Tag: Stablecoin

Tether And Opera Expand Stablecoin Access Via MiniPay Wallet

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Stablecoin issuer Tether and web browser provider Opera have partnered to expand financial access in emerging markets through the MiniPay stablecoin wallet app.  Tether announced on Monday that it was expanding support for its stablecoin USDt (USDT) and Tether Gold XAUT (XAUT) within MiniPay, Opera’s self-custodial wallet built on the Celo blockchain. Tether said the initiative is aimed at helping people in emerging markets such as Africa, Latin America and Southeast Asia to access dollar-denominated stablecoins for savings and transfers.  “Tether’s mission has always been to provide simple, reliable access…

White House to meet with crypto firms and banks on stablecoin yield this afternoon

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The White House will convene a working-level meeting today at 1 PM ET between crypto firms and banks to facilitate discussions on stablecoin yields, according to journalist Eleanor Terrett. The issue has become a key flashpoint between the two industries and remains a critical hurdle to the passage of the pending crypto market structure bill. Banks are lobbying for a ban on stablecoin yields, arguing that they could trigger deposit flight from traditional accounts. Standard Chartered projects potential outflows of $500 billion from industrialized nations and $1 trillion from emerging…

Hong Kong Targets March for First Stablecoin Licenses

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The Hong Kong Monetary Authority (HKMA), Hong Kong’s financial regulator, is preparing to grant its first stablecoin issuer licenses in March, according to a Reuters report.  During a Legislative Council meeting on Monday, HKMA Chief Executive Eddie Yue reportedly said the regulator’s review of stablecoin license applications was nearing completion. Yue added that the initial approvals will be limited, with only a “very small number” of licenses expected to be issued in the first batch.  At a subsequent media briefing, the regulator said the assessments were focused on use cases,…

SoFi Reports Record Q4 Earnings as Crypto, Stablecoin Push Expands

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SoFi Technologies reported record fourth-quarter revenue of $1 billion as the US fintech bank reintroduced consumer crypto-based products. According to its earnings report released Friday, adjusted net revenue rose 37% year-on- year to $1 billion, while GAAP net income reached $173.5 million in the last quarter. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased 60% to $317.6 million. SoFi reported total fee-based revenue of a record $443 million for the quarter, and total members grew about 35% to 13.7 million. SoFi added 1.6 million new products in the…

Circle Says Stablecoin Infrastructure Updates to Spur Use

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Stablecoin issuer Circle Internet Group plans to focus on building more durable infrastructure throughout 2026 to spur greater adoption among companies and institutions. Circle chief product and technology officer Nikhil Chandhok said in a blog post on Thursday that the company is aiming to push Arc, its layer-1 blockchain designed for institutional and large-scale use, from testnet toward production. At the same time, Circle plans to focus on deepening the utility and reach of its tokens, USDC (USDC), EURC, USYC, and its partner-launched stablecoins by expanding to more chains. “That…

Tether supports stablecoin yield ban, distances itself from Coinbase in crypto market structure bill: Report

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Tether has expressed support for a provision in the draft US crypto market structure legislation, including the section that bans yield on stablecoins, which has drawn criticism from crypto community members and prominent figures like Coinbase CEO Brian Armstrong, Brogan Law reported Thursday, citing sources familiar with the matter. Tether’s US arm reportedly met with Senate members following Armstrong’s public critique of the latest version of the bill. Coinbase’s chief withdrew support for the legislation over several key dealbreakers, including the restriction preventing exchanges from providing interest on stablecoins. He…

Dakota Launches Stablecoin Platform for Enterprise Payments and Treasury

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Financial technology company Dakota launched a stablecoin infrastructure platform as more enterprises look to adopt digital dollars without taking on the operational and regulatory burden of custody and compliance. Dakota will handle custody, compliance and settlement on behalf of its clients. CEO Ryan Bozarth told Cointelegraph that the company operates in the US as a registered Money Services Business, while working with licensed banking and regulated payments partners in other regions. It is also pursuing Electronic Money Institution and Crypto-Asset Service Provider licenses in Europe. This arrangement, according to Bozarth,…

Ex-Coinbase, Airbnb execs launch programmable stablecoin platform for fintechs, enterprises

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Dakota, a stablecoin-focused neobank founded by veterans of Coinbase, Square, and Airbnb, has launched a platform that allows fintechs and enterprises to embed regulated, programmable global money movement via APIs. Cross-border money movement remains slow and expensive, and while stablecoins offer speed, adoption has been limited by regulatory and operational challenges. Dakota wants to address this by providing infrastructure that works across jurisdictions and rails, unlocking scalable global payments. The platform enables companies to offer payments, treasury, and payouts using stablecoins directly in their products, bridging digital assets with real-world…

OSL Group Raises $200M to Expand Stablecoin, Payments Business

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OSL Group has raised $200 million in equity financing as it steps up plans to expand its stablecoin trading and payment businesses globally. The Hong Kong–listed digital asset company said the capital injection will strengthen its balance sheet and support growth across regulated digital payment and settlement services, according to a Thursday announcement. “The market has strongly validated OSL Group’s strategic positioning within the stablecoin and payment space,” chief financial officer Ivan Wong said. “This financing round will allow us to welcome more like-minded strategic and long-term investors,” he added.…

UAE’s First Central Bank‑Registered US Dollar Stablecoin Launches

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Abu Dhabi-based Universal Digital has launched USDU, the first US dollar‑backed stablecoin to be registered by the Central Bank of the United Arab Emirates (CBUAE) as a Foreign Payment Token under the Payment Token Services Regulation (PTSR), the company said. According to a release shared with Cointelegraph, the registration makes Universal the UAE’s first Foreign Payment Token Issuer and creates a clear, regulated US dollar‑denominated settlement option for digital assets in the UAE. Juha Viitala, a senior executive officer of Universal, told Cointelegraph that the PTSR had allowed a transition…