Stablecoins

Stablecoins

Markets

Hyperliquid’s HYPE Token: Why Arthur Hayes Thinks It Has 126x Upside Potential

Arthur Hayes argues that fiat decline drives stablecoin saving, funneling into crypto speculation—and Hyperliquid is the exchange built for that wave.

CoinDesk Data chart showing 24-hour HYPE-USD price on Aug. 30, 2025

Finance

Startup M0 Raises $40M Series B as VCs Pile Into Stablecoins: Report

M0, which has now raised almost $100 million in capital do far, declined to disclose its valuation in the funding round

Scattered pile of $1 bills (Gerd Altmann/Pixabay)

Markets

Asia Morning Briefing: Stablecoins Offer Beijing What e-CNY Can’t in Cross-Border Use, Economist Says

Dollar dominance thanks to stablecoins is pushing China to explore stablecoins, but capital controls limit the project to Hong Kong’s offshore renminbi market, where liquidity is thin.

(Edward He/Unsplash)

Finance

Finastra Taps Circle to Bring USDC Settlement to $5T Global Cross-Border Payments

Integrating USDC into Finastra’s payments hub aims to cut costs and speed up international transfers.

(Sandali Handagama/ CoinDesk)

Finance

Haycen Secures Stablecoin Issuance License in Bermuda

The company provides stablecoin-based products for non-bank lenders in global trade.

a containter ship seen from abvoe

Policy

U.S. Stablecoin Law Jolts EU Into Rethinking Digital Euro Strategy: FT

The GENIUS Act's passage caught many in Europe off guard and sparked concerns dollar-backed stablecoins could tighten America’s grip on cross-border payments.

European Central Bank HQ

Finance

South Korea’s Top Banks Said to Meet Tether, Circle on Stablecoin Partnerships: Report

In separate meetings, executives from Shinhan, Hana, KB Financial and Woori Bank will explore the role of dollar-pegged and won-pegged stablecoins in the country.

A view of Seoul, the capital of South Korea

Markets

Stablecoin Market Could Hit $1.2T by 2028, Maybe Affecting U.S. Government Debt Yields: Coinbase

The target translates to stablecoins growing almost five-fold from the current market size of $270 billion.

Coinbase (appshunter.io/Unsplash)

Markets

Stablecoins, Tokenization Put Pressure on Money Market Funds: Bank of America

Stablecoin demand for Treasuries won’t meaningfully shift T-bill dynamics, but instead poses a bigger challenge to money market funds, the report said.

Treasury image via Shutterstock

Finance

MetaMask Joins Stablecoin Race With mUSD, Backed by M0 Protocol and Stripe's Bridge

MetaMask's digital dollar, confirmed on Thursday, combines Bridge's regulatory and reserve management and M0’s blockchain expertise.

Stablecoin. (Unsplash, modified by CoinDesk)