Stablecoin developments, USDT, USDC, algorithmic stablecoins, and the role of pegged assets.
Circle's $400M Tazapay deal buys emerging market links that take ‘years to build’
Circle invested $400 million to acquire Tazapay, a Singapore-based fintech platform that processes payments across Southeast Asia, South Asia, and the…
Ripple stablecoin chief sees $13 trillion corporate treasury opportunity for RLUSD
# Ripple's RLUSD Targets Corporate Treasuries as Stablecoin Adoption Accelerates Ripple's stablecoin ambitions have expanded significantly. Jack McDo…
Anchorage Digital adds institutional access to Frgmnt’s fUSD stablecoin
Anchorage Digital, the federally chartered crypto bank, has integrated Frgmnt's fUSD stablecoin into its institutional custody platform. The move gran…
MoneyGram launches Visa stablecoin card as remittance rivals expand
MoneyGram has launched a Visa stablecoin debit card, matching Western Union's move into blockchain-based payment infrastructure. The card enables user…
Coinbase, Moov to provide stablecoin infrastructure for US community banks
Coinbase and fintech infrastructure provider Moov announced a partnership to bring stablecoin rails directly to US community banks and credit unions, …
U.S. Bank tests proprietary stablecoin in cross-border Stellar transaction
U.S. Bank has moved beyond theoretical exploration into live testing of its own stablecoin infrastructure. The bank conducted a pilot that successfull…
Tether pushes into private credit with $400 million fund with Fasanara
Tether, the company behind USDT, the world's largest stablecoin by market capitalization, has moved into private credit markets through a partnership …
Franklin Templeton digital asset veteran takes helm at StablecoinX
Christopher Jensen, a digital asset veteran from Franklin Templeton, will become the new leader at StablecoinX, the organization that holds the larges…
Visa combines VisaNet data with onchain lending to power stablecoin card working capital
Visa is weaponizing its payment network data to unlock a new lending vertical. The company's stablecoin settlement volume hit a $20 billion annualized…
Visa brings onchain credit to its growing stablecoin card business
Visa is integrating on-chain credit functionality into its stablecoin card business, leveraging transaction settlement data from VisaNet to enable blo…
Circle agrees to buy cross-border payments firm Tazapay for $400 million
Circle, the USDC stablecoin issuer and payments infrastructure provider, is acquiring Tazapay, a cross-border payments platform, for $400 million. The…
Stablecoin wallets challenge traditional bank accounts as main consumer money hub
# Stablecoin Wallets Challenge Traditional Bank Accounts as Primary Consumer Money Hub Stablecoin wallets are reshaping how consumers store and manag…
Tether sued over $42M in frozen coins, 6,600 students get crypto loans: Asia Express
Tether faces legal action from Thai businessmen over $42 million in frozen USDT tokens allegedly connected to a pig butchering scam, adding to the sta…
Dollar-backed stablecoins can push local currencies lower, Bank of Korea study finds
# Dollar-Backed Stablecoins Linked to Local Currency Depreciation, Bank of Korea Research Shows The Bank of Korea released research linking dollar-ba…
US law enforcement group moves to ‘neutral’ position on CLARITY Act
The National Sheriffs' Association reversed course on the CLARITY Act, abandoning its earlier opposition and adopting a neutral stance to let lawmaker…
Tether sued over frozen ‘pig butcher’ coins, 6,600 students get crypto loans: Asia Express
Thai businessmen are pursuing legal action against Tether over 42 million USDT frozen in connection with a "pig butcher" scam, highlighting tensions b…
Mantle adds Paxos’ USDG stablecoin, joins Global Dollar Network
Mantle, the Ethereum layer 2 scaling solution, has integrated Paxos' USDG stablecoin as a natively minted asset on its network. The move positions Man…
Kraken parent Payward partners with SoFi on stablecoin, 24/7 settlement
Kraken's parent company Payward has inked a partnership with fintech giant SoFi that merges traditional finance infrastructure with crypto market acce…
Wyoming adds Chainlink reserve verification to state-issued stable token
Wyoming has integrated Chainlink's oracle infrastructure into FRNT, the state-issued stablecoin, enabling near-real-time onchain verification of reser…
BofA, Citi, Goldman Sachs among 21 institutions planning stablecoin launch
# Major Wall Street Banks Enter Stablecoin Race with 21-Institution Consortium Bank of America, Citigroup, and Goldman Sachs have joined a consortium…
Ethena launches USDe payments app, offers 6% rewards
Ethena rolled out a self-custodial payments application centered on USDe, its synthetic dollar stablecoin, creating a direct on-chain path for everyda…
Citi, Goldman, other global banks and asset managers team up on stablecoin venture
Citigroup, Goldman Sachs, and a coalition of major global financial institutions are joining forces to develop stablecoins for payments and digital as…
Japanese regulator requests tax filing exemption for trust-type stablecoins in 2027 reform
Japan's Financial Services Agency is pushing for a major tax overhaul that would exempt trust-based stablecoins from mandatory tax filing requirements…
SBI buys 20% stake in Indonesia's Ajaib for $270 million to expand yen stablecoin in Southeast Asia
Japan's SBI Holdings has acquired a 20% stake in Indonesian fintech platform Ajaib for $270 million, marking an aggressive push to establish infrastru…
Circle's USDC takes over Chelsea's jersey in Premier League first sponsorship deal
Circle's USDC stablecoin is now the official jersey sponsor of Chelsea Football Club, marking the first time a Premier League team has sold its front-…
Ethena looks beyond crypto to squeeze yield from booming equity perpetuals
Ethena is repositioning its stablecoin strategy away from pure crypto derivatives toward real-world asset perpetuals. The $4 billion USDe issuer discl…
Visa works with Upbit parent on stablecoin payments, AI commerce
Visa expanded its stablecoin infrastructure push by partnering with Dunamu, the South Korean fintech giant and parent company of major crypto exchange…
Stablecoins not credible for payments at scale, BIS chief says
Pablo Hernández de Cos, head of the Bank for International Settlements, delivered a stark assessment of stablecoins during recent remarks. He stated t…
Chelsea FC gets a stablecoin sponsor after UK FCA warning to clubs
Circle's USDC stablecoin has secured a prominent jersey sponsorship with Chelsea FC, marking the first major English football club to place a stableco…
Shinhan and Visa team up to test stablecoin issuance and B2B settlements in South Korea
Shinhan Financial Group, South Korea's second-largest banking conglomerate, has partnered with Visa to pilot stablecoin issuance and business-to-busin…
World Liberty Financial launches USD1 natively on Canton Network
World Liberty Financial launched USD1 natively on the Canton Network, marking the stablecoin's expansion into a new blockchain ecosystem. USD1 now ope…
Bernstein sees new USDC growth cycle, sets $140 Circle price target
Bernstein analysts project a fresh growth phase for USDC, the second-largest stablecoin by market cap, and have assigned a $140 price target to Circle…
Stablecoin neobank Fasset lands $1 billion valuation as SBI backs its payments push
Fasset, a stablecoin-focused neobank, secured a $1 billion valuation in a new funding round led by SBI Group, Japan's largest financial conglomerate. …
Crypto card spending tops $1 billion as stablecoins move into everyday purchases
Cryptocurrency spending reached a pivotal inflection point. Card transaction volumes tracking stablecoin usage exceeded $1 billion, tripling year-over…
Crypto’s next billion users might be AI agents, and they’re paying with stablecoins
# Crypto's Next Growth Frontier: AI Agents as Stablecoin Users Coinbase's head of AI product has positioned artificial intelligence agents as the nex…
Neutrl pauses NUSD redemptions over undisclosed reserve issue
Neutrl has halted redemptions for its NUSD stablecoin following disclosure of an undisclosed reserve issue. The pause signals operational and financia…
Tether completes first full financial audit, receives clean KPMG opinion
Tether completed its first full financial audit, marking a watershed moment for the stablecoin issuer that has long faced scrutiny over its reserve ba…