
Hyundai Card's stablecoin payment pilot on Avalanche completed a $20,000 cross-border transfer between its U.S. and Mexico units in about seven minutes. Hyundai Motor America converted USD to USDT and sent it directly to Hyundai Motor Mexico. Backed by Tether, Avalanche, and Axiym, the project has Hyundai handling compliance and settlement design. A company executive says the next step is proving the model works reliably at scale, though no full rollout timeline or commercial deployment has been announced.
17 hours ago

Column has rolled out four financial infrastructure products spanning stablecoins, card issuing, global banking, and multicurrency accounts, giving fintech companies access to all of them through a single banking platform. Its stablecoin infrastructure enables instant conversion between USDC, USDT, and USD, with round-the-clock connectivity to domestic and international payment rails without intermediaries. Column built its own issuance processing system, combining banking, processing, and funding capabilities into one integration. Co-founder William Hockey says these products already move billions of dollars for major fintechs like Ramp, Brex, and Mercury. The move comes as stablecoins become increasingly embedded in payments and banking.
19 hours ago

Hyundai Card is considering expanding its stablecoin-based cross-border payment pilot on Avalanche after a successful trial. The test involved moving about $20,000 from Hyundai Motor America to its Mexico operations, converting funds to Tether's USDT, transferring via Avalanche, and converting back to dollars—taking roughly seven minutes versus the three to four hours typical of traditional banking. A Hyundai Card payments executive said the next step is proving the model can work at scale, with no timeline yet for group-wide deployment or full commercialization.
2026-09-16

COOL coin has rapidly evolved from an Arc community joke into an actively traded meme asset, surging over 200% in 24 hours and listing on MEXC spot and 20x leveraged perpetuals. The article stresses that COOL is not USDC and has no affiliation with Circle or Arc — it borrows USDC's cultural recognition but has no stablecoin reserves or redemption rights. The project is named 'usdc is cool' with ticker COOL and a total supply of 1 billion tokens. Traders are urged to verify the contract address, and the piece notes that its price is driven purely by demand and speculation, making it highly risky.
2026-09-16

Binance will delist four USDC spot trading pairs—BREV/USDC, COOKIE/USDC, LA/USDC, and QNT/USDC—on September 18 at 03:00 UTC. The exchange cited routine market reviews, pointing to insufficient liquidity and low trading volume. The delisting affects only the pairs, not the tokens themselves, so users can still trade them via other pairs such as USDT markets. Spot trading bots tied to the affected pairs will also be terminated at the same time.
2026-09-16

A Singapore court sentenced six Malaysian men to prison for an armed robbery at a high-stakes poker game in King Albert Park on April 18, 2024, where about S$4.9 million in cryptocurrency, cash, and luxury goods was stolen. Two ringleaders received 12 years and 11 months plus caning. Prosecutors said roughly S$3.6 million of the stolen crypto belonged to a female host; police recovered about S$1.69 million, leaving some S$3.21 million outstanding. One defendant helped recover about 800,000 USDT, and another suspect remains at large.
2026-09-16

Fin.com has raised $20 million in seed funding led by Expa and Uber co-founder Garrett Camp, with participation from Coinbase Ventures and Tenet Fund. Based in New York, the company builds stablecoin payment infrastructure that lets businesses convert stablecoins into local bank accounts and digital wallets across South Asia, Africa, and the Middle East. Its platform supports over 40 currencies and payment networks in more than 30 countries, settling in USDC and USDT while connecting to local rails like ACH, SEPA, PIX, UPI, and M-Pesa.
2026-09-15

Poland's state-owned energy group Orlen is facing a $378 million criminal claim over three failed Venezuelan crude contracts in 2023. Its Swiss trading subsidiary OTS prepaid about $230 million through Dubai intermediary Hannon International, with much of the money converted into Tether's USDT in an attempt to complete payment inside Venezuela. On August 7, Polish prosecutors charged three former Orlen executives, alleging their decisions caused losses of about 1.5 billion zloty and carrying a maximum sentence of 25 years. The investigation also involves another $100 million that flowed to Horizon Global, while Venezuelan state oil company PDVSA never received the expected funds.
2026-09-15

The U.S. Department of Justice has filed a civil forfeiture action in the Southern District of New York seeking to seize roughly 61.2 million USDT frozen across 10 TRON addresses, alleging the funds are tied to sanctioned Iranian oil sold on the black market and may have flowed to the Iranian government and the Islamic Revolutionary Guard Corps. Prosecutors say the wallet network moved over $1.5 billion. Tether has frozen all targeted wallets, and a September 14 seizure warrant authorizes the FBI to transfer the assets to government-controlled hardware wallets. The case targets the assets themselves, and the allegations remain unproven until a court ruling.
2026-09-15

Singapore has begun auctioning assets tied to a money laundering case worth about $2.37 billion. The first batch of 624 confiscated luxury items—338 handbags and accessories plus 286 pieces of jewelry—opened for online bidding on September 7, 2026, with estimates totaling roughly S$2.9 million to S$3.9 million. Deloitte Singapore commissioned Hotlotz to run the auction, which is split into 15 sales through May 2027. Global buyers can register but must pass identity checks, and bidding is online only. Court records and police investigations show some individuals in the case were linked to USDT transactions and illegal gambling proceeds.
2026-09-12