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Crédit Agricole S.A. has launched a euro-backed stablecoin called EURXT and used it to settle the first subscription into a tokenized money market fund in Europe. According to the announcement on Wednesday, the bank issued the token through CACEIS, its asset servicing arm, on the Ethereum blockchain. EURXT follows the ERC-20 standard and carries a … Read more
The Bank of Thailand plans to open a public consultation on a proposed digital stablecoin that would require full 1:1 backing with Thai baht reserves. Baht-Pegged Stablecoin Framework The Bank of Thailand plans to introduce a stablecoin pegged to the national currency as part of an initiative to support financial innovation, central bank Governor Vitai … Read more
Circle shares fell sharply on Tuesday, after a consortium of more than 140 companies, including Visa, Mastercard, Coinbase, and Blackrock, unveiled a new stablecoin built to compete directly with USDC. The stock CRCL closed down approximately 16.5%, trading as low as $63.10 after opening near $72.46. The prior close on June 29 was $75.96. The … Read more
Visa, Coinbase, Stripe, Mastercard and more than 140 other companies are launching a new stablecoin called Open USD, built to move money across borders without the fees that come with most existing tokens. Open Standard, the independent company set up to run the project, announced Open USD on Tuesday. The coin is designed for businesses … Read more
The U.K.’s Financial Conduct Authority published its final cryptoasset rulebook on June 30, lowering the capital floor for stablecoin issuers to 1% of issued value as it set an October 2027 deadline for firms to win authorization. A Landmark Framework Lands The Financial Conduct Authority (FCA), Britain’s financial regulator, on June 30 finalized a sweeping … Read more
A sudden squeeze in Tether’s USDT supply in India has pushed the stablecoin’s local premium above 8.5%, more than double its usual level, with the dollar-pegged token trading well above the official exchange rate. A Supply Squeeze in the World’s Top Crypto Market The price of Tether’s USDT in India has surged well above its … Read more
BNY has added USDC mint and burn capabilities to its Digital Asset Custody platform, giving institutional clients a direct path between U.S. dollars and Circle’s stablecoin without leaving the bank’s infrastructure. What BNY Is Offering The bank announced the expanded relationship with Circle Internet Group on June 29, 2026. Under the new arrangement, BNY clients … Read more
American Express has created a senior role to lead its stablecoin and blockchain partnerships, signaling that the payments giant is moving from studying digital dollars to building with them. A Newly Created Role Inside Digital Labs American Express is staffing up for a stablecoin push, as the company recently posted a newly created position for … Read more
Polygon processed roughly $80 billion in stablecoin transfer volume in May and led all blockchains in transaction count, the network said, claiming it overtook both Solana and BNB Chain. A Record Month for Stablecoin Settlement Polygon is making its case as the settlement layer of choice for stablecoin payments. The network moved roughly $79.25 billion … Read more
Privacy-focused blockchain networks are drawing scrutiny as stablecoin issuers confront a difficult compliance problem: how to carry out court-ordered freezes without sweeping legitimate users into enforcement actions. Privacy Chains Face a Compliance Challenge Stablecoin freezes are bringing a core limitation of some privacy-focused blockchain systems into sharper view. Issuers may be required to isolate illicit … Read more