Tag: Stablecoin

ODDO BHF Launches Euro-Backed Stablecoin

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Franco-German banking group ODDO BHF has launched a stablecoin pegged to the euro under the European Union’s Markets in Crypto-Assets (MiCA) regulation. According to an announcement on Wednesday, the bank will serve as the issuer of the EUROD stablecoin, while market-making platform Flowdesk will provide liquidity and Fireblocks will supply the tokenization infrastructure. Guy de Leusse, deputy chief operating officer at ODDO BHF, said the group “felt it was essential to offer a European solution denominated in euros to provide an alternative to stablecoins denominated in US dollars.” Stablecoins are digital tokens…

Brazil’s BRLV Stablecoin Opens Access to High Bond Yields

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Crown, a São Paulo-based fintech company, has raised $8.1 million to launch a Brazilian real–denominated stablecoin designed to give institutional investors access to Brazil’s high-yield fixed-income market.  The new stablecoin, called BRLV, could make it easier for global investors to tap the country’s double-digit interest rates, which are often difficult to reach due to local regulations and capital controls. BRLV is fully backed by Brazilian government bonds, which offer yields far higher than those in more mature economies.  According to TradingEconomics, the 10-year Brazilian government bond yield is about 14%,…

Stripe pilots stablecoin payments for subscriptions

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Photo: T. Schneider Key Takeaways Stripe is piloting stablecoin payments for subscription services. Recent launches include tools for businesses to issue stablecoins and integrate customizable onramps for stablecoin payments in apps. Share this article Stripe has rolled out stablecoin subscription payments for select users, according to new documentation. The payments platform has been expanding its crypto integrations with recent launches of stablecoin-related products. Stripe unveiled tools allowing businesses to issue their own stablecoins and customize onramps for integrating stablecoin payments directly into apps. The company has collaborated with wallet providers…

S&P Global partners with Chainlink to bring stablecoin ratings on-chain

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Key Takeaways S&P Global will provide stablecoin stability ratings on-chain using Chainlink’s DataLink service. The initiative initially launches on Base, evaluating major stablecoins like USDT, USDC, USDS, and DAI. Share this article S&P Global Ratings, a top global credit ratings provider, has joined forces with Chainlink to bring its Stablecoin Stability Assessments (SSAs) on-chain via Chainlink’s DataLink publishing service, the companies announced Tuesday. For the first time, DeFi protocols will gain direct access to S&P Global Ratings’ Stablecoin Stability Assessments, a framework that systematically evaluates a stablecoin’s risk and overall…

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

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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

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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

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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

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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

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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

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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…