Russian President Vladimir Putin’s adviser, Dmitry Kobyakov, accused the US of orchestrating a crypto strategy to eliminate its $35 trillion national debt through the manipulation of stablecoins. During his speech at the Eastern Economic Forum on Sept. 6, Kobyakov claimed that Washington seeks to “rewrite the rules of the gold and crypto markets” as alternatives […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The analysts specifically addressed concerns of whether an eventual Hyperliquid stablecoin could significantly impact USDC.
USDC supply has surged to $72.5 billion, 25% ahead of Bernstein’s 2025 estimates.
The yield earned on the reserve assets would cover the blockchain's sequencer fees, helping keeping the transaction costs low, MegaEth said.
MegaETH is working with USDe issuer Ethena to launch USDm, a native stablecoin whose reserve yield funds the network’s sequencer to keep fees low and stable.
USDD, the algorithmic stablecoin backed by Tron founder Justin Sun, is launching a native deployment on Ethereum.
The firm is targeting an early 2026 launch, backed by investors such as Shopify, Wealthsimple and National Bank.
Stablecoins are finally reaching product market fit in the West. While stablecoins have found considerable usage and impact throughout the developing world, the US, UK, and Europe have lagged behind in terms of true market adoption due to unclear regulations and the strength of the existing digital payments infrastructure, especially in Europe and the UK. […]
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Hyperliquid’s governance token HYPE climbed above $50 during Asian trading hours, boosted by new bids to manage the decentralized exchange’s proposed stablecoin, USDH. According to CryptoSlate’s data, the token gained more than 7% in the last 24 hours to reach $50.08, edging close to its August peak of $51. This upward momentum reflects confidence in […]
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Paxos, Frax and Agora are competing for Hyperliquid’s USDH stablecoin contract as MoonPay backs Agora CEO Nick van Eck’s coalition and concerns mount over Stripe’s potential conflicts of interest.
Paolo Ardoino, CEO of Tether, the issuer of the largest stablecoin USDT, took to X on Sunday to refute claims about the firm selling its Bitcoin (BTC) to invest in gold. In his post, Ardoino wrote that “Tether didn’t sell any Bitcoin,” adding that: “While the world continues to get darker, Tether will continue to […]
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Christian Catalini warns that corporate-led blockchains like Stripe’s Tempo and Circle’s Arc risk repeating the compromises that doomed Libra’s open vision.
Retail transfers under $250 are at all-time highs, with BSC and Ethereum mainnet gaining ground as Tron falls, according to a fresh report by CEX.io.
StablecoinX will purchase locked tokens from the Ethena Foundation, which will use the proceeds to buy back ENA on spot markets.
Stripe CEO Patrick Collison explains why business adoption of stablecoins is accelerating worldwide.
Ethena’s ENA token leaped over 12% on Saturday following news that StablecoinX Inc. secured an additional $530 million capital raise. The move is part of StablecoinX’s ongoing accumulation strategy for ENA, significantly increasing its token holdings in the Ethena ecosystem. StablecoinX expands ENA holdings StablecoinX has now raised a total of $895 million in private […]
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Reports have disclosed that Ripple has moved to introduce its US dollar–backed stablecoin, RLUSD, into African markets through deals with established regional fintech firms. Related Reading: American Bitcoin, Backed By Trump, Ends Nasdaq Debut Up 17% The token, which debuted in late 2024, now has a market capitalization of close to $710 million. That figure matters because it signals real capital backing the push, even if the coin still sits well below the largest stablecoins. Fintech Partners Open Doors Ripple’s rollout leans on three major fintech partners: Chipper Cash, VALR, and Yellow Card. These platforms already serve millions of users across the continent. According to company statements, the partnerships give RLUSD instant rails into retail and business flows without Ripple having to build consumer trust from scratch. Ham Serunjogi, CEO of Chipper Cash, said RLUSD is “uniquely positioned to accelerate institutional blockchain adoption across Africa and beyond.” That line frames the push as aimed more at banks and big payments firms than at casual traders. 1/ The next chapter for $RLUSD starts in Africa. → https://t.co/6gRqrdNwSW We’re proud to bring our trusted, USD-backed stablecoin to the continent with new partners @chippercashapp, @VALRdotcom, and @YellowCard_App. ???? Together, we’ll unlock new potential for cross-border… — Ripple (@Ripple) September 4, 2025 Humanitarian Pilots Take Center Stage Based on reports, Ripple is also linking RLUSD to humanitarian work in Kenya. Mercy Corps Ventures is running pilot programs that use the stablecoin to power blockchain-based insurance products for drought and rainfall risks. These pilots are small. But they are meant to show how stablecoins can back practical financial services where climate shocks hit farming communities. For many African users, access to reliable, low-cost payment rails matters more than the token’s total market value. Listings And Institutional Aims RLUSD has been listed on a growing set of exchanges, including Gemini, Kraken, Bitso, Bitstamp, Bullish, LMAX, Uphold, Mercado Bitcoin, Independent Reserve, and CoinMENA. That distribution lets institutions tap RLUSD for payments, settlement, and collateral management. Jack McDonald, SVP of Stablecoins at Ripple, said demand is growing across payments, tokenization, and collateral markets. The listings show Ripple wants the coin to be usable on familiar trading and custody platforms, which can shorten the path to institutional adoption. Related Reading: XRP Poised For Amazon-Like Boom? Analyst Predicts $200 Rally On-Chain Activity Shows Momentum, But Gaps Remain Meanwhile, on-chain metrics show rising activity. Artemis data points to monthly transaction volumes climbing from almost $120 million in July to $194 million in August. That jump is healthy for a newcomer. Yet it is still small when compared with established stablecoins that process billions each month on Ethereum and Tron. Based on these numbers, RLUSD is gaining traction but has a long way to go if it hopes to match the liquidity and daily flows of market leaders. Featured image from Getty Images, chart from TradingView
Variant Fund chief legal officer Jake Chervinsky maintains that decentralized public blockchains remain the regulatory standard for product development, despite recent announcements of corporate-controlled layer-1 (L1) networks. Chervinsky argued on X that many new L1s built by companies for product-specific reasons are “unnecessary” and “unhelpful” from a regulatory perspective. He noted that no US regulator […]
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A proprietary stablecoin could reduce Hyperliquid's dependency on USDC and potentially capture a part of the revenues from reserve assets.
"It is the weirdest company I have ever dealt with," a commodity executive told Financial Times about Tether.
Hyperliquid is preparing a governance-driven launch of its native stablecoin, USDH, in its next network upgrade, according to a Sept. 5 update on the DEX Discord channel. The protocol described USDH as a “Hyperliquid-first and compliant” dollar-pegged asset, but unlike conventional launches, it is opening the process to competition among development teams. According to the […]
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The blockchain analytics specialist has released a due diligence product for stablecoins that's tailored to banks and compliance departments.
Tether, the issuer of the world’s largest stablecoin USDT, is reportedly discussing deepening its investment in gold mining companies as part of its wider expansion strategy. According to a Sept. 5 Financial Times report, the company has held discussions with mining and investment groups to explore opportunities across the entire gold supply chain. If the plan […]
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The chain's stablecoin-first design aims to handle global payouts, microtransactions, remittances and AI agentic payments, Stripe CEO Patrick Collison said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Stripe and Paradigm unveiled Tempo, a layer-1 blockchain designed for stablecoin payments. A Sept. 4 announcement from Paradigm founder Matt Huang validates speculation that began when Stripe posted and quickly deleted blockchain engineering job listings in August. Private testnet phase Tempo operates in a private testnet with select partners testing cross-border payouts, B2B payments, and […]
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Fortune's stablecoin network is already servicing more than 40 participants including Circle, Bridge, Zerohash, and Yellow Card.
Ripple has identified Africa as the next major growth market for its US dollar-backed RLUSD stablecoin. On Sept. 4, Ripple announced that it has partnered with fintech firms Chipper Cash, VALR, and Yellow Card to make RLUSD more widely accessible across the continent. This initiative marks Ripple’s latest move to position RLUSD as a practical […]
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Stablecoins are gaining traction in cross-border payments, especially in emerging markets where access to reliable currencies and banks is limited.