Tag Archives: Stablecoins

Tether Briefly Overtakes Ethereum As Stablecoin Market Cap Tops ETH During Sell-Off

Posted on by — No Comments ↓

Tether briefly overtook Ethereum by market capitalization on June 26, according to the validated discovery pack, as ETH sold off into the $1,500 to $1,600 range and stablecoin supply remained comparatively steady. The crossover was temporary, but the symbolism was hard to ignore: during one of the market’s sharpest risk-off sessions, crypto’s largest stablecoin briefly… Continue reading Tether Briefly Overtakes Ethereum As Stablecoin Market Cap Tops ETH During Sell-Off→

Aave Proposes Cross-Chain Deployment For Yield-Bearing sGHO Stablecoin

Posted on by — No Comments ↓

Aave governance is weighing a proposal to bring savings GHO, or sGHO, across chains, a move that could make the protocol’s yield-bearing stablecoin product easier to access beyond Ethereum mainnet. TL;DR Aave governance is considering an ARFC proposal to launch sGHO cross-chain. The proposal uses Chainlink CCIP while keeping Ethereum mainnet as the main source… Continue reading Aave Proposes Cross-Chain Deployment For Yield-Bearing sGHO Stablecoin→

Toss Bank Tests Solana Stablecoin Rails For Overseas Transfers

Posted on by — No Comments ↓

TL;DR South Korea’s Toss Bank is testing Solana-based remittance and settlement infrastructure. The proof of concept points to stablecoins becoming a practical bank payment rail. The project matters because Toss Bank serves a large mainstream user base rather than only crypto-native customers. Solana Gets A Bank Remittance Test Toss Bank is testing Solana-based infrastructure for… Continue reading Toss Bank Tests Solana Stablecoin Rails For Overseas Transfers→

Toss Bank And Solana Foundation Team Up On Stablecoin Remittance Test

Posted on by — No Comments ↓

South Korea’s Toss Bank has signed a memorandum of understanding with the Solana Foundation to test blockchain-based global remittance infrastructure, adding another traditional finance name to the growing list of firms experimenting with stablecoin settlement rails. TL;DR Toss Bank has signed an MoU with the Solana Foundation. The partnership focuses on a proof-of-concept for global… Continue reading Toss Bank And Solana Foundation Team Up On Stablecoin Remittance Test→

Bank of England Softens Stablecoin Rules With £40 Billion Issuer Cap

Posted on by — No Comments ↓

The Bank of England has softened its proposed framework for systemic sterling stablecoins, dropping individual holding limits and replacing them with a planned aggregate cap on issuance by each systemic issuer. TL;DR The Bank of England has moved away from proposed individual stablecoin holding limits. The revised framework points to a temporary £40 billion issuance… Continue reading Bank of England Softens Stablecoin Rules With £40 Billion Issuer Cap→

Trace Finance Raises $32M To Expand Stablecoin Settlement Rails

Posted on by — No Comments ↓

Trace Finance announced a $32 million Series A led by CoinFund, positioning the raise around regulated banking and stablecoin settlement infrastructure across Brazil, the US and emerging markets. TL;DR Trace Finance raised $32 million in a Series A led by CoinFund. The company is building regulated infrastructure that connects local bank rails with stablecoin settlement.… Continue reading Trace Finance Raises $32M To Expand Stablecoin Settlement Rails→

Ready USDC Card Halts Non-EEA Service Following Card Issuer Transition

Posted on by — No Comments ↓

Ready Card users outside the European Economic Area have been pushed into an abrupt service halt after a card issuer transition disrupted the USDC spending product, according to user notices shared on X. TL;DR Ready Card’s non-EEA service halt shows how stablecoin products still depend on traditional payment rails. The card is marketed as a… Continue reading Ready USDC Card Halts Non-EEA Service Following Card Issuer Transition→

Japan’s Three Largest Megabanks Align To Launch Joint Yen-Backed Stablecoin By March 2027

Posted on by — No Comments ↓

Japan’s largest banking groups are moving toward a shared yen-backed stablecoin framework, a development that could bring one of the world’s most heavily regulated financial systems deeper into tokenized payments. TL;DR MUFG, SMBC, and Mizuho are reportedly aligned around a joint yen-backed stablecoin initiative. The project is still at the council and design stage, not… Continue reading Japan’s Three Largest Megabanks Align To Launch Joint Yen-Backed Stablecoin By March 2027→

Stablecoin Shakedown: Binance, Coinbase And Kraken Restrict USDT In Europe Ahead Of MiCA Deadline

Posted on by — No Comments ↓

Europe’s stablecoin market is moving into its next, stricter phase as major exchanges continue reshaping USDT access for users in the European Economic Area under the EU’s Markets in Crypto-Assets framework. TL;DR Binance, Coinbase, Kraken and other platforms have adjusted stablecoin access for EEA users under MiCA. The shift has hit Tether’s USDT hardest because… Continue reading Stablecoin Shakedown: Binance, Coinbase And Kraken Restrict USDT In Europe Ahead Of MiCA Deadline→

Sui Stablecoin Transfers Hit $65 Billion After Gasless Fee Push

Posted on by — No Comments ↓

TL;DR Sui reportedly handled around $65 billion in stablecoin transfers in a five-day stretch after its gasless stablecoin update. The update reduces friction by allowing supported stablecoin transfers without requiring users to hold SUI for gas. The headline number is large, but zero-fee systems can attract bots, arbitrage loops, and repeated high-velocity transfers. The market… Continue reading Sui Stablecoin Transfers Hit $65 Billion After Gasless Fee Push→