In recent developments within the cryptocurrency sector, Trump Media & Technology Group has partnered with an undisclosed entity to support TMTG-branded exchange-traded funds (ETFs). Meanwhile, the market capitalization of USD Coin (USDC) has surpassed $60 billion, marking a record high. Fidelity is reportedly exploring the launch of its own stablecoin, adding to the competitive landscape of digital currencies. Tether, currently with over $118 billion in circulation, is seeking a Big Four audit for the first time, as CEO Paolo Ardoino emphasizes the importance of transparency amid increasing scrutiny over the backing of its USDT token. This move comes as Tether faces pressure to address concerns regarding its financial practices. The ongoing developments in the stablecoin market are drawing attention from various stakeholders, including Commerce Secretary Howard Lutnick, who supports Tether's USDT, and competitors such as Circle's USDC and Ripple's RLUSD.