Stablecoins, pegged to the dollar or other fiat, operate as a fragmented on-chain foreign exchange market. Liquidity sits in dispersed…
Stablecoins & Payments
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.
Circle expands its Canton Network role with a private USDCx settlement layer, enabling private, atomic transactions for institutions.
Lawmakers move toward a markup on the CLARITY Act, focusing on stablecoin rewards and broader regulatory measures as bipartisan negotiations continue.
Circle stock fell about 20% in a single session amid rules that could curb stablecoin rewards, signaling potential shifts in USDC adoption and market demand.
Billionaire investor Stanley Druckenmiller says blockchain-based tokens, and in particular stablecoins, could power the next wave of global payments within…