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November 15, 2026

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Three Crypto Positions Can Spend the Same Risk Budget Three Times

A trading screen shows three open positions, each carrying a planned loss of 40 USDT. Beside an account balance of 4,000 USDT, each line appears to risk just…

Elena Petrova
Elena Petrova
Regulation Correspondent · 10 hours ago · 5 mins read
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STNews Editorial
STNews Editorial

STNews Editorial is the in-house newsroom of STNews, reporting on stablecoins, real-world assets (RWA)…

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Tether Signs Exploratory MoU With Kazakhstan's Central Bank on Tenge Stablecoin
Morning Brief · 7AM UTC
  1. 01

    ESMA Gives EU Crypto Firms Three Months to Exit Non-MiCA Stablecoins

    ESMA's October 8, 2026 opinion tells EU crypto firms to stop serving non-MiCA stablecoins…

  2. 02

    Kraken Wins Full Dubai VARA License, Clearing UAE Launch With Dirham Trading

    Kraken parent Payward secured a full VARA license from Dubai, issued Oct. 6 and…

  3. 03

    Ethereum Leads Crypto Liquidation Flush as Market Sells Off

    A crypto selloff near Oct 9, 2026 drove over $1B in 24-hour liquidations, with…

  4. 04

    Bitcoin Nears $87,000 After Weak September Jobs Report, Then Retreats Below $82K

    Bitcoin briefly tapped about $87,229 on Oct 2, 2026 after US payrolls rose just…

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U
USDT
Tether
Cadence
Quarterly
Last
Q1 2026 · Apr 30
Next
Q2 2026 · Jul 31

Cash + T-Bills 84% · Other 16%

U
USDC
Circle
Cadence
Monthly
Last
Apr 2026 · May 14
Next
May 2026 · Jun 14

T-Bills + Cash 100%

U
USDP
Paxos
Cadence
Monthly
Last
Apr 2026 · May 10
Next
May 2026 · Jun 10

Cash + T-Bills 100%

D
DAI
Sky (MKR)
Cadence
On-chain
Last
Real-time
Next
Continuous

RWA 38% · USDC 22% · ETH 18% · Other 22%

F
FRAX
Frax
Cadence
On-chain
Last
Real-time
Next
Continuous

USDC + sFRAX backed

Tokenized Treasuries

Top RWA products by AUM · on-chain US Treasuries & MMF

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# Product Issuer AUM Yield Chains
1 BUIDL BlackRock + Securitize $2.34B 4.92% Ethereum, Polygon, Arbitrum
2 OUSG Ondo Finance $680M 4.81% Ethereum, Solana, Sui
3 FOBXX Franklin Templeton $540M 4.75% Stellar, Polygon, Avalanche
4 USDY Ondo Finance $510M 4.85% Ethereum, Solana, Mantle
5 BENJI Franklin Templeton $420M 4.78% Stellar, Base
6 TBILL OpenEden $210M 4.90% Ethereum, XRPL
7 USTB Superstate $180M 4.88% Ethereum
8 JTRSY Backed Finance $95M 4.65% Ethereum, Base, Arbitrum
9 TFUND Hashnote $78M 4.83% Ethereum
10 USYC Hashnote $55M 4.92% Ethereum, Canton

AUM and yield figures curated weekly. Sources: rwa.xyz, DefiLlama, issuer disclosures.

Stablecoin Market

Top 10 by market cap · Live · DefiLlama

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