Tag: Stablecoin

Nine European banks to launch euro-denominated stablecoin

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Key Takeaways Nine major European banks, including ING, Banca Sella, KBC, Danske Bank, and UniCredit, plan to launch a euro-denominated stablecoin. The consortium has been formed and is headquartered in the Netherlands, where it is seeking a license as an e-money institution supervised by the Dutch Central Bank. Share this article Nine European banks announced plans today to launch a euro-denominated stablecoin. The consortium includes major financial institutions ING, a Netherlands-based multinational bank, Banca Sella, KBC, Danske Bank, and UniCredit. The stablecoin launch aligns with the EU’s Markets in Crypto-Assets…

Circle and Crossmint Expand Stablecoin Rails for Humans and AI

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Stablecoin company Circle’s venture capital arm has partnered with crypto infrastructure firm Crossmint to expand the USDC stablecoin across more blockchain rails as part of its aim to reach billions of users, including AI agents. “By combining Crossmint Wallets and APIs for stablecoin onramps, orchestration, and agentic payments with USDC […] we’re laying the foundation for a new era of finance: one where money moves near-instantly, access is global, and systems are built for both humans and machines,” Crossmint said on Wednesday when it announced the partnership with Circle Ventures.…

PayPal Ventures Backs Bitfinex-Linked Stablecoin Project

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Stable, an institutional-grade stablecoin blockchain backed by cryptocurrency exchange Bitfinex, is integrating a stablecoin built by major online payment platform PayPal. PayPal Ventures has made a strategic investment in Stable to bring PayPal USD (PYUSD) stablecoin onto the Stablechain, according to an announcement by Stable on Monday. “This work with Stable reflects our commitment to expanding PYUSD’s utility across multiple blockchain ecosystems and driving adoption,” PYUSD ecosystem head David Weber said, highlighting Stable’s focus on fast and seamless financial transactions. The news came about two months after Stable emerged from…

Enosys introduces XRP-backed stablecoin protocol using Liquity V2 fork

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Key Takeaways Enosys launched an XRP-backed stablecoin protocol on the Flare blockchain using a fork of Liquity V2, enabling users to mint stablecoins by depositing FXRP. Flare is a layer-1 blockchain integrating smart contracts and decentralized data oracles, supporting the DeFi ecosystem for payment tokens like XRP. Share this article Enosys announced the upcoming launch of a new product called Enosys Loans, described as the first collateralized debt position protocol to leverage XRP as collateral for minting a stablecoin. The platform will operate on Flare, a layer-1 blockchain network that…

Nubank Plans Stablecoin Integration for Credit Card Transactions

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Nubank, Latin America’s largest digital bank, is reportedly planning to integrate dollar-pegged stablecoins and credit cards for payments. The move was disclosed by the bank’s vice-chairman and former governor of Brazil’s central bank, Roberto Campos Neto. Speaking at the Meridian 2025 event on Wednesday, he highlighted the importance of blockchain technology in connecting digital assets with the traditional banking system.  According to local media reports, Campos Neto said Nubank intends to begin testing stablecoin payments with its credit cards as part of a broader effort to link digital assets with…

MoneyGram App to Launch in Colombia For Stablecoin Savings and Transfers

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MoneyGram’s digital payments app is set to launch in Colombia, offering locals a way to save in US dollar stablecoins as the Colombian peso continues to weaken. MoneyGram’s crypto service is powered by the Stellar network and leverages Crossmint for self-custody, enabling users to store the USDC (USDC) stablecoin and transfer it overseas nearly instantly.  In a statement on Wednesday, MoneyGram said Colombia is the “ideal launch market” as Colombian families receive more than 22 times the money they send abroad. “For millions of people around the world, sending money…

Yala’s Bitcoin-Backed YU Stablecoin Struggles to Reclaim Peg After Exploit

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Yala’s Bitcoin-backed stablecoin YU has failed to regain its dollar peg following an “attempted attack” early Sunday that sent the token plummeting to $0.2046. The Yala team confirmed the incident in a post on X, noting that it “briefly impacted YU’s peg.” The team added that they are working with blockchain security firm SlowMist and other security partners to investigate the breach. “Update: All funds are safe. Bitcoin deposited to Yala remains self-custodial or in vaults, with none lost,” the team wrote in their latest post on X. “We’ve identified…

Stablecoin liquidity reaches record high

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Key Takeaways Stablecoin liquidity has reached a record high, indicating increased market activity. Stablecoins play a crucial role as liquidity providers in the crypto ecosystem. Share this article Stablecoin liquidity has reached an all-time high, marking a new milestone for the digital asset sector. The development represents the latest indicator of growing activity and capital flows within the crypto market, as stablecoins serve as key infrastructure for trading and transactions across digital asset platforms. Stablecoins, which are digital assets typically pegged to traditional currencies like the US dollar, function as…

Paxos Proposes Stablecoin for Hyperliquid with HYPE Buyback

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Stablecoin infrastructure firm Paxos has submitted a proposal to launch USDH, a Hyperliquid-first stablecoin that would be fully compliant with the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act) and Markets in Crypto-Assets (MiCA) regulatory standards. According to the announcement, published on Saturday, 95% of interest earned from USDH reserves would be used to buy back Hyperliquid’s native token HYPE, redistributing it to users, validators and partner protocols. “We propose the launch of USDH, a Hyperliquid-first, fully compliant stablecoin purpose built to drive adoption, align incentives, and…

Hyperliquid to cut fees and put USDH stablecoin up for validator vote

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Key Takeaways Hyperliquid is initiating an on-chain validator vote to select a team for the USDH stablecoin ticker. The protocol will reduce spot trading fees by 80% to enhance liquidity and user experience. Share this article Hyperliquid will implement reduced fees for spot trading pairs and open a validator voting process for its USDH stablecoin ticker, the project announced on Discord. The protocol plans to cut taker fees, maker rebates, and user volume contributions by 80% for spot pairs between two spot quote assets in its next network upgrade to…