Stablecoins

Stablecoins

Policy

Global financial watchdog calls for cross-border information sharing, planning for stablecoin crisis

Coins jointly issued by multiple companies can trap reserves in one jurisdiction while redemption demands hit another, complicating cross-border crisis response.

Laptop, calculator and documents on table (Jakub Żerdzicki/UJnsplash)

Finance

Visa survey says nearly half of APAC consumers open to using stablecoins by 2031

Visa’s survey of 14,250 people found interest in stablecoin payments is growing, though only 6% of respondents correctly understood how they work.

Visa building in Dubai. (Visa/Media)

Policy

EU securities regulator gives crypto platforms 3 months to remove unauthorized stablecoins

ESMA said authorized platforms must block new access to stablecoins that fail to meet MiCA rules, while national authorities oversee existing customer holdings.

ESMA offices. (ESMA/Media)

Tech

Samsung integrates USDC to overhaul cross-border remittances for 82 million Galaxy users

Eligible users will be able to send USDC abroad or send local-currency payouts to bank accounts in more than 60 countries, starting late October.

Samsung-Ledger

Finance

Polygon taps TRON’s $94 billion stablecoin supply for seamless cross-border transfers

Polygon said businesses can also move the world’s largest stablecoin USDT between TRON and EVM networks without connecting to a wallet provider, bridge or fiat-ramp operator.

Justin Sun and Sandeep Nailwal (Polygon/Press)

Finance

Tether tapped by Kazakhstan’s central bank to explore stablecoin and tokenization

The National Bank of Kazakhstan said it will study a local currency-linked stablecoin and tokenized real-world assets with Tether.

Flag of Kazakhstan (Gwengoat/Getty Images)

Finance

Arbitrum joins Paxos-led stablecoin group Global Dollar to capture digital dollar growth

The Ethereum layer-2 is backing Paxos-issued USDG to earn a share of reserve income as new stablecoin alliances compete for distribution, users and reserve economics.

Steven Goldfeder, CEO of Offchain Labs, the primary developer behind Arbitrum, speaks Thursday at ETHDenver. (Danny Nelson)

Finance

OKX looks to abstract blockchain mechanics to bring stablecoin balances to everyday consumers

OKX appears to be designing products to keep the blockchain element abstracted or out of sight for users who simply want to hold digital dollars and use a card.

Bank notes from different countries. (John McArthur/Unsplash)

Finance

Stripe to expand stablecoin cards to over 100 countries by the end of the year

The payments giant is planning a major global expansion for its stablecoin cards business, and is exploring tokenized deposits and DeFi use cases, new crypto head Henri Stern said.

Henri Stern, co-founder of Privy and new head of stablecoins and crypto at Stripe (Stripe)

Finance

Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions

CEO Iana Dimitrova said OpenPayd aims to launch in the U.S. by April 2027 and is eyeing deals to add licenses and technology.

Nasdaq sign on a building (CoinDesk Archives)