Ripple Launches 24/7 Asset Swaps
Ripple Prime introduces support for RWA perpetual swaps, enabling 24/7 trading across 100+ markets. Virtu participates, using RLUSD for collateral. #Update #Crypto $XRP
Stablecoin
USDC Surges as Europe’s First Stablecoin
Circle’s USDC becomes the first significant e-money token in Europe under MiCA, with EBA oversight starting Nov. 12, alongside French ACPR supervision. #Update #Crypto $USDC
Mastercard Launches Stablecoins at Retail Checkouts
@Mastercard and BVNK launch a platform enabling stablecoin spending at millions of merchants via Mastercard’s network, integrating fiat and stablecoins through one API. #Update #Crypto $USDC
Bitcoin Imports Surge as US Leads Again
The U.S. is now a net bitcoin importer, driven by transfers over $10 million, highlighting Americans’ preference for $BTC as a store of value. #Update #Crypto $BTC
Polygon Launches US-Regulated Payments System
Polygon Labs finalizes Coinme acquisition, expanding regulated payments to 48 U.S. states via Open Money Stack platform. Early adopters include Tazapay, Mesh, Toku, and Kira. #Update #Crypto $MATIC
Stablecoin Services Disrupted by Ukraine Sanctions
Ukrainian drone strikes on Yandex data centers disrupted A7A5 stablecoin services, causing trading volume collapse despite a $450M market cap. Users report service issues and unpaid interest. #Update #Crypto
Euro Stablecoin License Granted to 37 Banks
The Dutch central bank has granted @Qivalis an electronic money institution license, advancing a 37-bank consortium towards launching a euro-pegged stablecoin. #Update #Crypto $EUR
Ripple’s $10M Donation Sparks $900M Potential
Ripple allocates $10M of its $15M RLUSD donation to lending equity, potentially generating $156M in loans and $900M GDP over a decade. #Update #Crypto
XRP Ledger Gains Standard Chartered Custody
Standard Chartered launches custody for Ripple’s RLUSD on the XRP Ledger, enhancing institutional access to stablecoin infrastructure. Implementation pending further testing and approvals. #Update #Crypto $XRP
Stablecoin Rules: 26 New Reporting Fields
The National Credit Union Administration proposes 26 new stablecoin reporting fields for credit unions, aiming for a March 2027 implementation. Comments are due by December 8. #Update #Regulation
Stablecoin USDKG Banned: 50M Tokens Burned
Kyrgyzstan shuts down USDKG stablecoin and Coin Nomad Exchange, burning 50.14M tokens after UK sanctions; USDKG holders must redeem before contract suspension. #Update #Crypto
Moody’s Approves Sky Protocol Stablecoin Rating
Moody’s assigns @SkyProtocol a B3 rating, marking its first stablecoin protocol rating. Sky manages $10B in assets with $90M equity. #Update #Crypto
Bitcoin Crashes Below $83K Amid Liquidations
Kazakhstan and @Tether signed a pact to explore a tenge stablecoin and tokenized assets, with no immediate launch. #Update #Crypto $USDT
Tether Launches Tenge Stablecoin in Kazakhstan
@Tether has signed a memorandum of understanding with the National Bank of Kazakhstan and Alatau City Authority to explore a tenge-pegged stablecoin and asset tokenization framework using Hadron by Tether. #Update #Crypto $USDT