Trace Finance raises $32M for cross-border stablecoin settlement expansion
Stablecoin settlement infrastructure company Trace Finance has raised $32 million in a Series A funding round led by CoinFund. Coinbase Ventures, Jump Capital and Paxos...
Tag : stablecoin
Trump USD1 Crypto Stablecoin Debuts as Fighter Bonus Currency at White House UFC Event
World Liberty Financial’s USD1 stablecoin paid out $250,000 in fighter performance bonuses at UFC Freedom 250. The mixed martial arts and likely WLFI crypto event...
State Street unveils stablecoin fund as GENIUS Act reshapes reserves
State Street has launched a government money market fund tailored for stablecoin issuers as new U.S. regulations begin to define how reserve assets can be...
State Street launches GENIUS Act-aligned money market fund for stablecoin reserves
State Street Investment Management has launched a money market fund designed for stablecoin issuers, offering a vehicle for holding reserve assets under the framework established...
Scale of Stablecoin Adoption in Nigeria Makes Risks 'More Pronounced', Says IMF
In brief A new IMF report has highlighted the “striking” scale of stablecoin adoption in Nigeria. The IMF warned that adoption sharpens risks including “digital...
Plume’s Bybit deal puts RWA yield in front of stablecoin users
Plume has announced a partnership with Bybit to launch institutional fixed income vaults for exchange users. Summary Plume and Bybit launched RWA fixed income vaults...
Japan Three Biggest Banks Unite to Launch Yen Crypto Stablecoin by March 2027
MUFG Bank, Mizuho Bank, and Sumitomo Mitsui Banking Corporation have established a formal joint council to develop and co-issue a yen-backed crypto stablecoin by the...
Bitso brings peso-backed MXNB stablecoin to XRP Ledger via Ripple partnership
Bitso is expanding its payments partnership with Ripple by bringing its Mexican peso-backed MXNB stablecoin onto the XRP Ledger, where it will be used alongside...
Banks Say Stablecoin Rules Should Cover Secondary Markets
In brief The Bank Policy Institute and The Clearing House said stablecoin AML rules should cover activity after tokens leave issuers. They urged regulators to...
MassPay taps Coinbase to expand stablecoin payouts
Cross-border payout platform MassPay and Coinbase announced a partnership on Thursday to offer stablecoin cross-border payouts. The partnership connects MassPay’s network in 180 countries with...