launch
PayPal launches PYUSDx after $100M milestone
PayPal, M0 and MoonPay launched PYUSDx, enabling customized PYUSD-backed stablecoins as its first three projects report over $100 million.
Stablecoin
News
U.S. Bank pilots USBDC stablecoin on Stellar
U.S. Bank completed a live USBDC payment on Stellar, testing cross-border settlement, minting, redemption, freezing and clawbacks.
Fidelity
Fidelity brings FIDD stablecoin to on-chain finance
Fidelity expands its $50 million FIDD stablecoin for institutional use, with dollar redemption, Ethereum transfers and monthly reserve reviews.
Circle
Circle put USDC on Chelsea’s shirt and the FCA did not blink
The first regulated crypto company to land a Premier League shirt deal did so three months after the Financial Conduct Authority told clubs to stop signing…
Bitcoin
Corn launches private members club for digital asset holders after Bitcoin L2 pivot
Corn has launched a private members club for digital asset holders after closing its Bitcoin layer-2 network, as a third investment from Polychain Capital has taken…
News
UAE retailers begin accepting DDSC stablecoin payments in new pilot
DDSC and Network International have launched the UAE’s first in-store pilot for payments using a Central Bank-licensed, AED-backed stablecoin, allowing customers to spend DDSC through existing…
acquisition
Circle buys Tazapay in $400M all-stock deal
Circle agreed to acquire Tazapay for $400 million in stock, adding payment volume exceeding $25 billion and payout rails across 100 markets.
Clarity Act
CLARITY Act faces defeat as Senate ethics fight deepens
The CLARITY Act has moved closer to defeat ahead of its Sept. 15 Senate vote as lawmakers remain divided over presidential ethics rules and stablecoin rewards.…
News
Visa expands stablecoin card network to 160 programs
Visa reports 160 stablecoin-linked card programs, nearly 200% payment growth and a $20 billion annualized settlement rate.
News
Stablecoin growth will test 24/7 FX liquidity, TransFi CEO says
Local-currency stablecoin launches have increased demand for 24/7 foreign exchange liquidity as more than 70% of conversions into dollar stablecoins begin in another currency. Raj Kamal,…