Stablecoin

Highlights: Stripe acquires stablecoin platform Bridge for $1.1 billion, its largest deal to date and increasing its expansion into cryptocurrency presence. Launched by former Coinbase employees, Bridge focuses on payment operations within stablecoins, thus improving Stripe’s cross-border and digital transactions. […]

Highlights: Waller emphasized that DeFi can enhance efficiency in traditional finance systems. Smart contracts streamline transactions, lowering settlement and counterparty risks. Stablecoins play a crucial role in DeFi, reducing reliance on intermediaries. At the 19th Annual Vienna Macroeconomics Workshop in […]

Highlights: Paxos launches a stablecoin payment platform, with Stripe integrating it to enhance global transactions. The platform enables instant USD and stablecoin conversions, supporting PYUSD, USDP, and USDC across multiple blockchains. Paxos aims to revolutionize payments by providing infrastructure for […]

Highlights: UAE Central Bank approves AED stablecoin LLC to launch AE Coin, the first regulated AED-backed stablecoin. AE Coin combines fiat stability with blockchain technology, offering secure, efficient transactions under UAE Central Bank regulation. The approval marks a significant step […]

Highlights: Coinbase will delist non-compliant stablecoins in the EEA by December 2024, aligning with MiCA’s regulatory requirements. Coinbase offers USDC as a MiCA-compliant alternative, responding to a growing demand for regulated stablecoins in the European market. Increased competition among stablecoin […]

Highlights: Ethena Labs launches UStb, a stablecoin backed by BlackRock’s BUIDL, ensuring stability and a differentiated risk profile. UStb offers safer stability by investing in liquid assets like U.S. Treasuries, unlike Ethena’s crypto-backed USDe. UStb will be integrated into centralized […]

Highlights: Vitalik Buterin applauds Celo for its peak stablecoin traffic and low transaction costs, boosting CELO token price. Celo is considering shifting to an EVM-compatible Layer 2 network, aligning closer with Ethereum’s ecosystem. Apps like MiniPay and Valora drive user […]

Highlights: Revolut is set to launch its own crypto stablecoin, enhancing its digital asset offerings and expanding its global reach. The stablecoin market, led by Tether’s USDT, continues to attract new players, including Revolut, PayPal, and Ripple. Revolut’s compliance-first approach […]

Highlights: Circle and Sony are integrating USDC as a key token on Soneium. Bridged USDC will enable flexible transactions, maintaining value while enhancing Web3 creativity. Circle’s USDC supply grows while the Sony partnership advances Web3 innovation. Stablecoin issuer and fintech […]

Highlights: Ripple CTO David Schwartz suggests that RLUSD stablecoin may initially be accessible only to institutions. The RLUSD stablecoin is currently in private beta on XRP Ledger, and Ethereum mainnet is nearing release. Ripple aims to introduce a fully-backed stablecoin, […]

Highlights: Japan’s megabanks MUFG, SMBC, and Mizuho are testing Project Pax, a cross-border stablecoin transfer platform. Project Pax uses Progmat’s stablecoin platform, integrating SWIFT’s API for faster, cost-effective international settlements. The pilot aims to commercialize by 2025, revolutionizing global banking […]

Highlights: Ripple plans to launch the RUSD stablecoin in Japan, pending U.S. regulatory approval. Ripple’s Japan strategy leverages regulatory clarity and market readiness. Garlinghouse suggests future yen-backed stablecoin, enhancing Ripple’s local offerings. Ripple CEO Brad Garlinghouse has confirmed plans to […]