SBI Unveils Trust Bank-Backed Yen Stablecoin
SBI Holdings and Startale Group introduced JPYSC, a trust bank-backed yen stablecoin targeting institutional and cross-border use ahead of a planned Q2 launch.
SBI Holdings and Startale Group introduced JPYSC, a trust bank-backed yen stablecoin targeting institutional and cross-border use ahead of a planned Q2 launch.
Aave has surpassed $1 trillion in cumulative lending volume, underscoring its dominance in DeFi lending as institutional adoption of onchain credit markets grows.
AllUnity, backed by Deutsche Bank’s asset management arm, has launched CHFAU, a Swiss franc-pegged stablecoin for institutional clients under MiCA compliance.
Tether’s market capitalization is on track for a second consecutive monthly decline, reflecting softer capital flows in the crypto market. Analysts say stalled stablecoin growth could weigh on broader recovery momentum.
US authorities seized over $61 million in USDT linked to a large-scale pig butchering fraud scheme, highlighting increased enforcement against crypto-enabled scams.
Meta is preparing to relaunch stablecoin payments later this year, leveraging a third-party vendor and a new wallet to navigate regulatory and operational challenges.
Bloomberg Intelligence estimates Coinbase’s USDC-related revenue could rise significantly if stablecoin payments adoption accelerates, even as lawmakers debate tighter yield rules.
Terraform’s wind-down trust has filed a lawsuit against Jane Street over alleged trading tied to the 2022 TerraUSD collapse. The case centers on claims of using non-public liquidity information.
Stablecoin reserves on Binance have declined nearly 19% since November, reflecting weaker inflows and broader liquidity tightening across crypto markets.
NYDIG research indicates capital in crypto is concentrating around financial use cases, with fewer applications attracting durable investor interest. The shift may clarify long-term winners while reducing speculative breadth.
SEC staff said broker-dealers can apply a 2% haircut to stablecoin holdings when calculating net capital. The clarification reduces regulatory uncertainty around stablecoin balance sheet treatment.
World Liberty Financial, in partnership with Securitize, plans to tokenize revenue interests from loans secured by the Trump International Hotel and Resort, offering investors fixed income plus loan revenue exposure.
CME Group will begin 24/7 trading of Bitcoin, Ethereum, XRP, and Solana futures and options on May 29, responding to rising institutional demand and reducing weekend market gaps.
Soil has introduced a compliant real-world asset-backed yield protocol for RLUSD on the XRP Ledger, offering institutional-style returns and expanding stablecoin utility.
Bundesbank President Joachim Nagel advocates euro-denominated stablecoins and wholesale CBDCs to support the euro’s global role and mitigate risks from USD-pegged counterparts.