Japan's **SBI VC Trade** will launch **JPYSC** yen stablecoin lending on **July 16**, offering a **3% annual rate** for a **12-week term** without deposit insurance.
Japanese convenience store giant **Lawson** is set to trial **yen stablecoin payments** in **Tokyo**, while **Netstars** has launched a new merchant service supporting **USDC**, **USDT**, and **JPYC**.
The stablecoin market cap has shrunk by $10 billion since May, with $7.7 billion in June alone, the largest monthly drop since May 2022.
Circle, the issuer of the USDC stablecoin, has secured U.S. trust bank approval, marking a significant step in its regulatory expansion.
Sony Bank has secured preliminary approval from the OCC to launch a US stablecoin issuance business with $40 million in initial capital.
Global financial super app Revolut has announced that it will wind down support for Tether's stablecoin, USDT, exclusively within the EEA and Switzerland.
Sony Bank's New York subsidiary has secured conditional approval to establish a U.S. stablecoin trust bank, capitalized with $40 million.
The Bank of Korea is pushing for bank-led won stablecoin issuance and advancing deposit token pilots, despite ongoing debates on issuer rules.
Mobile financial app Toss, blockchain Optimism, and Sunnyside Labs are exploring a Korean won-based stablecoin for payments.
Richard Heathcote, Tether's former investment chief, is reportedly seeking to sell a portion of his 1.26% stake in the stablecoin issuer.
A former Tether CIO is reportedly seeking to sell their stake in the stablecoin issuer, as Tether maintains it has no plans for an IPO.
Digital banking platform Revolut will delist Tether (USDT) after August 31, citing regulatory and risk concerns, with remaining holdings converted to base currency.
Aave has launched its V3 lending protocol on Monad, backed by $15 million in incentives, expanding its reach with 12 supported assets and its GHO stablecoin.
Standard Chartered and Circle launched bank-led USDC minting and redemption for institutions, starting in Dubai’s DIFC with global expansion plans.
Investment bank Jefferies has advised against buying shares in Circle, the issuer of the USDC stablecoin, citing new competition from the Stripe and Coinbase-backed Open USD.
French banking giant Crédit Agricole launched its EURXT euro stablecoin with 20 million tokens in circulation, backed 1:1 by euro reserves.
Bernstein analysts suggest OUSD could become a strong new challenger to the dominant Circle-Tether stablecoin duopoly.
Crédit Agricole's institutional banking arm, CACEIS, has launched EURXT, a euro-pegged stablecoin on Ethereum, with an initial issuance of 20.02 million tokens.
The Stripe- and Coinbase-backed OpenUSD stablecoin consortium is challenging Circle's business model, reportedly causing a drop in Circle's stock.
Shares of Circle, the issuer of the USDC stablecoin, plummeted 13% after Stripe, Coinbase, and BlackRock announced support for a new rival stablecoin network, Open Standard's Open USD.
MetaMask has launched its new Money Account, providing users with up to a 4% variable APY on mUSD stablecoin balances and integrated card spending.
Tether's USDT stablecoin is trading at a significant 7% to 10% premium in India, driven by high demand and thin local liquidity.
BNY Mellon has integrated USDC minting and redemption services into its institutional custody platform, deepening its partnership with Circle.
Breez's new SDK feature allows users to make payments with Bitcoin, enabling recipients to receive USDC and USDT across over 30 blockchains without holding stablecoins.
Tether's USDT stablecoin recently traded at an 8.5% premium in India, double the usual gap, after regulatory raids disrupted its supply.
Tether now allows XAUT holders to borrow against their $23 billion gold stockpile, mirroring Bitcoin-backed lending for liquidity.
The stablecoin Tether (USDT) has surpassed Ether (ETH) in market capitalization, with ETH's price falling to $1,500 amidst market volatility.
Ethena's USDe synthetic dollar has seen its circulating supply shrink by a significant 70% since its $14 billion peak in the October bull market.
Ethena's synthetic dollar, USDe, has seen its circulating supply contract by a significant 70% from its $14 billion October peak, as StablecoinX prepares for its Nasdaq debut this Friday.
Stablecoin issuer Circle and Nomura are collaborating to integrate cross-border foreign exchange settlements into Japan's $440 billion daily forex market by next year.
Circle and Nomura are reportedly collaborating to introduce stablecoin-based foreign exchange (FX) settlement for Japanese companies.
Ripple's RLUSD stablecoin launched in Japan, cleared by the financial regulator as a new payment instrument and offered by SBI VC Trade, currently valued at $1.7 billion.
Abracadabra Finance has raised interest rates across all its Cauldrons in an emergency effort to stabilize its MIM stablecoin amidst a worsening depeg.
The Bank of England has abandoned retail holding limits for stablecoins, instead setting a £40 billion aggregate cap ahead of a 2027 market launch.
AllUnity has introduced SEKAU, a new stablecoin pegged to the Swedish Krona, operating under the EU's MiCA framework with multi-chain compatibility.
Two US banks are pioneering a new token that seamlessly switches between a traditional bank deposit and a stablecoin, aiming to revolutionize payments.