Coinbase Backs $32M Stablecoin Startup
Trace Finance raises $32M led by CoinFund as Brazil reclassifies cross-border crypto flows, expanding into Latin America, U.S., and Asia-Pacific. #Update #Finance
Stablecoins
Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Yen Stablecoin Launches by Japan’s Megabanks
Japan’s largest banks, @MUFG, SMBC, and Mizuho, collaborate on a yen-backed stablecoin framework targeting Japan’s 2026 fiscal year; regulatory approval pending. #Update #Crypto
Stablecoin Settlement Expansion Secures $32M Funding
@TraceFinance raised $32M in Series A funding led by CoinFund to enhance stablecoin settlement infrastructure for cross-border payments in Latin America, US, and Asia-Pacific. #Update #Crypto $USDC
CBDC Ban Blocks Fed Digital Dollar
Lawmakers propose a bipartisan deal blocking Federal Reserve from issuing a central bank digital currency until December 31, 2030. Awaiting votes. #Update #Legal
Sui Stablecoin Transfers Surge to $65B
Sui processed $65 billion in stablecoin transfers after a gasless fee update, raising questions about sustained liquidity and user demand. #Update #Crypto $SUI
EU Opens Consultation on MiCA Stablecoin Rules
The European Union opens a consultation on MiCA stablecoin regulations, addressing interest rules, DeFi risks, and classification gaps ahead of the July crypto authorization deadline. #Update #Crypto $USDT
Senators Urge Treasury to Include States in Stablecoin Process
U.S. senators urge the Treasury to include state regulators in the implementation of the GENIUS Act for stablecoins, emphasizing the need for clear certification processes. #Update #Legal $USDC
State Street Launches $5.5T Stablecoin Fund
@StateStreet has launched the State Street Stablecoin Reserves Money Market Fund, compliant with the GENIUS Act, aimed at fulfilling stablecoin reserve requirements. Initial backers include Anchorage Digital. #Update #Crypto $USDC
Tether Partners with DMCC for Dubai Tokenization
Tether signed a non-binding MoU with DMCC to explore USDT payment pilots and RWA tokenization through the DMCC Crypto Centre. #Update #Crypto $USDT
Stablecoin Reserves Boosted by State Street Fund
@StateStreet has launched a money market fund for stablecoin issuers, aligning with the GENIUS Act, targeting reserve assets like US government securities. #Update #Crypto $USDT
Trezor Launches Native USDt USDC Yield Integration
Trezor integrates with Morpho, allowing users to earn yield on $USDT and $USDC directly through Trezor Suite without external wallets or DeFi apps. #Update #Crypto $USDT $USDC
Stablecoin Race Heats Up State Street Launches Fund
State Street launches SSCXX money market fund with $121M AUM and 3.51% yield, enabled by the GENIUS Act. Anchorage Digital joins as seed investor. #Update #Finance
Stablecoin Reserves Surge with New Fund Launch
@StateStreet launched the Stablecoin Reserves Money Market Fund, targeting stablecoin issuers as asset management competition intensifies. Initial investors include State Street Bank and Anchorage Digital. #Update #Crypto $USDC
IMF Warns: Stablecoin Risks Surge in Nigeria
The IMF reports “striking” stablecoin adoption in Nigeria, warning of risks like digital dollarization and illicit finance; urges pragmatic regulation. #Update #Crypto $USDT