Tag: Stablecoin

Polygon Slashes 30% Staff in Pivot to Stablecoin Payments

Key Notes Polygon Labs lays off ~30% of staff to accommodate incoming teams from acquisitions. The firm spent >$250M acquiring Coinme (payments) and Sequence (infrastructure). Strategy shifts to Open Money Stack, a regulated, vertically integrated stablecoin platform. Polygon Labs is radically restructuring its operations, slashing approximately 30% of its workforce while simultaneously deploying over $250 million to acquire crypto payments firm Coinme and wallet infrastructure provider Sequence. The move marks a definitive pivot from general-purpose scaling to a vertically integrated, regulated stablecoin payments platform. POL POL $0.14 24h volatility: 8.1%…

Citrea Launches USD Stablecoin for Bitcoin Liquidity Issued by Moonpay, Powered by M0

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Citrea introduces Citrea USD (ctUSD), a 1:1 USD stablecoin issued by Moonpay and powered by M0 for bitcoin liquidity. Citrea announced the launch of Citrea USD (ctUSD), a U.S. dollar–denominated stablecoin backed 1:1 by short‑term U.S. Treasury bills and cash, issued by Moonpay and built on M0’s universal stablecoin platform to serve as native liquidity […] Original

What the GENIUS Act Was Meant to Stop—and the Stablecoin Loophole Banks See

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Key takeaways The GENIUS Act was designed to keep stablecoins as payment tools rather than savings products. As a result, it bans issuers from paying interest or yield to stablecoin holders. Community banks argue that a loophole exists because exchanges and affiliated partners can still offer rewards on stablecoin balances, even if the issuer itself does not pay yield. Smaller banks are more concerned than large banks because they rely heavily on local deposits. Any outflow of deposits could directly reduce lending to small businesses and households. Banks also note…

BVNK to Offer Stablecoin Infrastructure in Partnership with Visa

Key Notes BVNK is expanding its stablecoin rail to support payouts on Visa Direct. Businesses can pre-fund and send payments using stablecoins instead of fiat. Recipients may receive digital dollars directly into their wallets. Stablecoin infrastructure is taking a larger role in global payments after BVNK reached a new agreement to support related activity on Visa Direct. Riding on the Visa real-time money movement network, the setup allows select businesses to send and receive digital dollar payments faster, including outside normal banking hours. Stablecoin Infrastructure Moves into Visa Direct Payments…

WalletConnect Pay Integrates Ingenico Terminals to Expand Real‑World Stablecoin Usage

Key Notes Payment giant Ingenico brings stablecoin checkout to tens of millions of terminals across retail and hospitality worldwide. WalletConnect’s 700+ wallet network and $400B yearly volume now connects to traditional point-of-sale infrastructure seamlessly. Digital currency payments will settle on-chain through Polygon, Base, Arbitrum, and Ethereum starting January 2026. Ingenico has partnered with WalletConnect Pay to enable in-store payments in stablecoins on its POS terminals. This deepens the push to bring digital currencies into mainstream retail. The move connects Ingenico’s large merchant network with WalletConnect’s multichain payment rails. Customers can…

Industry Reacts to Market Structure Provisions on Stablecoin Rewards

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As US senators prepare to mark up a major crypto market structure bill this week, industry leaders are weighing in on proposed changes that could shape whether stablecoin holders can earn interest and rewards. According to an amended draft of the Digital Asset Market Clarity Act released on Monday, the bill states that “a digital asset service provider may not pay any form of interest or yield […] solely in connection with the holding of a payment stablecoin,” effectively barring passive, deposit-like returns on stablecoin balances. The draft leaves room…

New Senate Crypto Draft Allows Activity-Based Stablecoin Rewards

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A new US Senate CLARITY Act draft allows crypto companies to offer activity-based rewards to stablecoin users. The proposal, titled the Digital Asset Market Clarity Act, reveals that certain rewards and incentives tied to the use of stablecoins would be permitted. Still, the provision notes that offering rewards does not cause a stablecoin to be treated as a security or a bank-like product. “Families and small businesses benefit from clear rules of the road,” Senate Banking Chair Tim Scott, who released the amended draft, said in a statement shared with…

Bakkt Stock Surges 20% after Move on Stablecoin Payments Strategy

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With Bakkt’s share price surging following the announcement, the stock deal could be worth about $178 million. Cryptocurrency infrastructure platform Bakkt Holdings announced an agreement to purchase Distributed Technologies Research, a stablecoin and fiat payments infrastructure provider. In a Monday notice, Bakkt said the agreement will have the company issue more than nine million shares of its Class A common stock to Distributed Technologies Research shareholders. At the time of publication, the price of shares of Bakkt Holdings (BKKT) on the New York Stock Exchange was $19.54, having surged more…

Coinbase Pushes to Keep Stablecoin Rewards

Key Notes Coinbase said that it might reconsider its support for the Crypto Bill if the US lawmakers decided to act against stablecoin rewards. Some US policymakers are considering allowing stablecoin rewards only at regulated financial institutions, but not crypto-native firms. On the other hand, Coinbase has already applied for a national banking charter and earns significant income from USDC-based rewards, offering around 3.5% to users. Just ahead of the Jan. 15 deadline for the much-awaited crypto bill of the CLARITY Act, crypto exchange Coinbase is stepping up efforts to…

Stablecoin BULL Indicator | Coinbase FALLING BEHIND | IREN, WULF Upside

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