Stablecoins

Stablecoins

Policy

Hong Kong hasn’t issued a single HKD stablecoin license after March target

Officials flagged March for initial approvals, but licensing has yet to begin with no updated timeline

Hong Kong Financial Secretary Paul Chan Mo-po (David Paul Morris/CoinDesk)

Finance

Why 12 European banks are teaming up to save the euro from digital dollarization

In an interview with CoinDesk, the CEO of a 12-member consortium explains why Europe is racing to put the euro onchain and compete with dollar dominance in crypto markets.

Jan-Oliver Sell, CEO of Qivalis (Qivalis)

Finance

Mercado Libre shuts down Mercado Coin, ending its loyalty-driven crypto experiment

Starting April 17, users will no longer be able to buy, sell or earn cashback in Mercado Coin, but can sell, spend, or have the token converted to local currency.

A person holding a payments card sits at a computer (Rupixen/Unsplash)

Finance

Forex startup OpenFX raises $94 million to expand stablecoin-powered cross-border payments

The company acts as a bridge between traditional banking and digital assets, enabling faster and cheaper foreign-exchange conversions for businesses moving large sums of money.

Stacks of 100 dollar bills (Dmytro Glazunov/Unsplash/Modified by CoinDesk)

Finance

Stablecoin payments go 'invisible' in Southeast Asia as crypto card business surges

StraitsX, a Singapore-based company, has seen rapid growth in its stablecoin card program, with a 40x surge in transaction volume and an 83x increase in card issuance between 2024 and 2025.

CoinDesk

Opinion

Why Mastercard paid double for stablecoin infrastructure it could have built

The credit card giant’s pricey payment to buy stablecoin platform, BVNK, says more than any strategy deck or earnings call ever could.

Mastercard

CoinDesk Indices

Crypto for Advisors: The evolution of stablecoins

From niche trading instrument to global financial infrastructure: How stablecoins are extending the US dollar’s reach and what advisors need to know.

Scott Rodgerson

Policy

Market structure bill compromise draws wide-ranging reaction from fractured crypto crowd

The yield agreement, seen as a step toward finally advancing the stalled market structure bill, hasn't yet fully won industry support.

Coinbase CEO Brian Armstrong at the White House

Finance

SBI, Sony back Startale’s $63 million push to expand Japan’s tokenized finance stack

The Singapore-based company builds blockchain tools for financial firms and retail users, including a blockchain for tokenized securities, stablecoins, and a consumer app.

Japan flag in front of a building (Roméo A./Unsplash)

Markets

Circle selloff may be overdone as crypto bill weakens Coinbase edge, say analysts

The latest draft of the CLARITY Act hit both stocks, but one analyst says the bill could ultimately shift bargaining power toward Circle and away from Coinbase.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)