Fiserv Inc., a major player in global payments and financial services, has unveiled plans to launch a USD-pegged stablecoin called FIUSD on the Solana blockchain, according to a June 23 statement. The Nasdaq-listed company stated that the stablecoin was built using infrastructure from Paxos and Circle. It is expected to go live by the end […]
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X (formerly known as Twitter) is ramping up efforts to integrate financial services directly into its ecosystem and moving beyond its roots in social networking, the Financial Times reported on June 19. According to the report, the social media giant is preparing to let users carry out a wide range of financial transactions within the […]
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Coinbase officially launched Coinbase Payments on June 18, a three-layer platform that enables commerce providers to add USDC checkout without running their blockchain infrastructure. The stack begins with Stablecoin Checkout, a wallet-native interface that supports hundreds of wallets, delivers gas-free transactions, and records payments in USDC. Beneath it, an E-commerce Engine exposes application programming interfaces […]
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Walmart and Amazon are preparing to launch their own stablecoins as the U.S. Senate advances landmark legislation that would establish a federal regulatory framework for privately issued digital dollars for the first time. The legislation, known as the GENIUS Act (S.394), has passed committee and cleared cloture, with a final Senate vote scheduled for June […]
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Shopify is rolling out support for USDC payments, allowing consumers to pay with stablecoins via Shopify Payments and Shop Pay. The feature, developed in partnership with Coinbase and launching on the exchange’s Base blockchain, is available in early access starting this week and will expand to more merchants over the coming months. New payment rails […]
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Coinbase announced a Bitcoin-backed credit card and CFTC-compliant perpetual futures for US customers. The exchange made the revelation during its annual State of Crypto Summit on June 12. Perpetual futures for US traders Max Branzburg, head of consumer and business products, said Coinbase will soon list perpetual futures contracts for domestic users under the Commodity […]
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A DTCC blog noted the "increasing use cases for stablecoins" including "corporate cross-border treasury management and payment systems."
Investor demand for Plasma’s upcoming XPL token continues to soar, with the stablecoin infrastructure platform now securing $1 billion in deposits to support the planned sale. Plasma confirmed that its revised $1 billion deposit cap was reached in under 30 minutes on June 12, doubling its initial $500 million target. The firm stated that 2,900 […]
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Ripple CEO Brad Garlinghouse believes XRP could soon take a meaningful slice of the global payments sector. In a recent video shared on X, Garlinghouse projected that XRP might capture as much as 14% of the volume currently processed through Society for Worldwide Interbank Financial Telecommunication (SWIFT) within the next five years. He argued that […]
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A growing divide is emerging among US states over how to approach digital assets, with some jurisdictions warming up to Bitcoin and blockchain innovation, while others are slamming the brakes. This has become particularly evident in how Connecticut and Louisiana offer contrasting responses to the evolving crypto economy through recent legislative efforts. No Bitcoin reserve […]
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The uptick in institutional stablecoin interest follows shifting regulatory regimes and increased lobbying efforts, especially in the U.S.
The payments firm recently introduced stablecoin accounts for its users, while its recent acquisition Bridge rolled out a USDC token.
Analytics specialist Artemis, assisted by VC firms Dragonfly and Castle Island Ventures, looked at data from 31 stablecoin payment companies.
Fast food chain Steak ‘n Shake has expanded its payment options to include Bitcoin (BTC) at all of its locations globally, where regulations permit. The rollout, which began on May 16, utilizes the Lightning Network to enable faster and lower-cost transactions. The company’s COO, Dan Edwards, revealed the development on May 27 at the Bitcoin […]
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BitGo has reportedly initiated the second phase of FTX’s repayment process, marking another milestone in the exchange’s long-awaited recovery effort. On May 27, FTX creditor Sunil Kavuri reported that user accounts had been credited through BitGo as part of the repayment rollout. However, these funds will remain locked from trading until May 30. He said: […]
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Ethereum co-founder Vitalik Buterin believes that if decentralized networks become more robust and private, they can support national efforts to reduce reliance on cash. In a May 25 post on X, Buterin commented on recent developments in Sweden and Norway, where authorities are rethinking their near-total shift toward digital payments. Both countries have led the […]
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American economist Kenneth Rogoff believes that the rise of crypto poses a threat to the hegemony of the U.S. dollar. Rogoff previously served as the chief economist at the International Monetary Fund (IMF) and on the Federal Reserve Board. He is a published author and an economics professor at Harvard University. In an interview with […]
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JPMorgan analysts say expectations that the stablecoin market could triple or quadruple in the near future are "far too optimistic."
Russian authorities are intensifying their crackdown on domestic crypto payments with a new bill that proposes steep penalties and asset seizures. According to local reports, the Ministry of Finance and the Central Bank have jointly submitted draft legislation that could see individuals fined up to 200,000 rubles and companies penalized up to 1 million rubles […]
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Aside from the approval of spot bitcoin ETFs, it marks the most significant regulatory milestone in crypto's history, Matt Hougan argued.
KuCoin is exploring how it can accelerate crypto adoption by allowing users to easily spend it when carrying out day-to-day transactions
Ripple has announced new partnerships with UAE-based Zand Bank and fintech firm Mamo to expand its payments service in the Middle East. This is the firm’s latest strategic move following its licensing approval from the Dubai Financial Services Authority (DFSA). The collaborations will enable Zand Bank and Mamo to integrate Ripple’s blockchain-based infrastructure into their […]
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JPMorgan has completed a groundbreaking pilot transaction that bridges traditional finance and blockchain in collaboration with Ondo Finance and Chainlink. According to a May 14 statement, the banking giant’s blockchain unit, Kinexys, successfully executed a cross-chain atomic settlement using Ondo Finance’s tokenized short-term US Treasury product, OUSG. This marks the first time Kinexys has connected its permissioned […]
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JPMorgan's blockchain unit Kinexys, Chainlink and Ondo Finance teamed up to test cross-chain settlement of a tokenized U.S. Treasuries fund.
The deal with Crypto.com will allow residents and businesses to pay fees using crypto wallets while the government receives dirhams.
Tether USD (USDT) has surpassed $150 billion in circulating supply amid stablecoins averaging over $521 billion in weekly transfer volumes in 2025, The metrics posted by the leading stablecoin are well above the combined weekly volumes of Visa and PayPal, which averaged $319 billion and $32 billion, respectively. Tether described the milestone as the culmination […]
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Meta is exploring stablecoin-based payment infrastructure in a renewed effort to integrate blockchain technology into its platforms, Fortune reported on May 8, citing people familiar with the matter. According to the report, the tech giant is in preliminary discussions with multiple crypto firms to evaluate stablecoins as a mechanism for managing cross-border payouts. The discussions […]
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Emirates General Petroleum Corporation (Emarat), the UAE’s federal government-owned fuel retailer, has partnered with Crypto.com to introduce crypto payments at fuel stations, marking a first in the Middle East and North Africa. The initial phase enables crypto payments at 10 Emarat stations across Dubai, with plans to expand the service throughout Emarat’s network, according to […]
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The new product allows businesses to hold balances in dollar-backed stablecoins, and send stablecoins globally.
Stripe unveiled a new AI foundation model for payments and expanded support for stablecoins and embedded finance. The firm made the announcement at its annual Sessions conference, where it introduced more than 60 product updates. The enhanced stablecoin integration comes more than six months after the firm acquired Bridge for $1.1 billion. AI foundation model […]
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