- Tether launches USAT, a U.S.-based stablecoin designed to comply with the GENIUS Act.
- Gemini IPO raises $425M, valuing the exchange at $3.33B with Nasdaq investing $50M.
- 92 crypto ETF applications pending at the SEC, while new funds from REX and Osprey roll out.
- Altcoin season signals strengthen, with ETH, ADA, and XRP showing recovery momentum.
The cryptocurrency seems to be entering a new phase every now and then. It is no longer the simple Bitcoin and a few coins we knew a decade ago. Recently, there have been more regulations than before, more institutional backing, and massive altcoin price activity, among others.
This weekend, there is so much happening in the crypto space, starting from Tether’s new U.S. stablecoin, Gemini’s successful IPO, ETF approvals, and rising altcoin strength. The signals point to growing maturity in the sector. Below are some of the top headlines today.
Tether Unveils “USAT” Stablecoin in the U.S.
Tether, the issuer of the world’s largest stablecoin USDT, has announced plans for a U.S.-based stablecoin called USAT. Unlike USDT, which is classified as foreign under certain regulations, USAT will be issued through Anchorage Digital Bank and designed to comply fully with the GENIUS Act, the U.S.’s new framework for stablecoins.
The launch underscores the stablecoin sector’s evolution toward compliance and mainstream adoption. While USAT will not initially offer yield, its positioning in the U.S. market could put pressure on competitors and open the door for wider integration into regulated payment systems.
Gemini IPO Draws Strong Demand
Crypto exchange Gemini has successfully completed its public listing, raising $425 million and achieving a market valuation of $3.33 billion. The IPO was priced above its expected range, signaling robust investor demand.
In a further sign of traditional finance embracing crypto infrastructure, Nasdaq invested $50 million as part of the deal. This move highlights the deepening connections between Wall Street and digital asset platforms, as institutional players continue to seek exposure to the fast-growing sector.
ETF Momentum Builds Despite SEC Delays
While the U.S. Securities and Exchange Commission (SEC) has slowed decisions on some high-profile filings, the pipeline for crypto exchange-traded funds (ETFs) is expanding rapidly. A wave of products from issuers like REX and Osprey are set to launch, covering tokens such as Bitcoin, XRP, Dogecoin, and Trump Coin.
In total, 92 crypto ETF applications are currently awaiting SEC approval. This momentum reflects a growing appetite among asset managers to package digital assets into regulated, accessible investment vehicles for retail and institutional investors alike.
Altcoin Season Indicators Flashing Green
Beyond the headlines on regulation and institutional moves, market activity suggests a potential shift into altcoin season. The Altcoin Season Index, which tracks whether altcoins are outperforming Bitcoin, is approaching high levels, supported by rising volumes and strong community-driven rallies.
Ethereum (ETH), Cardano (ADA), and XRP are among the tokens showing signs of recovery from oversold conditions, with technical analysts pointing to potential breakouts if macro conditions remain favorable.
Stablecoin innovation, ETF approvals, and strong demand for exchange infrastructure all signal that digital assets are moving further into the financial mainstream.