BIS study finds Bitcoin transfer estimates can vary sixfold
A BIS working paper shows how technical choices can produce sharply different estimates of Bitcoin, Ethereum and stablecoin activity.
Stablecoins News
Stablecoin issuers, reserves, bank settlement, payments and regulation, with reporting on USDT, USDC and other digital currencies.
Velocity adds $10M to Series A with Visa, Circle and Ripple backing
Stablecoin payments company Velocity has extended its Series A to $48 million at a reported $200 million valuation, adding six strategic investors.
CoinEx sets September trading shutdown and December withdrawal deadline
CoinEx is winding down its exchange, with spot trading ending September 29 and withdrawals closing December 22. Wallet and Vault services are excluded.
U.S. banking groups seek tighter stablecoin reward limits in CLARITY Act
Eight banking associations want tougher limits on interest-like stablecoin rewards, arguing a proposed deposit-flight safeguard would act too late.
U.S. Senate crypto bill faces pivotal procedural test
The CLARITY Act returns to the U.S. Senate with a procedural vote approaching and major disputes over ethics, stablecoin rewards and enforcement unresolved.
TRM finds AI agents drive at most 7.5% of x402 commerce
TRM Labs says most visible x402 payment activity cannot be attributed to AI agents, even after filtering probable non-commerce flows.
Circle’s $400 million Tazapay deal targets stablecoin payouts
Circle plans to buy Singapore-based Tazapay to add local payment rails, licenses and banking links across more than 100 markets.
Coinbase and Moov bring stablecoin rails to 1,000 U.S. lenders
Coinbase and Moov are connecting stablecoin payment and custody tools to a platform serving more than 1,000 U.S. community financial institutions.
Ripple targets corporate treasury flows in next phase of RLUSD expansion
Ripple plans to connect its RLUSD stablecoin with corporate treasury workflows, but the $13 trillion figure describes client payment activity, not token volume.
Anchorage opens Frgmnt stablecoin access to institutional clients
Anchorage Digital will let institutional clients hold, mint, redeem and stake Frgmnt's fUSD through its existing custody environment.
U.S. Bank tests USBDC stablecoin payment on Stellar
U.S. Bank completed a transfer between North America and Europe using USBDC, testing bank controls on Stellar without announcing a wider customer rollout.
Block seeks US trust bank charter for Bitcoin and stablecoin custody
The proposed Builders Bank would put custody under OCC supervision without taking deposits or making loans. Regulatory approval is still required.
Visa says stablecoin settlement has passed $20 billion annualized run rate
Visa reports a sharp rise in stablecoin settlement and card-program activity, while its new financing model targets issuers’ daily funding gap.
Uzbekistan starts HUMO stablecoin payment pilot with government securities backing
The som-pegged token will be tested with participating merchants as regulators examine reserves, payment infrastructure and consumer safeguards.
Sber Plans USDT and Ether-Backed Loans as Russia Expands Crypto Rules
Russia’s Sber plans to accept Bitcoin, Ether and USDT as loan collateral while questioning demand for the digital ruble ahead of its Sept. 1 rollout.
Trump Delays Housing Bill Signing, Leaving US CBDC Ban on Hold
Trump has delayed signing a housing bill that includes a temporary ban on the Federal Reserve creating a CBDC. The bill also protects certain dollar-backed stablecoins from being treated like a central bank digital currency. The move could raise questions about whether other crypto legislation, including the CLARITY Act, may also face delays.
Ripple Secures Preliminary MiCA Approval in Luxembourg Ahead of EU Crypto Deadline
Ripple has received preliminary approval for a crypto asset service provider license in Luxembourg ahead of the European Union’s July 1 MiCA deadline. Once finalized, the license will allow Ripple to offer regulated crypto and stablecoin payment services across the European Economic Area, strengthening its position in Europe’s digital asset market.
Stablecoin Demand May Slow As Transaction Speed Rises, Says Standard Chartered
Stablecoin transaction speed has doubled, allowing more activity without increasing supply. Standard Chartered says this could limit future demand for new tokens despite rising usage. Still, the market is expected to grow significantly, with projections reaching $2 trillion by 2028.