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PayPal is expanding the reach of its stablecoin. Using LayerZero’s interoperability rails, PYUSD is launching onto nine new chains, including Tron and Avalanche, in a strategic move to capture market share from native ecosystem stablecoins. According to an announcement on…
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Plasma kicks off mainnet beta on September 25 backed by $2 billion in stablecoins and support from over 100 DeFi partners. The debut includes the XPL token, designed to secure the network and give ownership to the community. According to…
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Stablecoin intermediaries in Australia have been allowed to distribute licensed stablecoins without having to hold a separate financial services license as per a “first-of-its-kind” special exemption granted by the Australian Securities and Investments Commission (ASIC). According to ASIC, the exemption…
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Stablecoin development in South Korea has advanced with the launch of KRW1, a won-pegged token issued on the Avalanche blockchain. Seoul-based digital asset firm BDACS announced the launch of KRW1 on September 17, a stablecoin fully backed by South Korean…
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Ondo Finance has launched USDY, a yield-bearing stablecoin backed by U.S. Treasuries and bank deposits, on the Stellar network, marking the first product of its kind available to Stellar users. Ondo Finance has launched its flagship stablecoin, United States Dollar…
XLM
Stellar
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Korea Exchange affiliate firm KOSCOM has applied for five stablecoin trademarks amidst the wave of Korean won-backed assets taking over the market. It also plans to reorganize its crypto departments. According to the South Korean media outlet Seoul Finance, the…
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DBS Bank teams up with Franklin Templeton and Ripple to list tokenized money market fund and stablecoin on DBS Digital Exchange. DBS Bank is deepening its push into digital assets through a new partnership with Franklin Templeton and Ripple that…
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MoneyGram has embedded Crossmint’s wallet infrastructure directly into its payment system. The integration enables instant conversion and settlement of remittances into USDC for recipients in Colombia, using Crossmint’s APIs. According to a press release shared with crypto.news on September 17,…
USDC
USDC
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Kraken is joining forces with stablecoin giant Circle to accelerate the adoption of stablecoins across the global financial system. Crypto exchange Kraken and Circle have partnered in a collaboration that will expand access to and utility of two Circle stablecoins:…
USDC
USDC
Follow-up
UK regulators propose caps on stablecoin ownership to protect financial stability. The crypto industry criticizes the plan as costly, unnecessary, and counterproductive, to say the least. The Bank of England‘s plan to impose strict limits on stablecoin ownership reportedly drew…
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BNB Chain-based restaking protocol KernelDAO is stepping into real-world credit with a reward-bearing stablecoin that generates yield from institutional usage rather than sitting idle. KernelDAO is set to enter the stablecoin market with KUSD, a reward-bearing token backed by short-term…
BNB
BNB
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Bitwise is moving to bridge Wall Street and blockchain, filing for the first U.S. exchange-traded fund dedicated to stablecoins and tokenized assets amid record sector growth. Bitwise Asset Management has filed with U.S. regulators to launch the first ETF focused…
Markets
The HYPE price rally has lost momentum in the past few days, falling by almost 7% from its highest point this year. The Hyperliquid token was trading at $53.77, giving it a market capitalization of nearly $18 billion. Still, technicals…
HYPE
Hyperliquid
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Bitget Wallet now supports instant crypto asset purchases made through Apple Pay, Google Pay and credit cards through the Mercuryo payment platform. Users can now purchase crypto through various digital payment methods. According to the press release sent to crypto.news,…
USDC
USDC
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Crypto exchange Coinbase is pushing back against the attempt by U.S. banking groups to have the recently enacted Genius Stablecoin Act amended. Coinbase has disputed claims from U.S. banks that stablecoins are draining deposits from the traditional banking system. The…
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Tether has selected Anchorage Digital, the only federally chartered digital asset bank in the U.S., to issue Tether’s upcoming stablecoin USAT. Tether announced last week that it will launch its new U.S.-regulated stablecoin, USAT, by the end of the year.…
USDT
Tether
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