Open USD rattled Circle's stock, but its key backers still support USDC
Executives at Coinbase, Visa and Mastercard said they plan to support multiple stablecoins, suggesting Open USD is another payments rail rather than a direct…
Samsung is poised to become a dominant stablecoin distributor, analysts say
Samsung seeks to turn 800 million Galaxy phones into wallets for digital assets and blockchain payments, backed by a deeper play in crypto infrastructure.…
BlackRock debuts tokenized access to $311 billion of money market funds in Europe
Earlier this week, BlackRock expanded its U.S. tokenized cash platform which involved offering onchain shares of an existing fund, plus a new daily…
Mastercard completes $1.8B BVNK acquisition in stablecoin push
Mastercard said the tieup would help banks, fintechs and enterprises expand stablecoin payments, payouts, settlement and treasury services. Source：Cointelegraph
BlackRock launches tokenized money market funds for stablecoin reserves
The asset manager introduced two blockchainbased money market funds designed to qualify as stablecoin reserve assets under the US GENIUS Act.…
Circle slides after Morgan Stanley downgrade, cut in price target
The bank said tokenized money market funds, Open USD and slower USDC growth could weigh on the stablecoin issuer's earnings. Source：CoinDesk
BlackRock expands tokenized cash with new blockchain-based money market offerings
Both funds intend to qualify as eligible reserve assets for permitted U.S. payment stablecoin issuers under the GENIUS Act. Source：CoinDesk
South Korean stablecoin outflows top $367M in June: Report
Stablecoins have been flowing out of South Korean exchanges for 18 consecutive months as regulators weigh tighter oversight of crossborder crypto activity.…
Bank of Italy research suggests stablecoins aren't necessarily cheaper for remittances
A mysteryshopping experiment found that exchange fees, foreign exchange spreads and banking rails mean stablecoin remittances are often no cheaper than…
Bank of Italy finds no consistent cost advantage for stablecoin remittances
Researchers found that fiat conversion costs and payment infrastructure, rather than blockchain fees, accounted for most of the differences in stablecoin…
Coinbase Q2 profit misses estimates despite record crypto market share
The crypto exchange blamed softer spot trading and low volatility for the earnings miss while highlighting growth in derivatives, stablecoins and tokenized…
Samsung unit explores stablecoin infrastructure with Upbit’s operator
Samsung SDS is discussing stablecoin infrastructure and AIbased payment models with Dunamu, the operator of South Korean crypto exchange Upbit.…