stablecoins

Binance buys $100M Circle stake in five-year USDC deal

Binance has purchased a $100 million equity stake in Circle Internet Group, the company behind the USDC USD Coin stablecoin, while the two firms signed a five-year commercial agreement to expand promotion of the digital dollar across emerging markets.

Sam Altman’s World rolls out financial super app in 150+ countries

World, the identity-focused crypto project co-founded by OpenAI CEO Sam Altman and Alex Blania, has begun rolling out a self-custodial financial application called World Money in more than 150 countries, positioning it as a one-stop platform for stablecoin payments, investing,…

Tether lends $1.5 billion in gold to top US dealer

Tether, the company behind the world's largest stablecoin USDT Tether, has become a major bullion lender, providing approximately $1.5 billion in financing to Gold.com, one of the largest precious-metals dealers in the United States, according to Bloomberg.

ECB raises rates to 2.5% as euro stablecoins stay locked at zero yield

The European Central Bank raised its deposit facility rate by 25 basis points to 2.50% on Thursday, its second hike since June, as the energy shock from the Middle East conflict continues to push eurozone inflation above target. For holders…

PayPal launches platform letting businesses mint custom stablecoins

PayPal on Wednesday launched PYUSDx, a developer platform that allows businesses to create their own branded stablecoins backed one-to-one by PayPal USD, the company's existing dollar-pegged token issued by Paxos Trust Company.

37 European banks to launch euro stablecoin on Ethereum

A consortium of 37 European banks spanning 15 countries is preparing to issue a regulated euro-denominated stablecoin on the public Ethereum blockchain, in what would mark one of the largest moves by traditional finance into decentralized infrastructure.

Circle to buy Singapore payments firm Tazapay for $400M

Circle Internet Group, the issuer of the USDC stablecoin, announced on Tuesday that it has signed a definitive agreement to acquire Singapore-based cross-border payments firm Tazapay in an all-stock transaction valued at approximately $400 million. The deal marks the company's…

Visa pairs settlement data with onchain lending as stablecoin card programs surge

Visa announced Tuesday that more than 160 stablecoin-linked card programs are now live globally, with payment volume surging nearly 200% year over year as the payments giant moves to pair its settlement data with onchain lending infrastructure for blockchain-based lenders.

MAS proposes stablecoin licensing rules as G20 backs digital asset oversight

The Monetary Authority of Singapore published a consultation paper on September 1 proposing legislative amendments to the Payment Services Act 2019 that would require stablecoin issuers to hold segregated reserves equal to at least 100% of tokens in circulation and…

G20 backs clearer crypto rules, calls digital assets a growth tool

Finance ministers and central bank governors from the Group of 20 agreed to work toward clearer regulatory frameworks for digital assets, with stablecoins and cross-border payments at the center of the discussion, according to a chair's statement released Sept. 1…

21 major banks plan joint dollar stablecoin for 2027

Twenty-one global financial institutions announced on Tuesday that they plan to form a new company in the second half of 2026 to issue a US dollar-denominated stablecoin, with a target market launch in the first half of 2027.

BIS chief says stablecoins can’t scale as payments

The head of the Bank for International Settlements delivered one of the sharpest critiques yet of stablecoins on Friday, telling central bankers gathered in Wyoming that the fast-growing crypto instruments cannot credibly serve as a means of payment at scale.

AWS launches autonomous payment service for AI agents

Amazon Web Services Amazon.com, Inc. has made Amazon Bedrock AgentCore Payments generally available, enabling AI agents to autonomously pay for APIs, data feeds, and digital content using the USDC stablecoin — a move that brings autonomous machine-to-machine financial transactions into…

Visa seeks new stablecoin partner after Mastercard acquired BVNK

Visa is searching for a new stablecoin payments and settlement partner after its previous collaborator, BVNK, was acquired by rival Mastercard, according to a report by CoinDesk on Monday.

Tether says KPMG completed its first full audit

Stablecoin giant Tether announced Thursday that KPMG U.S. has completed a full independent audit of its financial statements for the year ended December 31, 2025 — the first such audit in the company's history. The milestone, long demanded by critics…

Samsung Wallet to add stablecoin payments later this year

Samsung Electronics is preparing to bring stablecoin functionality to Samsung Wallet by the end of 2026, a move that would allow Galaxy smartphone users to open stablecoin accounts, send cross-border remittances, and make in-store payments without downloading a separate cryptocurrency…

Russia’s ruble stablecoin hits $140B in turnover, PSB says

The ruble-denominated stablecoin A7A5 has processed nearly $140 billion in turnover since its February 2025 launch, PSB Bank Chairman and CEO Pyotr Fradkov said in an interview with Russia's RBC news agency published on Monday.

Mastercard launches direct stablecoin settlement in US and UK

Mastercard has obtained a BitLicense from the New York State Department of Financial Services, allowing the payments giant to settle stablecoins directly through its network rather than relying on intermediaries. The approval, granted to Mastercard Transaction Services (U.S.) LLC on…

Visa and Mastercard race to embed stablecoins into core payment rails

The world's two largest card networks moved aggressively to embed themselves in the stablecoin economy this week, each announcing separate infrastructure deals on August 5 while also joining forces as founding supporters of Circle's new Arc blockchain.

Mastercard completes $1.8B acquisition of stablecoin firm BVNK

Mastercard on Monday finalized its acquisition of BVNK, a stablecoin infrastructure provider, in a deal valued at $1.8 billion that marks the payments giant's largest bet on digital currency technology to date.

Stablecoin supply sheds $15B in biggest drop since Terra collapse

The global stablecoin market has shed roughly $14.56 billion since mid-May 2026, marking the steepest contraction since TerraUSD's implosion in 2022. Total supply fell from a peak near $322 billion to approximately $307.56 billion by August 2, according to data…

Open USD stablecoin backed by 140 firms to debut on Ethereum

Ethereum Institutional, an independent nonprofit organization, confirmed that Open USD (OUSD) will debut on the Ethereum blockchain, marking a move that reinforces the network's position as the leading platform for institutional finance. The stablecoin is developed by Open Standard and…

Russia’s ruble stablecoin collapses after Western sanctions

The A7A5 stablecoin, a ruble-pegged cryptocurrency designed to help Russian businesses circumvent Western financial restrictions, has seen its transaction volumes plummet 96% and now trades at effectively zero, according to a new analysis published by blockchain analytics firm Elliptic. The…

Solana gains institutional traction with E*Trade, Ramp launches

Morgan Stanley's E*Trade platform has completed the rollout of spot cryptocurrency trading for Bitcoin, Ethereum, and Solana, while Circle's stablecoin operations and a new business payments product from Ramp underscore Solana's expanding role in institutional finance.

Samsung Wallet to add native stablecoin support

Samsung Electronics announced at Galaxy Unpacked 2026 in London on July 22 that Samsung Wallet will introduce native support for stablecoins, positioning the company as one of the first major smartphone makers to integrate digital assets directly into its mobile…

BIS finds stablecoins bypass capital controls in 130+ economies

The Bank for International Settlements has found that dollar-backed stablecoins are bypassing capital controls across more than 130 economies, creating what it describes as a new form of "digital dollarization" that poses a direct challenge to monetary sovereignty in emerging…

Binance to launch SpaceX futures settled in Trump-linked USD1

Binance Futures will launch a new perpetual contract tied to SpaceX shares on July 20, 2026, offering traders leveraged exposure to the aerospace company's stock settled in USD1, the stablecoin issued by World Liberty Financial with ties to President Donald…

ECB’s Cipollone warns stablecoins risk draining European bank deposits

European Central Bank Executive Board member Piero Cipollone warned on Friday that growing stablecoin adoption risks draining retail deposits from commercial banks, making the case that a digital euro would preserve the role of public money while keeping banks at…

FATF warns criminal groups are building stablecoins to evade seizure

The Financial Action Task Force on Thursday released its seventh targeted update on virtual assets, warning that organized crime groups are moving billions in illicit proceeds through crypto and that some criminal networks have begun developing their own stablecoins engineered…

Visa launches stablecoin platform for 200M merchants

Visa on Wednesday unveiled the Visa Stablecoin Platform, an enterprise-grade infrastructure that allows banks, fintechs, and crypto firms to mint, move, and manage stablecoins through a single system connected to the payments giant's global network of more than 15,000 financial…