Tagged: stablecoin

Singapore’s StraitsX Raises $10m from UQPAY for Asia Expansion

StraitsX, a Singapore-based stablecoin settlement firm, has secured a $10 million strategic investment from cross-border payments provider UQPAY to fund regional expansion, while existing backer NTT Docomo also joined the round, the company said on Wednesday. StraitsX said the funding strengthens its ability to link… Read More

Fintech Thunes Introduces Account Top Ups and Withdrawals for Digital Assets Platforms

Thunes, the so-called Smart Superhighway to move money across the globe, recently introduced Account Top Up and Withdrawal solutions for digital asset platforms in order to connect with traditional finance and scale effectively. The enterprise-grade solutions give exchanges, infrastructure providers, networks and issuers the ability… Read More

Worldline, Fipto to Support Digital Payments Rails with Stablecoin Solutions

Worldline [Euronext: WLN], a global enabler of payment services, and Fipto, a European fintech providing stablecoin payment infrastructure, announced a partnership to look into how stablecoins may enhance settlement and payment services across Europe. Through collaboration, Worldline and Fipto are helping build the payment infrastructure… Read More

Modern Treasury Acquires Stablecoin Platform Beam

Modern Treasury this week announced the acquisition of Beam, a stablecoin and fiat payment platform for customers like Sling Money. With the addition of Beam’s technology and team, Modern Treasury’s money movement platform now spans both traditional and stablecoin settlement rails. “Instant payments and stablecoins… Read More

Custodia, Vantage Bank, Launch Tokenized Deposits for U.S. Banks

Access to tokenized deposits is now available to community and regional banks nationwide with Custodia’s bank-grade blockchain platform and Infinant’s Interlace platform. Vantage Bank, working in partnership with Custodia, invites banks and credit unions to join the consortium, which has developed a turnkey accretive solution… Read More

DeFi Lending Platform Spark Allocates $100M to Superstate’s Crypto Carry Fund

Spark, a DeFi lending platform & onchain asset allocator, reportedly allotted $100 million of its stablecoin reserves into Superstate’s USCC fund, a regulated crypto basis trading product that generates yield from price differentials between spot and futures markets. This update is said to mark one… Read More

YY Group to Integrate Obita’s Stablecoin Rails to Speed Cross-Border Payouts, Cut Costs

Singapore-based YY Group Holding Limited said it will integrate enterprise-grade stablecoin payment infrastructure from Obita to power cross-border receivables, payables and treasury operations across its global gig-work platforms, under a memorandum of understanding. YY Group, a workforce solutions and integrated facilities management provider, said the… Read More

SUI Group, Ethena to Launch BlackRock-Backed Stablecoin

SUI Group (NASDAQ: SUIG), in partnership with Ethena, a DeFi synthetic dollar protocol, and the Sui Foundation, this week announced the launch of suiUSDe, a Sui-native synthetic dollar token, and USDi, a stablecoin backed by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) tokenized money… Read More

S&P’s Misleading Growth, Circle Troubles, and Polish Crypto Law: Web3 Thoughts of the Week

Polish crypto law panned. “While the EU’s MiCA provides a clear and balanced rulebook for crypto, Poland’s interpretation of it is a major step backwards, and a prime example of overregulation.  “While regulation is necessary for consumer protection, it can be counterproductive. “Poland has taken… Read More

Web3 Thoughts of the Week: Stablecoins, IPOs and Tokenization

The Web3 community has thoughts on banks missing out on stablecoins and tokenized stocks. This and crypto IPOs, dominate Web3 thoughts of the past week. Banks lobbying against stablecoins “Banks are leaning on regulators because they want to protect their bottom line, but there’s no… Read More

Wyoming Issues Official Statement on Stablecoin, FRNT

As was reported yesterday, Wyoming is the first state to issue its own stablecoin. The dollar-based digital asset is called the Frontier Stable Token or FRNT. The news was revealed during the Wyoming Blockchain Symposium, which took place this week in Jackson Hole. The Wyoming… Read More

Hong Kong Regulators Warn Against Stablecoin-Related Market Speculation

Hong Kong’s central bank and securities regulator issued a joint warning against speculative trading driven by stablecoin licensing announcements and social media posts. The Hong Kong Monetary Authority and Securities and Futures Commission said they observed market movements linked to corporate announcements, news reports, and… Read More

MetaMask Introduces Stablecoin Earn Feature, Enabling Passive Income in Web3

MetaMask, the Ethereum-based cryptocurrency wallet with over 100 million users, has launched a feature called “Stablecoin Earn,” enabling users to generate passive income directly within their wallet. This feature, powered by a partnership with Aave, one of the decentralized finance (DeFi) lending protocols, allows users… Read More

Tether’s Strategic Gold Stockpile Could Improve Stablecoin Stability

Tether Holdings SA, the issuer of the world’s largest stablecoin, USDT, has revealed it holds an $8 billion in gold reserves, stored in a private vault in Switzerland. This strategic decision, announced on July 8, 2025, positions Tether as one of the largest non-state gold… Read More

Wirex Introduces Institutional-Grade Stablecoin Payments on Fireblocks

Wirex, a global firm focused on stablecoin payments and digital finance, is pleased to announce that Wirex Pay Chain is now supported on Fireblocks, the digital asset and payments infrastructure platform. This integration enables Fireblocks’ institutional clients to “access Wirex Pay’s self-custodial stablecoin payment infrastructure,… Read More

PayPal USD (PYUSD) Is Reportedly Planning to Use Stellar Network for New Use-Cases

PayPal (NASDAQ: PYPL) announced plans to make the PayPal USD (PYUSD) stablecoin available on the Stellar network pending regulatory approval by the New York State Department of Financial Services (NYDFS). Stellar is a blockchain designed for “fast, low-cost payments and real-world utility.” By potentially expanding… Read More

Societe Generale-FORGE to Launch Stablecoin on Ethereum and Solana Public Blockchains

Societe Generale-FORGE (SG-FORGE), the integrated subsidiary of Societe Generale Group dedicated to crypto assets, is to launch a new stablecoin, the USD CoinVertible, on both the Ethereum and Solana public blockchains (ticker code: USDCV). BNY, a global financial services company, will act as “reserve custodian, enabling… Read More

Hong Kong Sets August 1 Start Date for Stablecoin Licensing Regime

Hong Kong will implement its new Stablecoins Ordinance on August 1, formalizing the city’s regulatory framework for stablecoin-related activities and introducing a licensing regime aimed at strengthening oversight of the fast-growing digital asset sector. The ordinance, which was officially gazetted on May 30, is a… Read More

Circle IPO Poised to be a Success, Shares Priced Above Range at $31

Circle Internet Group, a leading stablecoin issuer that is well-positioned to benefit from the future of digital money, is expected to float its shares on the NYSE this week. Shares of Circle have been priced above its expected range at $31 a share, delivering a… Read More

Braza Group Announces BBRL Stablecoin Launch on XRP Ledger

Braza Group announces the launch of BBRL stablecoin on the XRP Ledger to strengthen the Brazilian and South American digital economies. Issuance of BBRL aims to offer secure and cost-effective “solutions for digital transactions for individuals and businesses” Operating for over 15 years and ranking… Read More

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