Tag: Stablecoin

Fidelity to Launch Stablecoin Through National Trust Bank

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Fidelity Investments plans to launch a new stablecoin next month, marking a logical next step for the asset manager as it expands its digital-asset infrastructure following conditional approval for a national trust bank from the Office of the Comptroller of the Currency. Bloomberg reported Wednesday that the Fidelity Digital Dollar, or FIDD, will be issued by Fidelity Digital Assets, National Association, the national trust bank approved by US regulators in December.  Fidelity Digital Assets president Mike O’Reilly told the publication that stablecoins could “serve as foundational payment and settlement services,”…

Banks Fear Stablecoin “Bank Run”, Regulators See No Impact

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Banks warn stablecoins — especially those paying yield — could pull deposits out of the banking system, but policy and finance experts say there’s little evidence of that so far. Major US bank Standard Chartered recently estimated in a research note that stablecoin growth could drain bank deposits. The report estimates “that US bank deposits will decrease by one-third of stablecoin market cap,” which currently stands at $308.15 billion according to DeFiLlama data. The debate has intensified as US lawmakers weigh whether to prohibit interest on stablecoin holdings under a…

Fidelity set to debut FIDD stablecoin on Ethereum next month

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Fidelity Investments is set to roll out its first stablecoin on Ethereum in early February, CoinDesk reported Wednesday. The token, called the Fidelity Digital Dollar (FIDD), will be fully backed by reserves and available to both institutional and retail clients through Fidelity platforms and major crypto exchanges. The rollout follows the passage of the GENIUS Act, which provides the regulatory clarity needed to launch a production-ready stablecoin. Building on prior testing and its digital assets services, the move is expected to expand Fidelity’s blockchain-based financial offerings, including tokenized money-market funds.…

Coinbase begins backend testing of new USDF stablecoin

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Coinbase is testing a new stablecoin called USDF on its exchange backend, the company said on Tuesday through its Coinbase Markets account. The token has been enabled for operational testing only, with trading, deposits, and withdrawals currently unavailable. A new Coinbase Custom Stablecoin, USDF, has been enabled on Coinbase Exchange for operational testing. Please note: This is a backend test phase only. Trading, deposits, and withdrawals are currently unavailable. Stay tuned for more updates. — Coinbase Markets 🛡️ (@CoinbaseMarkets) January 27, 2026 The backend test marks an early phase of…

Tether debuts USAT stablecoin to support US digital financial infrastructure

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Tether has launched USAT, a new US-regulated, dollar-backed stablecoin created for the federal stablecoin framework introduced by the GENIUS Act, the company said in a Tuesday statement. The token is issued by Anchorage Digital Bank, the nation’s first federally regulated stablecoin issuer, and led by CEO Bo Hines. According to Tether CEO Paolo Ardoino, the stablecoin gives institutions an additional choice for a dollar-backed token produced in America, complementing USDT’s established reputation for reliability and transparency, and introducing a federally compliant solution specifically for American users. “USDT has proven for…

Wemade Adds Chainlink to KRW Stablecoin Alliance Infrastructure

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Blockchain company Wemade added Chainlink Labs to its Global Alliance for KRW Stablecoins (GAKS), expanding the consortium’s data and oracle infrastructure as it builds compliance-focused rails for won-pegged stablecoins.  On Tuesday, Wemade announced that Chainlink will provide technical support for data integrity, infrastructure standards and tokenized asset use cases. Wemade said Chainlink’s role will also focus on supporting standardization and enabling alliance members to leverage oracle services.  The addition follows earlier partnerships with blockchain analytics firm Chainalysis, security auditor CertiK and remittance provider SentBe, which collectively formed the GAKS initiative. …

Stablecoin Fall Shows BTC, Crypto is Losing Capital to Gold

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A $2.24 billion drop in total stablecoin market capitalization over the last 10 days could signal capital is leaving the crypto ecosystem and may delay market recovery, according to a crypto analytics platform.  In a post to X on Monday, Santiment said much of that capital has rotated into traditional safe havens like gold and silver, pushing them to new highs, while Bitcoin (BTC), the broader crypto market and stablecoins have retraced. Top 12 stablecoins by market cap collectively fell by $2.24 billion over the past 10 days. Source: Santiment…

Tether dominates $4B gold-backed stablecoin market as gold tops $5100

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Tether said today that it is at the forefront of tokenized gold products as demand for onchain exposure to physical bullion continues to grow. Its gold-backed stablecoin XAU₮ has surpassed $2.2 billion in market capitalization, representing more than half of the total tokenized gold market, which now stands slightly above $4 billion. The growth reflects rising interest from both institutional and retail investors seeking safe-haven assets that remain fully onchain. Gold prices have surged rapidly since late September 2025, with bullion recently trading near the $5,100 per ounce level. Geopolitical…

Stablecoin Yield Bans Under CLARITY Act Could Push Capital Offshore

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The proposed restrictions on stablecoin yields under the US CLARITY Act risk driving capital out of regulated markets and into offshore, opaque financial structures. Colin Butler, head of markets at Mega Matrix, said banning compliant stablecoins from offering yield would not protect the US financial system, but instead sideline regulated institutions while accelerating capital migration beyond US oversight. “There’s always going to be demand for yield,” Butler told Cointelegraph, adding that if compliant stablecoins can’t offer it, capital will simply move “offshore or into synthetic structures that sit outside the…

US Bank Lobby Says Fighting Stablecoin Yields A Top Priority

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The American Bankers Association (ABA) has made cracking down on stablecoin yield a top priority for 2026, amid its ongoing debate with US lawmakers that it will hurt the banking industry’s competitiveness. The ABA said on Tuesday that one of several priorities it has this year is to “stop payment stablecoins from becoming deposit substitutes that slash community bank lending by prohibiting paying interest, yield or rewards regardless of the platform.” Stablecoin oversight topped a list of five priorities, which also included fighting financial fraud, stopping arbitrary interest rate caps,…