Stablecoins
Tether Reports $4.9B Net Profit in Q2, Invested $4B in U.S. Initiatives
The firm held roughly $8.9 billion in bitcoin in the reserves, translating to roughly 83,200 coins.
Visa Expands Settlement Platform to Stellar, Avalanche, Adds Support for 3 Stablecoins
Visa's platform now supports four stablecoins across four blockchains, including Ethereum and Solana.
Coinbase, JPMorgan Deal Signals Shift in Institutional Posture Towards Crypto: Bernstein
Coinbase and JPMorgan have forged a strategic partnership, signaling institutional embrace of crypto infrastructure, the Wall Street broker said.
WLFI Invests $10M in Falcon Finance to Boost On-Chain Dollar Liquidity
The investment comes as Falcon Finance surpasses $1 billion in circulating supply following its public launch.
Hong Kong Releases Guidance on Strict Rules for Stablecoin Issuers
The Hong Kong Monetary Authority encouraged firms that are fully prepared to apply for a stablecoin license to do so by the end of September.
Coinbase Reaps Growing Rewards from Circle Ties and USDC Economics: JPMorgan
In the first quarter of this year alone, Coinbase earned roughly $300 million in distribution payments from Circle, and that's just the start.
ECB Says U.S.-Backed Stablecoin Use in EU Could Weaken Its Monetary Autonomy
U.S. dollar stablecoins will cement their dominance unless alternatives like the digital euro arise, an adviser to the European Central Bank said.
Zodia Markets Raises $18.25M to Fuel International Expansion, Stablecoin Payments
The Series A funding round was led by Pharsalus Capital and included contributions from Circle Ventures, The Operating Group and XVC Tech
Stablecoin Supply to Grow as Much as $75B Following Passage of GENIUS Act, BofA Says
The bank expects further adoption of tokenized assets and money market mutual funds once the crypto market structure bill, the CLARITY Act, becomes law.
Crypto Industry Asks President Trump to Stop JPMorgan’s 'Punitive Tax' on Data Access
A coalition of fintech and crypto trade groups is urging the White House to defend open banking and stop JPMorgan from charging fees to access customer data.
