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Tether Supports Bolivian Fintech to Enable USDT Payments for Food and Banking

Tether is backing Bolivian fintech Peso with a pre-seed investment aimed at expanding USDT payments across Latin America, the companies said this week. In an announcement on Tether’s website, the stablecoin issuer said the funding is intended to strengthen Peso’s payments infrastructure and its ability to route USDT transactions through banking and merchant payment systems. The investment also arrives as local demand for dollar-linked alternatives grows in Bolivia amid a sustained shortage of US dollars and ongoing inflation pressures. Peso, for its part, is positioning USDT as a practical way for consumers and merchants to transact without relying exclusively on access to physical or banked dollars. Key takeaways Tether is leading Peso’s pre-seed round to expand USDT payment infrastructure across Bolivia, Brazil, Colombia and Argentina. Peso’s product integrates USDT into consumer payments—so far via food delivery payments on Yango in Bolivia. The fintech supports payments rails...
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PHP Foundation Cites Structural Failure for Delay in Security Patch

The PHP Foundation has blamed a prolonged delay in addressing a critical security flaw on “structural failure,” citing indecision and limited resources. The admission comes as PHP released emergency patches for two related vulnerabilities after international observers warned that attackers could gain remote code execution without authentication. While the foundation acknowledged it identified early signs of the issue in 2024, it said the path to a safe fix was repeatedly stalled to avoid breaking the broader PHP software ecosystem. In the meantime, major organizations worldwide moved to reduce exposure—at times taking websites and services offline while updates were rolled out. Key takeaways The PHP Foundation says the delayed fix was a “structural failure” driven by decision-process issues and insufficient resources. After emergency patches were released for two related PHP vulnerabilities, many organizations temporarily disabled services to install updates. The vulnerabilities ...
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PHP Foundation Says “Structural Failure” Delayed Critical Fix

The PHP Foundation says the delayed response to a critical PHP vulnerability was the result of “indecision” and a shortage of resources, calling the stalled fix a “structural failure.” The acknowledgment comes as government agencies and other organizations took websites offline while PHP issued emergency patches for two related critical security issues affecting widely used server software. According to the foundation, the first signs of the underlying vulnerability appeared in 2024, but efforts to produce a fix were repeatedly delayed because the team lacked a clear route to remote code execution and the core developers were stretched across many responsibilities. Following renewed attention to the issue in August—after security firm Calif and OpenAI independently reported the same underlying problem—PHP released the patches that authorities have been racing to deploy. Key takeaways The PHP Foundation describes the patch delay as a “structural failure” tied to both decision-making p...
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ABA Criticizes OCC “GENIUS” Rules, Says Stablecoin Yield Terms Undercut Congress

The American Bankers Association (ABA) has criticized finalized rules from the U.S. Office of the Comptroller of the Currency (OCC) governing how payment stablecoins can be issued and how custody arrangements should work. In a Wednesday statement, the industry group said the OCC’s interpretation—approved as part of the regulatory framework implementing the GENIUS Act—misread Congress’s intent, particularly on the question of stablecoin yield. Key takeaways The ABA argues the OCC removed earlier safeguards that would have treated certain third-party yield arrangements as effectively violating the GENIUS Act’s yield prohibition. ABA warns issuers could offer “economically equivalent” rewards while technically avoiding the statutory ban, creating regulatory gaps. The Blockchain Association said the OCC’s revision better matches the statutory text, while banking groups fear ambiguity. The rules are set to take effect ahead of the GENIUS Act’s implementation in January 2027, with ad...
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Glassnode: ‘Top buyers’ pause as Bitcoin upside caps near $87.7K

Bitcoin’s price momentum is being weighed down by a familiar on-chain mechanism: investors who bought in later 2025 are effectively “crowding” a key resistance area near $87,000, according to new analysis from Glassnode. At the same time, inflows into US spot Bitcoin ETFs appear to be strengthening demand around $80,000, where multiple cost-basis benchmarks and order-book liquidity converge. The tug-of-war is taking place across two zones. Above, several breakeven levels from different investor cohorts repeatedly cap upside attempts. Below, support is forming as bid liquidity concentrates around the $80,000 psychological threshold and related cost-basis bands. Key takeaways Glassnode says the breakeven for a cohort of Bitcoin buyers from late 2025 is now around $87,700, acting as resistance when BTC trades toward that level. A cluster above $87,000 includes the 2026 opening price at $87,490 and the 20-month simple moving average near $87,165. Bitcoin support around $80,000 is rei...
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ABA Says OCC “GENIUS” Rules Undermine US Congressional Oversight

The American Bankers Association (ABA) has criticized the U.S. Office of the Comptroller of the Currency’s (OCC) finalized rules for the GENIUS Act, arguing that the regulator’s approach to payment stablecoin yield diverges from what Congress intended. In a notice issued Wednesday, the industry group said the OCC’s final framework contains “several positive steps,” but falls short on safeguards meant to address how stablecoin issuers could structure economically similar returns while attempting to avoid the law’s yield-payment restriction. The ABA’s response centers on a specific change from the OCC’s earlier proposal. According to ABA, the OCC removed a provision that would have created a presumption that certain third-party arrangements violate the GENIUS ban on yield payments. The banking group warns that this decision leaves room for “economically equivalent” yield to be delivered through indirect structures. Key takeaways The ABA says the OCC’s final GENIUS rules weaken safeguar...
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Tether Supports Bolivian Fintech to Enable USDT Payments for Food and Banking

Tether is backing Bolivian fintech Peso with a pre-seed investment aimed at scaling USDT-based payments across Latin America, according to a Wednesday announcement on Tether’s website. The funding is intended to expand Peso’s stablecoin payment infrastructure in Bolivia and beyond, including services designed to connect USDT with local currencies via banking rails and merchant payment systems. Tether did not disclose the investment size. Key takeaways Tether invested in Bolivian fintech Peso to expand USDT payment infrastructure across multiple Latin American markets. Peso has already integrated USDT payments into Yango’s food delivery platform in Bolivia, enabling customers to pay with USDT. The fintech supports QR payments, merchant point-of-sale tools, and virtual accounts linked to Bolivia’s banking network using ACH transfers. The move aligns with growing local demand for dollar-denominated alternatives amid Bolivia’s ongoing US dollar shortage and inflationary pressures. ...
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