Stablecoin News
Latest Stablecoin News
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Stripe has reportedly finalized an agreement to acquire AI model-routing platform OpenRouter for more than $7 billion, months after the startup was valued at $1.3 billion in its latest funding round. Bloomberg reported on Sunday that Stripe had reached a…
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Ripple minted 10 million RLUSD on XRPL on Aug. 17 as circulating supply reached 1.71 billion, but the transaction does not identify demand.
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World Liberty Financial has received preliminary OCC approval to establish a national trust bank that would oversee more than $4 billion in USD1 stablecoin circulation. World Liberty Financial must meet OCC conditions The Office of the Comptroller of the Currency…
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The Iran conflict grounded flights, cratered Maldives tourism arrivals by double digits, and forced the Trump family’s crypto venture to shelve what was billed as the world’s first tokenized luxury hotel development. The episode exposes a structural question the real-world…
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StablecoinX shares have climbed more than 12% after the Nasdaq-listed company disclosed a 3-billion-token ENA treasury and reported its first quarterly results since going public. StablecoinX values its ENA treasury at $218.4 million StablecoinX said in its Aug. 14 quarterly…
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HashKey Exchange has completed a live transaction using Hong Kong’s first regulated Hong Kong dollar-backed stablecoin, HKDAP, with YF Life, testing a payment route that the companies say could cut premium settlement from two to three business days to near…
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Citigroup CEO Jane Fraser has backed passage of the CLARITY Act while continuing to push for changes to its stablecoin reward rules, keeping the banking industry’s main concern with the crypto bill alive ahead of a Senate procedural vote expected…
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NUSD supply has fallen by about 76% from the $226 million level documented in February to $53.6 million as issuer Neutrl has suspended redemptions while assessing an undisclosed issue affecting its reserves. Neutrl said Thursday that unspecified circumstances had affected…
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Ethena has appointed FalconX as an institutional lending partner, adding an overcollateralized stablecoin credit facility to the assets backing its synthetic dollar business. Ethena said in an Aug. 14 announcement that the agreement will place stablecoins into overcollateralized lending arrangements…
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Morph has launched a non-custodial payments platform that supports USDC and USDT, charges no platform fee, and settles customer payments directly into users’ wallets. According to an Aug. 12 press release from Morph shared with crypto.news, Morph Payments is designed…
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BitGo Q2 revenue rose 79.6% to $4.33B, but the firm posted a $19M loss as digital asset marks and thinner trading margins weighed.
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Palmer Luckey and Joe Lonsdale’s nationally chartered bank has $4.6 billion in deposits, $100 million in annualized revenue, and a valuation higher than most publicly traded banks. It opened in February. Here is what that pace means for crypto banking.…
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Anchorpoint Financial has appointed HashKey Exchange as an authorized distributor for its Hong Kong dollar-backed stablecoin HKDAP, giving eligible institutions and professional investors access to minting, redemption, and fiat conversion during the token’s beta rollout. HashKey opens HKDAP access to…
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The United States and the United Kingdom have issued 10 recommendations for stablecoins, tokenized securities, and cross-border finance, although the proposals have not created enforceable rules. The Transatlantic Taskforce for Markets of the Future published the recommendations on July 14,…
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Standard Chartered-backed Anchorpoint has begun the phased rollout of its Hong Kong dollar-backed HKDAP stablecoin, opening beta access to institutional distributors and professional investors for payments, fiat conversion and tokenized asset settlement. Anchorpoint said on Wednesday that the first phase…
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SBI Digital Practice and Nodeinfra plan a Canton-based Japan-Korea payment network, starting with yen and won test tokens before regulated stablecoins.