Stablecoin
Ethena's USDe Briefly Loses Peg During $19B Crypto Liquidation Cascade
USDe recovered quickly, and Ethena Labs confirmed that the mint and redeem functionality remained operational, with the stablecoin remaining overcollateralized.
Coinbase and Mastercard Held Talks to Buy Stablecoin Fintech BVNK for Up to $2.5B: Fortune
The sale, if it goes through, could become the largest stablecoin acquisition to date, with Coinbase leading bids over Mastercard, sources told Fortune.
North Dakota to Issue Stablecoin With Fiserv as Digital Dollar Trend Expands
The Fiserv-powered U.S. dollar stablecoin will be available to local banks and credit unions, joining crypto experiments by U.S. states.
Trump-Linked World Liberty Financial's Stablecoin Needs Better Attestation Reports, NYDIG Says
NYDIG noted that the delay in reporting is notable, given USD1's growing profile and $2.7 billion in supply, and may be a concern for investors.
Visa Pilots Pre-Funded Stablecoins for Cross-Border Payments
Businesses would pre-fund their Visa Direct account with stablecoins instead of fiat, which Visa would count as "money in the bank."
Cloudflare Unveils U.S. Dollar Stablecoin for AI-Powered Internet Economy
The cloud company said the token, dubbed NET Dollar, will enable instant, global transactions for autonomous agents online.
Circle Examines Ways to Reverse Transactions to Counter Fraud, Disputes: FT
Circle is "thinking through ... whether or not there's the possibility of reversibility of transactions," President Heath Tarbert said in an interview
PayPal Taps Spark to Boost PYUSD Liquidity by $1B Through DeFi Lending
Partnership targets deep liquidity for PayPal USD on SparkLend, with $100M already deposited
Nine European Banks Join Forces to Issue MiCA-Compliant Euro Stablecoin
The banks involved in the new euro-denominated stablecoin are: ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank and Raiffeisen Bank International.
Coinbase, Sony and Samsung Back $14.6M Round for Stablecoin Startup Bastion
The firm white-label stablecoin systems, enabling companies to issue digital dollars without coding or their own regulatory licenses.
