Tag: Stablecoin

FDIC Considering Tokenized Deposit Insurance, Stablecoin Applications

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The acting chair of the Federal Deposit Insurance Corporation (FDIC), the regulatory body overseeing banks in the US, is reportedly considering guidance for tokenized deposit insurance and plans to launch an application process for stablecoins by year’s end. Acting FDIC Chair Travis Hill, who has made bullish statements about tokenization in the past, told the Federal Reserve Bank of Philadelphia’s Fintech Conference on Thursday that the regulator will eventually release guidance around tokenized deposit insurance, according to reports. The FDIC protects depositors in the event of a bank failure and…

Banning Stablecoin Merchant Rewards Would Be Unamerican: Coinbase

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Crypto exchange Coinbase has slammed US banking groups for asking regulators to ban merchant rewards, cashbacks and discounts offered to customers who pay with stablecoins, calling the request “unamerican.” The clash relates to the statutory language of the GENIUS Act, which prohibits stablecoin issuers from offering interest or yield to holders of the token, but it does not explicitly extend the ban to crypto exchanges or affiliated businesses. The banking groups claim an “indirect interest” arises when a third-party financially benefits and has a connection to the stablecoin issuer. Coinbase…

MoonPay Launches Enterprise Stablecoin Suite with M0 Integration

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Crypto payments platform MoonPay has launched a new stablecoin suite that allows companies to issue and manage stablecoins across multiple blockchains, supported by an integration with M0. The collaboration offers enterprises a stack to launch and distribute their own stablecoins at scale, MoonPay said on Thursday. The rollout marks MoonPay’s expansion from a fiat-to-crypto on-ramp to a full-stack stablecoin infrastructure, covering issuance, ramps, swaps and payments. “By integrating with the M0 platform, MoonPay becomes a key provider of stablecoin infrastructure, spanning on/off ramps, payments, and now custom issuance,” said Luca…

Kyrgyzstan’s Gold-Backed Stablecoin Just Might Put the Spotlight on Best Wallet Token

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What to Know: USDKG changes the usual stablecoin model by backing a dollar peg with real gold from Kyrgyzstan’s reserves.  If gold and commodity stablecoins grow, users will want wallets that handle many stablecoins without turning their portfolio into a spreadsheet headache. Best Wallet Token ($BEST) gives real perks, like lower fees, early presale access, and smooth cross-chain swaps. Stablecoin liquidity drives the market, and wallet-layer tokens can collect lasting value from routing, discovery, and spending features. Think of them as the toll booths of the crypto highways.  Kyrgyzstan surprised…

Cash App Adds Lightning Payments and Stablecoin Support

Key Notes Bitcoin USD payments over Lightning Network launch later in November with Bitcoin Map for merchant discovery and local spending options. Stablecoin support will allow eligible customers to send and receive stablecoins with USD balance interoperability, subject to regulatory approval. Cash App Borrow expanded to 48 states with loans up to $500 requiring no credit checks, while Moneybot AI assistant enters pilot phase. Cash App announced Bitcoin BTC $102 404 24h volatility: 2.3% Market cap: $2.04 T Vol. 24h: $76.37 B USD payments over Lightning Network and stablecoin support…

Sui Foundation Launches USDsui Native Stablecoin to Capture Network Yield Revenue

Key Notes Bridge manages USDsui reserves through major custodians, enabling Sui to earn interest on backing assets held in cash and Treasuries. The launch leverages compliance with the GENIUS Act, allowing nonbank issuance under federal oversight for payment tokens. Native stablecoin deployment represents Sui’s strategy to internalize economic value from its high-frequency financial applications ecosystem. The Sui Foundation announced the launch of USDsui on Nov. 12, introducing a native asset that allows the ecosystem to retain yield from the network’s stablecoin activity. The network processed $412 billion in transfer volume…

$1B Stablecoin Inflow to Binance Signals Buying Spree

Key Notes Over $1 billion in stablecoins have entered Binance in 24 hours. Roughly $466 million in ETH has left the leading crypto exchange. The market is moving similarly to the sudden buying spree on Oct.12. Binance, the largest crypto exchange by trading volume, is showing positive signs for a market-wide surge. The exchange recorded net inflows of $377 million USDT USDT $1.00 24h volatility: 0.0% Market cap: $183.51 B Vol. 24h: $99.33 B and $650 million USDC USDC $1.00 24h volatility: 0.0% Market cap: $75.98 B Vol. 24h: $7.01…

Bank of England Proposes £20,000 Limit in Landmark Stablecoin Framework

The Bank of England proposed rigorous rules for sterling stablecoins, including allowing up to 60% of reserves in short-term UK debt and setting £20,000 limits per individual, aiming to protect consumers while securely expanding digital money adoption. Bank of England Proposes Sweeping Rules to Regulate Sterling Stablecoins The Bank of England moved to strengthen oversight […] Source CryptoX Portal

Brazil Brings Crypto Under Banking Rules, Targets Stablecoin Payments

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Brazil’s central bank has finalized rules that bring crypto companies under banking-style oversight, classifying stablecoin transactions and certain self-custody wallet transfers as foreign-exchange operations.  Under Resolutions 519, 520 and 521, published Monday, the Banco Central do Brasil (BCB) established operational standards and authorization procedures for what it calls Sociedades Prestadoras de Serviços de Ativos Virtuais (SPSAVs), a new category of licensed virtual-asset service providers operating in the country.  The framework extends existing rules on consumer protection, transparency and Anti-Money Laundering (AML) to crypto brokers, custodians and intermediaries.  The rules will…

Standard Chartered to Support DeCard Stablecoin Payments in Singapore

Standard Chartered has partnered with DCS Card Centre to act as the principal banking partner for DeCard, a new credit card that lets users spend stablecoins in everyday transactions. The launch starts in Singapore, where regulators have encouraged experimentation with digital payment systems, before expanding to other major markets, the companies said on Tuesday DeCard says it aims to make stablecoin spending as easy as using a regular credit card. It connects digital assets with traditional payment rails, allowing users to make purchases at merchants without worrying about volatility or…