Topic
stablecoins
109 stories
Thailand proposes ~$148,000 daily stablecoin cap at licensed exchanges to fight money laundering
Thailand's SEC has proposed a 5-million-baht (~$147,750) daily cap on stablecoin deposits and withdrawals at licensed digital asset platforms, with public comments open until November 26.
SoFi's bank-issued stablecoin adds Polygon, in a launch announced by Polygon itself
SoFi's bank-issued stablecoin SoFiUSD is now live on Polygon's Open Money Stack, extending it beyond Ethereum and Solana, per a Polygon Labs announcement that both The Block and Decrypt reported Thursday.
Visa makes Western Union's USDPT a settlement asset — a corporate milestone built on a token barely six months old
Anchorage Digital and Visa said Western Union's USDPT stablecoin can now settle VisaNet obligations, the first of Anchorage's bank-issued tokens to gain native settlement status on the network.
Tether's gold token gets a Big Four audit, its second after USDT
KPMG U.S. issued a clean audit opinion on the 2025 financial statements of TG Commodities, the Tether unit behind the gold-backed XAUT token, which held $2.246 billion in allocated gold at year-end.
Securitize and Ethena switch on a $100M after-hours swap facility for BlackRock's BUIDL
Securitize and Ethena Labs turned on a $100 million round-the-clock facility letting eligible holders of BlackRock's BUIDL tokenized Treasury fund swap shares for stablecoins like USDC outside market hours.
Half the $6.43B Binance Haul Is Still Unlaundered, Elliptic Says
Elliptic says roughly half of the $6.43 billion stolen from Binance on October 29 remains unlaundered, with $3.11 billion still held by the attacker and $2.85 billion frozen or seized.
Solana touts faster finality and a record $5B in tokenized assets — all on its own scorecard
Solana's October 2026 roundup reports two protocol upgrades — 200-millisecond slot times and the Alpenglow consensus swap — alongside a self-reported record $5 billion in tokenized real-world assets.
Democrats take Congress, and crypto's $170 million legislative bet comes up short
Democrats won control of both chambers of Congress in the 2026 midterms, stalling the crypto industry's push for the Clarity Act despite roughly $170 million in PAC spending, while stablecoins and tokenization carry on under existing law.
SEC Staff Won't Pursue Canton Coin's Minting, Calling It a 'Digital Commodity'
SEC staff told Canton Network it won't recommend enforcement over the programmatic minting of Canton Coin, which it called a "digital commodity," days after DTCC's tokenization service went live on the network.
Circle beat estimates on a one-off token sale — and cut 5% of staff in the footnotes
Circle posted $865 million in Q3 revenue and a 127% earnings beat, but the quarter was lifted by a one-time $182 million ARC token presale even as reserve income fell 8% and the firm cut about 5% of staff.
Tether's CEO Says It Holds 150,000 Bitcoin. Its Own Reserve Report Implies 50,000 Fewer
Tether CEO Paolo Ardoino told a Lugano conference the company holds about 150,000 bitcoin, roughly 50,000 more than its Q3 reserve attestation accounts for.
OpenUSD's fee and equity terms surface: a one-cent cap and warrants for the biggest holders
OpenUSD's governance company Open Standard will charge a 0.1-basis-point payment fee capped at one cent and offer founding partners equity based on how much of the stablecoin they hold and move, per private documents reported by CoinDesk.
Investigator flags suspected $106M theft from an unnamed EU entity's exchange accounts
Blockchain investigator ZachXBT reported that an unidentified EU entity may have lost more than $106 million from accounts at several crypto exchanges, with funds routed through ether, instant-exchange services and Monero.
Binance pledges $6.34 billion to cover losses from laptop-borne breach
Binance says it has set aside $6.34 billion of its own funds to cover losses from a Thursday breach it blames on a compromised DevOps laptop, as partners froze roughly $3 billion more.
Coinbase's Q3 profit jumps 66% — but a crypto-holdings gain does most of the lifting
Coinbase posted $719 million in Q3 net income, up 66% year over year, but most of the jump came from a $715 million mark-to-market gain on its own crypto holdings as revenue fell 35% from a year earlier.
Binance says $6.3B stolen in suspected breach; stablecoin issuers freeze funds and withdrawals halt
Binance says about $6.3 billion in crypto was stolen in a suspected Thursday breach, prompting frozen stablecoins, suspended withdrawals and over $1 billion in liquidations as bitcoin fell below $77,000.
Uniswap Labs opens its fee-conversion tool TJAR to outside apps, with Robinhood first
Uniswap Labs released TJAR, an open-source tool that lets apps auto-convert collected fees into chosen tokens via competing searchers, with Robinhood as the first partner receiving fees in USDC and USDG.
Polygon plugs its payments stack into Solana — a product launch dressed up as a milestone
Polygon Labs added Solana to its Open Money Stack, letting businesses on the rival chain use one integration to move money between bank accounts, stablecoins and global payouts, with cross-border firm Kira as an early customer.
Curve Finance goes live on Stellar in its first native deployment off EVM
Curve Finance deployed its StableSwap exchange on Stellar's mainnet, its first native launch on a non-EVM blockchain, with the FXSwap product promised later pending an audit.
Moody's hands Ripple's RLUSD its first investment-grade stablecoin rating
Moody's assigned Ripple's RLUSD stablecoin an A2 long-term and P-1 short-term deposit rating, the agency's first investment-grade marks for a stablecoin, days after Ripple won a U.S. national trust bank charter.
Robinhood's crypto line grew 20% last quarter — all of it from the new chain
Robinhood's third-quarter crypto revenue rose 20% from the prior quarter to $120 million, but the entire gain came from its new Arbitrum-based blockchain, while underlying trading revenue fell and prediction markets outearned crypto for another quarter.
Brazilian companies rushed into stablecoins as Lula's upset win hammered the real
Brazilian firms piled into dollar-pegged stablecoins and bitcoin on Oct. 25 as Lula's upset runoff win sent the real and stocks tumbling the next day, with corporate accounts driving most of the trading.
Ripple wins full OCC approval for a national trust bank to hold its RLUSD reserves
The Office of the Comptroller of the Currency granted Ripple final approval for a national trust bank that will hold the reserves behind its $2.5 billion RLUSD stablecoin and offer institutional custody.
CoinDCX confirms $16M wallet drain two days after its CEO called the reports a 'false alarm'
Indian exchange CoinDCX confirmed a $16 million theft from deprecated deposit wallets on October 25, two days after CEO Sumit Gupta publicly dismissed breach reports as a "false alarm.
Fireblocks denies Axios report of $2.5B Visa acquisition talks
Fireblocks denied an Axios report that Visa is in late-stage talks to buy the crypto custody firm for about $2.5 billion, calling it "not true at present time" while Visa declined to comment.
Coinbase-backed study pegs stablecoin transfers at $400M an hour, mostly after the banks close
A Coinbase and The Block Pro Research study estimates stablecoins moved over $400 million per hour in organic transfers during the third quarter, with 73% of volume settling outside U.S. banking hours.
Crypto lobby asks Treasury to narrow its GENIUS Act stablecoin rules before they take effect
The Blockchain Association filed a 26-page comment letter backing Treasury's GENIUS Act stablecoin rules in principle but asking for narrower definitions of covered firms, a higher bar for criminal liability, and lighter due diligence on foreign issuers.
Mastercard adds a risk-scoring layer for stablecoin payments, with global rollout pushed to 2027
Mastercard launched Stablecoin Security, an API that scores stablecoin payments for fraud and sanctions risk before funds settle on-chain, with Borderless.xyz and Keyrails as first partners and worldwide availability slated for 2027.
Mesh and Visa say they'll let users spend crypto at checkout — once they decide where and when
Crypto payments firm Mesh said it has partnered with Visa to let users spend crypto and stablecoin balances from participating wallet apps at Visa-accepting merchants, though no launch date or supported platforms were named.
Zerohash launches address-free transfer tool as its trust-charter bid stays stuck
Zerohash launched AUTH at Money20/20, a service for moving crypto between linked exchange accounts and wallets without copying addresses, as its bid for a federal trust charter remains pending after an initial rejection.
Circle breaks down its USDC economics as challengers circle, keeping about 7 cents of profit per revenue dollar
Circle disclosed how it splits USDC revenue in a blog post, saying it paid $819 million to distribution partners and transaction costs and reinvested $473 million in the first half of 2026, as new stablecoin rivals challenge its economics.
Visa Direct puts USDC prefunding into production with Inyo Global as first processor
Visa Direct has moved its USDC stablecoin prefunding service into commercial production through processor Inyo Global, letting eligible payment firms fund cross-border payouts around the clock.
EBA tags USDC as the EU's first 'significant' stablecoin, taking over reserve oversight
The European Banking Authority has classified Circle's USDC as the EU's first "significant" e-money token under MiCA, taking over direct supervision of its reserves and liquidity from November 12.
Standard Chartered slips its $2 trillion stablecoin call to 2030 as supply sits flat near $309 billion
Standard Chartered delayed its $2 trillion stablecoin forecast to 2030 from 2028, citing stalled supply growth that has held the market near $309 billion for a year, even as transaction volume climbs.
Cardano Foundation launches programmable token standard, spins out Veridian identity unit
The Cardano Foundation says it has launched its CIP-0113 programmable token standard on mainnet and spun Veridian out as a standalone identity company, both unveiled at TOKEN2049 Singapore.
Ledger Pins Confirmed Wallet Drains on Reseller CryptoBilis as On-Chain Sleuths Trace $86M+
Ledger says every confirmed case in a wallet-draining incident that on-chain investigators peg at more than $86 million traces to devices sold by Southeast Asian reseller CryptoBilis, which has halted hardware sales.
Bessent says US will 'probably' seize $1 billion in Iran-linked crypto this week
Treasury Secretary Scott Bessent told a Newsmax summit the US will "probably" seize $1 billion in Iran-linked crypto this week but named no wallets and didn't say if it adds to prior seizures.
Base's Jesse Pollak pitches a tokenized-equities 'supercycle' — with most of the numbers coming from Base
At Token2049 Singapore, Base creator Jesse Pollak told The Block that tokenized equities and non-dollar stablecoins will drive the next wave of tokenization, citing Coinbase's six-week-old tokenized-stock launch and $3.3 billion in circulating supply.
Samsung Wallet to Add USDC Transfers on Solana for U.S. Galaxy Users
The Solana Foundation says Samsung Wallet and Samsung Pay will let U.S. users send Circle's USDC on Solana starting the last week of October, reaching 82 million Galaxy devices.
Samsung Wallet to add Solana-based USDC remittances for U.S. Galaxy users, Solana says
Solana says Samsung Wallet will let U.S. Galaxy users send cross-border USDC remittances starting the last week of October 2026, across 82 million devices.
Cardano says compliance-enforcing token standard is now live on mainnet
The Cardano Foundation said its programmable token standard, CIP-0113, is live on Cardano mainnet, letting issuers code KYC, sanctions and transfer rules directly into native tokens.
ZachXBT says he paid $350K into a North Korea-linked laundering ring to trace it from the inside
On-chain investigator ZachXBT says he sent $349,700 of his own money to a Chinese syndicate laundering for North Korea, posing as a client to trace Bybit hack proceeds and trigger freezes.
Visa and CoinShares surveys report rising crypto interest — from firms that profit if it rises
Surveys from Visa and CoinShares, both released Monday, report rising stablecoin interest among Asia-Pacific consumers and heavy crypto holdings among affluent Western investors — figures that come from firms with a stake in the result.
OpenPayd targets year-end Nasdaq listing through Titan SPAC merger to fund U.S. push
London payments firm OpenPayd says it expects to complete its Nasdaq listing via a Titan Acquisition Corp. SPAC merger by year-end, funding a U.S. launch planned for April 2027.
Open USD stablecoin launches on Solana, backed by $1B liquidity pledge from five payments giants
Open USD, a dollar stablecoin issued by Bridge and backed by Coinbase, Mastercard, Shopify, Stripe and Visa, went live natively on Solana on September 30 with more than $1 billion pledged to liquidity.
Aztec relaunches its zk.money privacy wallet — in alpha, capped at $2,500, and before a known critical bug is fixed
Aztec Labs has relaunched its zk.money privacy wallet on its Ethereum Layer 2, but shipped it in alpha with $2,500 transaction caps, sanctions screening, publicly traceable deposits and a known critical proving bug still unfixed.
CFTC Staff Expands Crypto FAQ to Cover Tokenized Customer Funds and Blockchain Recordkeeping
CFTC staff updated its crypto FAQ on September 24 to cover investing customer funds in tokenized permitted investments and using blockchain to meet recordkeeping rules, building on earlier tokenized-collateral guidance.
Solana Foundation Hires Ex-Binance CMO and a Polygon Payments Lead for Two New Senior Roles
The Solana Foundation named ex-Binance marketing chief Rachel Conlan as chief strategy officer and former Polygon Labs executive Jamal Raees as general manager of payments, in a self-published announcement.
HTX's September proof of reserves lists balances its own blockchain records don't support
HTX's September proof-of-reserves report listed stablecoin balances that don't match on-chain records at the cited block, including 360,949 USDS in a wallet that held none at the time, according to Protos.
Crypto's on-chain economy barely moved while $2.1 trillion in market cap evaporated
Chainalysis says on-chain crypto activity slipped just 1.6% to $9.4 trillion in the year to June 30, 2026, even as total market cap fell 50%, with stablecoin and peer-to-peer flows surging.
Visa survey says stablecoin interest doubles with 'bank-level' protections — protections stablecoins don't have
A Visa-commissioned survey found U.S. consumer interest in stablecoins jumps from 36% to 56% when respondents are told the tokens carry bank-level fraud protection and deposit insurance — protections stablecoins do not actually have.
Galaxy Puts $100M of Sky's sUSDS on Its Balance Sheet, Approves It as Collateral
Galaxy Digital said it added $100 million of Sky Protocol's yield-bearing sUSDS to its treasury, approved the token as trading collateral, and bought an undisclosed amount of SKY, deepening existing lending ties between the two firms.
ECB opens digital euro pilot to merchants, with issuance still years — and a law — away
The European Central Bank asked euro-zone e-commerce and mobile merchants to join a 12-month digital euro pilot starting in the second half of 2027, ahead of possible issuance in 2029.
Betting Markets Turn Bullish on the Clarity Act. A Cloture Vote — and the Math — Say Not So Fast
Prediction-market odds on the U.S. Clarity Act jumped ahead of a Tuesday Senate cloture vote, even as a TD Cowen analyst kept passage chances at 25% and 17 state attorneys general urged senators to reject it.
17 state AGs move to block the Clarity Act as the Senate readies a first vote
New York AG Letitia James and 16 other state attorneys general urged the Senate to reject the Clarity Act on the eve of a procedural vote, warning it could let the SEC preempt state fraud enforcement.
MoneyGram puts a stablecoin card in Colombian wallets — and it is careful not to call it a debit card
MoneyGram launched a stablecoin-backed Visa card in Colombia, starting on Circle's USDC with plans to switch to its own MGUSD token, months after quietly shutting down its previous fiat debit card.
Secret Service Freezes $52.8M in Crypto Linked to Xinbi Telegram Scam Bazaar
Decrypt reports the U.S. Secret Service has frozen roughly $52.8 million in cryptocurrency tied to Xinbi, a Telegram-based marketplace linked to global online scams.
Consensys to split in two, spinning MetaMask into a standalone consumer-finance company
Consensys will split into two independent companies by the end of 2026, rebranding its main entity as consumer-wallet firm MetaMask under Joe Lubin while a new Consensys keeps the Ethereum and institutional infrastructure business.
South Korea's budget office pegs stablecoin savings for merchants at up to $3.8B — and lists the risks in the same breath
South Korea's National Assembly Budget Office estimated won-denominated stablecoins could cut merchant payment fees by 370 billion to 5.15 trillion won a year, while warning of risks to banks and token pegs.
Revolut wins conditional U.S. bank approval — the first hurdle, not the finish line
Revolut received conditional OCC approval to pursue a U.S. bank charter, an early procedural step that would let it offer loans, cards and stablecoins directly to American customers.
Dunamu and Visa sign stablecoin and AI partnership, with Open USD "under review"
Upbit operator Dunamu says it has signed a strategic partnership with Visa on stablecoin payments, remittances and AI-driven finance, two days after Visa struck a similar deal with Shinhan Financial Group.
Ethena moves to end VC unlocks and put 95% of revenue into ENA buybacks — once USDe supply recovers by half
Ethena's foundation says it bought out locked ENA from seed investors who had been selling, will release the rest of the VC unlock in one tranche from Oct. 5, and has put a 95%-of-revenue buyback to a vote — contingent on USDe supply recovering to $7.5 billion.
Revolut's euro stablecoin goes live with 374 tokens in circulation
Revolut has begun issuing a euro stablecoin, EURR, to selected customers in Denmark, Poland and Portugal, though the token is legally issued by Stripe-owned Bridge and just 374 units are in circulation.
Standard Chartered will distribute a Hong Kong dollar stablecoin issued by a firm it majority-owns
Standard Chartered says it will distribute Anchorpoint Financial's HKDAP to institutional clients, making it the first bank to handle one of Hong Kong's two licensed stablecoins — and it is Anchorpoint's majority shareholder.
Crypto card spending hit $1.04B in July — with 77% of it coming from three platforms
Card spending funded by crypto reached $1.04 billion in July, roughly triple a year earlier, but three platforms account for 77% of the tracked total and the largest one's numbers are self-reported.
OCC Reported to Be Racing to Finish GENIUS Act Stablecoin Rules, With November in View
Decrypt reported Thursday that the OCC is pushing to finish its GENIUS Act stablecoin rulemaking, with November flagged as the target; the agency itself has confirmed no date.
Ethereum's $70 trillion stablecoin milestone rests on one chart, and nobody has shown the math
An Ethereum Institutional post citing Token Terminal put lifetime stablecoin transfer volume on Ethereum above $70 trillion, and the Ethereum Foundation's account reposted it without publishing a methodology.
World Liberty says WorldClaw is 'independent' — and won't say what, if anything, it owns
World Liberty Financial says it neither owns nor operates Hong Kong AI reseller WorldClaw, but declined to say whether it holds equity, financing, licensing fees or revenue share in the company.
Robinhood Chain's deposits are climbing. Its tokenized-stocks pitch isn't.
Total value locked on Robinhood Chain topped $540 million in mid-August, up more than 45% this month, while tokenized real-world assets shrank to 6% of the chain from roughly a third on July 7.
Solana says MoneyGram cash on- and off-ramps are live, with the details still unstated
Solana's official account said MoneyGram Ramps is live, letting wallet developers plug into an API for cash in and out at MoneyGram locations across 170 countries.
MoneyGram says its cash ramps are live on Solana, with one app integrated and no fee disclosure
MoneyGram says its Ramps cash-in/cash-out product went live on Solana on August 11, with wallet app Rift as the first integration; the company has not disclosed fees, supported assets or launch countries.
OCC sent Zerohash's trust bank application back. The company didn't mention it until asked.
The OCC returned Zerohash's national trust bank application on July 17 as materially deficient, and the Morgan Stanley infrastructure provider says it will refile this month with a narrower scope.
A MoneyGram-on-Solana "launch" so far exists only as a hype post and a fire emoji
Solana's official account amplified a booster's post claiming MoneyGram Ramps is live on the network, but no MoneyGram or Solana Foundation announcement, fee data, or corridor detail has surfaced with it.
Solana says MoneyGram cash rails are live. MoneyGram hasn't said anything.
Solana's official account says MoneyGram Ramps is now live, offering cash pickup in 170-plus countries, but the claim rests entirely on Solana-side promotion with no MoneyGram statement attached.
MoneyGram Ramps goes live on Solana, announced by Solana itself
Solana's official account said MoneyGram Ramps is now live on the network, offering builders one API for cash-in in 25-plus countries and cash-out in 170-plus, with wallet app Rift the first integration.
MoneyGram's cash network plugs into Solana's developer platform
Solana and MoneyGram say the remittance firm's cash on- and off-ramp API is now live for Solana developers, offering cash-in across 25-plus countries and cash-out in more than 170.
Coinsbuy drained of $8.07M across TRON and Ethereum; wallets refilled within a day, no statement
An attacker drained $8.07 million in USDT and ETH from crypto exchange Coinsbuy across TRON and Ethereum in under an hour on Aug. 9, and the exchange quietly topped the wallets back up without explaining how.
Tokenized real-world assets tripled to $7.4B in DeFi while the rest of DeFi shrank, CoinShares says
A CoinShares and Token Terminal report says tokenized real-world assets in DeFi lending and DEXs grew from $2.3 billion to $7.4 billion year over year while total DeFi deposits shrank about 15%.
Solomon Labs puts its USDv program on Solana mainnet — the stablecoin itself is still "coming"
Solomon Labs deployed its USDv "Chancery" program to Solana mainnet on August 5, publishing a program address, token mint and GitHub repo — but no issuer details, reserve disclosure or launch date for the token itself.
Circle Lines Up Visa, Mastercard and BlackRock as Arc Validators, Decrypt Reports
Decrypt reports that Circle has lined up Visa, Mastercard and BlackRock as validators on Arc, its own Layer-1 network, ahead of a September launch, with terms undisclosed.
AllUnity's CHFAU Swiss franc stablecoin goes live on Solana — on the issuer's word alone
AllUnity says its Swiss franc stablecoin CHFAU is now live on Solana with supply nearing ₣50 million, but every figure comes from the issuer's own marketing post, which carries a "no regulatory review or approval" disclaimer.
Circle beats on profit, misses on revenue, and puts Wall Street names on its Arc validator set
Circle beat profit estimates but missed on revenue for Q2 2026, and named BlackRock, DTCC, ICE, Visa and Mastercard as founding validators for its Arc blockchain, which launches Sept. 16.
Western Union's Stablecard goes live on Solana, per the chain's own account and its card issuer
Solana and card issuer Rain say Western Union's USDPT-backed Stablecard went live on August 4, spendable on Visa rails across 37 markets, though no Western Union statement of its own has surfaced.
BlackRock's "BRSRV" surfaces in an SEC filing link — announced by Solana, not BlackRock
Solana's official X account announced that BlackRock filed with the SEC for a tokenized "stablecoin reserve" vehicle called BRSRV, pointing to a single EDGAR document and no BlackRock statement.
Bank of Italy: stablecoin remittances cost 0.3% to 9% once you count the off-ramp
A Bank of Italy mystery-shopping study of USDC transfers across 10 corridors found end-to-end costs of 0.3% to nearly 9%, with blockchain fees a negligible share.
Circle picks up a New York trust charter — while the reserve job its federal bank was pitched for stays deferred
Circle said Friday it won a limited-purpose trust charter from New York's financial regulator, three weeks after OCC approval of a national trust bank whose USDC reserve role is deferred.
The Clarity Act's last week before recess comes down to one paragraph on ethics
Senators Thom Tillis and Ruben Gallego sent fresh ethics language to the White House on July 30 as prediction-market odds on the Clarity Act passing by year-end fell to 26–37%, the lowest of 2026.
Solana Foundation signs non-binding MOU with Korean payment processor KSNET
Solana's official account says Korean payments processor KSNET has signed a memorandum of understanding with the Solana Foundation to integrate Solana Pay across a merchant network it describes as 330,000-plus strong.
Tether's reserve buffer halved in Q2 while the company led with a $1.5 billion 'operating' profit
Tether's second-quarter attestation shows excess reserves halving to $4.11 billion and a negative $3.2 billion result for the first half, while the company led with a $1.5 billion operating profit figure.
TRM Labs says HTX is 'rotating wallets' to dodge sanctions screening; HTX calls it routine
Blockchain intelligence firm TRM Labs says Justin Sun's HTX exchange is cycling its wallets every few hours to evade sanctions screening, a characterization HTX rejects as routine security operations.
Circle suspended a Tether-backed arbitrage fund over manipulation fears, unsealed filings show
Arbitration records unsealed in Boston show Circle cut off Heka Funds' USDC minting and redemptions in December 2023 after concluding the Tether-backed arbitrage fund might be manipulating the market; the arbitrator found no breach of contract.
Treasury sanctions Iran-linked wallets; Tether freezes ~$131M in USDT
The U.S. Treasury sanctioned crypto wallets tied to Iran's central bank, and stablecoin issuer Tether froze roughly $131 million in USDT on the Tron network shortly before the announcement.
Two Wall Street banks turn on Circle's stablecoin economics — while two others say the fear is overdone
Mizuho cut Circle to underperform with a $50 target and JPMorgan trimmed estimates, both warning that new rival Open USD and richer distributor deals will squeeze USDC's reserve-income economics; Bernstein and William Blair disagree.
Cardano Foundation joins Linux Foundation's x402 payments standard as the group goes 'operational'
The Cardano Foundation says it has joined the Linux Foundation's newly launched x402 Foundation as an Associate Member, backing an open standard for per-request stablecoin payments by apps and AI agents.
Stablecoin cross-border payments beat interbank FX all of Q2, benchmark says — with the real cost now in provider choice
Borderless.xyz's Q2 2026 benchmark says stablecoin cross-border payments priced below interbank FX every month of the quarter, and pegs the cost of not shopping providers at about $2,330 per $1 million moved.
Solana Says SBI and Megabank SMFG Are Building On-Chain Markets on Its Chain. The Details Are Missing.
Solana's official account said Japan's SBI Holdings, alongside megabank group SMFG, is building an on-chain market for real-world assets and stablecoins on the Solana blockchain — but the announcement carried no terms, timeline, capital figures, or independent confirmation from either bank.
Hyundai Card runs a $20,000 stablecoin remittance test with Tether and Avalanche
Hyundai Card said it completed a $20,000 USDT test remittance between Hyundai's U.S. and Mexican units on Avalanche, with a second Visa- and Circle-backed pilot in Europe due later this month.
Optimism and Toss sign MOU to explore a Won-backed stablecoin — nothing built yet
Optimism and South Korean fintech app Toss signed a non-binding MOU to explore a Won-backed stablecoin on the OP Stack, announced via Optimism's own promotional post.
Tokenized SpaceX shares drive on-chain equity trading to a record $3.86B in June
On-chain tokenized-equity trading jumped 145% to a record $3.86 billion in June, with tokenized SpaceX shares alone accounting for $1.19 billion after the company's $75 billion IPO, per a CoinDesk Data report.
U.S. wallets traded $571M on Polymarket's political markets — despite being banned from the platform
On-chain analysis firm Allium found U.S.-linked wallets traded about $571 million on Polymarket's political markets over the past year — the largest national share — despite the platform being barred from serving American users.
UK regulator proposes halving stablecoin capital buffer to 1%, below EU's MiCA
The UK's FCA proposed halving stablecoin issuers' capital buffer to 1% of coins in circulation, below the EU's 2% MiCA rule, days after the Bank of England dropped its planned holding cap.
Treasury sanctions 134 ISIS-K crypto addresses; Tether freezes the Tron wallets
OFAC added 134 crypto addresses tied to ISIS-K to its sanctions list on July 1, and Tether promptly froze the roughly $1.4 million that passed through the 131 flagged Tron wallets.
Coinbase's Q1 update leads with market share and 'annualized' product metrics — and skips the bottom line
Coinbase's Q1 2026 press release touts an 8.6% all-time-high trading market share and fast-growing derivatives, prediction markets and stablecoin volumes — but discloses no total revenue or net income, and calls the quarter's market "softer.
A new group called "Ethereum Institutional" launches to court institutions — with little disclosed beyond the pitch
A new self-described independent non-profit called Ethereum Institutional announced itself on July 1, 2026, saying it will push institutional adoption of Ethereum, with almost no verifiable detail disclosed.
Solana Ships Native Onchain Subscriptions and Spending Allowances
The Solana Foundation says it has deployed a native onchain program for recurring billing, delegated spending, and merchant subscription tiers on mainnet, with all details drawn solely from its own announcement.
Circle Loses Nearly a Fifth of Its Value as a 140-Company Consortium Unveils a Stablecoin That Shares the Yield
Circle shares fell roughly 16–17% to a four-month low below $63 after a 140-company consortium including Stripe, Coinbase, Visa and BlackRock announced Open USD, a yield-sharing stablecoin that is not yet live.
MetaMask bundles yield, a debit card and trading into one "Money Account" — built on Monad, powered by its own stablecoin
Consensys launched MetaMask Money Account, a self-custodial hub bundling up to 4% DeFi-routed stablecoin yield, a Mastercard debit card and in-app trading, built on Monad and centered on its own mUSD stablecoin.
Clarity Act's odds slide back toward a coin flip as the calendar, not the crypto lobby, takes over
The Clarity Act cleared the Senate Banking Committee 15-9, but prediction-market odds of 2026 passage have fallen from a mid-May peak near 70% to about 48% as roughly 20 legislative days remain before the August recess.
MoneyGram Joins Solana's Developer Platform and Runs a Validator, Both Sides Say
The Solana Foundation says MoneyGram has joined its Developer Platform and begun running a network validator, though no product, timeline, stablecoin, or validator details were disclosed.