.S. financial leadership, including through stablecoin regulation. He argued that stablecoins backed by dollars or U.S. Treasuries can increase demand for the dollar, while clearer crypto rules could improve payments and reduce transaction costs. The measure still needs Senate passage, reconciliation with the House version, final approval in both chambers, and the president’s signature before it can become law.

A Sky governance proposal posted on June 11 seeks to raise the LITE-PSM-USDC-A pre-minted DAI buffer and DC-IAM gap from 400 million to 800 million. The plan cites USDC reserves of 4.13 billion, up 108% since the October 7, 2024 recalibration, and would increase daily refresh capacity to 1.6 billion and serving capacity to 2.4 billion. The Core Facilitator team has cleared the change for an Executive Vote on June 12, but it still requires formal approval to take effect.