Stablecoins

Stablecoins

Finance

Alibaba Founder-Backed Ant Group to Integrate Circle’s USDC on Its Blockchain

The move is part of Ant's broader effort to build a platform that supports various forms of digital currencies, including tokenized assets.

Circle's logo on a building (Sandali Handagama/ CoinDesk)

Policy

Australia's Central Bank to Explore Developing Wholesale Tokenized Asset Markets

Issuance of pilot wholesale CBDC for testing the use cases will take place on different blockchain platforms, such as Hedera and R3 Corda.

Australia's government is taking a deliberate approach toward creating crypto laws. (Unsplash)

Finance

Monad Acquires Portal Labs to Expand Stablecoin Payments on High-Speed Blockchain

Raj Parekh, Portal co-founder and a former Visa crypto director, will lead Monad’s stablecoin strategy following the acquisition.

U.S. dollar (Unsplash, modified by CoinDesk)

Policy

Crypto Industry Pitches Market Structure Ideas to U.S. Senators in Hearing

In the runup to 'Crypto Week' in the House next week, a Senate Banking Committee hearing dug into policy ideas as Senator Warren flagged Trump "corruption."

Ripple CEO Brad Garlinghouse prepares to testify in the Senate (Jesse Hamilton/CoinDesk)

News Analysis

U.S. House Ditching Its Stablecoin Bill to Back Trump's Choice From Senate

Heading into next week's "Crypto Week" on Capitol Hill, the House of Representatives is lining up a few votes as it puts its major focus on the Stability Act.

Rep. French Hill (Nikhilesh De/CoinDesk)

Policy

Over 40 Firms Prepping for Hong Kong Stablecoin License Applications: Report

The number of approved applications is expected to be small, according to reports from China media.

Hong Kong's skyline (Chris Lam/CoinDesk)

Finance

Ex-ECB Official Urges Europe to Back Euro Stablecoins or Risk Losing Financial Power

Ex-ECB board member Lorenzo Bini Smaghi warned the EU's slow roll-out of euro stablecoins could cede control to dollar-backed tokens.

Euro notes (jojooff/Pixabay)

Policy

JD.com, Ant Group Push for Yuan-Based Stablecoins to Counter Dollar Rule: Reuters

They propose launching stablecoins in Hong Kong backed by the offshore yuan, aiming to boost the Chinese currency's global role

China renminbi bills (Moerschy/Pixabay)

Markets

JPMorgan Sees Stablecoin Market Hitting $500B by 2028, Far Below Bullish Forecasts

88% of current stablecoin demand comes from crypto-native activity, with payments accounting for only 6%, the report said.

(Shutterstock)

Finance

Ripple Expands Stablecoin Infrastructure Partnership as It Seeks Bank License

The partnership will integrate Ripple's payments network with OpenPayd's fiat rails, supporting Ripple USD (RLUSD).

Ripple on the water (Linus Nylund/Unsplash)