Banking Circle’s stablecoin settlement launch follows its CASP approval, entering a crowded market with SocGen, Sygnum and a 12-bank euro stablecoin consortium. Source link
MiCA-licensed Banking Circle joins bank stablecoin settlement race in Europe
Tag: Stablecoin
Western Union eyes May for its stablecoin USDPT rollout
Western Union CEO Devin McGranahan said the company will focus on expanding adoption and embedding digital assets into its core money movement platform going forward. Source link
Morgan Stanley launches stablecoin offering through money market fund
Stablecoin issuers must invest a minimum of $10 million into Morgan Stanley’s money market fund, MSNXX, to access the stablecoin reserve offering. Source link
Justin Sun lawsuit against WLFI unsettles stablecoin market
Justin Sun’s lawsuit against World Liberty Financial (WLFI), alleging fraud and financial manipulation, has unsettled the stablecoin market. The odds for USDC depegging by December 31 sit at 3% YES. Market reaction The USDC depeg market has not moved on the news yet, but the lawsuit targets WLFI’s operations and its USD1 stablecoin directly, which could change that. Volume remains thin, with a combined 24-hour face value of $0. This is common for legal-influence markets on Polymarket, where traders tend to wait for concrete developments before placing bets. Why it…
Shariah-Compliant PUSD Stablecoin Integrates With ADI Chain
PUSD, a Shariah-compliant stablecoin backed by Gulf currencies, is set to deploy on ADI Chain, a Layer 2 network focused on institutional settlement in the Middle East. According to an announcement shared with Cointelegraph, the stablecoin has about $2.3 billion in circulation and is backed 1:1 by reserves held in Saudi riyals and UAE dirhams, which are pegged to the US dollar. It is already available on multiple blockchains, including Ethereum, BNB Chain, Solana and Tron, with ADI Chain marking its latest integration. The stablecoin is positioned to provide access…
Banking Group Asks for More Time to Comment on US Stablecoin Bill
The American Bankers Association (ABA) has asked US government agencies responsible for regulations related to a stablecoin bill for more time to comment, potentially delaying implementation by as much as two months. In a Tuesday letter to the US Treasury Department, Federal Deposit Insurance Corporation (FDIC), Financial Crimes Enforcement Network (FinCEN) and Treasury’s Office of Foreign Assets Control, the ABA requested the agencies extend the deadline for public comment on rules for the GENIUS Act, a stablecoin payments bill signed into law in July 2025. The banking group asked for…
European Banks Back MiCA Euro Stablecoin to Rival Dollar Tokens
A consortium of 12 European banks led by Qivalis has selected digital asset custody provider Fireblocks to provide infrastructure for a Markets in Crypto Assets Regulation (MiCA)-compliant euro stablecoin, according to a Tuesday release shared with Cointelegraph. Qivalis’s stablecoin is intended to support institutional use cases such as settlement, treasury and tokenized assets. Fireblocks said it will provide tokenization technology, wallet infrastructure, custody, and other important tools and features to support compliance, such as identity verification and sanctions screening. The group says it is targeting a launch in the second…
Singapore Gulf Bank launches USD–USDC stablecoin service on Solana
Singapore Gulf Bank has introduced a USD–USDC stablecoin mint and redeem service on Solana. The Polymarket contract for Solana reaching $150 in April 2026 sits at 0.1% YES. The stablecoin service targets institutional clients and could add liquidity to Solana’s network. The Solana Price Predictions for April 2026 contract shows a 15% YES probability on reaching $150. The April 13-19 short-term market remains at 0% YES, as infrastructure changes like this don’t tend to move near-term price expectations. The service represents a move toward regulated, bank-operated stablecoin rails, which matters…
SocGen-FORGE Brings MiCA-compliant USD Stablecoin to MetaMask
Societe Generale-FORGE said MetaMask will add its MiCA-compliant USDCV stablecoin, extending distribution for one of Europe’s bank-backed digital dollars. Societe Generale-FORGE, the digital asset arm of French banking giant Societe Generale, has integrated its Markets in Crypto Assets Regulation (MiCA)-compliant USD CoinVertible (USDCV) stablecoin into MetaMask, giving the wallet’s millions of users access to a regulated dollar token issued by a major European bank. The company said in a release on Wednesday that under the partnership with Consensys, USDCV will be surfaced in MetaMask on mobile and web and made…
Visa Launches Validator Node on Tempo Blockchain for Stablecoin Payments
Visa has launched a validator node on the Tempo blockchain, taking a direct role in verifying and processing transactions on a network designed for real-time stablecoin payments. Visa said the node is operated in-house using its own infrastructure and was developed over six months working with Tempo’s engineering team, positioning the company as an “anchor validator” alongside early participants including Stripe and Zodia Custody. The role places Visa in the transaction validation layer, where it helps order and confirm payments while supporting network security and performance during the network’s early…