Stablecoins

Stablecoins

Finance

Browser maker Opera seeks 160 million CELO stake to become key network stakeholder

The proposed allocation represents a major share of Celo's circulating supply and 16% of its maximum supply.

opera browser on smartphone (Zulfugar Karimov/Unsplash/Modified by CoinDesk)

Finance

Bank of Korea adds two banks to digital won trials as real-world testing begins

Korea's central bank and nine commercial lenders started real-world testing of deposit tokens, including subsidy payments and peer-to-peer transfers.

Bank of Korea. (Credit: By Neoalpha-Wikimedia Commons/Modified by CoinDesk)

Finance

Mastercard's $1.8 billion deal 'a clear answer' to a massive shift in the global payment war

Analysts say the $1.8 billion acquisition shows stablecoins are moving from niche use to global settlement rails.

Mastercard debit card next to phone with price chart (CardMapr.nl/Unsplash)

Finance

Mastercard agrees to buy stablecoin platform BVNK for up to $1.8 billion

Payments giant Mastercard moves to bridge fiat and crypto with $1.8 billion acquisition of the U.K. based stablecoin startup.

Two Mastercard branded credit cards (Mastercard)

Finance

PayPal expands its stablecoin into 70 markets

The payments giant says the dollar-backed PYUSD token will enable cheaper cross-border transfers and faster settlement for merchants.

Paypal HQ

Finance

Brazil industry giants representing 850 companies decry stablecoin tax threat

They argue the tax would be illegal, violating Brazil's Constitution and Virtual Assets Law, as stablecoins are not considered fiat currency.

Brazil's flag (Rafaela Biazi/Unsplash/Modified by CoinDesk)

Finance

AI developers may not be keen on crypto, but stablecoins are the secret to agentic finance, crypto insiders say

The brave new world of autonomous, micro-transacting AI agents is where programmable cryptocurrencies will shine, according to stablecoin experts.

Robot girl (Gabriele Malaspina, Unsplash)

Finance

Stablecoins, bitcoin could reshape finance, Stanley Druckenmiller says

The billionaire investor said stablecoins could become the whole payment system in 10-15 years, and reiterated that crypto might replace the U.S. dollar as the global reserve currency.

Stanley Druckenmiller in 2016

Markets

Circle's USDC volumes top Tether's USDT for first time since 2019, prompting sell-side price target hike

Japanese investment bank Mizuho remains neutral on Circle, but lifted it price target to $120 from $100.

(Sandali Handagama/ CoinDesk)

Markets

Circle’s outperformance highlights USDC’s staying power, says bullish Wall Street analyst

William Blair said Circle’s recent rally reflects more than macro factors, pointing to USDC resilience and growing recognition of the firm’s stablecoin infrastructure advantage.

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


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