Tag: Stablecoin

Crypto, Fintechs Race to Own Stablecoin Settlement Rails

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Stablecoin issuers and fintech-linked firms are launching payment-focused blockchains as they try to control more of the settlement infrastructure behind US digital-dollar transfers. Some stablecoin issuers and fintech-linked companies are building a new wave of blockchain networks designed for institutional payment flows rather than the broader token issuance and smart-contract activity associated with general-purpose layer-1 networks, according to Delphi Digital. These include stablecoin giant Tether-backed Plasma, a public L1 network optimized for cross-border USDt (USDT) transactions, which launched on mainnet on Sept. 25, 2025 after it raised $24 million in…

Coinbase competes for Cloudflare deal to build an AI stablecoin

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Coinbase is reportedly in the running to partner with Cloudflare on issuing a stablecoin purpose-built for AI transactions. The deal, first reported by The Information, would position both companies at the intersection of two industries that can’t stop talking about each other. If that sounds like a corporate Mad Libs combining every buzzy term of 2025 — AI, stablecoins, agents — well, it kind of is. But there’s a real problem being solved here, and the companies chasing it aren’t exactly startups running on vibes. What we know about the…

Tim Scott expects stablecoin yield compromise proposal by week’s end

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Senator Tim Scott, chair of the Senate Banking Committee, says he expects to receive a compromise proposal on stablecoin yield provisions before the end of this week. If that timeline holds, it would mark a significant step toward resolving the single biggest sticking point that has stalled US stablecoin regulation for months. The yield question — whether stablecoin issuers should be allowed to pass interest earnings back to token holders — has been the legislative equivalent of a kitchen renovation that keeps finding new problems behind the walls. Everyone agrees…

Gold-Linked Yield Stablecoin Launches After Theo Closes $100M Vault

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Tokenization platform Theo has received $100 million for a structured investment facility backing its yield-bearing stablecoin, thUSD, underscoring growing institutional appetite for digital dollars tied to alternative yield sources beyond US Treasurys. Theo co-founder Ari Pingle told Cointelegraph that the capital was committed through a structured facility known as the Genesis Vault, which reached its $100 million cap within 24 hours. The funds were deposited into the facility to support the launch of thUSD, rather than representing venture funding for the company. The company uses the deposited funds to buy…

Mastercard to Acquire BVNK in $1.8B Stablecoin Payments Push

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Mastercard has agreed to acquire stablecoin infrastructure company BVNK in a deal valued at up to $1.8 billion, further expanding into blockchain-based payments. The deal includes up to $300 million in contingent payments and is intended to strengthen Mastercard’s ability to connect fiat payment rails with onchain transactions, the company said on Tuesday. “We expect that most financial institutions and fintechs will in time provide digital currency services, be it with stablecoins or tokenized deposits,” Jorn Lambert, chief product officer at Mastercard, said. BVNK, founded in 2021, provides infrastructure that…

PayPal Expands PYUSD Stablecoin Access to 70 Countries

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Payments giant PayPal is expanding access to its US-dollar stablecoin, PayPal USD, adding 68 more markets globally in its latest stablecoin push. PayPal USD (PYUSD) will be made available to customers in 70 countries worldwide in March, allowing them to receive, hold and send the stablecoin, the company announced Tuesday. With the expansion, PYUSD is now available to users with PayPal accounts across multiple regions, including the Asia-Pacific, Europe, Latin America and North America. Previously, only customers in the United States and the United Kingdom could hold the stablecoin. “Enabling…

Mastercard to acquire stablecoin firm BVNK for up to $1.8B

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Global financial services giant Mastercard announced Tuesday it has reached a deal to buy BVNK, a stablecoin payment infrastructure provider, for up to $1.8 billion. The acquisition will integrate BVNK’s platform with Mastercard’s global network, creating seamless connections between fiat and stablecoins. Mastercard expects that stablecoins and tokenized deposits will become standard offerings for financial institutions and fintechs. The company plans to provide a robust and compliant framework to support these services, bridging digital currencies with traditional financial systems. “This acquisition reinforces what we have always done, using innovation and…

PayPal expanding PYUSD stablecoin access to 70 countries: Report

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PayPal is expanding access to its stablecoin PYUSD to 70 countries, including regions across South America, Africa, and Asia, whereas previously only users in the US and UK could hold it, Fortune reported Tuesday. Users can now send, receive, and store PYUSD while also earning rewards, with US users receiving around 4% annually. This move reduces high cross-border fees, allows users to keep funds in a USD-pegged asset instead of converting to local currencies, and introduces wallet balance functionality in countries where funds previously had to be withdrawn immediately. PYUSD…

US Stablecoin Yield Ban May See Others Step Up: Ledger Exec

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A block on stablecoin yield payments in the US will likely prompt other countries to step up and offer the option, according to Takatoshi Shibayama, Asia-Pacific lead at crypto wallet company Ledger.  Shibayama told Cointelegraph that if a wider ban on stablecoin yields is enacted in the US, it “definitely opens up a conversation” between institutions, stablecoin issuers and regulators overseas about how to respond. He said countries such as Australia have given stablecoin issuers a regulatory carveout, but most stablecoins, even outside of the US, are “not providing yields…

Stablecoin Regulatory Uncertainty Could Put Banks at a Disadvantage: Expert

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Regulatory uncertainty around stablecoins could place traditional banks at a greater disadvantage than crypto companies, according to Colin Butler, executive vice president of capital markets at Mega Matrix. Butler said financial institutions have already invested heavily in digital asset infrastructure but remain unable to deploy it fully while lawmakers debate how stablecoins should be classified. “Their general counsels are telling their boards that you cannot justify the capital expenditure until you know whether stablecoins will be treated as deposits, securities, or a distinct payment instrument,” he told Cointelegraph. Several major…