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Stablecoin News

Latest Stablecoin News

Wells Fargo prepares for stablecoins as CEO questions US use cases - 3
News
Read more - Wells Fargo prepares for stablecoins as CEO questions US use cases

Wells Fargo prepares for stablecoins as CEO questions US use cases

Wells Fargo has outlined plans to issue stablecoins with 20 other financial institutions in the first half of 2027, while CEO Charlie Scharf has said their use cases in the United States remain unclear. Wells Fargo CEO Charlie Scharf said…
USDU expands to Solana with UAE-regulated issuance and 1:1 backing - 4
News
Read more - USDU expands to Solana with UAE-regulated issuance and 1:1 backing

USDU expands to Solana with UAE-regulated issuance and 1:1 backing

Universal has announced the expansion of its dollar-backed USDU stablecoin to Solana, extending its UAE-regulated issuance framework and 1:1 reserve backing to another blockchain for institutional settlement. Universal said in its announcement that eligible participants will be able to hold…
Stablecoins are global. Their oversight still stops at borders - 5
Feature
Read more - Stablecoins are global. Their oversight still stops at borders

Stablecoins are global. Their oversight still stops at borders

A dollar stablecoin can change hands across borders and blockchains at any hour. Its issuer may hold reserve assets in one jurisdiction while users trade the token in several others. An October 12 Financial Stability Board note says the resulting…
SBI, KB Card plan crypto payments for Japan tourists in South Korea
News
Read more - SBI, KB Card plan crypto payments for Japan tourists in South Korea

SBI, KB Card plan crypto payments for Japan tourists in South Korea

SBI Holdings and KB Kookmin Card partner to test AI identity checks and explore stablecoin payments for Japanese tourists visiting South Korea.
Standard Chartered adds Ripple's RLUSD to crypto custody
News
Read more - Standard Chartered adds Ripple’s RLUSD to crypto custody

Standard Chartered adds Ripple’s RLUSD to crypto custody

Standard Chartered launches RLUSD custody on XRP Ledger and plans to let institutional clients use the stablecoin as trading collateral with LMAX.
Bank of Korea won't issue stablecoins: Here's why
News
Read more - Bank of Korea won’t issue stablecoins: Here’s why

Bank of Korea won’t issue stablecoins: Here’s why

Bank of Korea Governor Hyun Song Shin says private firms should handle stablecoins while the central bank focuses on bank deposit tokens and payments.
OUSD could bring payments to Pi Network. Will any demand reach PI? - 6
Feature
Read more - OUSD could bring payments to Pi Network. Will any demand reach PI?

OUSD could bring payments to Pi Network. Will any demand reach PI?

Pi Network has outlined a possible role for Open USD in payments and Pioneer rewards, but its October 8 statement leaves the design open. PI trades around $0.0835 after losing ground this month. The price question rests on whether stablecoin…
Tether’s reserve custodian faces Senate questions. What can it see or stop? - 7
Feature
Read more - Tether’s reserve custodian faces Senate questions. What can it see or stop?

Tether’s reserve custodian faces Senate questions. What can it see or stop?

Senator Richard Blumenthal has asked Cantor Fitzgerald to explain its Tether relationship by October 23. The inquiry separates control over reserve assets from control over USDT on public blockchains. The October 8 letter from Senator Richard Blumenthal asks Cantor Fitzgerald…
Europe wants stablecoins off exchanges. What happens to coins customers still hold? - 8
Feature
Read more - Europe wants stablecoins off exchanges. What happens to coins customers still hold?

Europe wants stablecoins off exchanges. What happens to coins customers still hold?

ESMA has given national supervisors three months to resolve existing positions in stablecoins that do not meet MiCA rules. Trading was only one part of the problem. A customer who still has an unsupported stablecoin on a European exchange may…
DOT price tests $1 support as Polkadot launches dotUSD stablecoin - 9
Markets
Read more - DOT price tests $1 support as Polkadot launches dotUSD stablecoin

DOT price tests $1 support as Polkadot launches dotUSD stablecoin

DOT price has fallen toward $1 as Polkadot launches its native dotUSD stablecoin, with daily support under pressure and a rounded top forming on the 4-hour chart. TradingView’s Binance DOT/USDT daily chart showed Polkadot trading at $1.032 on Oct. 8,…
ESMA gives crypto firms 3 months to drop some stablecoins
News
Read more - ESMA gives crypto firms 3 months to drop some stablecoins

ESMA gives crypto firms 3 months to drop some stablecoins

ESMA gives EU crypto firms three months to clear non-MiCA stablecoin exposure, with limited sell, transfer and withdrawal services allowed.
Gate lets users spend crypto with Visa in 40+ markets
News
Read more - Gate lets users spend crypto with Visa in 40+ markets

Gate lets users spend crypto with Visa in 40+ markets

Gate is rolling out a Visa-linked crypto card across 40+ markets, converting digital assets to fiat at checkout for online and in-store payments.
South Korea's Gwangju Bank and Toss successfully test stablecoin QR payments - 10
News
Read more - South Korea’s Gwangju Bank and Toss successfully test stablecoin QR payments

South Korea’s Gwangju Bank and Toss successfully test stablecoin QR payments

Gwangju Bank and South Korean fintech company Toss have successfully completed a proof of concept for stablecoin payments using QR codes, allowing customers to make transactions through connected banking and payment apps. According to an Oct. 8 report by Yonhap…
Kyrgyzstan shuts $50M USDKG months after UK sanctions
News
Read more - Kyrgyzstan shuts $50M USDKG months after UK sanctions

Kyrgyzstan shuts $50M USDKG months after UK sanctions

Kyrgyzstan has shut down USDKG and ordered its issuer liquidated, while holders can exchange the gold-backed stablecoin for fiat or USDT.
Circle brings USDC and EURC payments to SAP
News
Read more - Circle brings USDC and EURC payments to SAP

Circle brings USDC and EURC payments to SAP

Circle and Tereina are bringing USDC and EURC into SAP Pay, giving eligible businesses stablecoin payments inside existing workflows.
Tether, Kazakhstan plan tenge stablecoin pilot
News
Read more - Tether, Kazakhstan plan tenge stablecoin pilot

Tether, Kazakhstan plan tenge stablecoin pilot

Tether and Kazakhstan will study a tenge stablecoin pilot and asset tokenization framework, with Alatau City set to host testing.