Stablecoins

Stablecoins

Policy

Canada Approves Budget That Advances Policy for Stablecoins

The Canadian government narrowly won favor in Parliament for its budget push that includes a new policy governing stablecoins.

bank-of-canada-shutterstock_1500px

Finance

Deutsche Börse to Add SocGen’s MiCA Stablecoins to Core Market Systems

Move brings regulated euro and dollar stablecoins into Deutsche Börse’s settlement and collateral tools.

SocGen sign outside an office building

Finance

Africa Embraces Stablecoins Via IOTA to Unlock $70B Pan-Continent Trade Tech

Formed in partnership with the Tony Blair Institute and the WEF, the initiative aims to overhaul trade with USDT payments across 55 African nations.

Globe showing Africa (James Wiseman/Unsplash, modified by CoinDesk)

Finance

BNY Eyes $1.5T Stablecoin Market With New Reserve Fund for Issuers

The bank aims to provide a key piece of infrastructure for stablecoin issuers to back the value of their tokens, similarly to BlackRock's Circle Reserve Fund for USDC.

BNY office (BNY, modified by CoinDesk)

Policy

Singapore's Central Bank to Trial Tokenized Bills, Introduce Stablecoin Laws

The Monetary Authority of Singapore sees a wholesale CBDC as an anchor for a system in which private settlement assets are used for different market needs.

Singapore skyline (Mike Enerio/Unsplash, modified by CoinDesk))

Finance

Sui Launches Native Stablecoin USDsui Using Bridge’s Open Issuance Platform

The new U.S.-compliant USDsui aims to link the blockchain’s $200bn monthly stablecoin volume to Bridge’s interoperable platform.

Sui blockchain image

Markets

Circle’s USDC Keeps Climbing; William Blair Reiterates Outperform After 3Q Results

The bank said USDC remains the frontrunner to dominate digital dollars as the company's third-quarter results topped forecasts.

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

Finance

Circle Q3 Profit Triples, Beating Estimates, on USDC Growth

The shares slid in anticipation of lower U.S. interest rates, which would reduce revenue from reserve assets held to back the second-largest stablecoin.

(Sandali Handagama/ CoinDesk)

Finance

Visa Tests Stablecoin Payouts to Speed Payments for Creators, Gig Workers

New Visa Direct pilot lets businesses send dollar-backed stablecoins like USDC to users’ digital wallets for near-instant access to earnings.

A Visa card being held to next to a payment terminal. (CardMapr.nl/Unsplash)

Policy

Bernstein Says U.S. Crypto Framework Positions Nation as Global Leader

With new laws defining market structure and stablecoin oversight, the broker said America’s digital asset industry has entered its most mature phase yet.

Capitol building.