Stablecoin
HSBC Opens Stablecoin Access to 3.3 Million Users, but How Many Will Actually Hold RedCoin?
HSBC Holdings plc (HSBA) launched its Hong Kong dollar-backed stablecoin, RedCoin (RCHKD), opening stablecoin access to 3.3 million users and more than 100,000 merchants. However, an analysis has highlighted that...
Blumenthal Probes Tether Payments Linked to Ex-White House Adviser Bo Hines
U.S. Senator Richard Blumenthal has requested records from Tether and consulting firm Nxum over reported multimillion-dollar payments involving former White House crypto adviser Bo Hines. The Connecticut Democrat is examining...
South Korea Plans FX Law Change to Tighten Stablecoin Transaction Oversight
South Korea is preparing changes to its foreign exchange law that would bring stablecoin payments under closer scrutiny. The government and Bank of Korea are looking to tighten oversight of...
Steve Everett: PayPal Issued $1B in Dividends via PYUSD Stablecoin
PayPal demonstrated how crypto stablecoins can speed up company payments by using its own stablecoin, PYUSD, to send over $1 billion between its US headquarters and overseas offices. Speaking on...
Trump’s GENIUS Act Stablecoin Rules: Can USDT and USDC Holders Still Earn Rewards in 2027?
Stablecoin holders may still earn rewards in 2027, but eligibility will depend on how platforms structure the payments. The OCC has finalized its first banking rule under President Donald Trump’s...
Coinbase and Thunes Join Forces to Expand Global Stablecoin Payments
Coinbase and payments network Thunes have partnered to expand stablecoin payments across international markets, allowing businesses and individuals to send funds to local bank accounts and mobile wallets. Announced October...
Mastercard Launches Stablecoin Security Tool to Flag Crypto Payment Risks
Mastercard has launched a service to help financial institutions screen stablecoin payments for fraud, sanctions violations and other financial crime risks before transactions are recorded on the blockchain. Announced at...
Mesh and Visa Bring Crypto Spending to 175 Million Merchants Worldwide
Mesh and Visa have partnered to let consumers spend cryptocurrency and stablecoin balances at more than 175 million merchant locations worldwide. Announced October 19, the integration connects digital wallets to...
BIS Warns Higher Bank Deposit Rates Could Cut Stablecoin Growth by 20%
Higher interest rates on bank deposits could slow the growth of stablecoins, according to new research from the Bank for International Settlements (BIS). A one-basis-point increase in deposit rates could...
Cross River Bank Integrates Ripple’s RLUSD for 24/7 Digital Payments
Cross River Bank is integrating Ripple’s RLUSD stablecoin into its banking platform, allowing fintech companies to settle dollar-backed digital payments around the clock. Announced on October 15, the integration connects...
Higher Bank Rates Are Slowing Stablecoin Growth, With USDC Hit Hardest: BIS
Rising US deposit rates are slowing stablecoin growth, and Circle’s USDC is feeling the squeeze far more than Tether’s USDT, according to a working paper released this month by the...
ESMA Sets Firm MiCA Compliance Deadline for Stablecoins in the EU
The European Securities and Markets Authority (ESMA) has announced a January 8, 2027 deadline for EU crypto-asset service providers (CASPs) to completely phase out services for unauthorized stablecoins. In its...
Coinbase Sees AI Agents Building a New Payment Layer for the Internet
AI agents could create a new payment layer for the internet as they begin paying for content, data and services, Coinbase executive Faryar Shirzad said Oct. 7. Shirzad highlighted a...
Anchorage Digital Cuts 17% of Staff Despite $4.2B Valuation and Tether Backing
Anchorage Digital is cutting about 17% of its workforce as weaker crypto market conditions put pressure on the company’s operations, according to reports. CEO Nathan McCauley told employees about the...
HSBC Names Its Hong Kong Stablecoin ‘RedCoin,’ Targets PayMe’s 3.3 Million Users
HSBC unveiled the name of its upcoming stablecoin, HSBC RedCoin, positioning the token to reach more than 3.3 million users of its PayMe mobile payment app when it launches before...
Circle Foundation Funds UN Stablecoin Trials for Faster Aid Payments
Circle Foundation is funding new digital payment trials for the United Nations, with projects focused on development programs and humanitarian aid. The foundation announced two grants on September 25 for...
Fasset CEO Mohammad Raafi Hossain: Stablecoins Are Reshaping Global Money Movement
Crypto’s narrative is shifting from price speculation to real-world utility, with stablecoins emerging as a key bridge between traditional finance and digital assets. In regions where access, speed, and cost...
Small Crypto Transactions Jump 78% While Stablecoins Gain Market Share
Small crypto transactions grew sharply over the past year, even as the overall crypto market lost about $2.1 trillion in value, according to Chainalysis’s 2026 Global Crypto Adoption Index, released...
Fed Proposes Tougher Stablecoin Rules as US Payment Framework Takes Shape
The Federal Reserve proposed new stablecoin rules on Thursday as U.S. regulators continue building a federal framework for digital payments. Under the plan, payment stablecoin issuers would need enough approved...
Agora Wins Preliminary OCC Approval to Launch U.S. National Trust Bank
Agora has received preliminary conditional approval from the Office of the Comptroller of the Currency to establish a national trust bank in the U.S., moving the stablecoin company closer to...
World Money Expands to 150+ Countries With Payments and Investing
World has begun rolling out World Money in more than 150 countries. The service supports payments, stablecoins and investing, while allowing users to manage funds, transfer assets and track their...
Circle Brings USDC, EURC to Nu’s 140M-Customer Global Payments Push
Circle is bringing its USDC and EURC stablecoins to Nu Global, giving Nu’s more than 140 million customers access to dollar- and euro-denominated balances through its international payments service. The...
Tether Backs $400M Fund to Push USDT Into Global Credit Markets
Tether and Fasanara Capital are committing $400 million to a private credit fund that will use USDT for cross-border lending, expanding the stablecoin’s role in institutional finance. The firms launched...
HUMO Stable Token Tests One Soum Peg With Government Securities as Backing
Uzbekistan has started testing the HUMO stable token, designed to equal one soum. HUMO Digital will issue it under a pilot overseen by two national regulators. Notably, that stated parity...
Stablecoin Selloffs Can Accelerate After a Critical Shock Threshold: Study
Stablecoins may remain stable through ordinary bouts of bad news, but a severe shock can quickly turn into a much deeper selloff, according to research from Renmin University of China....
