Stablecoins

Stablecoins

Finance

Hyundai becomes first major South Korean company to introduce internal stablecoin transfers

The initiative builds on a broader shift by companies exploring stablecoins to move money between international operations more efficiently.

Hyundai. (Raphael Maksian/Unsplash)

Finance

Circle soars after securing U.S. trust bank approval in crypto expansion

The approval adds to a growing list of crypto firms seeking federal banking licenses as the industry moves into the regulated financial system.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Speaks at Hong Kong Fintech Week in 2024 (HK Fintech Week)

Finance

Sony secures conditional approval to set up U.S. stablecoin trust bank

The New York-based subsidiary, fully owned by Sony Bank, will be capitalized with $40 million to support its upcoming stablecoin business operations.

CoinDesk

Finance

Circle’s USDC is leaving Tether behind in the stablecoin volume race, new data from Visa shows

As Wall Street banks adopt digital currencies for faster settlements, overall trading volume spiked 63% in just a single month.

Visa offices. (Media/Visa)

Finance

Banks have stopped asking if stablecoins belong in finance, now they're considering how

Financial institutions are racing to become the secure gateways for stablecoins as digital asset volume is projected to explode by 2030.

Standard Chartered London Office. (Olivier Acuna/CoinDesk)

Finance

This sanctioned Russian stablecoin claims it processes billions, but blockchain analysts disagree

A7A5 claims crypto data providers understate its trading activity, while blockchain analytics firms say the ruble-backed token's volumes have fallen sharply this year.

Kremlin and Moskva River. (Pavel Kazachkov/CoinDesk)

Policy

Three years after MiCA became law, Europe's crypto framework is undergoing a rethink

Europe’s MiCA regime is now up for review, known colloquially as “MiCA 2.0,” through a consultation that closes around September.

ESMA offices. (ESMA/Media)

Markets

Jefferies warns against buying the dip in Circle as Open USD raises new competition fears

The investment bank said new competition from the Stripe- and Coinbase-backed stablecoin consortium could pressure USDC's growth.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Finance

French banking giant Crédit Agricole rolls out euro stablecoin, EURXT

EURXT debuted with 20 million tokens in circulation, backed 1:1 by euro reserves at Caceis Bank, and competes with Circle's EURC and SocGen's EURCV.

Man walking into Credit Agricole branch

Policy

Europe is rewriting its landmark crypto rulebook MiCA as hard July 1 deadline passes

The EU is reviewing whether its landmark crypto regulation MiCA needs updating for a market reshaped by stablecoins and tokenization.

European Union (Antoine Schibler/Unsplash)