Stablecoin


Markets

Hyperliquid's Newly Launched USDH Stablecoin Sees Over $2M Volume in Early Trading

USDH, backed by cash and U.S. Treasury securities, aims to reduce dependency on external stablecoins.

US Dollars (CoinDesk Archives)

Finance

Asia Morning Briefing: Capital Controls Doom Asia’s Stablecoin Dreams—Except in Hong Kong

Most currencies in the region are locked in by capital controls. Hong Kong's unique status as an autonomous part of China means its currency is available around the world.

Hong Kong Harbor (Shutterstock/Modified by CoinDesk)

Finance

OKX Offers 4.1% Yield on USDG as Stablecoin Competition Heats Up

OKX is responding to intensifying competition for stablecoin dominance, describing stablecoins as crypto's "connective tissue"

OKX founder Star Xu (OKX)

Opinion

The GENIUS Act is already law, and banks shouldn't try to rewrite it now

Legacy financial firms should embrace competition, not try to kneecap emerging players through anti-innovation regulations, Blockchain Association CEO Summer K. Mersinger argues.

U.S. Congress (Jesse Hamilton/CoinDesk)

Markets

Bitcoin Traders Should Pay Attention to Japan as Top Economist Warns of Debt Implosion

Debt implosion risks could drive demand for alternative financial escape valves like cryptocurrencies and stablecoins.

japan, flag. (DavidRockDesign/Pixabay/Modified by CoinDesk)

Opinion

The GENIUS Act Won't Save the Dollar

U.S. stablecoin regulations will fuel local alternatives, not dollar dominance, Central Chain co-founder Ian Estrada argues.

Photo by Vladislav Klapin/Unsplash/Modified by CoinDesk

Finance

Fireblocks Dives Further Into Stablecoins With Intro of In-House Payments Network

The stablecoin network is designed to provide higher efficiency and lower risk than currently exists when providers use more fragmented and disperse systems.

Left to right: Fireblocks co-founders Pavel Berengoltz, Michael Shaulov and Idan Ofrat. (Fireblocks)

Finance

Utila Raises $22M, Triples in Valuation as Stablecoin Infrastructure Demand Surges

Circle's IPO and Stripe acquiring stablecoin startup Bridge were the "bitcoin ETF moments" for stablecoin adoption, Utila CEO Bentzi Rabi said in an interview.

Utila founders Sam Eiderman, CTO, and Bentzi Rabi, CEO (Utila)

Markets

Asia Morning Briefing: Are Stablecoins an 'Engine of Global Dollar Demand' or a 2008-Style 'Liquidity Crunch'?

Some might say they are boring, but stablecoins are becoming a lever on Treasury liquidity — and a source of debate over whether they steady or strain markets.

Rolls of dollar bills of varying denominations. (NikolayFrolochkin/Pixabay)

Finance

Citi Says Stablecoins and AI Could Drive Post-Trade Shakeup

Citi’s survey of 537 industry leaders points to tokenization, T+1 adoption and GenAI reshaping trade processing.

Close up of Citigroup logo on the side of a building.