Tag: Stablecoin

Singapore Gulf Bank launches USD–USDC stablecoin service on Solana

admin

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

admin

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

admin

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…

Banks Criticize White House Report Favoring Stablecoin Yield

admin

The American Bankers Association (ABA) has criticized a White House report that claimed banning stablecoin yields would only have a negligible impact on banks, arguing that the conclusion was reached by asking the “wrong question.” The White House’s Council of Economic Advisers claimed in a research paper on Wednesday, on the “Effects of Stablecoin Yield Prohibition on Bank Lending,” that under a baseline scenario, banning stablecoin yield may only increase bank lending by $2.1 billion, representing a marginal net increase of about 0.02%. ABA chief economist Sayee Srinivasan and vice…

Aave DAO approves $25M stablecoin grant to boost ecosystem growth

admin

Aave’s decentralized governance just wrote a $25 million check. The DAO approved a stablecoin grant to Aave Labs on April 13, with roughly 75% of voting tokens backing the proposal. That’s 522,780 tokens in favor versus 175,310 against. On top of the stablecoins, the package includes 75,000 AAVE tokens worth approximately $6.8 million at current prices. In total, Aave Labs is walking away with nearly $32 million in fresh capital earmarked for ecosystem development. For a protocol that already dominates decentralized lending, this is less a lifeline and more a…

Europe’s Stablecoin Adoption Enters Execution as Firms Select Partners

admin

Banks and corporates across Europe are moving beyond exploration and are now actively selecting infrastructure partners to support stablecoin adoption, according to Lamine Brahimi, co-founder and managing partner at crypto custody technology provider Taurus. Brahimi told Cointelegraph that eighteen months ago, most conversations were still educational, focused on understanding stablecoins and their risks. Today, firms with board-level approval are preparing to go live. He said the introduction of Markets in Crypto-Assets Regulation (MiCA) has accelerated that transition by replacing fragmented national rules with a single regulatory regime. “In the past…

Standard Chartered’s joint venture, HSBC Hong Kong first to secure HKMA stablecoin issuer licences

admin

Anchorpoint, a fintech venture jointly created by Standard Chartered Hong Kong, Animoca Brands, and SCBHK HKT, and HSBC Hong Kong have become the first entities licensed by the Hong Kong Monetary Authority (HKMA) to issue stablecoins under the new regulatory framework. Source: Hong Kong Monetary Authority According to a statement issued on April 10, Anchorpoint plans to launch HKDAP, a regulated Hong Kong dollar-backed stablecoin, in phases beginning in the second quarter. Bill Winters, Group Chief Executive of Standard Chartered, says the bank continues to focus on innovation and sees…

Hong Kong Issues First Stablecoin Issuer Licenses

admin

Update April 10, 2026, 10 am UTC: This article has been updated to add more details from the announcement. Hong Kong has issued its first stablecoin issuer licenses, approving Anchorpoint Financial and the Hongkong and Shanghai Banking Corporation under a new regulatory framework overseen by the Hong Kong Monetary Authority (HKMA).  The HKMA announced the initial batch of licensees on Friday, marking the first approvals under its stablecoin regime.  Anchorpoint Financial is the stablecoin joint venture formed by Standard Chartered Bank (Hong Kong), Animoca Brands and Hong Kong Telecommunications. The…

Polygon Labs explores raising up to $100 million to launch stablecoin payment unit

admin

Polygon Labs, the company behind the Polygon blockchain, is exploring raising up to $100 million for a new unit focused on stablecoin payments, as it looks to expand into regulated financial services and drive greater transaction volume on its network, The Information reported Wednesday, citing sources familiar with the matter. This comes after the team reached agreements to purchase Coinme and Sequence for $250 million as part of its push into stablecoin payments. The deals form the foundation of a unified system for regulated, scalable transactions by combining fiat access,…

Stablecoin Yield Ban Would Barely Boost Bank Lending, White House Finds

admin

A White House report found that banning yield on stablecoins would have a marginal impact on bank lending while creating clear economic downsides. According to the Council of Economic Advisers, a three-member agency within the Executive Office of the President tasked to offer the president economic advice, moving funds from stablecoins back into bank deposits would not translate into significant new lending. Under its baseline scenario, total bank lending would increase by about $2.1 billion, roughly 0.02% of the $12 trillion loan market. The report, published Wednesday, says that community…