The USDT supply redistribution reflects evolving user preferences, particularly as traditional finance increasingly adopts stablecoin rails.
Native Markets’ USDH stablecoin has gone live on Hyperliquid with a USDH/USDC market following a bidding contest with names like Paxos, Frax, and Agora.
Tether is pursuing talks with investors to raise between $15 billion and $20 billion for approximately 3% of its equity through a private placement, Bloomberg News reported on Sept. 23. The deal could position the crypto firm among the world’s most valuable private companies, with a valuation of around $500 billion. This would place it […]
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Tokenization platform Securitize is looking to integrate with the XRP Ledger (XRPL), a step that could bring BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) directly onto the blockchain network, according to a Sept. 23 statement. This impending move signals a deepening link between institutional finance and blockchain infrastructure, while also expanding XRPL’s presence in the […]
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The acting chairman of the U.S. derivatives regulator, Caroline Pham, has been pushing an aggressive "crypto sprint" to open the markets to crypto.
Commodity Futures Trading Commission (CFTC) Acting Chairman Caroline Pham announced on Sept. 23 that the agency will launch an initiative to enable tokenized collateral in derivatives markets, including stablecoins. The announcement builds on the CFTC’s February 2025 Crypto CEO Forum and forms part of the agency’s crypto sprint, implementing recommendations from President Donald Trump’s Working […]
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In February, the agency tapped Circle, Coinbase, Crypto.com, Moonpay, and Ripple for a non-cash collateral derivatives pilot program.
Tether, the leading stablecoin issuer, could become about as valuable as Sam Altman's OpenAI and Elon Musk's SpaceX.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
RLUSD, launched in 2024, is a stablecoin “purpose-built for enterprise utility" with a nearly $740 million market cap.
The European arm of crypto exchange Bullish is to be the first venue to list the SG Forge’s USD CoinVertible (USDCV) stablecoin.
MetaMask’s mUSD, the European Union’s digital euro initiative, and Hong Kong’s offshore yuan token AxCNH set up a three-way contest for on-chain payments. The prize is not trading volume or speculative flows, it is the share of real-world settlement that could reach $2 to $4 trillion annually if 1 to 2 percent of global cross-border payments move to […]
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Ripple unveiled a roadmap for the XRP Ledger (XRPL) on Sept. 22 that introduces protocol-level lending, zero-knowledge privacy features, and expanded tokenization standards. The roadmap centers on three core announcements: a native lending protocol scheduled for Version 3.0, confidential Multi-Purpose Tokens arriving in the first quarter of next year, and the immediate availability of compliance […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The stablecoin sector is entering a new phase of competition, with major players unveiling fresh initiatives to capture part of the $280 billion market. On Sept. 22, PayPal, Bitfinex-backed Plasma, and Polkadot’s Hydration protocol announced new projects to strengthen the role of dollar-pegged assets in global finance. Neobank, DeFi, and Payments Plasma is positioning itself […]
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The move will unlock new commerce use cases, particularly in emerging markets where dollar-based payments have the biggest impact.
The rollout comes ahead of Plasma’s mainnet beta launch on September 25.
Plasma has unveiled its stablecoin-focused neobank dubbed Plasma One less than a week before its mainnet and XPL token launched,
MetaMask's mUSD saw its circulating supply rise to 65.6 million as of early Monday morning, up from about 15 million a week earlier.
A BYD Dolphin Mini sold for USDT in a BRICS country highlights the irony of China’s de-dollarization drive, where the yuan is sidelined to academic theories about a post-U.S. order, while crypto-dollars power real-world trade.
Brian Armstrong told Fox Business that Coinbase aims to be users’ primary financial account while addressing U.S. crypto rules and pressure from banks.
With increasing regulatory clarity, 54% of firms in the survey said they plan to adopt stablecoins within the next year.
Crypto pundit and legal expert Bill Morgan has humorously predicted that the XRP price will drop below $3. He ironically alluded to a series of bullish developments as what would contribute to the price crash. XRP Price To Crash Below $3 Amid Bullish Developments In an X post, Morgan predicted that the XRP price would drop $3 as he joked about how the altcoin keeps dropping despite bullish developments. This came as he highlighted Ripple’s partnership with DBS and Franklin Templeton to provide a trading and lending solution, powered by tokenized money market funds on the XRP Ledger and in stablecoins such as RLUSD. Related Reading: 8-Year Accumulation Phase Could Catapult XRP Price To $6 Prior to his prediction, the legal expert had also highlighted how the XRP price was down despite “all the good news,” which included the launch of the REX-Osprey XRP ETF. The ETF became the first U.S. fund to offer investors spot exposure to XRP. Morgan also alluded to the CME Group’s announcement of plans to launch options on XRP futures on October 13. Meanwhile, the Federal Reserve lowered interest rates for the first time this year, a development that was expected to be bullish for the XRP price. However, despite these developments, the crypto pundit noted that the XRP price was still down. He stated that it felt like “Déjà vu,” pointing to the period between 2018 and October 2024. Meanwhile, in another X post, the crypto pundit joked that he was afraid to post more good news over fear that the XRP price may keep declining. This came in reference to Coinbase’s announcement that in just one month, the Solana and XRP Perpetual-Style Futures have scaled exponentially. The crypto exchange announced that these futures have generated over $1.9 billion in notional volume, with more than 1.6 million contracts having been traded. “No Mystery” In Why XRP Is Down Bill Morgan eventually admitted that there is no mystery in why the XRP price is actually, noting that it was because of the Bitcoin price rather than all the “good news” he had earlier alluded to. He further remarked that this overwhelming reality and the most significant factor in the XRP price movement, which is heavily correlated with the BTC price dynamics. The legal expert added that this is consistent with Ripple’s expert evidence in the SEC vs. Ripple lawsuit. Related Reading: Analyst Sounds Major XRP Warning: Last Chance To Get In As Accumulation Balloons Crypto analyst CasiTrades also noted that the XRP price is taking a hit alongside Bitcoin and that because the altcoin failed to make a new local high, the door is open for a deeper correction. She stated that the altcoin could drop to between $2.92 and $2.94 as this aligns with both the .618 retracement and the measured C-wave extension. At the time of writing, the XRP price is trading at around $3, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
Consensys chief Joe Lubin has told reporters that MetaMask’s long-awaited native token, widely known as MASK, is “coming” and could appear sooner than many expect. Related Reading: FalconX Moves 413K Solana Worth $98M – Impact On SOL Price According to Lubin, the token will be tied to efforts to push parts of MetaMask toward greater decentralization. MetaMask Plans And Recent Moves MetaMask has not been idle while the token talk simmered. The wallet recently rolled out a native dollar stablecoin called MetaMask USD, or mUSD, which now plays across Ethereum and the Linea Layer-2 network. Reports show mUSD’s market presence has already grown, with a reported market cap of $53 million. Consensys CEO Joe Lubin says the MetaMask token is coming and may arrive ‘sooner than you would expect’ pic.twitter.com/FQXL6PbS08 — The Block (@TheBlock__) September 18, 2025 What The Token Might Do Based on reports, MASK is expected to give users more say over certain platform choices, and to reward activity inside the wallet. Lubin framed the move as part of a decentralization push that includes MetaMask, Linea and other Consensys projects. How rewards or governance will work — who gets what, or when — has not been published. What Users May See Next MetaMask’s own co-founder, Dan Finlay, has said previously that if a token is launched it would be promoted directly inside the wallet interface. That approach is meant to reduce confusion and cut down on scams that copy social posts or emails. Reports suggest the team is weighing options such as targeted rewards for active users, but no formal airdrop plan has been announced. Scale And Stakes MetaMask is used by a large audience. Based on prior reporting, the wallet serves millions of users worldwide — some outlets put that figure at over 30 million — which makes any token launch a major event for the broader crypto ecosystem. Related Reading: From $2 Trillion To $400T? CEO Sees Bitcoin Exploding 200x – Here’s More A token from a widely used wallet could reach many people fast. At the same time, that reach raises questions about price swings, user safety, and how regulators will view the move. Timing And Details Remain Sparse Lubin’s comments make a launch sound imminent, but MetaMask has not released token supply numbers, vesting schedules, or precise rules for distribution. Until those details appear, users and developers will have to watch official MetaMask channels for confirmation. Based on reports, the next official word will likely come from MetaMask or Consensys itself and not from third-party posts. Featured image from Unsplash, chart from TradingView
GENIUS passed both Republican-led chambers of the U.S. Congress in July with the backing of President Donald Trump.
Stablecoin builders have a narrow window to establish competitive advantages before the GENIUS Act’s full implementation, as critical regulatory details remain undetermined. According to a report by Variant Fund policy lead Salah Ghazzal, early compliance preparation could create lasting market moats while competitors wait for complete regulatory clarity. The legislation establishes clear directional requirements but […]
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The U.S. Treasury Department launched a formal process to transform the newly enacted GENIUS Act into a framework of regulations for stablecoins, inviting the public and crypto industry to weigh in on key compliance issues. The department opened an advance notice of proposed rulemaking on Sept. 18, the first step in gathering feedback before drafting […]
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The move comes as Ethena looks to “expand its presence” on BNB Chain, including supporting new money markets and protocol integrations.
The crypto industry has entered the long slog of rule writing on the stablecoin law, and the Treasury is inviting input on how to deal with illicit activity.
Without significant expansion, the new wave of stablecoin launches may simply redistribute market share rather than grow the pie, said the bank.