Stablecoins & Markets
Kim Min-jun
Coverage focuses on reserves, redemption and the flow of money through digital-asset markets.
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Fed Proposes Rules for Payment Stablecoin Issuers
Two proposals cover reserves, capital, risk controls and an application process for firms under Fed supervision.
Payward and Ledger Plan Wallet and Trading Integrations
The announced work connects Ledger signing with Kraken and adds Payward services inside Ledger Wallet.
Reap and Visa Plan Stablecoin Cards in 100+ Markets
The collaboration targets a wider geographic rollout; it does not mean every market is already live.
Binance Invests $100 Million in Circle
The companies also announced a five-year commercial agreement focused on expanding USDC access.
SoFiUSD Settlement Goes Live on Mastercard
SoFi says transactions are live as it migrates its card program to stablecoin-based settlement.
Eurosystem Launches Pontes for Tokenized Settlement
The service connects wholesale tokenized-asset transactions with settlement in central bank money.
Tether Reports a $4.11 Billion Reserve Buffer
The June 30 reserve snapshot shows assets above liabilities; the assurance has a defined reporting scope.
Keeta and LayerZero Plan Multichain Bank-Money Tokens
The partnership targets deposit-backed tokens across Keeta, Ethereum, Solana and Base.
Visa Opens Its Stablecoin Platform for Beta Testing
Selected clients can test wallet, issuance and transfer workflows, beginning with Open USD.
UK and U.S. Set Shared Principles for Stablecoins
The joint statement seeks compatible rules and cross-border access without granting automatic market entry.
Spiko Adds USDC and EURC Fund Payments
Investors can use stablecoins to subscribe to and redeem Spiko's euro and dollar T-Bills funds.
Bank of England Revises Its Stablecoin Reserve Plan
The policy statement shifts the reserve mix and replaces proposed holding caps with an issuance guardrail.
Banks Plan Shared Tokenized-Money Infrastructure
The Clearing House will operate an initiative linking tokenized deposits with established payment networks.
SoFi Adds SoFiUSD to Its Banking App
Members can begin buying, holding and converting the bank-issued stablecoin inside the SoFi app.
DTCC Sets Out Its Tokenization Service Timetable
DTCC plans limited production trades in July and a wider service launch in October.
Fed Researchers Examine Banks' Stablecoin Response
A historical review compares stablecoin competition with money market funds and digital payment platforms.
Visa Expands Its Settlement Pilot to Nine Blockchains
Arc, Base, Canton, Polygon and Tempo join Visa's supported stablecoin settlement networks.
Banking Circle Adds Stablecoin Settlement Services
The Luxembourg bank links its core platform with USDC, USDG and EURI after a CASP license approval.
Circle Launches Managed Stablecoin Payments
CPN Managed Payments lets institutions use stablecoin settlement while interacting in conventional currency.
SEC Sets Out Its Crypto-Asset Classification Approach
A new interpretation separates an asset's characteristics from the investment arrangements around it.
Tempo Goes Live With a Machine Payments Protocol
Tempo opens mainnet access and introduces MPP for programmatic payments between agents and services.
Mastercard Agrees to Buy BVNK for Up to $1.8 Billion
The planned acquisition adds stablecoin infrastructure, with regulatory review and closing still ahead.
PYUSDx Targets Application-Specific Stablecoins
MoonPay and M0 introduce infrastructure for tokens backed by PayPal USD, with a separate issuer.
FCA Selects Four Firms for Stablecoin Tests
Monee, ReStabilise, Revolut and VVTX join a sandbox focused on stablecoin issuance.
Payoneer Plans Stablecoin Tools With Bridge
Payoneer plans receiving, holding and sending stablecoins, with an initial rollout in the second quarter.
Tether Introduces USA₮ With Anchorage as Issuer
USA₮ targets the U.S. market as a separate dollar token from the globally used USD₮.
NYSE Plans a Tokenized Securities Trading Venue
The proposed platform combines 24/7 trading and onchain settlement, subject to regulatory approval.
Google UCP Connects AI Shopping to Merchant Systems
The open commerce protocol covers checkout and order workflows while leaving the retailer in control.
Visa Brings USDC Settlement to U.S. Institutions
Cross River Bank and Lead Bank begin settling with Visa in USDC over Solana.
OCC Conditionally Approves Five Trust Bank Applications
Five digital-asset institutions receive conditional charter decisions, with requirements still to meet.
Ethereum's Fusaka Upgrade Expands the Path for Rollups
Fusaka activates PeerDAS and a mechanism for raising Ethereum's blob capacity between major upgrades.
KlarnaUSD Debuts on Tempo's Testnet
Klarna announces a dollar stablecoin for testing, with a mainnet release planned for 2026.
JPM Coin Opens to Institutional Clients on Base
J.P. Morgan makes its dollar deposit token available after tests with B2C2, Coinbase and Mastercard.
Bank of England Proposes Systemic Stablecoin Rules
The UK proposal combines central-bank deposits, short-term gilts and limits on stablecoin holdings.
ECB Moves the Digital Euro Into Its Next Phase
The ECB advances technical preparations while leaving any issuance decision dependent on legislation.
Circle Opens Arc's Public Testnet
Circle's payments-focused blockchain moves into public testing with more than 100 participating companies.
Visa Proposes a Way for Merchants to Recognize AI Agents
Visa and Cloudflare set out a protocol for identifying authorized shopping agents at checkout.
Swift Plans a Shared Ledger for Cross-Border Payments
Swift and more than 30 financial institutions will develop a ledger for regulated tokenized value.
Google AP2 Gives AI Purchases a Signed Paper Trail
Google's Agent Payments Protocol records what a shopper authorized an AI agent to buy.
Tempo Introduces a Blockchain Built for Payments
Stripe and Paradigm incubated a network designed around stablecoin transfers and business payments.
