Tag: Stablecoin

Canada Budget Promises to Stablecoin Regulation Next Year

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Canada is set to introduce legislation regulating fiat-backed stablecoins under its federal budget for 2025, following the footsteps of the US, which passed landmark stablecoin laws in July. Stablecoin issuers will be required to hold sufficient reserves, establish redemption policies and implement various risk management frameworks, including measures to protect personal and financial data, according to the government’s 2025 budget released on Tuesday. The Bank of Canada would allocate $10 million over two years, starting in the 2026-2027 fiscal year, to ensure everything runs smoothly, followed by an estimated $5…

Ripple President Monica Long outlines XRP Ledger’s next phase with lending protocol and stablecoin expansion

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Key Takeaways Monica Long, Ripple President, outlined Ripple’s future strategy at Swell 2025 in New York City. The event brings together leaders from major banks, asset managers, and institutions to discuss blockchain’s financial impact. Share this article Ripple President Monica Long said the company is doubling down on XRP Ledger innovation alongside its commercial business serving financial institutions. Speaking at Ripple Swell 2025 today, Long noted that the team is fully dedicated to advancing the ledger’s capabilities, with several new features recently proposed for amendment. “Next up is a lending…

Binance CEO Denies Allegations Company Pushed Trumps’ Stablecoin: Report

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Richard Teng, CEO of the global cryptocurrency exchange Binance, has reportedly denied allegations that the company played a role in selecting a stablecoin issued by a Trump family-backed crypto business as part of a multibillion-dollar deal.  According to a Tuesday CNBC report, Teng said Binance “didn’t partake” in the decision to use USD1, the stablecoin launched by the Trump family’s World Liberty Financial business, for a $2 billion deal with an Abu Dhabi-based company, MGX. The Binance CEO spoke amid scrutiny from many lawmakers after US President Donald Trump issued…

Ripple’s Stablecoin RLUSD Crosses $1B In Market Cap

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Ripple USD, a stablecoin created by XRP issuer Ripple, has surpassed $1 billion market capitalization, marking a significant milestone less than a year after its launch. Officially launched in December 2024, the Ripple USD (RLUSD) stablecoin has achieved a remarkable 1,278% year-to-date growth in market capitalization. The stablecoin first broke through the $1 billion mark on Monday, just a few days after reaching $900 million on Oct. 24, according to CoinGecko data. “With Ripple Prime, GTreasury, and Rail now joining the effort, RLUSD and XRP will drive faster, efficient and…

$284M In DeFi Loans And Stablecoin Risk Traced To Stream Finance

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Decentralized finance (DeFi) researchers mapped out more than $284 million in stablecoin exposure and outstanding loans linked to Stream Finance, following the protocol’s collapse.  On Tuesday, a detailed post by DeFi group Yields and More (YAM) flagged dozens of lending markets and vaults, including platforms Euler, Silo, Morpho and Gearbox, that held positions connected to Stream’s synthetic assets, which include xUSD, xBTC and xETH.  The data highlighted the extent of the fallout. Exposure loops involving Elixir’s deUSD, Treeve’s scUSD and other assets suggested that at least $284.9 million in overall…

Coinbase Mulls $2B BVNK Acquisition In Stablecoin Push

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Coinbase Global Inc., the world’s third-largest cryptocurrency exchange, is continuing its stablecoin push, after key legislation in the United States sparked a renewed wave of corporate interest in blockchain-based payments. Coinbase exchange is reportedly in late-stage talks to acquire stablecoin infrastructure startup BVNK in a $2 billion deal, people familiar with the matter told news outlet Bloomberg, according to a Friday report. The $2 billion acquisition is expected to close later this year or in early 2026, pending due diligence from the exchange, according to the anonymous source. The stablecoin…

Fintechs And Neobanks Drive The Next Era Of Stablecoin Adoption

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Opinion by: Morgan Krupetsky, vice president of Onchain Finance at Ava Labs On the heels of the GENIUS Act’s passing, the next era of stablecoin usage is being driven by a growing cohort of fintechs and neobanks — integrating stablecoins into their product and service offerings, going where traditional systems have found it economically or operationally infeasible to do so, and, as such, growing their competitive edge.  These challenger systems are providing a direct way for people and businesses to more readily access and store stable value in mobile wallets;…

BitMine forecasts $2 trillion stablecoin market driven by Ethereum growth

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Key Takeaways BitMine predicts the stablecoin market will grow to $2 trillion as Ethereum continues to anchor issuance and liquidity. The firm’s Ethereum accumulation strategy reflects increasing institutional confidence in blockchain-based stability assets. Share this article BitMine, a publicly traded company transitioning from mining operations to Ethereum treasury building, projects stablecoins could grow from a $300 billion market to $2 trillion, with Ethereum powering over half of all issued stablecoins. The company has been implementing aggressive accumulation and staking strategies to build substantial Ethereum holdings. BitMine’s projections reflect growing institutional…

Stablecoin Complex User Experience Holding Back Mass Adoption: ZachXBT

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The number of different stablecoin tickers and token standards is fragmenting liquidity across the crypto ecosystem and burdening users with a poor experience that is costly, technical,and time-consuming, according to onchain sleuth ZachXBT. Cross-chain bridging restrictions, gas and transaction fees that must be paid in the native token of the blockchain being used, and a lack of universal token support across exchanges are all obstacles users face in transferring stablecoins across the crypto ecosystem, ZachXBT said. He gave the following example: “Imagine you receive USDPT to your Solana address but…

Global regulators review crypto banking rules amid stablecoin surge

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Key Takeaways Global regulators are reassessing banking rules for holding crypto, spurred by the rise of stablecoins. The Basel Committee may adapt prudential guidelines to reflect evolving risks and roles of stablecoins in financial systems. Share this article Global regulators are reviewing banking rules governing crypto holdings as stablecoins gain prominence in digital asset markets. The Basel Committee, which oversees international banking standards, is discussing potential adjustments to prudential frameworks that currently impose conservative treatments on crypto exposures. Under existing Basel standards, crypto assets are divided into groups with varying…