Stablecoins


Finance

Sui Blockchain to Host Native Stablecoins Backed by Ethena and BlackRock's Tokenized Fund

Digital asset treasury firm SUIG, the Sui Foundation and Ethena teamed up to create two proprietary stablecoins for the network.

CoinDesk

Finance

Aleo and Paxos Labs Launch Privacy-Focused Dollar Stablecoin Aimed at Institutions

The USAD token encrypts transaction data end-to-end, aiming to enable private, programmable digital dollars.

Paxos Labs co-founder Bhau Kotecha (Paxos Labs)

Finance

Arf, Huma to Join Circle Payments Network for Seamless Cross-Border Stablecoin Payments

Swiss liquidity provider Arf, powered by Huma Finance's PayFi network, aims to make cross-border stablecoin settlements faster and more capital-efficient.

Irfan Ganchi, SVP of Product Management, Circle, on stage at Circle Forum Singapore

Finance

Stripe Unveils Stablecoin Issuance Tool With Phantom’s CASH, Expands Into AI Commerce with OpenAI

With Open Issuance and AI payment standards, Stripe is doubling down on its bet on the rising role of blockchain and digital agents in payments.

U.S. dollar (Unsplash, modified by CoinDesk)

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Markets

Citizens Starts Circle Coverage With Market Perform Rating on Stablecoin Growth, Valuation

Circle is positioned to benefit from surging stablecoin adoption and supportive regulation, but the company’s valuation already reflects much of the upside.

Circle Internet President Heath Tarbert

Markets

Stablecoin Market Surges on U.S. Regulation, With Circle's USDC Gaining Ground: JPMorgan

The bank's analysts said the GENIUS Act has fueled a 42% jump in stablecoin growth this year, with Circle’s USDC chipping away at Tether’s dominance.

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

Finance

Tether Adds $1B in Bitcoin to Reserves as USDT Supply Nears $175B, Blockchain Data Shows

The crypto firm behind the largest stablecoin has been accumulating bitcoin alongside gold over the past few years.

Bitcoin (modified by CoinDesk)

Markets

Bakkt Shares Still Look Cheap After 170% Rally: Benchmark

The firm has opportunities in three areas: crypto infrastructure, stablecoin payments and its bitcoin treasury strategy.

Trading screen with price monitors and charts (Yashowardhan Singh/Unsplash)

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Finance

Deutsche Börse, Circle to Integrate Stablecoins Into European Market Infrastructure

The deal marks the first collaboration between a major European exchange operator and a global stablecoin issuer, the companies said.

Deutsche Börse trading floor

Finance

Societe Generale’s Crypto Arm Deploys Euro and Dollar Stablecoins on Uniswap, Morpho

The bank’s regulated stablecoins EURCV and USDCV will be used in DeFi lending and trading.

SocGen sign outside an office building