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
stablecoins
Bitcoin Stock Surges on $50M Buyback
@BitGo announces a $50 million share buyback as its stock remains 65% below IPO price amid declining investor sentiment in crypto markets, with notable companies like Kraken halting efforts. #Update #Crypto $BTC
Blockchain Revolutionizes $6 Trillion Trade Market
@ARP_Digital has processed over $3.5B in transactions, integrating with Fireblocks Network to enhance trade among emerging economies, addressing legacy banking issues. #Update #Crypto $USDT
Crypto Infrastructure Set to Generate Trillions
Many experts, including @CharlesHoskinson, predict AI agents will surpass human relevance by 2035, yet compliance issues hinder their integration in finance. #Update #Crypto $ADA
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
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
Ripple Invests in Flutterwave for African Payments
@Ripple invested in Flutterwave’s Series E funding round, valued at $3.2B, to integrate its RLUSD stablecoin for cross-border payments across Africa using the XRP Ledger. #Update #Crypto $XRP
FDIC Urged on Crypto Stablecoin Coordination
The U.S. Government Accountability Office urges the FDIC to enhance coordination on crypto and stablecoin risks, highlighting fragmented oversight in Washington. #Update #Crypto
Solana Institute Urges Senate Developer Protection
The Solana Policy Institute urges U.S. Senate to protect open-source developers in the CLARITY Act debate, highlighting potential impacts on DeFi and crypto infrastructure. #Update #Legal $SOL
Stablecoin Rewards Boost White House UFC Contest
@WorldLibertyFinancial’s USD1 stablecoin is now 93% utilized, affecting retail depositors’ withdrawals. The company repaid $25M and minted an equal amount while facing litigation with Justin Sun. #Update #Crypto $USD1
Stablecoins Fail to Disrupt Finance Landscape
Onchain dollars are shifting towards real assets like money market funds and U.S. treasuries, with tokenized assets now valued in billions, indicating a move away from circular yield mechanisms. #Update #Crypto $USDT
Kraken Launches USDCx on Canton Network
Kraken enables USDCx deposits and withdrawals on Canton Network, a Layer 1 blockchain for regulated financial institutions with privacy features. USDCx is backed 1:1 by $USDC. #Update #Crypto $USDC
USDC PSM Buffer Proposal Doubles to $800M
BA Labs proposes doubling LITE-PSM-USDC-A parameters in Sky stablecoin system, increasing daily refresh capacity to 1.6B and serving capacity to 2.4B; pending Executive Vote approval. #Update #Crypto $USDC
Kraken Launches USDCx on Canton Network
Kraken now supports USDCx deposits and withdrawals on the Canton Network, enhancing stablecoin infrastructure for institutional finance. USDCx is backed 1:1 by USDC in Circle’s xReserve. #Update #Crypto $USDC