Japan’s Three Megabanks Complete Cross-Border Stablecoin Trial
MUFG, Mizuho and SMBC completed a joint yen stablecoin payment pilot, testing issuance, transfers and redemption ahead of planned commercial use.
Stablecoins - Page 3
Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged to a fiat currency like the US dollar. They aim to combine the efficiency of blockchain transactions with the price stability of traditional money. Stablecoins are commonly used for trading, payments, and transferring value across crypto platforms. Some are backed by reserves, while others rely on algorithms or crypto collateral. Their growing use has made stablecoins a key bridge between traditional finance and the crypto economy.
Latest Stablecoins News
Circle Shares Rally 9.3% Ahead of November 4 Earnings
Circle shares gained 9.33% on October 15 as its USDC business expands, with the company’s next quarterly earnings report scheduled for November 4.
Deutsche Bank Nears Crypto Custody Launch, Eyes Asia in 2027
Deutsche Bank expects to launch crypto custody in Germany within weeks and expand to Asian financial centres in 2027, according to its corporate banking co-head.
Stripe and Plasma Team Up on Multi-Currency Stablecoin Cards
Stripe and Plasma will develop cards for spending across fiat and stablecoin balances, with infrastructure expansion to 100+ countries planned for 2027.
Visa Direct Launches USDC Funding for Global Payouts
Visa Direct’s stablecoin prefunding is live through Inyo Global, whose wider payout network spans 180-plus countries, with access subject to eligibility.
Mastercard and BVNK Launch Global Money Platform for Fiat and Stablecoins
Mastercard and BVNK’s new Global Money Platform combines fiat accounts, stablecoins, cards and bank payouts, with Nuvei and Marqeta among early integrators.
StandX Announces Shutdown and Cancels Token Launch
StandX will close remaining positions on January 15 and end withdrawals on January 31, 2027, replacing its token plans with a one-time DUSD airdrop.
Tether Paid $6.3M to Firm Co-Owned by Bo Hines, WSJ Reports
Tether paid about $6.3 million to Nxum, co-owned by former Trump crypto adviser Bo Hines, WSJ reports. Nxum denies improper involvement during his service.
USDC Becomes EU’s First Significant E-Money Token Under MiCA
USDC will move to dual EBA and French ACPR supervision on November 12, becoming the EU’s first significant e-money token under MiCA.
Solana’s Stablecoin Supply Hits Record: Is SOL’s Fundamental Value Strengthening?
A close look at Solana’s DeFi activity on DeFiLlama shows a TVL of $6.03 billion and a modest 0.79% increase in the past 24 hours.