Tag: Stablecoin

India’s Gov To Consider Stablecoin Regulations in Annual Policy Report

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The government of India may consider stablecoin regulations in its Economic Survey 2025-2026, while the Reserve Bank of India (RBI) takes a “cautious” approach to crypto and pushes for a central bank digital currency (CBDC), revealing a divergence in policy recommendations.  The government will “present its case” for stablecoins in the annual report published by India’s Ministry of Finance, which outlines key policy recommendations and the state of the economy, business publication MoneyControl reported, citing an official familiar with the matter. However, the central bank continues to urge a “cautious”…

Toku and PDAX Enable Stablecoin Payroll in the Philippines

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PDAX, a regulated cryptocurrency exchange in the Philippines, has partnered with Web3 payroll provider Toku to enable remote workers in the country to receive wages in stablecoins. According to Tuesday’s press release, the new integration connects Toku’s token-based payroll system with PDAX’s regulated cash-out rails, enabling companies to send stablecoin wages through their usual payroll flows and allowing workers to convert earnings to pesos without incurring wire fees or delays. Toku routes payments directly to PDAX wallets or external addresses for real-time, onchain settlement. Workers can then cash out to…

Paxos Launches USDGO Stablecoin Across Hyperliquid, Plume and Aptos

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Paxos Labs has launched USDG0, an omnichain extension of its regulated USDG stablecoin, bringing fully backed dollar liquidity to Hyperliquid, Plume and Aptos through LayerZero’s OFT standard. According to an X post from Paxos Labs on Tuesday, USDG0 extends USDG (USDG), a 1:1 dollar-backed stablecoin issued by Paxos and governed by the Global Dollar Network, to new chains without creating separate wrapped versions.  By using LayerZero’s OFT standard, USDG0 can move across blockchains as a single native asset while preserving the same regulatory protections and backing as USDG on Ethereum,…

Grab Super App Eyes Stablecoin Settlement With StraitsX

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Grab, Southeast Asia’s largest super-app, is taking a deeper step into stablecoin infrastructure with a new exploratory agreement with StraitsX, a Singapore-based stablecoin issuer. The two companies announced on Tuesday that they had signed a memorandum of understanding (MOU) to develop a Web3-enabled settlement layer that brings digital asset wallets, programmable payments and stablecoin-based clearing into everyday consumer experiences.  If approved by regulators and implemented, the system would allow Grab users to hold and spend StraitsX-issued tokens like XSGD and XUSD directly within the app, which is available in Singapore,…

ECB Warns U.S. Stablecoin Surge Is a Global Risk

Key Notes Sleijpen cautioned that widespread use of dollar-backed stablecoins could weaken the EU monetary control. This could push it toward emerging-market-like conditions and potentially require ECB policy intervention. Despite concerns, Sleijpen noted improved Eurozone economic conditions. Top ECB official and Dutch Central Bank governor, Olaf Sleijpen, recently said that a run on US stablecoin could potentially send shockwaves across the global market. His comments come as the stablecoin volume in 2025 surged by 48% so far, crossing over $300 billion. The surge follows new rules introduced by US President…

5-Year Cardano Holder Loses $6M from Stablecoin Swap

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A five-year Cardano holder accidentally torched more than $6 million in ADA after using an illiquid trading pool to facilitate a stablecoin swap. The trade, first noted by blockchain sleuth ZachXBT on Sunday, saw 14.4 million Cardano (ADA) tokens worth $6.9 million swapped for 847,695 of the US dollar Anzens (USDA) stablecoin, resulting in a loss of approximately $6.05 million. Source: ZachXBT The Cardano user — with wallet address “addr…4×534” — appeared to make a test transaction of 4,437 ADA for a US dollar stablecoin with the ticker USD at…

Amboss and Voltage Partner to Bring Yield to Bitcoin and Stablecoin Payments

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Amboss Technologies and Lightning provider Voltage announced an enterprise integration that pairs Voltage’s Lightning Payments API with Amboss Rails to let businesses accept near‑instant, low‑cost bitcoin and stablecoin payments while earning yield on self‑custodied bitcoin. The stack uses Taproot Assets for in‑flight exchanges between bitcoin and stablecoins and automates liquidity management so treasuries can generate […] Original

Bullish Signal On Binance: BTC/ETH Outflows Counter Surging Stablecoin Inflows

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Exciting data from an on-chain analysis has recently surfaced, revealing accumulation patterns in Bitcoin and Ethereum on the Binance exchange that have historically preceded renewed bullish momentum. Binance Sees $1.77B BTC/ETH In Outflows As $1.58B In Stablecoins Enter In a QuickTake post on November 14, pseudonymous market analyst CryptoOnchain shares insights into the crypto market direction, based on Binance activity. This post revolves around the Binance 7-Day Asset Netflow By Network metric, which shows if more volumes of an asset on specific networks are being deposited into Binance (net inflow),…

Alibaba Mulls Deposit Token Amid China’s Stablecoin Pushback

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The cross-border e-commerce arm of Chinese tech behemoth Alibaba is working on a deposit token amid mainland China’s crackdown on stablecoins, according to CNBC. Alibaba president Kuo Zhang told CNBC in a Friday report that the tech giant plans to use stablecoin-like technology to streamline overseas transactions. The model under consideration is a deposit token, which is a blockchain-based instrument that represents a direct claim on commercial bank deposits and is treated as a regulated liability of the issuing bank. Traditional stablecoins, which these tokens closely resemble, are issued by…

Aave’s Push Service Gains MiCA Authorization for Stablecoin On-Ramps

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Aave Labs became one of the first major decentralized finance (DeFi) projects to secure authorization under Europe’s new Markets in Crypto-Assets (MiCA) regulation, allowing the company to offer regulated stablecoin ramps across the European Economic Area (EEA). The approval enables “Push,” Aave Labs’ fiat-to-crypto service, to let users convert between euros and crypto assets, including the Aave protocol’s native stablecoin, GHO. The Central Bank of Ireland granted the authorization to Push Virtual Assets Ireland Limited, a wholly-owned subsidiary of Aave Labs.  The company selected Ireland for its European operations, signaling…