China seeks to make the renminbi a true reserve currency, but the numbers reveal a story in which Beijing's capital controls create conditions for Bitcoin and dollar stablecoins to thrive as workarounds rather than competitors. The International Monetary Fund's latest reserve data shows the renminbi holding just 1.93% of global foreign exchange reserves in the […]
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Crypto advocacy groups called a White House meeting on Monday to discuss an intensely contested topic on how to treat stablecoin rewards.
NYAG Letitia James and other top prosecutors in the state are raising concerns over the recently enacted GENIUS stablecoin law.
And the more significant challenge is securing enough Democratic support in the Senate for the crypto legislation, TD Cowen added.
MiniPay counts millions of phone-verified wallets and has seen rapid USDT transaction growth across Africa, Latin America and Southeast Asia.
Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority (HKMA), said only a very few stablecoin licenses would be issued initially.
Ripple secured full Luxembourg EMI approval on Feb. 2, finalizing a licensing process that began with preliminary authorization last month.
2025 marked Tether’s “second-largest annual issuance in its history,” with over $50 billion new USDT added to the circulating supply.
Representatives from Coinbase, crypto trade groups and banking organizations are expected to meet next week to discuss the treatment of stablecoin rewards.
On Jan. 30, Cardano founder Charles Hoskinson announced that he has signed an integration agreement to bring USDCx, a Circle-linked stablecoin product, to the Cardano ecosystem. The infrastructure move represents a strategic effort to lower the network’s DeFi growth ceiling by establishing a sustained, reliable flow of on-chain dollar liquidity. In a social media post […]
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Amboss has unveiled RailsX, a Lightning-native platform designed to enable peer-to-peer bitcoin and stablecoin swaps.
Digital financial services firm SoFi reported its first $1 billion revenue quarter, with GAAP net income reaching $173.5 million in Q4 2025.
On Jan. 29, the Senate Agriculture Committee advanced the crypto market-structure bill, giving the legislation known as the “CLARITY Act” its first concrete win in the Senate. The Agriculture panel’s action moves the bill closer to a full Senate fight over which regulator sets the rules for spot crypto markets. However, the bigger near-term problem […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Banks are embracing stablecoins and tokenized deposits as a means to upgrade their financial infrastructure, but they are approaching the two technologies differently.
Tether CEO Paolo Ardoino says he is not taking a position on the debate over stablecoin yields, a flashpoint that has stalled legislation.
ARK Invest said stablecoin growth is stalling after October’s shock, with Base taking the lead in transaction volume.
Fidelity announced the launch of a stablecoin on the Ethereum mainnet, positioning the token as a compliance-wrapped settlement dollar distributed through the firm's brokerage, custody, and wealth management channels. The move lands amid what looks like a stablecoin sprawl, as estimates suggest 59 new major stablecoins launched in 2025 alone, per third-party tracker Stablewatch. This […]
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The stablecoin is backed by USD reserves held in financial institutions such as Emirates NBD, Mbank, and Mashreq.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The firm's analysts upgraded Circle shares to a “neutral” rating and raised the share price target to $77.
Fidelity Investments plans to launch its own Ethereum-based stablecoin, FIDD, as U.S. stablecoin regulation comes into focus.
The FIDD token will run on Ethereum, serve institutional and retail users, and comply with the new GENIUS Act’s reserve rules.
The company plans to deploy the fresh capital toward yield vaults, onchain trading expansion, and growth across Latin America and Europe.
Tether owns around 140 tons of gold, worth around $23 billion, stored in a nuclear bunker in Switzerland, according to Bloomberg.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Four in 10 surveyed merchants already accept crypto at checkout, with roughly three-quarters reporting an increase in crypto sales last year.
Bo Hines, a former crypto policy advisor to the White House, will help oversee the launch of Tether's new stablecoin.
The delay of market structure legislation highlights a growing threat to domestic lenders as digital dollars begin to cannibalize traditional bank deposits.
Standard Chartered has estimated that up to $500 billion could exit U.S. bank deposits for stablecoins by 2028.