Tagged: stablecoins

October 19, 2025 @ 4:15 pm By Omar Faridi  |  

Lumx has raised $3.4 million in a funding round that has been led by Indicator Capital and CMT Digital, along with contributions from Honey Island, Antler, Bitso, Nomad, CAF Ventures (CAFE) and angel investors Arnold Lee, Joshua Weiss, Chuk Okpalugo, Carlos Souza, and Allan Schmitt…. Read More

October 19, 2025 @ 4:12 pm By Omar Faridi  |  

Paxos reported earlier this week that it mistakenly minted excess PYUSD as part of an internal transfer. Paxos confirmed that it immediately identified the error and burned the excess PYUSD. According to the company, this was simply an “internal technical error” and that there was… Read More

October 19, 2025 @ 4:10 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) launched BLOOM, short for Borderless, Liquid, Open, Online, Multi-currency, a new industry initiative to extend settlement options for financial institutions using tokenised bank liabilities and well-regulated stablecoins while applying standardised risk controls. MAS said BLOOM will work with banks… Read More

October 18, 2025 @ 10:25 am By Omar Faridi  |  

Coinbase (NASDAQ:COIN) recently announced that its Business services division has introduced global payouts and payment links, allowing businesses to send and receive stablecoin USDC with competitive fees, instant settlement, and global reach. These tools aim to simplify vendor payments, eliminate chargebacks, and offer seamless API… Read More

October 17, 2025 @ 9:08 am By Omar Faridi  |  

YZi Labs reports that it is leading a $50 million round in Better Payment Network (BPN), which is described as a programmable payment network built for the multi-stablecoin era. The investment reportedly aligns with YZi Labs’ thesis of backing global financial infrastructure – systems that place… Read More

October 16, 2025 @ 9:03 pm By Tony Zerucha  |  

Could zero-knowledge (ZK) proofs prevent data breaches? “Centralized servers that stockpile sensitive personal data will always remain prime targets for attackers – whether the breach comes through technical exploits or social engineering. Incidents like the Discord leak make it clear that this model is unsustainable…. Read More

October 16, 2025 @ 2:35 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) has provided a provision bank charter to Erebor Bank, the first de novo national bank charter issued under the current administration. Erebor Bank is a digital asset-friendly bank that has the support of some big names,… Read More

October 15, 2025 @ 4:39 pm By Omar Faridi  |  

Gemini Exchange and Gemini Wallet clients are now able to deposit stablecoins USDT and USDC on the Solana network. With this latest update, digital assets firm Gemini (NASDAQ:GEMI) explained that its customers are able to complete transfers for these stablecoins via multichain rails with Solana,… Read More

October 15, 2025 @ 8:15 am By Omar Faridi  |  

Safe, the multisig based smart account platform securing $60 billion in digital assets, and Circle Internet Group, Inc. (NYSE: CRCL), a financial tech company and stablecoin market participant, announced a new strategic partnership to establish Safe as an institutional storage solution for USDC in self-custody… Read More

October 14, 2025 @ 11:39 am By Tony Zerucha  |  

Toku, a stablecoin payroll platform, has announced a partnership with Lagrange, a provider of verifiable AI. Over the past four years, Toku has built the first global system for token compensation, solving for taxes and compliance across more than 100 jurisdictions. With the 2025 stablecoin… Read More

October 14, 2025 @ 8:04 am By Omar Faridi  |  

Societe Generale-FORGE (SG–FORGE) and Bitpanda have announced that they strengthened their partnership to enable the deployment by Bitpanda of SG-FORGE’s stablecoins in decentralized finance. Bitpanda claims that it is the “first” broker to enable its retail clients in Europe to earn yield on the CoinVertible… Read More

October 13, 2025 @ 11:59 am By JD Alois  |  

Last week, Ethena Labs saw its stablecoins (USDe and USDtb) experience significant volatility. The vector for the event appears to be a combination of President Trump’s declaration of additional tariffs on China and the liquidation of crypto on Binance. On October 12, Binance confirmed a… Read More

October 13, 2025 @ 8:43 am By Omar Faridi  |  

Paxos has noted that stablecoins are becoming core infrastructure for the global financial sector. They aim to enable faster settlement, economical cross-border payments as well as efficient on- and off-ramps between traditional and digital markets. Paxos pointed out that as adoption accelerates, so do the… Read More

October 12, 2025 @ 4:39 pm By Omar Faridi  |  

Tether CEO Paolo Ardoino recently stated that central bank digital currencies (CBDCs) may potentially turn money into a tool of government surveillance. Tether is the issuer of the world’s most popular stablecoin by market cap, USDT. During the recent TOKEN2049 in Singapore, Ardoino noted that… Read More

October 12, 2025 @ 4:10 pm By Omar Faridi  |  

Circle revealed that it is currently incubating prototypes and products at the intersection of crypto and AI. It is said to be working on a machine-to-machine micropayments solution. Artificial intelligence is entering a new phase — one that appears to be increasingly defined by agency…. Read More

October 12, 2025 @ 4:07 pm By Omar Faridi  |  

Mastercard (NYSE: MA) and Coinbase (NASDAQ:COIN) are both bidding in order to acquire stablecoin infrastructure provider BVNK in a deal that may be valued at around $2.5 billion, according to an update from Fortune. While citing various sources familiar with the matter, the outlet said… Read More

October 9, 2025 @ 5:57 pm By Omar Faridi  |  

Fiserv, Inc. (NYSE: FI), a global provider of payments and financial services technology, in partnership with the Bank of North Dakota, announced the Roughrider coin, North Dakota’s stablecoin. Backed by U.S. dollars, the Roughrider coin will reportedly become the first U.S. state stablecoin to launch… Read More

October 8, 2025 @ 3:57 pm By Omar Faridi  |  

TerraPay, the global money movement company, announced the launch of stablecoin-native flows in partnership with fipto, the regulated infrastructure layer that is enabling secure, compliant blockchain-powered treasury operations. TerraPay’s first implementation of stablecoins, carried out with assistance and participation of Fipto, began a  year ago… Read More

October 8, 2025 @ 9:27 am By JD Alois  |  

Digital wallet firm Ledger will partner with Concordium on stablecoin usage, according to a company statement. Concordium is a blockchain that uses zero-knowledge proof technology for privacy while complying with regulations. The company statement explains that Concordium will offer its 1-Click Verify & Pay functionality… Read More

October 6, 2025 @ 6:08 pm By Omar Faridi  |  

Visa (NYSE: V) initiated a pilot program via its Visa Direct platform to allow businesses, including banks and remittance services, to preload accounts with stablecoins rather than traditional fiat currencies for international transfers. This approach treats stablecoins as readily available funds, akin to deposited cash,… Read More