Stablecoin

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.

MegaETH Discontinues Mega Mafia Accelerator Program

MegaETH has concluded its Mega Mafia accelerator program after two years, citing that the program's initial assumptions were no longer valid. Many successful projects incubated by the program opted to build on other platforms, providing limited direct benefit to MegaETH. The platform will now prioritize first-party applications and OMEGA projects unique to its ecosystem.

MetaMask Introduces Yield-Bearing Money Account on Monad Blockchain

MetaMask has introduced Money Account, a new feature that integrates stablecoin yield, payments, and trading directly into its self-custody wallet. This initiative offers users a variable APY of up to 4% through DeFi lending protocols and allows direct spending via the MetaMask Card. The launch signifies a strategic move to transform digital wallets into comprehensive financial applications, expanding MetaMask's functionalities beyond traditional crypto holding and trading.

Circle Wins Federal Trust Bank Approval, Bringing USDC Into the U.S. Banking System

Circle just moved a core piece of its stablecoin business inside the U.S. banking system.