Tag: Stablecoins

FDIC proposes new rule for bank-issued payment stablecoins under GENIUS Act

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Key Takeaways The FDIC proposed a new rule for banks seeking to issue payment stablecoins through subsidiaries. The proposal outlines application, evaluation, and appeal processes under the GENIUS Act. Share this article The Federal Deposit Insurance Corporation (FDIC) has proposed a new rule to implement the GENIUS Act framework for bank-issued payment stablecoins. Under the proposal, only authorized stablecoin issuers could operate in the US. The framework establishes a tailored application process, sets evaluation criteria and timelines, and includes an appeals mechanism, designating the FDIC as the primary federal regulator…

StraitsX to Launch XSGD and XUSD Stablecoins on Solana by 2026

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Singapore-based StraitsX plans to bring its Singapore dollar-backed XSGD and US dollar-backed XUSD to the Solana blockchain by early 2026. The rollout, announced in collaboration with the Solana Foundation, will allow users to settle transactions in Singapore dollar- and US dollar-backed stablecoins using Solana’s high-speed, low-cost infrastructure, the issuer said in a Tuesday blog post. “Launching XSGD and XUSD together on Solana will be game-changing. It unites CEX support, AMM liquidity, lending pools, and everyday payments on a single high-performance chain,” said Tianwei Liu, co-founder and CEO of StraitsX. StraitsX…

SBI, Startale Signal Institutional Path for Yen Stablecoins in Japan

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Japanese financial conglomerate SBI Holdings and Web3 infrastructure company Startale Group have signed a memorandum of understanding (MoU) to develop a fully regulated Japanese yen-denominated stablecoin, targeting tokenized asset markets and global settlement, the companies said in a press release shared with Cointelegraph. Under the MoU, the project will be issued and redeemed by Shinsei Trust & Banking, a wholly-owned subsidiary of SBI Shinsei Bank. At the same time, the licensed crypto asset exchange service provider, SBI VC Trade, will support circulation of the stablecoin.  Yoshitaka Kitao, the representative director,…

Stablecoins Enter Top 3 Growth Drivers for Web3 Gaming: Report

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Blockchain game builders are increasingly prioritizing fundamentals and infrastructure over token-fuelled growth cycles, with stablecoin adoption emerging as one of the top three catalysts for the first time, according to the latest report from the Blockchain Gaming Alliance (BGA).  On Wednesday, the BGA published its 2025 State of the Industry Report, which shows a shift in what builders believe will drive success in blockchain gaming.  According to the report, the top three growth drivers were high-quality game launches (29.5%), revenue-driven business models (27.5%) and stablecoin adoption in payments (27.3%). The…

Euro stablecoins double in market cap post-MiCA implementation, led by EURS and EURC: Report

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Key Takeaways The combined market capitalization of euro-denominated stablecoins doubled after new EU regulations (MiCA) were implemented in 2024. EURS and EURC are leading the post-regulation growth, with increased adoption and transaction activity. Share this article Euro-denominated stablecoins have doubled their combined market capitalization following the implementation of new EU regulatory rules in 2024, with EURS and EURC leading the growth, according to a report by Decta, a London-based payments firm. The gains represent a huge reversal from previous declines in the euro stablecoin sector. EURC, a compliant euro stablecoin…

MoneyGram partners with Fireblocks to enhance global payments with stablecoins

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Key Takeaways MoneyGram announced a partnership with Fireblocks to expand stablecoin-based settlement and multi-asset treasury operations across its global network. The initiative supports MoneyGram’s push toward faster payments and real-time financial workflows. Share this article MoneyGram has joined forces with Fireblocks to deepen its use of stablecoins for cross-border settlement and strengthen multi-asset treasury processes, according to a Thursday announcement. The collaboration, which utilizes Fireblocks’ secure stablecoin infrastructure and programmable settlement layer, aims to enhance MoneyGram’s ability to deliver low-cost, near-instant transactions across its global network. As a major global…

Uzbekistan Approves Stablecoins for Payments in New Sandbox

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Uzbekistan is moving to bring stablecoins into its formal payment system, starting with a tightly controlled development sandbox, according to local media. According to a Friday report by local news outlet Kun, Uzbekistan’s new stablecoin regulatory framework will come into force on Jan. 1, 2026. The new law, signed on Nov. 27, establishes a regulatory sandbox under the purview of the National Agency for Perspective Projects, together with the central bank. Pilot projects are expected to be implemented to develop a stablecoin-based payment system operating on distributed ledger technology. Starting…

Bolivia to integrate crypto into its financial system, starting with stablecoins

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Key Takeaways Bolivia is set to integrate stablecoins into the country’s formal financial system. Banks will be allowed to offer crypto services such as savings accounts, credit cards, and loans. Share this article Bolivia’s newly appointed Economy Minister Jose Gabriel Espinoza has announced that the country will integrate cryptocurrencies into its formal financial system. The implementation will start with stablecoins and is part of Bolivia’s modernization push. Banks will be permitted to offer crypto-based savings, credit cards, and loans to allow the assets to function as legal tender payment instruments,…

South Africa’s Central Bank Flags Crypto, Stablecoins as Financial Risk

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The South African Reserve Bank issued its second financial stability report for 2025, identifying digital assets and stablecoins as a new risk as the number of users in the country continues to grow. In a report released on Tuesday, South Africa’s central bank identified “crypto assets and stablecoins” as a new risk for technology-enabled financial innovation. The bank reported that the number of combined users on the country’s three largest crypto exchanges reached 7.8 million as of July, with about $1.5 billion held in custody at the end of 2024.…

Anchorage Digital moves to enable GENIUS Act–compliant rewards for Ethena’s stablecoins

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Key Takeaways Anchorage Digital will distribute rewards on Ethena’s tokens, complying with the GENIUS Act. The GENIUS Act forbids interest payments on stablecoins but allows yield-like rewards. Share this article Anchorage Digital, a federally chartered crypto custodian, today announced it is developing a GENIUS Act–compliant framework to support reward mechanisms for Ethena’s tokens without violating the stablecoin interest restrictions set by the new law. The bank is developing a template for distributing rewards on Ethena’s stablecoin tokens that aligns with GENIUS Act requirements. The law prohibits interest payments on stablecoins…