Stablecoins
Ripple to Buy Stablecoin Payments Firm Rail for $200M to Boost RLUSD
The Rail acquisition is a way for Ripple to delve deeper into the fast-growing stablecoin ecosystem after launching its RLUSD stablecoin
With South Korea's CBDC Plans Dead, KakaoBank Joins Stablecoin Gold Rush
The online lender joins a growing wave of Korean fintechs eyeing stablecoin issuance after the government scrapped its CBDC pilot in favor of private-sector alternatives.
U.S Neobank Slash Debuts Stablecoin with Stripe's Bridge for Global Business Payments
The firm aims to reduce settlement times and foreign exchange fees with its USDSL stablecoin, issued by Bridge.
Hong Kong's Stablecoin Rules Kick In as It Looks to Establish Its Crypto Credentials
The new rules meal that stablecoin issuers will need to apply for a license in the region.
Ethena's USDe Outpaces BlackRock’s Bitcoin, Ether ETFs With $3.1B Inflow Surge
In just 20 days, USDe added over $3.1B in supply, eclipsing inflows into BlackRock’s IBIT and ETHA combined. Reflexive market dynamics and rising yields are fueling the stablecoin’s explosive growth.
Tether Reports $4.9B Net Profit in Q2, Invested $4B in U.S. Initiatives
The firm held roughly $8.9 billion in bitcoin in the reserves, translating to roughly 83,200 coins.
Visa Expands Settlement Platform to Stellar, Avalanche, Adds Support for 3 Stablecoins
Visa's platform now supports four stablecoins across four blockchains, including Ethereum and Solana.
Coinbase, JPMorgan Deal Signals Shift in Institutional Posture Towards Crypto: Bernstein
Coinbase and JPMorgan have forged a strategic partnership, signaling institutional embrace of crypto infrastructure, the Wall Street broker said.
WLFI Invests $10M in Falcon Finance to Boost On-Chain Dollar Liquidity
The investment comes as Falcon Finance surpasses $1 billion in circulating supply following its public launch.
Hong Kong Releases Guidance on Strict Rules for Stablecoin Issuers
The Hong Kong Monetary Authority encouraged firms that are fully prepared to apply for a stablecoin license to do so by the end of September.
