Stablecoins

Stablecoins

Finance

Plasma Unveils First Stablecoin-Native Neobank, Targeting Emerging Markets

The rollout comes ahead of Plasma’s mainnet beta launch on September 25.

Plasma (Ramon Salinero/Unsplash)

Markets

Asia Morning Briefing: China’s Car, America’s Currency — Why Stablecoins Keep the Dollar in the Driver’s Seat

A BYD Dolphin Mini sold for USDT in a BRICS country highlights the irony of China’s de-dollarization drive, where the yuan is sidelined to academic theories about a post-U.S. order, while crypto-dollars power real-world trade.

Tether (CoinDesk)

Markets

Coinbase CEO: 'We Want to Become a Super App and Provide All Types of Financial Services'

Brian Armstrong told Fox Business that Coinbase aims to be users’ primary financial account while addressing U.S. crypto rules and pressure from banks.

Coinbase logo shown on a laptop screen

Finance

Stablecoin Adoption Set to Surge After GENIUS Act, Hit $4T in Cross-Border Volume: EY Survey

With increasing regulatory clarity, 54% of firms in the survey said they plan to adopt stablecoins within the next year.

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

Policy

U.S. Treasury Takes Next Step in Turning GENIUS Act Into Stablecoin Regulations

The crypto industry has entered the long slog of rule writing on the stablecoin law, and the Treasury is inviting input on how to deal with illicit activity.

Treasury Department columns and statue (Jesse Hamilton/CoinDesk)

Markets

U.S. Stablecoin Battle Could Be Zero-Sum Game: JPMorgan

Without significant expansion, the new wave of stablecoin launches may simply redistribute market share rather than grow the pie, said the bank.

The chart shows combined market value of top two stablecoins, USDT and USDC. (TradingView/CoinDesk)

Finance

PayPal's $1.3B Stablecoin Expands to 9 New Blockchains With LayerZero Integration

The interoperability protocol is introducing a permissionless version of the token to Aptos, Avalanche, Tron and several other chains.

PayPal logo on iphone screen (Marques Thomas/Unsplash)

Tech

Plasma to Launch Mainnet Beta Blockchain for Stablecoins Next Week

The team claims that the network will debut with more than $2 billion in stablecoin liquidity.

Plasma (Ramon Salinero/Unsplash)

Finance

Tether Co-Founder, Tokenization Pioneer Unveil Startup for GENIUS-Aligned Digital Dollars

STBL transforms tokenized securities such as money market funds into freely usable stablecoins, and allow-listed, interest-accruing NFTs.

Avtar Sehra sits on a chair in front of a microphone (Libre)

Policy

Australia's Financial Watchdog Offers Exemptions to Stablecoin Intermediaries

The exemptions mean intermediaries do not require a a separate Australian financial services license to distribute licensed stablecoins.

View of Sydney harbor with Habor Bridge and opera house. (Caleb/ Unsplash modified by CoinDesk)