Stablecoin

The Bank of England plans to test the use of stablecoins and digital currencies within cross-border finance. This testing initiative will examine these new payment methods' practical applications.

Payments platform Decta plans to utilize stablecoin-enabled treasury settlement. Specifically, Decta will use USDC through OpenPayd’s infrastructure for international treasury settlement. This move aims to achieve faster transfers and improve efficient liquidity management.

Japanese stablecoin firm JPYC successfully raised $38 million in an extended Series B round. The company stated that the proceeds will be utilized to expand its financial and Web3 ecosystem. This funding is intended to accelerate the adoption of JPYC.

Bitcoin held above $64k as tighter Federal Reserve policy increased demand for haven assets. Stablecoin usage surged in Latin America, particularly in Argentina, for hedging purposes.

Mastercard completed a $1.8 billion acquisition of BVNK to advance its stablecoin initiatives. The partnership aims to enable banks, fintechs, and enterprises to expand stablecoin-related services including payments, payouts, and treasury operations.

Stablecoins are digital assets designed to maintain a steady value by pegging to fiat currencies like the U.S. dollar. Reserve requirements dictate the assets issuers must hold to back each stablecoin in circulation.

Coinbase reported lower quarterly revenue and a net loss in Q2 due to declining crypto trading activity. However, its subscription, stablecoin, and lending businesses continued to show growth.

South Korea's policy report recommends interim licensing guidance, greater flexibility for stablecoin issuers, and rules ahead of the Digital Asset Basic Act.

Visa outlined its stablecoin strategy during the Q3 earnings call, emphasizing investments in OpenUSD, tokenized deposits, and AI-powered commerce. The company is focusing on expanding its presence across the stablecoin stack.

The IMF warned that Brazil’s stablecoin market has expanded rapidly since 2017, with cross-border crypto flows growing faster than traditional capital flows.

LemFi and BVNK are partnering to route cross-border remittances in Kenya through BVNK’s regulated stablecoin infrastructure, reducing transfer costs to 2–3 percent from traditional 6.5 percent. The collaboration operationalizes a strategy involving Tether to bypass correspondent banking networks.

Metaplanet aims to launch 4% to 6% bitcoin-backed bonds, which it plans to transition to on-chain stablecoin settlement. Benchmark criticizes the brokerage deal as 'badly underselling' the company's vision for 'Bitbonds'.

Wise intends to resubmit its application for a national trust bank under the GENIUS Act framework. The OCC has conditionally approved multiple stablecoin-focused entities since December.

Samsung Electronics plans to add stablecoin support to Samsung Wallet, expanding its mobile payments and rewards platform to include digital assets.

The Philippine bank BPI is preparing a stablecoin settlement pilot aimed at accelerating and reducing the cost of overseas payments for Filipino remote workers. The initiative focuses on improving cross-border payment efficiency through stablecoin technology.

Tassat aims to assist smaller banks in accessing the trillion-dollar stablecoin market before Wall Street excludes them. The initiative focuses on enabling smaller financial institutions to participate in the growing stablecoin sector.

Bitcoin declined while major cryptocurrencies remained largely flat. Latin American countries including Brazil, Argentina, and El Salvador are developing a stablecoin and remittance-based crypto economy.

Bitcoin holds $65k as major cryptocurrencies rise. A $324bn stablecoin surge in Latin America is reshaping remittances.

Benchmark supports Exodus following a 25% workforce reduction, highlighting the company's shift to stablecoins as an overlooked strategy. Exodus anticipates $10 million to $13 million in annual cost savings from the restructuring.

US regulators missed the GENIUS Act's one-year deadline for final stablecoin rules, instead proposing 10 regulations. The failure to finalize the rules by the deadline indicates a delay in implementing the required framework.

US regulators missed the one-year deadline for finalizing stablecoin rules under the GENIUS Act. The law's effective date remains set for January 18, 2027, creating a compressed timeline for implementation.

Base transferred its app to Cobie. Stripe made a $53 billion move potentially affecting the stablecoin market, and Ostium lost $18M in a DeFi exploit.

The United States and United Kingdom have outlined joint recommendations to align stablecoin and tokenization rules, supporting cross-border stablecoins and tokenized markets while avoiding the establishment of binding regulations.

The article highlights a Thai scammer's $122M wallet and Japan's growing interest in crypto credit, including Bitcoin-backed mortgages and stablecoin yields. Additionally, Hyundai is experimenting with Avalanche for global stablecoin transfers.

Mizuho notes that Circle's bank approval does not address USDC's growth challenges or risks from stablecoin competition.

The Bank of Thailand and the SEC are using data analytics tools to audit high-volume USDT trades to combat illicit finance.

The Trump administration is easing export controls for the UAE, with the Commerce Department favorably reviewing exports involving MGX, which used a stablecoin linked to President Trump's family for a $2B Binance investment. Senator Warren criticizes the move as involving a 'corrupt' provision.

Hyundai has become the first major South Korean company to implement internal stablecoin transfers, marking a significant step in corporate adoption of blockchain technology.

Stablecoin issuer Circle received approval from the U.S. Office of the Comptroller of the Currency to operate as a trust bank, leading to a 12% increase in its shares during premarket trading.

Sony has received conditional approval to establish a U.S. stablecoin trust bank. The approval allows the company to proceed with setting up the financial institution focused on stablecoins.

Hyundai Card completed its first real-world stablecoin pilot with Avalanche and Tether. Visa and Circle will participate in a second stablecoin proof-of-concept set to begin later this month.

Circle’s USDC is surpassing Tether in stablecoin volume, according to new data from Visa. The data indicates a shift in market share between the two stablecoins.

Stablecoin transaction volume reached a record $1.79 trillion in June. Crypto researcher Nick Ruck noted that stablecoins are maturing and likely to expand further as the market evolves.

Crédit Agricole’s CACEIS has launched a euro-pegged stablecoin named EURXT on the Ethereum blockchain. The initial issuance includes 20.02 million tokens, aimed at facilitating institutional flows and providing access to tokenized funds.

Taiwan’s legislative branch has passed the nation’s first crypto and stablecoin regulations, which aim to integrate the country with the global crypto market.

The UK is set to reduce capital buffers for stablecoins, a move that would be less stringent than the requirements under the EU's MiCA (Market in Crypto-Assets) regulatory framework.

Emerging markets drive most real-world stablecoin usage, but founder concentration and venture funding remain focused in the U.S. and Europe. The article highlights a mismatch between stablecoin adoption in developing regions and the geographic origins of its creators and investors.

The Bank of England has relaxed stablecoin regulations by replacing individual holding caps with a £40 billion per-coin issuance limit. Issuers are now permitted to hold more reserves in government debt under the new framework.

The Bank of England has relaxed its strict stablecoin holding limits and introduced a $50 billion issuance cap. This regulatory adjustment reflects a shift in approach to managing stablecoin-related risks.

The Bank of England is proposing regulations that remove restrictions on stablecoin holdings for individuals and companies, while introducing a £40bn limit for issuers.