Stablecoin


Finance

UAE's central bank has approved a USD-backed stablecoin

The USDU stablecoin is issued by Universal Digital, a crypto firm regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).

Dubai UAE (Pexels, Pixabay)

Tech

Peter Thiel and Galaxy-backed Citrea wants to turn idle bitcoin into a high-speed bank account

Founders Fund and Galaxy-backed Citrea is aiming to unlock Bitcoin-denominated credit markets with a new mainnet and a Treasury-backed stablecoin designed for USD settlement.

A photo of Citrea's four co-creators (Citrea)

Finance

Stablecoins seen as ‘the default’ for payments as OKX brings crypto card to Europe

With EU banks exploring stablecoin issuance and regulators laying ground rules, OKX says its card marks a turning point in crypto’s integration into everyday finance.

OKX crypto Mastercard (Photo: OKX Press Office/Modified by CoinDesk)

Markets

Top stablecoins shrink as crypto cash flees, posing risk to bitcoin's bounce

USDC leads the decline in the market cap of top stablecoins, posing risk to crypto market valuations.

(USDC)

Policy

WH advisor Patrick Witt: Davos 2026 was ‘turning point’ for global crypto normalization

White House crypto advisor Patrick Witt said stablecoins are the “gateway drug” for global finance and that Washington is racing to deliver regulatory clarity.

Executive Director Patrick Witt, White House Crypto Advisor

Finance

Agora's Nick van Eck bets on stablecoin boom in enterprise payments

Agora CEO Nick van Eck sees stablecoin adoption shifting to real-world business for cross-border payments.

Agora CEO Nick van Eck

Finance

Russia’s ruble-pegged stablecoin helped evade sanctions to the tune of $100 billion

Elliptic says the ruble-pegged A7A5 processed nearly 250,000 onchain transactions, demonstrating how stablecoins facilitate cross-border flows under sanctions pressure.

Russia stablecoin milestone. (Photo by Artem Beliaikin on Unsplash/Modified by CoinDesk)

Policy

Bank lobby targets stablecoin yield and open banking in policy push

The American Bankers Association’s latest priorities aim to limit how digital dollars earn returns and how financial data is shared as lawmakers debate U.S. crypto market structure legislation.

Wall street signs, traffic light, New York City

Markets

Ripple injects $150 million into LMAX to push RLUSD stablecoin for institutions

The deal will see LMAX embed Ripple's $1.4 billion U.S. dollar stablecoin into the exchange's infrastructure.

Brad Garlinghouse, the CEO of Ripple Labs (Jesse Hamilton/CoinDesk)

Opinion

As America nears 250, financial freedom shouldn’t be up for debate

The banking lobby’s efforts to revisit or reinterpret Congress’ decisions regarding stablecoin rewards are driven by attempts to re-litigate settled law and blunt competition after the fact, argues Blockchain Association’s Summer Mersinger.

U.S. Congress (Jesse Hamilton/CoinDesk)