Stablecoin issuers are moving toward bank charters in the United States, Tether is planning a U.S. product, and the Bank of England has proposed caps on holdings of systemic stablecoins. Ripple has applied to form Ripple National Trust Bank, a federal trust institution that could custody assets and, subject to separate Federal Reserve decisions, seek […]
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The emerging competition is likely to be a “zero-sum game" for U.S. issuers, unless the overall crypto market expands significantly.
The interoperability protocol is introducing a permissionless version of the token to Aptos, Avalanche, Tron and several other chains.
The LayerZero-enabled version, PYUSD0, remains “fully fungible” with native PYUSD, extending the stablecoin to additional blockchains.
Bank processors and exchanges are among the fintech firms best positioned to benefit from rate cuts, according to Mizuho.
The team claims that the network will debut with more than $2 billion in stablecoin liquidity.
The service is powered by Morpho with allocations managed through onchain vaults curated by Steakhouse Financial on Base.
The United Kingdom’s minority party Reform has formally rejected the Bank of England’s proposal to cap stablecoin holdings and its broader plan to introduce a central bank digital currency (CBDC). In a Sept. 18 statement on X, the party’s head of policy, Zia Yusuf, alongside party figurehead Nigel Farage, warned that the measures would damage […]
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There’s little doubt that Tether has conquered the world with USDT. With a market cap of $171 billion, it outpaces all other stablecoins combined. Earlier this month, Tether introduced a new U.S. dollar stablecoin, USA₮, to compete with USDC in the domestic market under U.S. law. The company named Bo Hines to lead its U.S. […]
The post After USDT’s global victory Circle’s USDC battles Tether’s USAT in $650B USA showdown appeared first on CryptoSlate.
Plasma will launch its mainnet beta on Sept. 25 with zero-fee USDT transfers, a projected $2 billion-plus in stablecoin TVL and 100+ DeFi integrations.
STBL transforms tokenized securities such as money market funds into freely usable stablecoins, and allow-listed, interest-accruing NFTs.
Australia's top watchdog will allow licensed issuers to distribute stablecoins without needing other financial approvals in a first for the country.
DBS Bank has collaborated with Franklin Templeton and Ripple to develop trading and lending solutions using tokenized money market funds and the RLUSD stablecoin.
The exemptions mean intermediaries do not require a a separate Australian financial services license to distribute licensed stablecoins.
The launch remains in a PoC stage and is not publicly circulated, as the regulations around stablecoins remain unclear in South Korea.
"XXXXXXXXX," the U.S. Federal Reserve said Wednesday.
Stablecoins are quietly rewriting the rules of global finance. They give anyone, anywhere, access to money that moves instantly, across borders, with incentives aligned to users rather than banks.
Launching first in Colombia, the app will allow users to receive and hold funds in USD-backed stablecoins.
A majority of financial institutions and corporations not currently using stablecoins plan to deploy them within the next six to twelve months, according to an EY-Parthenon survey published Sept. 15. The survey of 350 decision-makers revealed that 54% of non-stablecoin users expect to begin implementation by 2026. This represents a potential surge in adoption from […]
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The move comes shortly after Native Markets was tapped to issue a Hyperliquid-aligned and compliant USD stablecoin, USDH.
Bitwise filed a prospectus on Sept. 16 for a stablecoin and tokenization exchange-traded fund (ETF) structured as a 40 Act fund, positioning for potential launch around Thanksgiving. The proposed fund tracks the Bitwise Stablecoin and Tokenization Index through two equally weighted sleeves targeting companies and assets poised to benefit from stablecoin adoption and asset tokenization […]
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The DeFi market is stabilizing at $160.56 billion in TVL, but data shows a liquidity split between spot and derivatives, while collateral remains clustered in just a few major venues. Meanwhile, spot, perpetuals, and stablecoin bases are expanding in parallel, suggesting that order flow and collateral are recycled across fewer but more efficient protocols. The […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Google debuts an open agent-to-agent payments protocol with stablecoin support, developed with Coinbase and over 60 other firms.
The tech giant expands its open-source AI protocol into financial transactions, partnering with Coinbase, the Ethereum Foundation to integrate stablecoin rails.
Coinbase’s policy head said concerns of stablecoin deposit flight are myths, claiming banks are really defending profits from an outdated payments system.
Ethena said it expects to activate the ENA fee switch, pending final implementation approval by its Risk Committee and a tokenholder vote, after the pre-set parameters were met. Those parameters, agreed in late 2024, require USDe supply above 6 billion, lifetime protocol revenue above 250 million, and USDe integration on four of the top five […]
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PayPal is introducing a new peer-to-peer feature that will allow for tax-exempt payments for certain types of transactions.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
mUSD is the first stablecoin launched by a self-custodial crypto wallet and is meant to be the default digital dollar across its ecosystem.