Stablecoins

Stablecoins

Policy

Circle secures New York trust charter as crypto regulatory push accelerates

The approval lets the USDC issuer offer fiduciary and custody services under New York banking law.

New York City skyline (Michael Discenza/Unsplash)

Finance

Stablecoin firm Brale says new protocol can remove a major hurdle to scaling custom tokens

Today's bridge model won't scale as hundreds of companies issue their own stablecoins, fragmenting liquidity, Brale CEO Ben Milne said in an interview.

Brale CEO Ben Milne (Brale, modified by CoinDesk)

Finance

Tassat wants to help smaller banks tap the trillion-dollar stablecoin boom before Wall Street locks them out

The former Signet developer aims to launch early next year a marketplace connecting stablecoin issuers with regional lenders to manage reserves.

Tassat CEO Glen Sussman (Tassat)

Finance

UK digital bond plans hinge on one missing piece: onchain cash

Experts say Britain's digital gilt pilot can unlock trapped liquidity in financial markets only if regulators approve an onchain stablecoin.

UK Prime Minister's official residence and headquarters. (Sgt. Tom Robinson/Wikipedia Commons)

Tech

Balance stablecoin collapses 99% after $1 million exploit drains its bitcoin vaults

An attacker fed the lending system a fake, abnormally low bitcoin price, liquidated vaults that should have been safe, and pocketed the difference in a single transaction.

Computer coding, hacks. (Mika Baumeister/Unsplash)

Finance

Augustus raises $180 million to build a clearing bank for the AI and stablecoin era

The firm, freshly valued at $1 billion, aims to replace legacy correspondent banking with always-on infrastructure that connects traditional payment systems and stablecoins.

Augustus CEO Ferdinand Dabitz (Augustus)

Finance

Amazon Japan supplier AZ-Com Maruwa to adopt yen stablecoin JPYC for payments

The Japanese logistics firm plans to pay 2,300 partners, including truck drivers, using JPYC in Japan’s first large-scale corporate stablecoin rollout.

Men in yellow shirts delivering boxes in Tokyo. (Iban Lopez Luna/Pexels)

News Analysis

Tether's USDT hits 2-year countdown threatening its position on U.S. crypto platforms

The GENIUS Act has hit its first anniversary without U.S. regulators yet meeting deadlines to write regulations, though rules will be in full effect by July 2028.

U.S. Capitol and Tether (Jesse Hamilton/CoinDesk)

Finance

Crypto executives say digital native generations may never need a bank account

Steakhouse Financial co-founder Adrian Cachinero says digital-native generations may rely less on banks, while Binance says younger users are already driving crypto adoption in emerging markets.

Kids with phones (Tim Gouw/Unsplash)

Finance

Trump targets Brazil's payments system while dollar stablecoins are quietly overtaking country's payments

Washington views Brazil’s promotion of non-dollar payment channels, including Pix and the growth of stablecoins, as a potential threat to dollar-based trade, even as dollar-linked stablecoins account for about 90% of Brazil's crypto transactions.

Donald Trump points at the audience during a press conference at the White House (Getty Images)