Stablecoins

Stablecoins

Markets

Standard Chartered CEO Sees Hong Kong Stablecoin as Pivotal for International Trade Settlement

At FinTech Week, the Standard Chartered CEO said Hong Kong’s digital asset pilots, including HKD-backed stablecoins and tokenized deposits, could transform cross-border trade, as regulators unveiled new rules allowing shared order books for crypto exchanges.

Bill Winters, CEO of Standard Chartered, speaks during HK Fintech Week (screenshot)

Tech

Circle CEO Jeremy Allaire Calls Arc ‘an Economic OS for the internet’

In a recent CNBC interview, Jeremy Allaire outlined dollar-priced fees, fast finality, and privacy for Arc, while pointing to rising USDC use in emerging markets.

2021 Photo of Circle CEO Jeremy Allaire

Markets

Latin American Crypto Exchange Ripio Launches Argentine Peso Stablecoin 'wARS'

The launch follows Ripio's previous release of a tokenized sovereign bond and is part of a broader push to bring real-world assets onto blockchain rails.

Flag of Argentina (Angelica Reyes/Unsplash/Modified by CoinDesk)

Opinion

MiCA Won’t Save Us From a Stablecoin Crisis. It Might Be Building One

MiCA deserves credit for imposing order on chaos, but its structure rests on a dangerous assumption: that proof-of-reserves equals proof-of-stability, argues Dr. Daniel D’Alvia. It does not.

The EU seeks to put savings caps on the digital euro.

Markets

Crypto Asset Manager Bitwise Makes Case for Solana’s Next Big Run

Solana is well-positioned to capture a growing share of the stablecoin and tokenization boom, the investment firm said.

Bitwise Chief Investment Officer Matt Hougan (CoinDesk Archives)

Finance

Plasma’s XPL Token Crashes 80% as Hype Fades Amid Woeful Debut

Once billed as the “blockchain for stablecoins,” Plasma’s XPL token has plunged from its $1.67 peak to $0.31 amid low network activity and waning sentiment

Plasma (Ramon Salinero/Unsplash)

Markets

DeFi Set to Challenge TradFi With $2T in Tokenized Assets by 2028: Standard Chartered

The bank said the 2025 stablecoin boom is fueling a self-sustaining wave of DeFi growth, and it forecasted $2 trillion in tokenized real-world assets by 2028.

DeFi networks are global. (NASA/Unsplash, modified by CoinDesk)

Markets

Investment Bank Mizuho Says Visa Is Becoming the ‘Stablecoin of Stablecoins’

Visa’s growing stablecoin network positions it as the key infrastructure player in blockchain payments, while individual tokens risk becoming commoditized assets.

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

CoinDesk Indices

Crypto Long & Short: Fast Money, Slow Money

Read this week’s Crypto Long & Short Newsletter for Andy Baehr's “Vibe Check,” a story of two markets. Then, learn how the true internet generation set the stage for digital currencies with Sam Ewen.

fast bike riders

Markets

William Blair Analysts Sees Upside in Western Union’s Solana-Based Stablecoin Launch

Western Union’s new Solana-based stablecoin and crypto cash-out network mark a smart step into blockchain-enabled remittances, the report said.

DeFi networks are global. (NASA/Unsplash, modified by CoinDesk)