Tag: Stablecoin

Binance Exchange Lists Ripple’s RLUSD Stablecoin

Key Notes Binance is set to list Ripple’s USD-pegged stablecoin RLUSD. RLUSD is first supported on Ethereum, with XRPL to follow later. Ripple plans to expand RLUSD to multiple Ethereum Layer-2 networks in 2026. After a year since its launch, Ripple’s XRP $1.88 24h volatility: 2.3% Market cap: $114.51 B Vol. 24h: $3.38 B USD-pegged stablecoin RLUSD has finally become available on Binance. The San Francisco-based blockchain payments firm announced the milestone on X, stating that it is supported on Ethereum ETH $2 907 24h volatility: 6.2% Market cap: $350.44…

Noble Stablecoin Blockchain Migrates From Cosmos To Ethereum

Noble, a stablecoin blockchain, has announced it is moving from the Cosmos ecosystem to Ethereum, citing the need to access a better tech stack and wider developer community. Noble announced on Tuesday that it will be migrating its Cosmos SDK-based blockchain to a standalone EVM (Ethereum Virtual Machine) layer 1, planning to launch on March 18. Noble is a venture capital-backed blockchain originally designed as a neutral liquidity hub for stablecoin and tokenized real-world asset issuance.  Due to its evolution into a network supporting real end-user stablecoin applications and DeFi,…

Stablecoin Yield Prohibition Gives Digital Yuan Leg Up Over USD: Scaramucci

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The expanded prohibition on stablecoin yield in the CLARITY Act makes the US dollar less competitive than the Digital Yuan, Scaramucci said. The prohibition on yield-bearing stablecoins in the CLARITY Act puts the US dollar at a competitive disadvantage to China’s Digital Yuan, a yield-bearing central bank digital currency, according to Anthony Scaramucci, founder of asset manager SkyBridge Capital. “The whole system is broken,” Scaramucci said in response to the prohibition on crypto exchanges and service providers offering customers yield on stablecoins in the CLARITY Act, a crypto market structure…

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…