Tag: Stablecoin

Coinbase and Mastercard in talks to acquire stablecoin startup BVNK for $2B: Fortune

admin

Key Takeaways Coinbase and Mastercard are in discussions to acquire BVNK, a stablecoin startup, for $2 billion. BVNK specializes in providing stablecoin infrastructure for seamless cross-border payments. Share this article Coinbase and Mastercard are in talks to acquire stablecoin startup BVNK for $2 billion, according to Fortune. BVNK provides stablecoin infrastructure focused on enabling seamless cross-border payments for financial institutions. The potential acquisition reflects both companies’ strategies to expand their crypto payment capabilities. Coinbase has been actively integrating stablecoin solutions for cross-border payments and merchant onboarding. Mastercard has been incorporating…

Bank of France Pushes for ESMA Oversight, Stricter Stablecoin Rules

admin

The Bank of France has called on the European Union to give its markets regulator direct supervision over major crypto firms, warning that fragmented oversight could threaten the bloc’s financial sovereignty. Speaking at the ACPR-AMF Fintech Forum in Paris on Thursday, Bank of France Governor François Villeroy de Galhau said the European Securities and Markets Authority (ESMA) should be given the mandate to directly oversee crypto-asset issuers under the EU’s Markets in Crypto-Assets (MiCA) framework.  “I also advocate, along with the president of the AMF, for European supervision of crypto-asset…

Citi Ventures Backs Stablecoin Firm BVNK As Wall Street Deepens Crypto Push

admin

Citigroup’s venture arm, Citi Ventures, has invested in BVNK, a London-based stablecoin infrastructure firm building global payment rails for digital assets. BVNK declined to disclose the size of Citi’s investment or its current valuation. However, co-founder Chris Harmse told CNBC that the valuation now exceeds the $750 million reported at its last funding round. The firm is already backed by major investors, including Coinbase and Tiger Global. “You’re seeing an explosion of demand for building on top of stablecoin infrastructure,” Harmse told CNBC. He said BVNK’s strongest momentum comes from…

Citi invests in stablecoin firm BVNK, its valuation now exceeds $750M

admin

Key Takeaways Citi has invested in stablecoin infrastructure company BVNK through its venture capital arm. BVNK co-founder Chris Harmse confirmed the company’s current valuation exceeds its previously reported $750 million mark. Share this article Citi Ventures, Citigroup’s venture capital arm, has invested in BVNK, a London-based stablecoin payment infrastructure provider, pushing the startup’s valuation above $750 million, said Chris Harmse, co-founder of BVNK, in a recent interview with CNBC. The size of Citi’s investment remains under wraps. The deal comes after BVNK secured backing from Visa Ventures in May, which…

Jupiter, Ethena Labs roll out new Solana-based stablecoin

admin

Jupiter, a decentralized trading platform on Solana, has announced plans to launch its stablecoin in partnership with Ethena Labs. The new token, called JupUSD, is scheduled to go live in mid–Q4 2025. According to an X post on Wednesday, JupUSD will be integrated across all Jupiter products, serving as collateral on its perpetual futures exchange, a liquidity asset in Jupiter’s lending pools and a trading pair. According to Jupiter, the stablecoin will be 100% collateralized by Ethena Labs’ USDtb, a dollar-pegged token backed by short-term US Treasury assets. Over time,…

North Dakota, Fiserv launch Roughrider stablecoin

admin

The Bank of North Dakota is entering the stablecoin market with Roughrider Coin, a US dollar–backed cryptocurrency developed in partnership with payments firm Fiserv. According to a Wednesday announcement, the token will be available to banks and credit unions in North Dakota in 2026 and is designed to support interbank transactions, merchant payments, and cross-border money movement. Fiserv reportedly processed an estimated 35 billion merchant transactions in 2022. Its digital asset platform was introduced in June alongside a “white-label” stablecoin for banks. Roughrider Coin will operate on this system and…

Jupiter teams up with Ethena to launch Solana stablecoin JupUSD

admin

Key Takeaways Ethena and Jupiter team up to launch JupUSD, a yield-bearing stablecoin, on Solana. Jupiter will progressively convert around $750 million in USDC from its Liquidity Provider Pool into JupUSD after launch in Q4 2025. Share this article Ethena, a protocol known for developing yield-bearing stablecoin mechanisms, has partnered with Jupiter, a Solana-based decentralized exchange aggregator, to launch JupUSD, a native stablecoin on Solana. The collaboration expands decentralized finance options on Solana, which has seen similar yield-bearing stablecoin products launch recently. Solstice Finance recently launched USX, a stablecoin designed…

Rezolve AI Acquires Smartpay, a $1B Stablecoin Payments Platform

admin

Smartpay, a fintech infrastructure company known for enabling stablecoin-based payments since 2019, has been acquired by Rezolve AI, a publicly listed commerce platform, in a deal that underscores the accelerating convergence between digital assets and AI-driven e-commerce. The acquisition was announced on Tuesday, though no financial terms were disclosed. Rezolve said the move will bolster its digital asset payment initiative in partnership with Tether, the issuer of the USDt (USDT) stablecoin.  According to the announcement, Smartpay processed more than 19 million commercial transactions over the 12 months ending Sept. 30,…

Streamex Stock Jumps on Gold-Backed Stablecoin Launch

admin

Streamex Corp. saw its stock surge over 20% on Monday after announcing a pre-sale for its upcoming gold-backed stablecoin, GLDY. The digital asset, designed to generate an annualized yield of up to 4.0%, will open for qualified investors on or before Nov. 10. The GLDY token offers exposure to physical gold bullion with yield paid in ounces of gold, targeting institutional investors, the company announced on Monday. The stablecoin is part of Streamex’s broader mission to tokenize real-world commodities through digital instruments. “The launch of GLDY represents a major evolution…

A7A5 under fire as EU weighs sanctions on ruble-pegged stablecoin

admin

The European Union is reportedly considering sanctions against A7A5, a Russian ruble-backed stablecoin that’s the world’s largest non-US-dollar pegged stablecoin. The sanctions would prohibit EU-based organizations and individuals from engaging directly or indirectly through third parties with the token, according to a report from Bloomberg on Monday, citing documents related to the proposal. Several banks in Russia, Belarus and Central Asia are in the firing line too, accused of enabling sanctioned entities to conduct crypto-related transactions, Bloomberg reports. It is the latest effort by the EU to hobble Russian-tied crypto…