Stablecoins

Stablecoins

Policy

Japan's Financial Regulator to Approve First Yen-Denominated Stablecoin: Report

Approval of JPYC's yen-pegged token could happen as early as the next few months.

Japanese Yen. (Shutterstock)

News Analysis

Why Circle and Stripe (And Many Others) Are Launching Their Own Blockchains

Firms aim to own their settlement rails to boost efficiency, compliance and revenue from digital asset payments, analysts said.

Railways (Unsplash/Getty Images)

Finance

Circle to Offer 10 Million Class A Shares at $130 Each

The price is more than quadruple the June IPO price of $31 when the company debuted on the New York Stock Exchange.

Circle Chief Strategy Officer Dante Disparte (left) and CEO Jeremy Allaire (Nikhilesh De/CoinDesk)

CoinDesk Indices

Crypto for Advisors: Asian Stablecoin Adoption

Examining South Korea’s tightly controlled CBDC approach versus Japan’s open stablecoin framework, and what these shifts could mean for investors.

Compass in blue color

Finance

USD.AI Raises $13M to Expand GPU-Backed Stablecoin Lending

Framework Ventures leads Series A for GPU-collateralized stablecoin protocol USD.AI

16:9 USD.AI team (Permian Labs)

Policy

Terra's Do Kwon to Change 'Not Guilty' Plea in US Fraud Case

Do Kwon previously had pleaded "not guilty" to multiple fraud charges earlier this year.

CoinDesk

Policy

Animoca Brands and Standard Chartered Establish Stablecoin Issuer in Hong Kong

The joint venture, known as Anchorpoint, also includes Hong Kong Telecom and aims to build a business model for the issuance of licensed stablecoins.

Yat Siu, co-founder and executive chairman of Animoca Brands. (Shutterstock/CoinDesk)

Finance

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

Ripple CEO Brad Garlinghouse at Korea Blockchain Week. (Parikshit Mishra/CoinDesk)

Policy

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.

 (Daniel Bernard/Unsplash)

Finance

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.

Slash founders Kevin Bai and Victor Cardenas (Slash)