Stablecoin

LATAM stablecoin liquidity may depend on few providers, investor says

LATAM stablecoin liquidity may rely on few providers, risking disruption if a major player faces issues, according to a new report.

Investor Seeks Swiss Intervention in Safe Ecosystem Foundation Dispute

Investor files complaint with Swiss watchdog over Safe Ecosystem Foundation governance and performance concerns.

CFTC Approves Coinbase Clearing LLC as Derivatives Clearing Organization

Coinbase has secured approval from the CFTC to operate Coinbase Clearing LLC as a derivatives clearing organization, completing its full suite of federal registrations for an end-to-end futures business. This enables the company to directly clear its own derivatives trades and develop USDC-native, 24-hour settlement contracts, although some planned products will still use external partners.

Aztec Brings Back zk.money for Private Stablecoin Transactions

Aztec Brings Back zk.money: Aztec Labs relaunches zk.money for private stablecoin transactions on its Aztec Network. Supports USDC, USDT, and DAI.

Citi Clients Can Now Take Stablecoin Payments via Coinbase

Citi clients can now take stablecoin payments and virtual accounts for fiat-to-stablecoin conversions via an expanded Coinbase partnership.

Kraken Integrates with SoFi Exchange Network, Lists SoFiUSD

Kraken integrates with the SoFi Exchange Network, listing SoFiUSD stablecoin to enhance crypto transactions and expand digital asset offerings.

Robinhood Chain DEX Volume Jumps to $1.6 billion

Robinhood Chain DEX volume jumped to $1.595 billion, a 61% increase, with TVL at $738.11 million and stablecoin market cap at $796.74 million. The network, launched July 1, has seen significant growth in transactions and bridged assets, balancing traditional finance with speculative tokens.

Stellar tokenized RWA market more than quadruples to nearly $4B

The Stellar tokenized RWA market has grown significantly, reaching nearly $4 billion, a 360% increase from the previous year. This expansion is driven by institutional adoption and includes various asset classes and key issuers. Future integrations with DTCC and Tradable are expected to further enhance the market, alongside the network's role in digital payments with stablecoin launches.

Bank of England set for new innovation mandate covering stablecoins

The UK government is establishing a new mandate for the Bank of England to foster innovation in digital payments, particularly stablecoins. This initiative will introduce a secondary objective for the central bank, focusing on emerging digital money and payment systems. The Bank of England’s primary objective of financial stability will remain paramount. This development is part of broader UK efforts to integrate stablecoins through regulatory changes and international collaboration. The Bank of England set for this new mandate is expected to undergo parliamentary debate in September. The central bank will report annually to Parliament on its progress in payments innovation. Concerns exist regarding the impact of current stablecoin reserve requirements on commercial viability. The UK has also been involved in experimental stablecoin initiatives and joint statements with the US on cross-border stablecoin use. The Bank of England has adjusted previous stablecoin holding limits, implementing a temporary issuance cap for systemic stablecoins.

BankChain Alliance to launch nationwide blockchain network by 2027

Thirty-nine US state banking associations have formed the BankChain Alliance to build a nationwide, industry-owned blockchain network for banks, targeting a 2027 launch.

US Treasury Advances Stablecoin Regulation Under GENIUS Act

The US Treasury has initiated a public comment period for proposed rules related to the GENIUS Act, aiming to regulate payment stablecoins. The act is set to take effect in January 2027, despite some agencies missing regulatory finalization deadlines. This move seeks to provide regulatory clarity, requiring licenses for stablecoin issuers once implemented.

XRP Holders Can Now Borrow Ripple’s RLUSD on Ethereum Using FXRP as Collateral

XRP holders can now borrow Ripple's RLUSD stablecoin on Ethereum by using Flare's FXRP as collateral, marking the first institutional approval of an XRP-based asset in an Ethereum lending vault.

Visa Expands Stablecoin Payout Capabilities with Zerohash Integration

Visa expands stablecoin payment services via Zerohash, enabling prefunding and payouts for eligible Visa Direct clients.

Ethereum Layer 2 TVL Declines to Two-Year Low

Total value locked in Ethereum Layer 2 networks has decreased to approximately $5 billion, a level last observed in 2023, reversing much of the growth from 2024.

Samsung Wallet to Integrate Stablecoin Support

Samsung Wallet will integrate stablecoin support, including USDC, building on previous crypto initiatives and coinciding with the launch of the Galaxy Card.

Kraken Parent Company Payward Acquires Magic Labs Embedded Wallet Business

Payward, Kraken's parent company, has acquired Magic Labs' embedded wallet business, which will rebrand to Newton Labs and focus on its Newton Protocol for onchain finance.