Japan’s three largest banks, @MitsubishiUFJ, @SumitomoMitsui, and @MizuhoFG, plan to launch a stablecoin pegged to the yen for corporate clients, enhancing blockchain-based digital money adoption. #Update #Crypto $USDT
@Coinbase launches “Coinbase Business” for USDC payments, offering 4.1% APY on balances and integrations with QuickBooks/Xero. Exploring stablecoin utility across platforms amid competition with Circle. #Update #Crypto $USDC
@BNY_Mellon is exploring stablecoin infrastructure development but hasn’t committed to launching its own token, focusing on supporting the ecosystem instead. #Update #Crypto $USDC
Federal Reserve Governor Michael Barr warns of risks in stablecoin regulations, citing past financial crises; industry awaits clarity post-GENIUS Act while Tether’s USDT operates offshore. #Update #Crypto $USDT
On Wednesday, @Paxos mistakenly minted $300 trillion of PYUSD on Ethereum due to a technical glitch, quickly resolved by burning the excess. All customer funds remain safe. #Update #Crypto $PYUSD
Stablecoins are set to transform cross-border payments, offering advantages like instant settlement and reduced costs, according to @WilliamBlair. They predict a “golden age” for stablecoin commerce. #Update #Crypto $USDC
Stablecoins, with a market cap over $250B and transaction volumes exceeding Visa and Mastercard, are becoming essential for payments, driven by regulation and liquidity, despite risks like reserve transparency. #Update #Crypto $USDT
@Citigroup CEO Jane Fraser asserts that tokenized deposits will lead digital finance, emphasizing their advantages over stablecoins. She notes institutional demand for seamless, compliant payment solutions. #Update #Crypto $USDC
@SPGlobal is partnering with @Chainlink to provide real-time stablecoin risk assessments on-chain, evaluating 10 stablecoins including $USDT and $USDC as the market capitalization reaches $305 billion. #Update #Crypto $USDT
@CitiVentures has invested in stablecoin payments platform BVNK, joining @Visa’s backing. BVNK processes over $20B annually, reflecting growing interest in stablecoins for crypto transactions. #Update #Crypto $USDC
A7A5, backed by sanctioned Promsvyazbank, legally participated in Token2049 per Singapore’s regulations; Bitcoin drops to $122K amid profit-taking. #Update #Crypto $BTC
Solana’s $15B stablecoin supply and ETF demand are driving its next growth phase. #Update #Crypto $SOL
@SWIFT is developing a shared ledger platform for banks to settle transactions with stablecoins and tokenized assets, engaging over 30 financial institutions. #Update #Crypto $USDC
The Sui blockchain will launch its first native stablecoins, USDi and suiUSDe, backed by @BlackRock and @Ethena, enhancing liquidity and utility on the platform. #Update #Crypto $SUI
