Tag: Stablecoin

Ex-Binance.US CEO Launches Stablecoin Platform Ahead of L1 Network

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1Money, a company co-founded by the former CEO of Binance.US, has launched a stablecoin orchestration platform ahead of its plans to build a layer-1 blockchain for payments. In a Thursday announcement, 1Money said the platform by the same name will have “zero platform fees,” opting instead for usage-based fees for transactions involving stablecoins and fiat. According to the company, the initiative will continue on 1Money’s layer-1 network for stablecoin payments, offering no gas fees. “For too long, legacy stablecoin service providers have held the ecosystem back with outrageously high monthly…

Fin Raises $17M to Launch Global Stablecoin Payments App

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Former Citadel engineers Ian Krotinsky and Aashiq Dheeraj have raised $17 million to launch Fin, a stablecoin-powered payments app designed for high-value cross-border transactions. According to Fortune on Wednesday, the startup, previously known as TipLink, closed the round with backing from Pantera Capital, Sequoia and Samsung Next. Fin plans to pilot the app within the next month, targeting import-export businesses that often move hundreds of thousands of dollars at a time. Built around stablecoin rails, Fin will enable users to send funds to other payment apps, bank accounts, and crypto…

Tron Hits $80.2B Stablecoin Milestone After Tether Mints 1B USDT On The Network

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the heldTron has emerged as one of the strongest performers during the latest market downturn, showing a level of resilience rarely seen among major altcoins. While most large-cap cryptocurrencies have suffered drawdowns of 40% or more since August, Tron has limited its losses to just 24%, outperforming nearly the entire altcoin sector. This relative strength highlights the network’s unique positioning and the steady demand it continues to attract despite broader market weakness. Related Reading A major factor behind this resilience is Tron’s growing dominance in the stablecoin ecosystem. According to…

Taiwan to Pass Stablecoin Regulations in Late 2026: Report

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Taiwan could see its first stablecoin launched as early as the second half of 2026 as lawmakers advance new rules for digital assets, according to one of the country’s financial regulators. According to a Focus Taiwan report on Wednesday, Financial Supervisory Commission (FSC) Chair Peng Jin-lon said that, based on the timeline for passing related legislation, a Taiwan-issued stablecoin could enter the market in the second half of 2026. Should the Virtual Assets Service Act pass in the country’s next legislative session, and accounting for a six-month buffer period for…

Lawmakers Stumble on Stablecoin Terms as US Congress Grills Fed’s Bowman

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US Representative Stephen Lynch pressed Federal Reserve Vice Chair Michelle Bowman on Tuesday over her past remarks encouraging banks to “engage fully” with digital assets, questioning the Fed’s role in advancing crypto frameworks while showing confusion over the definition of stablecoins. In a Tuesday oversight hearing, Lynch asked Bowman, the Fed vice chair for supervision, about remarks she had made at the Santander International Banking Conference in November. According to the congressman, Bowman said she supported banks “[engaging] fully” with respect to digital assets. However, according to Bowman’s comments at…

Coinbase x402 Adds ID and Age Checks for AI Stablecoin Payments

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Coinbase’s internet-native payment protocol, x402, has integrated Concordium’s identity and age-verification system in a move aimed at enabling AI agents to make automated stablecoin payments. Announced Tuesday, the integration is designed to allow AI-powered applications to pay for goods and services that require age or identity verification, including travel bookings, online content, video games and other age-restricted services.  Concordium CEO Boris Bohrer-Bilowitzki said the partnership is intended “to enable verified stablecoin payments at scale.” As Cointelegraph previously reported, x402 is a protocol that enables pay-per-use payments on the internet.  Developed…

10 European Banks Form Stablecoin Company qivalis

Key Notes Ten major European banks have formed a stablecoin company qivalis. The plan is to launch a euro-backed stablecoin by 2026. EU banks want to tackle the rising dominance of USD-backed stablecoins. A coalition of ten major European banks has officially launched a new Amsterdam‑based company called qivalis to create a euro‑pegged stablecoin capable of countering the overwhelming dominance of US digital‑dollar systems. The consortium includes ING, UniCredit, BNP Paribas, Raiffeisen Bank International, SEB, Danske Bank, CaixaBank, KBC, Banca Sella, and DekaBank. Together, these firms intend to build a…

Does GENIUS Make Stablecoin Issuers Stealth Buyers of US Debt?

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The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, signed into law on July 18, is billed as the statute that finally drags dollar‑pegged tokens out of the regulatory gray zone into a supervised, payments‑first framework. Supporters say it offers legal clarity, consumer protections and a path for programmable money. Critics say it raises a deeper question: If issuers are tightly steered into holding cash and short‑term Treasurys, does that make them structural buyers of US debt? That’s the case laid out by author and ideologist Shanaka Anslem…

Sony to Bring USD-pegged Stablecoin in Early 2026 for In-Game Settlements

Key Notes Sony’s goal behind launching a USD stablecoin is to enable low-cost digital payments and reduce reliance on credit cards. The bank has applied for a US banking license and partnered with Bastion to meet regulatory requirements. However, US banking groups have raised regulatory and consumer-protection concerns. Japanese tech giant Sony is preparing to launch its own USD-pegged stablecoin in the market, used for payments across its gaming and anime ecosystem. The launch will reportedly happen in early 2026. Sony Bank to Come Up with Its USD-Pegged Stablecoin Japan’s…

Ether Eyeing $3.2K As Stablecoin Yields Remain Low: Santiment

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Ether’s price may rise nearly 7% in the near term, as subdued stablecoin yields suggest the crypto market has yet to reach overheated conditions, according to crypto sentiment platform Santiment. “Currently, yields are low, around 4%. This indicates the market has not reached a major top and could still push higher,” Santiment said in a report on Saturday, forecasting that Ether (ETH) could revisit its $3,200 resistance level soon. This represents an approximate 6.7% increase from its price of $2,991 at the time of publication according to CoinMarketCap.  Ether is…