Stories tagged “Stablecoin.”
30 stories
Fasset, a stablecoin neobanking platform, has raised $68 million in a Series C funding round led by Japan's SBI Group at a $1 billion valuation. The financing will be used to expand Fasset's infrastructure and increase investment in artificial intelligence systems.
FalconX and Ethena have launched a $1 billion secured lending facility that will use assets backing USDe to fund overcollateralized loans to institutional borrowers.
The US banking regulator, OCC, has promised to release final rules related to the implementation of the GENIUS Act by November. The act aims to create a regulatory framework for payment stablecoins in the US.
The FASB proposed guidance outlining when companies may classify certain stablecoins as cash equivalents under generally accepted accounting principles in the United States. The proposal adds illustrative examples to the current definition, addressing inconsistent treatme…
The OCC has conditionally approved World Liberty Financial's application for a national trust bank, despite concerns over potential conflicts of interest with the Trump family. The company plans to issue US dollar-backed stablecoins and custody digital assets.
The U.S. Treasury Department has proposed a rule to implement the GENIUS Act for stablecoin issuers, marking a significant milestone in the process to put U.S. stablecoin regulations in place.
The crypto industry thought it left the debate settled over whether it would be allowed to offer rewards to people using stablecoins, but banking lobbyists came back to undermine an earlier compromise effort, leaving the Clarity Act on shaky ground.
The Office of the Comptroller of the Currency granted preliminary conditional approval for a national trust bank tied to World Liberty Financial, a crypto venture backed by President Donald Trump and his family, clearing a major hurdle for the firm's dollar-pegged stablec…
The U.S. Office of the Comptroller of the Currency has granted World Liberty Trust Company a federal charter, clearing the way for it to take over issuance of World Liberty Financial's USD1 stablecoin.
Tether, the company behind the USDT stablecoin, announced that KPMG has issued an unqualified opinion on its 2025 financial statements, marking a significant audit for the cryptocurrency industry.
Neutrl has suspended minting and redemptions for its NUSD synthetic dollar due to unspecified circumstances affecting protocol reserves. The protocol did not identify the affected asset or counterparty, nor provide a timeline for resuming operations.
Tether's 2025 financial statements received an unqualified opinion from KPMG US, with reserves exceeding liabilities by $6.814 billion. The audit included physical inspection of gold holdings.
Tether International's 2025 financial statements received an unqualified audit opinion from KPMG, the company's largest inaugural financial audit in history. This comes after years of scrutiny over USDT's backing and Tether's expansion in the US.
Tether completed a financial audit by KPMG, exceeding liabilities by $6.814 billion. The audit is a step towards transparency.
Circle has launched its USDC stablecoin on X Layer, OKX’s Ethereum layer-2 network, extending the stablecoin to an ecosystem connected to one of the world’s largest cryptocurrency exchanges by trading volume.
Breez has announced Glow, an open-source progressive web app that allows users to send stablecoins from their Bitcoin balance. The app is built on top of the Bitcoin Spark protocol and uses the Passkey standard for login. Glow also supports native Lightning payments and h…
Arc is a blockchain built by Circle for stablecoin-focused applications. It uses USDC for gas and features a built-in FX engine.
Japanese yen stablecoin issuer JPYC has completed an extension of its Series B funding round, bringing the cumulative total to approximately $38 million (6 billion yen). Logistics group AZ-COM Maruwa Holdings joined as a new investor, with JPYC planning to use the capital…
Mastercard and Borderless are exploring ways to bring more trust into cross-border stablecoin transfers through Mastercard's Crypto Credential framework.
Mastercard has completed its acquisition of stablecoin infrastructure company BVNK, closing a deal valued at $1.8 billion. The tie-up combines Mastercard's global network with BVNK's onchain infrastructure to connect digital currencies with fiat currencies.
Morgan Stanley downgraded Circle Internet to underweight and lowered its price target to $38 from $106, citing a weaker long-term earnings outlook.
BlackRock, the world's largest asset manager, has expanded its tokenized cash platform, introducing a couple of new tokenized money market products. The firm is offering onchain shares of the BlackRock Select Treasury Based Liquidity Fund (BSTBL), a tokenized share class …
South Korea saw $367 million in stablecoin outflows to overseas exchanges in June, extending the country's streak of monthly net stablecoin outflows to 18 consecutive months.
A Bank of Italy study found that stablecoin-based remittances did not offer a systematic cost or speed advantage over traditional payment channels. Fiat on- and off-ramp frictions accounted for most costs and transfer delays.
Tether reported $1.5 billion in net operating profit for the second quarter of 2026, even as its reserve buffer fell by about half to $4.11 billion. The stablecoin issuer increased its gold holdings to roughly 146.2 metric tons and its bitcoin stash to 98,933 BTC.
Tether reported a $1.5 billion net operating profit for Q2 2026, with its reserves exceeding liabilities by $4.11 billion and USDT in circulation reaching $184.6 billion. The company added 14 metric tons of gold during the quarter, bringing its holdings to over 146 metric…
Tether, the stablecoin issuer, reported a net operating profit of $1.5 billion for the second quarter, driven primarily by interest earned on US Treasury holdings and repurchase agreements.
Circle, a company that issues the US dollar-pegged stablecoin USDC, has received a New York trust charter for its subsidiary, Circle Internet Trust Company LLC. This charter allows the subsidiary to provide fiduciary and custody services under state banking law.
Stablecoin infrastructure firm Brale introduced ION Protocol, an interoperability system that lets participating stablecoins move across blockchains by burning tokens on one chain and minting them on another. The testnet debut comes amid rapid growth and fragmentation in …
South Korea's Financial Services Commission plans a government-backed digital asset bill covering stablecoins and exchanges, while opposition lawmakers seek to scrap a 22% crypto tax due in 2027.