The Daily Peg
Tether launches its own self-custodial wallet service as it moves to increase financial inclusion. Plus, the GENIUS Act wiped $300bn off financial stocks when it passed.
In today’s Daily Peg … Tether turns out to have an in-house economics team — and it’s hiring. Meanwhile, the International Monetary Fund has crunched the numbers on the market impact of the GENIUS Act. And a thank you to Marieke Flament and Nicolas Colin from Currency of Power for the nice shout out on Linkedin.
Quick reminder: The Peg’s stablecoin calendar is live at this link. It’s your go-to for upcoming events and key dates — if you’d like us to feature yours, just reach out directly to izabella@thepeg.co.
Industry news
Fireblocks Launches Onchain Lending ‘Earn’ Feature To Unlock Stablecoin Yield For Institutions
“Through Earn, institutions can supply stablecoin balances to two leading lending protocols. Morpho is the universal lending network trusted by the world’s largest institutions, fintechs and banks, powering curated strategies from institutions like Sentora. Aave is the leading lending protocol representing roughly 60% of market activity and powering the majority of stablecoin borrowing, enabling institutions to access deep, onchain liquidity to optimize capital efficiency. Both are accessible natively within the Fireblocks environment, introducing institutional security and governance controls for DeFi lending operations.”
Fireblocks, press release, April 15
Tether Launches Multi-Asset Wallet Supporting USDT, Bitcoin And Gold Tokens
https://decrypt.co/364334/stablecoin-giant-tether-launches-wallet-usdt-bitcoin-gold-tokens
Societe Generale Expands USD Stablecoin Access To Millions Of Crypto MetaMask Wallet Users
https://www.bloomberg.com/news/articles/2026-04-15/socgen-takes-usd-stablecoin-to-millions-of-crypto-wallet-users
https://www.theblock.co/post/397490/societe-generale-adds-stablecoin-metamask?
“The USD CoinVertible integration will allow MetaMask users to convert fiat currency into the stablecoin and then trade crypto assets as well as pay blockchain transaction fees, with the aim of boosting its utility.”
Bloomberg, April 15
Visa Launches Tempo Validator Node To Support Stablecoin Infrastructure
https://finance.yahoo.com/markets/crypto/articles/visa-launches-tempo-validator-node-161700303.html
Circle Explores Network Upgrade And Proof-Of-Stake Transition Strategy
https://decrypt.co/364295/circle-exploring-arc-network-token-proof-stake-shift-ceo
Paxos Raises $12 Million To Expand Onchain Financial Products
https://www.theblock.co/post/397348/paxos-labs-raises-12-million-amplify-onchain-financial-products?
Iran crisis
Iranian Regime Leverages Cryptocurrency Including Stablecoins For Sanctions Evasion
https://www.zerohedge.com/crypto/iranian-regimes-crypto-shadow-arsenal
“For ordinary Iranians—roughly one in six of the population—crypto served as a vital lifeline. Facing relentless rial depreciation (down nearly 90 percent since 2018), chronic inflation of 40 to 50 percent, and frequent power blackouts or internet shutdowns during protests, citizens turned to Bitcoin and stablecoins like U.S. dollar-pegged stablecoins (USDT) on the Tron network to hedge savings, facilitate remittances, and move value when traditional banking failed. Spikes in Bitcoin withdrawals to personal wallets often coincided with domestic unrest and regional conflicts.”
Tamuz Itai, via Zerohedge
