Stablecoin News
Latest Stablecoin News
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Open USD launched with 140 partners including Visa, Mastercard and BlackRock. Standard Chartered began rolling out a Hong Kong dollar stablecoin. World Liberty Financial got a bank charter to issue its own. The competition has moved from who can mint a token to who controls the rails it travels on.
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Galaxy Digital slashed its passage odds to 10%. Polymarket fell from 82% to under 20%. The bill that was supposed to give the $2.28 trillion industry a permanent regulatory framework is running out of calendar, votes and political goodwill. Here is what went wrong and what replaces it if it fails.
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Circle’s euro-backed stablecoin EURC has surpassed €400 million in circulation after its supply more than doubled over the past year as the token gained support across exchanges, payment providers and institutional platforms. Circle said in an Aug. 17 update that…
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The U.S. Treasury has proposed new rules defining when payment stablecoins are issued, offered, or sold in the United States as regulators prepare for key GENIUS Act restrictions beginning in January 2027. The U.S. Treasury Department said on Aug. 17…
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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.…