Data shows that Ethereum has dominated the stablecoin supply changes in the past 24 hours, with inflows exceeding $1 billion. （Cointelegraph）

[Upbit Announces Audit Results for Digital Assets and User Funds as of October 1, 2025] Upbit has released the audit report for digital assets and user funds as of October 1, 2025. The audit was conducted by Seonghyun Accounting Corporation in South Korea. The results show that the amount of digital assets held by Upbit is approximately 102.99% of the digital assets owed to users, and the funds held are 103.91% of the funds owed to users. The audit covered 286 types of digital assets, user funds, and cash equivalents, with the audit period spanning from September 24 to October 24, 2025. Upbit stated that it will continue to ensure the security of user assets and provide a stable trading environment.

[Circle Updates USDC Policy to Allow Legal Gun Purchases, Sparking Neutrality Controversy] Stablecoin issuer Circle has updated its terms of service, removing the prohibition on using USDC for gun purchases. This move was implemented under pressure from the National Shooting Sports Foundation and gun rights advocates, who accused Circle of discriminating against lawful commercial activities. A Circle spokesperson stated that USDC can be used for legal gun transactions protected under the Second Amendment. Republican Senator Bill Hagerty hailed this as a victory against the weaponization of the financial system. However, Komodo CTO Kadan Stadelmann warned that this incident reflects the political influence on stablecoins, raising concerns about whether centralized stablecoin issuers can maintain neutrality.

At Miami’s America Business Forum, he said his orders ended a “war on crypto,” said crypto helps the dollar and warned China could gain if Washington stumbles.

[Switzerland Proposes Regulatory Framework for Stablecoin Issuance] The Swiss government has initiated a consultation process, planning to allow the issuance of stablecoins within the country to further solidify its leading position in the global cryptocurrency sector. The proposal suggests the establishment of two new types of licenses: 'Payment Instrument Institutions' and 'Crypto Institutions,' aiming to integrate stablecoin issuers into Switzerland's financial legal regulatory framework. Switzerland is renowned for its robust financial system, and its currency, the Swiss Franc, has long been regarded as one of the most trusted currencies globally. The proposal envisions the introduction of a stablecoin pegged to the Swiss Franc, characterized by high transparency, full reserves, and regulation by the Swiss Financial Market Supervisory Authority (Finma), distinguishing it from cryptocurrency projects in other regions with less developed regulatory frameworks.