msUSD Depegs 71% As Accountable Ends Proof Of Reserves
Main Street USD crashed 71% to $0.29 after Accountable cut its proof-of-reserves feed. The msY market on Morpho lost its anchor too.
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$25B Threshold: New York Rule Bans Stablecoin Yield
New York’s NYDFS proposed a stablecoin rule banning issuer interest and rehypothecation. What the $25B threshold means for your USDC and Aave yield.
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apxUSD Hits $0.93, Apyx Says Depeg Is A Feature
Apyx’s apxUSD slipped to $0.93 as Bitcoin fell and STRC dipped below par. The protocol calls the depeg a feature. Here is the equity risk behind the yield.
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FDIC’s GENIUS Act Rule Bars Direct Yield Claims, Opens 60-Day Comment
The FDIC voted Tuesday to propose a 191-page stablecoin issuer rule under the GENIUS Act, restricting direct yield claims and opening 60 days for 144 questions.
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90% Odds On CLARITY Act After Third White House Yield Meeting
Ripple’s Garlinghouse pegged CLARITY Act passage odds at 90% after a third White House meeting on stablecoin yield. Polymarket sits at 72%, sources at 25-60%.
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$2.8M StablR Multisig Exploit Pushes EURR, USDR Off Peg
A 1-of-3 multisig compromise drained $2.8M from StablR by minting 8.35M USDR and 4.5M EURR. EURR fell 23%, USDR fell 30%. Both trade on Ethereum and Solana.
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MiCA 2.0 Opens DeFi Licensing, Stablecoin Yield Review
The European Commission opened MiCA 2.0 consultation on May 20, 2026, targeting DeFi licensing and reopening the stablecoin yield question for retail wallets.
