stablecoins
Every story this desk has filed under stablecoins, most recent first.
Stablecoin Payments Hit $482bn This Year Even as Supply Stops Growing
Allium data puts stablecoin payment volume up 45 percent so far in 2026, driven by card spending and new rails at Visa, Mastercard and Stripe, while the outstanding supply of the tokens themselves has flattened.
The BIS Finds Banks Can Slow Stablecoins by Paying Savers One Basis Point More
A working paper from the Bank for International Settlements links a one basis point rise in US deposit rates to ten-week stablecoin growth falling from 15 percent to 12 percent.
Mastercard Puts Stablecoin Balances Behind an Ordinary Card API
The Global Money Platform is the first major product out of Mastercard's BVNK acquisition, letting banks and fintechs hold, convert and spend both fiat and stablecoins through one interface. Nuvei and Marqeta are among the first users.
Standard Chartered Will Custody RLUSD in Dubai and Let Clients Pledge It Without Moving It
The bank's Dubai branch has opened custody for Ripple's RLUSD stablecoin and plans a link with LMAX under which institutions could post the tokens as trading collateral while the coins stay in custody.
French Lawmakers Vote to Tax Stablecoin Swaps, Then Vote Down the Budget Carrying It
A National Assembly committee adopted amendments taxing crypto-to-stablecoin conversions and unrealised gains for wealthy holders leaving France, before rejecting the revenue section of the 2027 budget.
Base Says Its Six-Week-Old Stock Tokens Are Doing $70m to $100m a Day
Jesse Pollak, who created Coinbase's Base network, put daily volume on its tokenized equities at $70m to $100m and said stocks and non-dollar stablecoins will drive the next phase of tokenisation.
Europe's Markets Regulator Gives Platforms Three Months to Clear Out Non-Compliant Stablecoins
ESMA told authorised crypto firms in the EU to stop offering stablecoins that do not meet MiCA requirements, blocking new access immediately and leaving national regulators three months to deal with what customers already hold.
A Payments Firm Sues Tether to Unfreeze $2.76m of Its Own Treasury
Conduit says Tether froze its treasury wallet over a Brazilian investigation it has no connection to, and has held the funds for more than a year. It wants a court to restore access.
Kazakhstan's Central Bank Hires Tether to Study a Tenge Token
The National Bank of Kazakhstan has signed an agreement with the issuer of USDT to explore a tenge-pegged stablecoin and a framework for putting real-world assets on a blockchain.
Cardano Gives Token Issuers the Power to Freeze and Seize
A new Cardano standard builds identity checks, sanctions screening and transfer restrictions into the asset itself, aimed at regulated stablecoins, funds and bonds, CoinDesk reported.
Tokenized Funds Now Hold $11.39 for Every $100 Sitting in Stablecoins
The ratio of tokenized fund assets to stablecoin supply has almost quadrupled in two years, according to Crypto Briefing, a sign that onchain cash is moving into instruments that pay.
The Fed Puts a Two-Day Clock on Stablecoin Redemptions
The Federal Reserve opened two proposals implementing the GENIUS Act, setting capital requirements, reserve-asset limits and a two business day redemption window for the issuers it supervises.
Stablecoin Routes Between Countries Grew 77.5 Percent and Carried Almost Nothing
Chainalysis counted 4,708 new country-to-country stablecoin corridors, a 77.5 percent jump. Between them they moved $2.64bn of a $220.3bn total, roughly one percent of the flow.
The ECB Builds a Settlement Rail for Tokenised Assets That Deliberately Excludes Stablecoins
Pontes connects distributed-ledger market infrastructure to the Eurosystem's existing payment rails, so a tokenised bond changing hands settles in central bank money. Full implementation is expected by 2028.
A $1.23bn Tokenised Treasury Fund Becomes Part of a Payment Firm's Stablecoin Reserves
MoonPay will build access to WisdomTree's WTGXX for its account base and hold the tokenised money market fund against its own stablecoin reserves, putting a regulated fund inside payment plumbing.
U.S. Bank Issues Its Own Dollar Token on Stellar and Tests the Freeze Switch
The bank moved value between its North American and European entities using USBDC, a dollar-backed token it issued on Stellar. The pilot covered minting, redemption, freezing and clawback.
Total value locked gets the headlines, but stablecoin supply is the harder number to fake and the one that tells you what a chain is actually for. Here is how the two relate, and what the ratio between them means.
Every onchain equity trade has two legs, and only one of them is the stock. The other leg is a stablecoin, and that substitution is where most of the risk, the cost and the regulatory argument actually sits.
South Korea Sets February 2027 for Tokenized Securities, and Puts Onchain Settlement Last
Financial regulators published a three-stage plan to move capital markets onto distributed ledgers, beginning with unlisted instruments and ending with stablecoin settlement onchain.
Twenty-One Banks Agree to Issue One Stablecoin Between Them
Citi, Goldman Sachs, Bank of America and eighteen other institutions are forming a joint venture to launch a dollar stablecoin for payments and settlement, with a euro token named as the next step.
A $100m Stablecoin Line Against Graphics Cards
Bullish is providing USD.AI with $100m of stablecoin liquidity for loans secured on AI computing hardware. The protocol's API reports $265m of loan reserves and $491m of total value locked.
The Bank of England Is Being Given a Legal Duty to Encourage Stablecoins
A bill due before the House of Lords in September would add an innovation mandate to the Bank's remit, covering digital payments and stablecoins. Financial stability remains its primary objective.
Visa Signs Korea's Largest Exchange Operator for Stablecoin Payments
Visa and Dunamu, the company behind Upbit, will work together on stablecoin payments, remittances and AI commerce. Open Standard's proposed OUSD is among the projects under review.
SBI Pays $270m for a Fifth of an Indonesian Broker to Move Yen Onchain
SBI Holdings is taking a 20% stake in Ajaib, the Indonesian online brokerage, in a deal aimed at building a cross-border settlement network and pushing a yen stablecoin into Southeast Asia, according to CoinDesk and The Block.
Why a Chain Can Hold More Stablecoins Than Total Value Locked
Robinhood Chain reports $726.7m of stablecoin supply against $641.7m of total value locked. The two numbers count different things, and the gap between them is the most useful thing on the dashboard.
Thirty-Nine State Banking Groups Have Agreed to Build a Chain, and Not Yet What It Runs On
The BankChain Alliance would carry tokenized deposits, stablecoins and automated settlement for community banks, with a launch targeted for 2027 and no technology partner selected.
Revolut Puts a Euro Stablecoin in Front of Retail, and Someone Else Issues It
Revolut has begun a phased rollout of EURR to selected customers in Denmark, Poland and Portugal. The token is issued by Bridge, with reserves held at a Luxembourg subsidiary of Stripe, and its outstanding supply starts near zero against Circle's EURC.