Tag: Stablecoin

Bakkt’s Revenue Falls 77% in Q1 as Stablecoin Pivot Takes Shape

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Bakkt swung to a first-quarter loss as crypto services revenue fell 77%, underscoring the digital asset platform’s push to reposition itself around stablecoin payments and AI-enabled financial infrastructure. On Monday, the company reported a net loss attributable to Bakkt of $11.7 million, or 41 cents per basic and diluted share, for the quarter ended March 31. That compares with net income attributable to Bakkt of $7.7 million, or $1.13 per diluted share, a year earlier. Crypto services revenue fell to $243.6 million from $1.07 billion in the prior year’s period,…

Kraken’s $600M stablecoin firm, Huione scandal deepens, Asia Express

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Everything that happened in crypto news in Asia over the past seven days: Asia Express. In this issue Kraken’s parent buys Hong Kong payments firm for $600 million Hun To denies operational role in Huione Pay South Korea pencils in crypto tax date Samsung’s IT arm lands tokenized securities platform project Bithumb joins Vietnam’s crypto license race Japan’s biggest banks want to put government bonds on a blockchain Japan’s crypto body sets staking standards Influencer cools Binance Philippines comeback rumors Kraken’s parent buys Hong Kong payments firm for $600 million…

Circle Stock Rallies 15% as Wall Street Bets on Stablecoin Adoption

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Shares of stablecoin issuer Circle surged Monday after the company reported mostly upbeat earnings and disclosed that a major crypto venture capital fund had purchased $222 million worth of its blockchain tokens. Circle’s shares rose almost 16% to close at $131.76, its highest level since March 18, according to Yahoo Finance. CRCL stock gave back some of its gains in initial after-hours activity. The gain extends Circle’s strong run in 2026. Shares are now up 66% year to date, giving the company a market capitalization of roughly $35 billion. Circle…

Augustus Wins OCC Approval for AI and Stablecoin Bank Charter

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Peter Thiel-backed payments startup Augustus received conditional approval from the US Office of the Comptroller of the Currency (OCC) to establish a US national bank built around artificial intelligence and stablecoin-based payments. The approval, announced Monday, would allow Augustus to expand its existing European banking operations into the US, as financial firms increasingly compete to modernize cross-border settlement infrastructure using tokenized dollars and blockchain-based payment systems. The company describes Augustus National Bank as “the first clearing bank for the AI era,” built on an AI and stablecoin-native core designed to…

BULLISH XRP NEWS JUST DROPPED While The 2026 Bitcoin CRASH BOMB Is TICKING!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io BULLISH XRP NEWS JUST DROPPED While The 2026 Bitcoin CRASH BOMB Is TICKING! Hey babes, on today’s show, I cover bullish XRP developments as Ripple partners with KBank for onchain global payments and RLUSD expands cross-chain via Wanchain. I also break down the growing debate around freezing 5.6M Bitcoin due to quantum threats and why some believe it could trigger a major market shock. Other big topics include AAVE, Solana, Litecoin under attack, Zebec, Cardano, Filecoin, Algorand, and more xo 00:00 HEY…

Stablecoin Market Adds $2 Billion in 7 Days as USDT Holds Near $190 Billion – Bitcoin News

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Key Takeaways Tether’s USDT hit $189.63B on May 10, keeping 58.76% control of the stablecoin market. Circle’s USDC added $1.61B in 7 days, signaling renewed demand for dollar-backed crypto. USDG jumped 11.89% to $2.658B, putting newer stablecoins back in the spotlight. Stablecoin Market Starts Swelling Again As of this weekend, tether ( USDT) remains the unquestioned heavyweight of the sector, holding a towering $189.63 billion market valuation; the asset posted a mild 0.05% increase over the past week. USDT’s share of the $322.74 billion stablecoin market now stands at 58.76%,…

Lagarde Blocks Euro Stablecoin Push, Calls $300B Market a Stability Risk for ECB Policy – Bitcoin News

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Key Takeaways ECB President Lagarde called euro-denominated stablecoins a financial stability risk on May 8, 2026. Lagarde mentioned that USDC depegged to $0.877 during SVB’s 2023 collapse, exposing $3.3 billion in Circle reserves. The ECB’s Pontes project launches in September 2026 to anchor DLT settlement in central bank money. Lagarde Warns European Banks That Euro Stablecoins Could Narrow ECB Rate Channel Lagarde delivered her remarks at the Banco de España Latam Economic Forum in Roda de Bará, Spain. The speech, titled “ Stablecoins and the future of money: separating functions…

Exodus Launches XO Cash Stablecoin for AI Agent Payments

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Crypto wallet provider Exodus has launched XO Cash, a Solana-based stablecoin and software toolkit designed to let AI agents make payments and access services without directly controlling private keys. According to Friday’s announcement, the system, developed with MoonPay, allows developers to create agent-linked wallets, assign spending limits and issue virtual debit cards tied to Visa payment rails. XO Cash integrates with Exodus Pay and includes a software development kit that allows users to fund AI agent wallets using their Exodus Pay balances while maintaining custody of their private keys. Users…

US Senator Questions Mark Zuckerberg on Meta’s Stablecoin Plans

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Massachusetts Senator Elizabeth Warren called on Meta CEO Mark Zuckerberg to answer questions about the company’s stablecoin integration in 2026, signaling concerns about guardrails. In a Wednesday letter to Zuckerberg, Warren said Meta’s lack of transparency regarding its stablecoin was “deeply troubling,” given the company’s previous plans to roll out Libra, a global stablecoin proposed in 2019 that was later rebranded to Diem. The senator said Meta’s plans were necessary for Congress to understand, given the US government’s efforts to pass a digital asset market structure bill with implications for…

Stablecoin Industry Opposes Bank of England’s Unhosted Wallet Ban

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As the UK considers options to attract and develop the crypto industry at home, the Bank of England (BOE) has put forward several proposals for how it might regulate stablecoins to mitigate perceived financial risks. These have included a ban on custodial wallets for stablecoin holdings. The UK crypto industry, from stablecoin issuers to Bitcoin hardliners, has predictably taken issue with the ban. “This would be a serious misstep for the UK, risking long-term damage that is hard to unwind,” said Benoit Marzouk, CEO of stablecoin issuer tGBP told Cointelegraph.…