@MoodysRatings assigns @Ripple’s RLUSD stablecoin investment-grade A2 and top-tier short-term P-1 ratings, citing its reserves and redemption terms while flagging legal risks. #Update #Stablecoins
@Ripple and @C2FO plan to settle early supplier payments on the XRP Ledger using RLUSD. Invoice terms stay unchanged; a limited U.S. rollout is planned. #Update #Payments $XRP
@Anchorage Digital Bank now holds @Bitso’s MXNB peso stablecoin across six blockchains. @Bitso also listed Western Union’s USDPT and @Tether’s USAT for cross-border payments. #Update #Stablecoins
@Robinhood and @Ripple plan to bring RLUSD to the Robinhood app later this year, use it for settlement on the $XRP Ledger, and integrate Ripple Treasury. #Update #Stablecoins $XRP
@WORPT launched a wallet under Thailand’s regulatory sandbox, letting foreign tourists convert $USDT and $USDC into baht and pay merchants through QR PromptPay. #Update #Payments $USDT
Canada opened a 60-day consultation on stablecoin rules that would require 1:1 reserves, redemption rights and Bank of Canada oversight for issuers of tokens like $USDC. #Update #Regulation $USDC
@Ripple launched 24/7 Returns for eligible businesses to earn returns on idle operating cash held as qualifying digital assets, including RLUSD, in a Ripple wallet. #Update #Treasury
Four French financial authorities urge changes to the Markets in Crypto-Assets Regulation to allow regulated third-party stablecoin rewards, opposing the European Central Bank’s wider ban. #Update #Regulation $USDC
@DefiLlama data shows $USDC supply fell $878.72M over seven days to $71.743B, adding to concerns about crypto buying power. Tokenized Treasuries complicate the picture. #Update #Stablecoins $USDC
@HSBC launched its regulated Hong Kong dollar stablecoin, RedCoin, through PayMe, giving 3.3 million users access to instant transfers and payments at over 100,000 merchants. #Breaking #Stablecoins
@HSBC launched $RCHKD, its Hong Kong dollar-pegged stablecoin, and plans to offer transfers and merchant payments to 3.3 million PayMe users in the coming days. #Update #Stablecoins
DeFi lending vault deposits have topped $10 billion. @Zigfinance warns that reused collateral and withdrawal pressures could spread losses across platforms, while @EchoBase calls for capital buffers. #Update #DeFi
@Fireblocks denied an @Axios report that @Visa was in talks to buy it for $2.5 billion. Visa declined to comment. #Update #Acquisitions
Colombian crypto broker Leonardo de Jesus Zuluaga Duque received a 160-month prison sentence for laundering drug proceeds through $USDT; a judge ordered $14.75 million forfeited. #Update #Legal $USDT
