Stablecoins
Coinbase Policy Chief Pushes Back on Bank Warnings That Stablecoins Threaten Deposits
Coinbase’s policy head said concerns of stablecoin deposit flight are myths, claiming banks are really defending profits from an outdated payments system.

Bank of England’s Proposed Stablecoin Ownership Limits Are Unworkable, Say Crypto Groups: Report
Industry leaders told the Financial Times the plan would be hard to enforce, risk driving business abroad and mark the U.K. as tougher than the U.S. or the EU.

Tether Unveils USAT Stablecoin for U.S. Market, Names Bo Hines to Lead New Division
The token was designed to meet the U.S. stablecoin issuance standard, with Anchorage Digital and Cantor Fitzgerald supporting issuance and reserve management.

Asia Morning Briefing: Native Markets Leads Early Voting for Hyperliquid’s USDH Stablecoin Contract
Stripe-linked proposal draws early validator support despite community pushback.

LitFinancial Introduces Stablecoin on Ethereum to Streamline Mortgage Lending
Developed with Brale and Stably, litUSD aims to cut costs, improve treasury management and potentially used for on-chain settlement of mortgage payments.

Minnesota Credit Union to Launch Stablecoin; Claims to Be First in U.S.
St. Cloud Financial Credit Union's upcoming token highlights how smaller financial institutions may tap stablecoins to be competitive following U.S. regulatory clarity.

Bakkt Rated Buy With 44% Upside on Stablecoin Growth Potential: Clear Street
The company has sold non-core units to streamline into a blockchain-native payments platform, said Clear Street.

Ethena Joins Race for Hyperliquid's Stablecoin With BlackRock-Backed Proposal
Ethena's proposed stablecoin promises to return 95% of revenue to Hyperliquid’s ecosystem.

Ethena's ENA Rallies to 7-Month High on Binance Listing Fueling $500M Buyback Hopes
Listing the protocol's USDe token on major exchanges like Binance is a key requirement to enable a mechanism to share protocol revenues with token holders.

Sky Pitches Genius-Compliant USDH Stablecoin With $8B Balance Sheet and 4.85% Yield
Formerly MakerDAO, Sky joins Paxos, Frax, Agora and Native Markets in the fight for Hyperliquid’s stablecoin contract.

