Stablecoin developments, USDT, USDC, algorithmic stablecoins, and the role of pegged assets.
USDC overtakes USDT in euro stablecoin trading as EU rules reshape market: Kaiko
Circle's USDC has captured majority control of euro stablecoin trading volumes, reaching 56% market share since January 2024. This shift marks a struc…
Brazilian companies turned to stablecoins on election day to dodge a currency crash
Brazilian companies and investors fled to stablecoins during the country's election day as the Real currency faced sharp depreciation pressure. Tradin…
Ripple wins final US approval for national trust bank
Ripple has secured final regulatory approval to operate a national trust bank in the United States, a watershed moment for the blockchain payments com…
US OCC calls on community banks to become payment stablecoin issuers
The U.S. Office of the Comptroller of the Currency (OCC) is actively recruiting community banks to issue payment stablecoins, marking a significant sh…
Canada opens consultation on draft stablecoin rules, maintains ban on yields
Canada's financial regulator has unveiled draft stablecoin rules that establish a reserve-backed framework while firmly rejecting yield-generating sta…
OCC calls on community banks to enter the stablecoin payments market
The Office of the Comptroller of the Currency has signaled that community banks should prepare to enter the stablecoin payments space ahead of incomin…
Standard Chartered-led Anchorpoint says it’s not rushing retail stablecoin
Standard Chartered and Animoca Brands' joint venture Anchorpoint is pumping the brakes on its retail stablecoin rollout. The banking and Web3 partners…
Standard Chartered sees Ethena’s USDe reaching $40B, ENA hitting $2
Standard Chartered released a bullish forecast for Ethena, predicting the protocol's USDe stablecoin will reach $40 billion in total supply while its …
Open USD takes on Tether, Circle with a different stablecoin model that's 'building money'
Open Standard launches a competitor stablecoin with a tokenomics model that directly rewards network growth. CEO Zach Abrams outlined an equity distri…
Strategy proposes daily dividends to bring STRC back toward $100
# STRC Dividend Strategy Targets $100 Recovery as Token Struggles Below Psychological Level STRC trades well below its $100 target despite aggressive…
Fed proposes new capital, redemption rules for stablecoin issuers
The Federal Reserve released a comprehensive regulatory framework for stablecoin issuers, establishing binding capital requirements, redemption timeli…
Binance deal gives Circle a boost in stablecoin race with Tether, analysts say
Circle sealed a significant distribution partnership with Binance that positions USDC to gain ground in emerging markets where Tether's USDT has long …
Tether says it had ‘limited’ exposure to bank linked to $84M US seizure
Tether distanced itself from regulatory scrutiny after US prosecutors charged a payments business with illegally moving hundreds of millions of dollar…
Tether confirms minimal EQIBank exposure following $89M US asset seizure
Tether has publicly confirmed it holds minimal exposure to EQIBank following a $89 million seizure of US assets by authorities, according to statement…
U.S. Federal Reserve moves on proposals to implement GENIUS Act for stablecoins
The Federal Reserve has formally advanced regulatory proposals to implement provisions from last year's GENIUS Act, marking the central bank's most co…
SoFi tie-up shows stablecoins can provide alternative blockchain settlement rail
SoFi has moved its entire card payment program onto blockchain-based infrastructure using its proprietary SoFiUSD stablecoin, processing more than $25…
HIFI raises $37M to expand stablecoin payments, tokenized markets
HIFI closed a $37 million Series A funding round to accelerate development of stablecoin payment infrastructure and tokenized asset markets. CEO Zach …
US weighs overseas push for dollar-backed stablecoins: Bloomberg
The US government is exploring a coordinated strategy to promote dollar-backed stablecoins globally, positioning digital currency infrastructure as a …
Crypto Long & Short: Inside the chain settling $150 billion of stablecoins a week
Tron has quietly become one of crypto's most consequential infrastructure layers, processing between $150 billion and $190 billion in stablecoin trans…
ECB, EU cenbanks seek changes in MiCA’s minimum bank deposit for stablecoins
The European Central Bank and national central banks across the EU are pushing regulators to fundamentally restructure how stablecoin issuers handle r…
Binance takes $100M stake in Circle under expanded USDC deal
Binance has invested $100 million directly into Circle, the stablecoin issuer behind USDC, marking a substantial deepening of their partnership around…
European central banks push to expand stablecoin yield ban to crypto lending and staking
European central bankers have escalated their push to restrict stablecoin yield mechanisms, now targeting crypto lending and staking arrangements alon…
Kakao Pay, KakaoBank to explore stablecoin opportunities with Fireblocks
Kakao Pay and KakaoBank signed a memorandum of understanding with Fireblocks to explore stablecoin infrastructure and digital asset opportunities. The…
Circle launches Bitcoin-backed USDC borrowing for institutional clients
Circle is launching a new borrowing facility that lets institutional clients use Bitcoin as collateral to access USDC stablecoin liquidity. The move t…