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What Happened in Crypto Today? – October 01: Huge Bitcoin and Stablecoin News


by Michael Juanico
for BlockNews
What Happened in Crypto Today? – October 01: Huge Bitcoin and Stablecoin News
  • Aptos is launching USD1 stablecoin with ecosystem tools to challenge Ethereum and Tron.
  • Tether added $1B in Bitcoin to its reserves while pushing USAT, a regulated stablecoin.
  • Visa is piloting stablecoin payments through Visa Direct, aiming for instant global transfers.

Crypto markets moved fast over the last 24 hours, with stablecoins stealing the spotlight. Big names made bold moves, new projects set ambitious targets, and payment giants tested real-world use cases. So, let us take a closer look at the three stories shaping today’s market.

Aptos Bets Big with USD1 Stablecoin

Aptos has joined forces with World Liberty Financial, a firm linked to the Trump family, to launch the USD1 stablecoin on October 6. Backed by immediate support from DeFi protocols and exchanges, the project is looking to shake up the dominance of Ethereum and Tron in the stablecoin arena. With $60 billion in monthly volume already coursing through the Aptos network, the foundation for growth is firmly in place.

This is not just another stablecoin launch. Aptos is rolling out complementary products like the Decibel decentralized exchange and Shelby storage system, both designed to strengthen the ecosystem. If the plan works, Aptos could quickly rise from a challenger chain into a major player in the next phase of stablecoin adoption.

Tether Expands Power with $1B Bitcoin Buy

Tether boosted its reserves with a massive purchase of 8,889 BTC, worth around $1 billion, bringing its total Bitcoin holdings to $9.7 billion. This move comes as USDT supply surged to $174.6 billion in Q3, up more than 10 percent, ensuring its status as the heavyweight of stablecoins. 

At the same time, Tether is pushing into the United States with the upcoming USAT, a regulated stablecoin designed to meet federal standards. By bolstering reserves with Bitcoin while moving into compliant territory, Tether is signaling that it plans to dominate both sides of the market: the decentralized frontier and the regulated financial core.

Visa Direct Pushes Stablecoins into Payments

Visa unveiled a new pilot that could change the way banks move money across borders. By integrating USDC and EURC into its Visa Direct system, banks can use stablecoins as direct cash equivalents, unlocking near-instant global payouts. This allows treasuries to move capital anytime, avoid currency slippage, and tap into liquidity with greater efficiency.

The pilot comes on the heels of Swift’s blockchain settlement trials, highlighting that the old guard of payments is rapidly embracing digital rails. If Visa scales this solution globally, it could cement stablecoins as a central pillar in international finance rather than a niche tool of crypto markets.

Final Thoughts

Overall, stablecoins dominated the headlines, from Aptos throwing down a challenge to Tether reinforcing its empire and Visa pulling traditional banks deeper into blockchain payments. Together, these moves show how digital dollars are no longer just crypto’s sidekick but are evolving into the backbone of the next financial era. The coming weeks will reveal who turns momentum into lasting market power.

The post What Happened in Crypto Today? – October 01: Huge Bitcoin and Stablecoin News first appeared on BlockNews.

Read the article at BlockNews

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What Happened in Crypto Today? – October 01: Huge Bitcoin and Stablecoin News


by Michael Juanico
for BlockNews
What Happened in Crypto Today? – October 01: Huge Bitcoin and Stablecoin News
  • Aptos is launching USD1 stablecoin with ecosystem tools to challenge Ethereum and Tron.
  • Tether added $1B in Bitcoin to its reserves while pushing USAT, a regulated stablecoin.
  • Visa is piloting stablecoin payments through Visa Direct, aiming for instant global transfers.

Crypto markets moved fast over the last 24 hours, with stablecoins stealing the spotlight. Big names made bold moves, new projects set ambitious targets, and payment giants tested real-world use cases. So, let us take a closer look at the three stories shaping today’s market.

Aptos Bets Big with USD1 Stablecoin

Aptos has joined forces with World Liberty Financial, a firm linked to the Trump family, to launch the USD1 stablecoin on October 6. Backed by immediate support from DeFi protocols and exchanges, the project is looking to shake up the dominance of Ethereum and Tron in the stablecoin arena. With $60 billion in monthly volume already coursing through the Aptos network, the foundation for growth is firmly in place.

This is not just another stablecoin launch. Aptos is rolling out complementary products like the Decibel decentralized exchange and Shelby storage system, both designed to strengthen the ecosystem. If the plan works, Aptos could quickly rise from a challenger chain into a major player in the next phase of stablecoin adoption.

Tether Expands Power with $1B Bitcoin Buy

Tether boosted its reserves with a massive purchase of 8,889 BTC, worth around $1 billion, bringing its total Bitcoin holdings to $9.7 billion. This move comes as USDT supply surged to $174.6 billion in Q3, up more than 10 percent, ensuring its status as the heavyweight of stablecoins. 

At the same time, Tether is pushing into the United States with the upcoming USAT, a regulated stablecoin designed to meet federal standards. By bolstering reserves with Bitcoin while moving into compliant territory, Tether is signaling that it plans to dominate both sides of the market: the decentralized frontier and the regulated financial core.

Visa Direct Pushes Stablecoins into Payments

Visa unveiled a new pilot that could change the way banks move money across borders. By integrating USDC and EURC into its Visa Direct system, banks can use stablecoins as direct cash equivalents, unlocking near-instant global payouts. This allows treasuries to move capital anytime, avoid currency slippage, and tap into liquidity with greater efficiency.

The pilot comes on the heels of Swift’s blockchain settlement trials, highlighting that the old guard of payments is rapidly embracing digital rails. If Visa scales this solution globally, it could cement stablecoins as a central pillar in international finance rather than a niche tool of crypto markets.

Final Thoughts

Overall, stablecoins dominated the headlines, from Aptos throwing down a challenge to Tether reinforcing its empire and Visa pulling traditional banks deeper into blockchain payments. Together, these moves show how digital dollars are no longer just crypto’s sidekick but are evolving into the backbone of the next financial era. The coming weeks will reveal who turns momentum into lasting market power.

The post What Happened in Crypto Today? – October 01: Huge Bitcoin and Stablecoin News first appeared on BlockNews.

Read the article at BlockNews

Read More

Why is Zcash Pumping Today: Here is What Happened

Why is Zcash Pumping Today: Here is What Happened

Zcash surged to over $98 on Wednesday morning, marking its highest level in more than...
Cardano ADA Could Flip Ethereum With Bitcoin’s Help: Here is How

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