Dollar stablecoin holds 99% as Qivalis push falls short
Dollar stablecoin supply has held at 99% of the global market as non-dollar tokens stall at 0.24% share. Summary Non-dollar stablecoins grew from $261 million...
Tag : stablecoin
Euro stablecoin project Qivalis adds 25 banks ahead of launch
Qivalis, a European banking consortium developing a regulated euro stablecoin, expanded to 37 member institutions on Wednesday after adding 25 new banks across 15 countries....
South Korea's KB Financial completes stablecoin pilot for offline payments
KB Financial Group, the parent company of South Korea’s largest bank, KB Kookmin, completed a stablecoin pilot for offline payments and cross-border remittances through the...
What Is Arc? The Stablecoin Blockchain From USDC Issuer Circle
In brief Arc is a blockchain built by USDC issuer Circle for stablecoin-focused applications. It uses USDC for gas, features a built-in FX engine, and...
A Lawsuit Just Demanded Tether Hand Over $344 Million in Frozen Iranian Funds, Could This Rewrite Stablecoin Law?
Attorney Charles Gerstein filed a claim in Manhattan federal court Thursday seeking to force Tether to transfer 344,149,759 USDT, roughly $344 million, frozen at two...
Visa and WeFi test “on‑chain banking” for stablecoin spending
Visa’s WeFi pilot lets self‑custodied stablecoins fund everyday card payments across Europe, Asia and Latin America. Summary Visa is partnering with DeFi‑native platform WeFi to...
Bank of England Softens ‘Overly Conservative’ Stablecoin Plans Amid Industry Pressure
In brief The Bank of England is reportedly reconsidering parts of its stablecoin plan. A 40% reserve floor could cost issuers £11.2 million per £1...
JPMorgan to launch tokenized money market fund for stablecoin issuers
JPMorgan has filed to launch a tokenized money market fund on Ethereum, allowing stablecoin issuers to hold reserves backing their stablecoins in a regulated, cash-like...
Bakkt pivots into stablecoin infrastructure as revenue tumbles 77% in Q1
Bakkt swung to a first-quarter loss as crypto services revenue fell 77%, underscoring the digital asset platform’s push to reposition itself around stablecoin payments and...
Bank of England Chief Flags ‘Coming Wrestle' With US on Stablecoin Oversight
In brief Bank of England Governor Andrew Bailey warned that U.S. dollar tokens could flood Britain in a crisis. The GENIUS Act lets issuers redeem...