USDT Stability Amid OKX’s Bitcoin to Ethereum Rotation

OKX's latest proof-of-reserves audit highlights a significant shift in user asset allocation, with Bitcoin outflows surpassing ethereum inflows. Despite maintaining robust reserve coverage exceeding 100% for all listed assets, including 105% for BTC and 107% for Ethereum Classic, June's data reveals a $470 million reduction in Bitcoin holdings contrasted by a $272 million increase in ETH. This trend suggests a strategic reallocation by market participants, potentially favoring Ethereum's growth prospects. The report underscores the resilience of USDT and other stablecoins as investors navigate this rotation, reinforcing confidence in the crypto ecosystem's liquidity and stability.

OKX's Reserve Report Shows Shift from Bitcoin to Ethereum Holdings

OKX's 32nd proof-of-reserves audit reveals a notable rotation in user assets, with Bitcoin outflows outpacing Ethereum accumulation. The exchange maintains reserves exceeding 100% for all listed assets—including 105% coverage for BTC and 107% for Ethereum Classic—but June's data shows a $470 million reduction in Bitcoin holdings alongside a $272 million ETH influx.

Market participants appear to be reallocating from stablecoins as well, with USDT balances dropping 1.44%. The migration suggests either precautionary self-custody movements amid exchange security concerns or tactical portfolio adjustments following Bitcoin's recent volatility, which saw prices briefly dip before recovering to $105,000.

Bybit Partners with xStocks to Launch Tokenized U.S. Stocks

Bybit is set to revolutionize access to traditional equities through blockchain technology. The exchange will list 10 tokenized stock pairs starting June 30, in collaboration with xStocks, a platform developed by Backed Finance.

The initial rollout includes COINX (Coinbase) and NVDAX (NVIDIA) on June 30, followed by CRCLX (Circle) and APPLX (Apple) on July 1. The full lineup spans major tech and finance giants like Meta, Amazon, and Tesla, all paired with USDT and supporting Spot Grid Bots for automated trading strategies.

These Solana-based tokens represent fractional ownership of actual stocks, enabling 24/7 borderless trading. The MOVE signals Bybit's continued convergence of traditional and decentralized finance, offering crypto-native exposure to blue-chip equities.

Stable Unveils First USDT-Focused Layer 1 Blockchain for Payments

Stable has launched a dedicated LAYER 1 blockchain designed exclusively for USDT transactions, addressing long-standing pain points in stablecoin utility. The new 'stablechain' architecture integrates Tether's USDT as both native gas token and settlement layer, promising sub-second finality and enterprise-grade scalability for global payments.

The innovation eliminates volatility exposure by allowing fee payments directly in USDT, while a LayerZero-powered USDT0 token enables gas-free peer-to-peer transfers. Backed by Bitfinex and featuring EVM compatibility, the chain merges developer flexibility with Web2-grade user experience for stablecoin settlements.

This specialized approach contrasts sharply with general-purpose blockchains, offering businesses and users a streamlined path for digital dollar transactions without intermediary token conversions. The launch signals growing institutional demand for purpose-built blockchain solutions in payments infrastructure.