#Stablecoin

Highlights: Mercuryo and Coinbase partner to reduce USDC fees on MetaMask via Base. Users benefit from around 50% fee savings for USDC on-ramps. Stablecoin demand rises with Circle’s new Layer 1 announcement. Mercuryo and Coinbase have teamed up to reduce […]

Highlights: US bank groups warn GENIUS Act loophole could trigger $6.6 trillion deposit outflows. Yield payments via exchanges may bypass the law and risk credit supply and higher borrowing costs. The stablecoin market is currently $280.2 billion, projected to reach […]

Highlights: Circle to launch Arc, an EVM-compatible blockchain using USDC as its native gas token. Arc will target stablecoin payments, FX, and tokenized assets with sub-second settlement. Circle reported $658M Q2 revenue and 90% USDC supply growth to $61.3B. Stablecoin […]

Highlights: Paxos seeks U.S. trust bank license to boost federal oversight. The approval would allow Paxos to hold assets and settle payments. The firm joins Ripple and Circle in applying for OCC trust charters. Paxos, the cryptocurrency firm behind PayPal’s […]

Highlights: China cracks down on stablecoin promotion amid fraud risks. Despite the crackdown, China explores yuan-backed stablecoins. Hong Kong’s stablecoin policies signal a different approach. China is cracking down on the promotion of stablecoins, concerned that emerging risks revolve around […]

Highlights: Animoca and partners seek stablecoin license from Hong Kong regulator. Hong Kong establishes strict guidelines for stablecoin issuers to guarantee safety and transparency. Major companies like JD.com and Ant are planning to launch stablecoins under new regulations. On August […]

Highlights: KakaoBank eyes Won-backed stablecoins amid South Korea’s digital asset market expansion. KakaoBank aligns with national efforts to regulate and issue local currency-backed stablecoins. Kakao’s stablecoin task force unites key affiliates to streamline digital asset strategies. KakaoBank has revealed its […]

Highlights: SEC’s updated stablecoin accounting rules now allow qualifying U.S. dollar-pegged tokens to be treated as cash equivalents. Stablecoins with full cash or Treasury backing, a 1:1 U.S. dollar peg, and guaranteed redemption rights are now eligible for cash classification. […]

The crypto market faced sharp shifts last week as macro factors weighed on prices and sentiment. The White House outlined a national digital asset strategy, aiming for global leadership. Ethereum revealed a 10-year development roadmap while hitting a $10 billion […]

Highlights: Bank of Korea creates virtual asset unit to lead stablecoin talks and crypto monitoring. BOK also renames the CBDC team to show a move from research to real digital work. The bank delays CBDC test as stablecoin support grows […]

Highlights: Nigeria SEC backs stablecoin startups within regulatory limits. Startups now operate within the Nigeria SEC’s innovation sandbox. New digital asset rules aim to drive economic innovation. Nigeria has officially announced that it will welcome stablecoin companies to the country, […]

Highlights: OSL Group raised $300 million to speed up stablecoin and payment network development. Investor confidence grows as OSL stock jumps 120% despite a discounted fundraising share price. New acquisitions and licenses position OSL as a major regulated crypto industry […]