Stablecoin

On 22 January 2026 at 08:30, Ripple unveiled a partnership with DXC Technology to link its XRP and RLUSD payments to the Hogan core banking platform. Banks using Hogan can add blockchain payments, custody and tokenization without replacing existing systems, with transactions expected to settle on the XRP Ledger.

On January 22, Saga paused its Ethereum-compatible SagaEVM chainlet after an unauthorized breach that the team said caused about $7 million in losses. The incident destabilized Saga Dollar to $0.75 and was followed by a 55% drop in TVL within 24 hours, with operations halted for an audit and address blacklisting.

Layer-1 protocol Saga paused its Ethereum-compatible SagaEVM chainlet on Wednesday following a $7 million exploit. Its dollar-pegged stablecoin fell to $0.75 around 10:16 pm UTC, and TVL slid roughly 55% from over $37 million to $16 million. The team says the network remains sound and has begun blacklisting the attacker's address.

U.S. Senate Agriculture Committee chair John Boozman said Republicans on the panel have not reached agreement with Democrats on key elements of a new crypto market structure bill, even as a Republican draft was released for a Jan. 27 markup. The proposal outlines how the SEC and CFTC would oversee digital asset markets and adds protections for DeFi developers and certain intermediaries while excluding stablecoin yield rules, which fall under the Banking Committee.

Bitwise chief investment officer Matt Hougan said in a report shared on Wednesday that the fourth quarter of 2025 showed mixed signals and may have marked a crypto bear‑market bottom. He compared the setup to early 2023, when prices climbed from around $16,000 to $98,000 by early 2025, and highlighted record Ethereum and layer‑2 activity, a stablecoin market cap above $300 billion, and rising DeFi usage.

The US Senate Banking Committee has pushed back consideration of a key digital asset market structure bill by several weeks to devote more time to housing affordability legislation. The committee now expects to revisit the crypto regulation package in late February or early March 2023, while disagreements over DeFi oversight and stablecoin yields continue to slow progress.

In a January 21 interview on CNBC’s Squawk Box, White House AI and Crypto Czar David Sacks said banks and crypto firms could consolidate into a single digital asset industry once a market structure bill is approved. He urged lawmakers, banks, and crypto companies to find common ground on the CLARITY Act, while the American Bankers Association reported spending over $2 million in 2025 that included efforts related to the bill.

ARK Invest's "Big Ideas 2026" report projects the crypto market could reach $28 trillion by 2030, with Bitcoin potentially representing around 70% of that value. The firm estimates Bitcoin's price could approach $950,000 to $1 million by 2030 as adoption increases, alongside substantial growth from DeFi, stablecoins and tokenized real-world assets.

On January 21, 2026, the SagaEVM chain was halted following a security incident that led to roughly $7 million in stolen crypto assets. The attackers moved funds in USDC, yUSD, tBTC, and ETH to the Ethereum address 0x2044…6ecb, prompting emergency measures. Operations on SagaEVM were suspended at block height 6,593,800 while the team works with platforms to restrict the compromised address.

On 22 January 2026, Elliptic reported that Iran's central bank amassed at least $507 million in USDT through a web of crypto wallets outside regular banking channels. The flows initially passed through local exchange Nobitex, then shifted to cross-chain and decentralized routes after a 2025 hack, with part of the funds later frozen on-chain. The pattern suggests USDT may have been used both to support the rial and to preserve access to dollar value under sanctions.