Japan's FSA announced its support for a stablecoin pilot project involving the country's three major banks — Mizuho Bank, MUFG, and SMBC.
CEO Devin McGranahan first signaled the company was exploring stablecoin integrations as early as July, inspired by the GENIUS Act.
No reason was given for the suspension of Tassiopoulos, who was appointed just over a year ago .
The move is part of the exchange's strategy to offer an all-in-one trading experience as it gears up for a potential public listing.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Walmart-backed OnePay is reportedly preparing to add bitcoin and ether trading and custody to its mobile banking app.
Visa launched a pilot to test stablecoins for cross-border payments, providing businesses a new way to transfer money abroad more quickly.
Multicoin Capital, alongside Galaxy Digital and Jump Crypto, led a $1.65 billion private placement in Forward in early September.
The emerging competition is likely to be a “zero-sum game" for U.S. issuers, unless the overall crypto market expands significantly.
The LayerZero-enabled version, PYUSD0, remains “fully fungible” with native PYUSD, extending the stablecoin to additional blockchains.
Ripple announced Friday that it plans to distribute RLUSD in Japan in partnership with SBI Holdings in the first quarter of 2026.
Animoca Brands, Standard Chartered, and HKT have officially announced their joint venture, Anchorpoint Financial.
DeFi and RWA protocols are rebranding themselves as Layer 1s to capture infrastructure-like valuations. But most remain narrowly focused applications with little sustainable economics — and the market is beginning to see through it, says Avtar Sehra.
The firm aims to reduce settlement times and foreign exchange fees with its USDSL stablecoin, issued by Bridge.
This tactic could strangle competition by making it more costly for users to transfer funds to alternative platforms, a16z's general partner argued.
Visa has added support for PayPal’s PYUSD, Paxos-issued USDG, Circle’s EURC, along with the Stellar and Avalanche blockchains.
On an earnings call SoFi CEO Noto laid out the bank's plans across digital assets, calling crypto a potential "game changer."
Circle's blockbuster IPO last month has brought crypto listings back into the spotlight, but the bigger question is what comes next.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Even modest adoption of tokenization could outsize any other crypto narrative — including bitcoin — Bitwise analysts said.
Robinhood announced an expansion into tokenized equities, crypto perpetual futures, and plans for an Ethereum Layer 2 blockchain.
The firm is beginning with a tokenized version of MSTR stock on Arbitrum and plans to expand to additional assets and networks.
KraneShares submitted its Coinbase 50 Index registration filing with the U.S. Securities and Exchange Commission on Friday.
The move comes as the CEO shared plans to re-enter the crypto business under the Trump administration after having exiting digital asset services in 2023.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The initial tranche of $10.6 million in subscriptions is expected to close within 48 hours following its Wednesday announcement.
The funds will operate as a “regular C corporation” for U.S. federal income tax purposes, which treats staking distributions as dividend income.
ProCap Acquisition Corp, a blank-check firm, announced an upsized IPO of 22 million shares priced at $10 each.
Ark also bought $7.6 million of 3IQ's Solana staking ETF and sold shares in Jack Dorsey's Block as it rebalanced its fund weightings.
The $179 million offer by Robinhood Markets represents a 71% premium to WonderFi's 30-day average share price.