Stablecoins
Stablecoin Clearing Startup Ubyx Raises $10M Round Backed by Galaxy, Coinbase, Others
The firm's stablecoin clearing system aims to facilitate adoption by solving the stablecoin sector's fragmentation problem.
Walmart, Amazon Mull Dollar-Pegged Stablecoins in the U.S.: WSJ
Wall Street Journal reported that the retail giants are exploring digital currencies to bypass card fees and banks.
Shopify to Enable USDC Payments on Coinbase's Base for Merchants Worldwide
The integration is set to roll out on June 12 to a limited group of early access merchants, with wider availability expected later in the year.
Conduit, Braza Group Debut Stablecoin Forex Swaps for Cross-Border Payments in Brazil
Stablecoin rails cut payment processing time to minutes from a few days on traditional SWIFT rails, the companies said.
Jack Ma's Ant International Seeks Stablecoin Licenses in Hong Kong, Singapore: Bloomberg
Hong Kong has been establishing a stablecoin regime since 2023, with the legislation expected to go into effect in August
Senate Begins Passage of Stablecoin Bill as House Marks Market-Structure Wins
The U.S. Congress is in the thick of its crypto efforts this week, with the Senate starting on final votes to approve its first-ever crypto bill.
Meta's Stablecoin Plan Questioned by Democrats Ahead of Key Senate Vote
Sens. Elizabeth Warren and Richard Blumenthal sent a letter to Meta asking whether it's lobbied for the GENIUS Act or has any plans to join an issuer in any way.
Sam Altman’s World Chain Adds Native USDC Stablecoin and Circle’s Cross-Chain Service
World Network also integrates Circle’s Cross-Chain Transfer Protocol (CCTP V2) to move USDC across a range of blockchains.
PayPal Brings Its Stablecoin to Stellar for Cross-Border Remittances, Payments Financing
PayPal USD (PYUSD) plans to use Stellar for new payments and remittance use cases, as well as bringing PayFi options to millions of users and merchants.
