The digital yen stablecoin aims to plug Japan into onchain finance and cross-border tokenized asset flows under the country's new FSA regime.
The PYUSD Savings Vault generates returns in part by deploying deposits in lending strategies on SparkLend.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Wall Street firm said faster U.S. stablecoin and charter rules are pulling crypto into the regulated banking system and pushing banks toward an on-chain future.
In November, Ripple raised $500 million at a $40 billion valuation, in a round led by investors from Fortress and Citadel Securities.
The new vehicle, called MONY, is seeded with $100 million of JPMorgan capital and will open to outside investors on Tuesday.
The move comes as Visa deepens its stablecoin work and reports a $3.5 billion annualized run rate in stablecoin settlement volume.
Tether holds a minority stake of over 10% in Juventus, and has a seat on the board, but its bid to buy the team in full was rejected in less than 24 hours.
The credit ratings agency has asked market participants to comment on its proposed framework by January 26.
YouTube has added PayPal’s PYUSD stablecoin as a payout option for U.S. creators. The choice routes through PayPal’s payout infrastructure rather than requiring YouTube to custody or transfer crypto directly. According to Fortune, PayPal crypto chief May Zabaneh confirmed the arrangement. Google and YouTube also confirmed PYUSD was added as a payout option for eligible […]
The post Crypto just entered YouTube’s $100B creator payouts, offering a novel path to finally exit banks appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
A new deal with Al Maryah Community Bank brings stablecoin payments to the pumps, shops and car washes at ADNOC retailers in UAE, Saudi Arabia and Ethiopia.
German payments processor DECTA expects euro-pegged stablecoins to gain traction in payments and tokenized finance as MiCA takes full effect across the EU.
Tether is reportedly considering tokenizing its stock once it completes a share sale that could be finalized at a $500 billion valuation.
PayPal's PYUSD currently holds a market capitalization of $3.9 billion as the world's eighth largest stablecoin.
The US Congress is closer than ever to defining federal rules for digital assets, yet the question of whether stablecoins can provide yield has slowed the process more than agency turf battles or token classification. Notably, the House has already advanced the Digital Asset Market Clarity Act, outlining a path for certain tokens to move […]
The post The $6.6 trillion nightmare scenario that has Senate Democrats trying to kill stablecoin yield immediately appeared first on CryptoSlate.
x402 V2 is “multi-chain by default” and compatible with “legacy payment rails,” like ACH and card networks.
The Abu Dhabi investment firm MGX chose USD1 when making a $2 billion investment into Binance, the world's largest crypto exchange.
The move follows Tether, in September, selecting Anchorage for issuing USAT, a stablecoin designed specifically for the U.S. market.
The initiative remains exploratory, with any product launch dependent on securing required regulatory approvals, the firm said.
The FCA recently opened a regulatory sandbox, inviting issuers to experiment with their stablecoin solutions.
Stripe has acquired the team behind peer-to-peer mobile payments app startup Valora, though not the app itself.
The IMF warns that USD-pegged stablecoins could undermine local currencies in emerging markets by facilitating currency substitution and capital outflows.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Circle is piloting a version of its flagship USDC asset featuring native privacy protections and “configurable compliance” features.
Bitwise CIO Matt Hougan said crypto is positioned for 10–20x growth as tokenization, bitcoin, and stablecoins gain mainstream adoption.
Circle appointed Visa's Saeeda Jaffar as managing director of the region, who will lead strategy and institutional partnerships.
The license allows Circle to expand USDC payment and settlement tools across the United Arab Emirates.
Licensed firms in Abu Dhabi Global Market can now conduct activities involving USDT on chains such as Aptos, Celo and Cosmos.
The move builds on a CFTC initiative in September expanding the use of tokenized collateral, particularly stablecoins, in derivatives markets.