Digital banking platform Revolut will delist Tether (USDT) after August 31, citing regulatory and risk concerns, with remaining holdings converted to base currency.
Cryptocurrency exchange Upbit has stated its interest in the OpenStandard ecosystem and OUSD initiative is limited to potential future participation.
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.
A new US dollar stablecoin, backed by Visa and Mastercard, aims to retain reserve earnings and challenge Tether’s USDT and Circle’s USDC.
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.
Decentralized finance leaders Uniswap and Spark are building shared liquidity and trading infrastructure for a future stablecoin FX market.
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.
Tether is winding down its gold-backed aUSDT derivative, strategically refocusing on its flagship stablecoin, USDT, and physically-backed XAUT.
Trace Finance has successfully raised $32 million to expand its cross-border stablecoin settlement services amidst evolving global regulations.
Users of the Ready USDC card outside the European Economic Area have reported service disruptions after an unannounced change in card providers.
Bipartisan US senators are urging the Treasury Department to safeguard state involvement in the implementation of upcoming stablecoin regulations.
Major financial institution State Street is reportedly launching a new money market fund aimed at managing reserves for the rapidly expanding stablecoin market.
Bybit has launched a dedicated options market for Tether Gold (XAUT), offering traders new tools for hedging and speculating on gold prices.
Fighters at a recent UFC event held at the White House received their bonuses in USD1, a stablecoin associated with World Liberty Financial.
MassPay is leveraging Coinbase's infrastructure to streamline global payouts using USDC, aiming to reduce costs and accelerate settlement times for businesses.