Stablecoins See a $2.23 Billion Decline in One Month as the Senate Advances a Bill
2026-08-09 08:01:03
According to CoinMeta, Litecoin miner Jiang Zhuoer stated that stablecoins have seen a reduction of $2.23 billion in the past month, with no signs of a bull market. Additionally, the exchange rate of the RMB against the USD has reached its highest level in over three years. The U.S. Senate has submitted a bill to end debate and move on to a full vote. In 2026, there were 276 theft incidents in the crypto sector, resulting in total losses of $1.2 billion. The Senate also passed a temporary funding bill, and the House of Representatives needs to coordinate to prevent a government shutdown on October 1st. The Brazilian Central Bank has requested exchanges to delay processing cross-border cryptocurrency transfers exceeding $10,000, while the EU plans to revise the framework for MICA to adjust the entry rules for non-EU stablecoin issuers.
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Source:Internet
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