Brazil’s central bank blocks cryptocurrency settlement in regulated eFX rails, forcing fiat-only cross-border transfers and tightening oversight of crypto flows.
Stablecoins & Payments
Elon Musk’s X Money offers 6% interest, cash back and AI-powered banking inside X. Discover how it could disrupt traditional banks and reshape crypto finance.
Binance opens KGST deposits on TRON via TRC20, with withdrawals pending until liquidity builds.
Western Union advances its USDPT stablecoin on Solana, aiming to streamline cross-border transfers while expanding its Digital Asset Network and new USD Stable Card
Stablecoins, pegged to the dollar or other fiat, operate as a fragmented on-chain foreign exchange market. Liquidity sits in dispersed…
Hong Kong awards its first stablecoin licences to major banks, with HSBC leading a measured rollout under strict regulatory oversight.
Hong Kong issues its first stablecoin issuer licenses as CZ’s memoir draws attention and Iran’s toll plan adds pressure to the crypto market.
Circle argues that trust in digital assets hinges on security, accountability and the rule of law, and that asset freezes should follow legal processes. It calls for shared security duties across the crypto ecosystem, warns against rushed policy responses, and supports faster, privacy-preserving legal frameworks.
Stablecoins are becoming core financial infrastructure, but banks are still in wait-and-see mode as adoption accelerates, according to S&P Global Market Intelligence.
Ripple minted 9.9 million RLUSD on Ethereum after weeks of burns, signaling a shift in supply dynamics as RLUSD reserves exceed circulating supply.