Stablecoin

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Hyundai Card Turns $20,000 Stablecoin Test Into Real-World Remittance as Europe Trial Draws Closer

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Hyundai Motor America converted $20,000 into stablecoins and transferred them to Hyundai Motor Mexico, where they were exchanged back into U.S. dollars. Shaving Hours off Transaction Times Hyundai Card successfully tested stablecoin-based cross-border payments between Hyundai Motor Group subsidiaries in North America, slashing transaction times from hours to minutes, the card issuer recently disclosed. The … Read more

Total Stablecoin Cap Falls $1.9 Billion This Week While Sky Dollar Leads the Slide

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Tether lost $791 million this week, a single-token drop that accounted for 41% of the $1.9 billion pulled from the entire stablecoin market. Most of its top competitors also finished lower, with USDC shedding 1.05% and Sky Dollar plunging 2.36%. The total stablecoin market cap sits at $311.311 billion, down 0.61% over the past seven … Read more

UAE Central Bank Clears DDSC for VARA Platforms, Bringing Dirham Stablecoin to Consumers

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The Central Bank of the UAE has granted a no-objection certificate to the dirham-backed stablecoin DDSC, allowing it to list on regulated exchange platforms. Federal Oversight and the Retail Transition The UAE dirham-backed stablecoin DDSC has reportedly secured a no-objection certificate from the Central Bank of the UAE. The approval opens the door for DDSC … Read more

Why Brazil’s Central Bank Wants to Classify Stablecoins as Electronic Monetary Instruments

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In a Brazilian Congress hearing, Fábio Araújo, consultant for the Financial System Regulation Department (Denor), stressed that, unlike other crypto assets, stablecoins have specific traits that would be better regulated if they were classified as monetary instruments instead of as digital assets. Central Bank of Brazil pushes for electronic money regulation for stablecoins The debate … Read more

Visa Launches Stablecoin Pilot With M-Pesa in DRC to Test Cross-Border Transfers

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Visa, M-Pesa and Onafriq have launched a pilot program in the Democratic Republic of Congo using U.S. dollar-pegged stablecoins to settle cross-border mobile transactions. Blockchain Meets Mobile Money Financial services giant Visa, mobile money platform M-Pesa, and pan-African payments network Onafriq have launched a pilot program using stablecoins to settle cross-border mobile transactions in the … Read more

Open USD Backlash: Consortium Faces Allegations of Faking Key Stablecoin Partnerships

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Some companies that appeared to be listed in the Open USD Consortium have refused to approve their inclusion. Blockmedia’s BD Head, Tony Chung, indicated that Korean powerhouse Samsung stressed it did not consent, while other names also offered similar takes. Open USD Immersed in Unapproved Inclusion Scandal With Companies Like Samsung Open Standard, the consortium … Read more

Metamask Launches Money Account With up to 4% APY and Mastercard Spending Access

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Metamask has launched Money Account, a self-custodial feature that lets users earn up to about 4% APY on mUSD while trading, sending, and spending from the same balance. Mastercard and Metamask Bring up to 4% APY Stablecoin Accounts to Everyday Payments Metamask is turning its wallet into something closer to a full financial account. The … Read more

Ripple Spotlights 8 Key RLUSD Developments Shaping Global Payments Push

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RLUSD is gaining broader institutional traction as Ripple highlights eight developments across payments, infrastructure, and global access. Mastercard support, Japanese approval, and new regional integrations show the stablecoin’s expanding role. 8 Developments Reflect RLUSD’s Expanding Role Across Markets and Infrastructure Interest in Ripple USD (RLUSD) continues to build as the stablecoin adds new connections across … Read more

STBL Launches USST Stablecoin on Stellar as Institutions Chase Real-World Asset Liquidity

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STBL has launched USST, an institutional-grade stablecoin backed by real-world assets (RWAs), on the Stellar network. The launch, announced July 1 and shared with Bitcoin.com News, comes through a partnership between STBL and the Stellar Development Foundation. USST runs on STBL‘s Stablecoin 2.0 infrastructure and gives institutional holders of tokenized treasuries a way to access … Read more

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