Tag: Stablecoin

Anti-Money Laundering Is The Stablecoin Use Case No One Talks About

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Opinion by: Debanjan Chatterjee, financial analyst The trajectory of the stablecoin industry is heavily influenced by warring factions on opposite sides debating possible criminal use. Stablecoin opposers point to transfers of illicit funds. Proponents argue that the transparent nature of blockchains can be used to detect such crimes.  There is a lack of awareness of how a deep integration of stablecoins in global finance can drive the use of blockchain’s properties of immutability and transparency to fight financial crimes, even in traditional finance. The stablecoin story The stablecoin industry is…

Nubank Plans Stablecoin Integration for Credit Card Transactions

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Nubank, Latin America’s largest digital bank, is reportedly planning to integrate dollar-pegged stablecoins and credit cards for payments. The move was disclosed by the bank’s vice-chairman and former governor of Brazil’s central bank, Roberto Campos Neto. Speaking at the Meridian 2025 event on Wednesday, he highlighted the importance of blockchain technology in connecting digital assets with the traditional banking system.  According to local media reports, Campos Neto said Nubank intends to begin testing stablecoin payments with its credit cards as part of a broader effort to link digital assets with…

TRX Price Clears 7-Day SMA as Tron Deploys Paypal’s Stablecoin on LayerZero

Key Notes PayPal’s PYUSD stablecoin launches on TRON network through LayerZero integration to expand market reach. Technical analysis reveals golden cross pattern with MACD turning positive, targeting $0.372 resistance level. TRON maintains dominance as largest stablecoin network with over $21 trillion cumulative transfer volume globally. Tron TRX $0.35 24h volatility: 3.1% Market cap: $33.22 B Vol. 24h: $993.13 M price moved above its 7-day average of $0.34 on Thursday, Sept. 18, signaling buyer dominance after a turbulent week that started with four consecutive days in the red. While the US…

MoneyGram Launches Stablecoin App to Reinvent Cross-Border Finance: Is Best Wallet Better?

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MoneyGram is launching its own entry into the digital custody space with an app designed to hold both traditional fiat currencies and stablecoins. A trial run is scheduled in Colombia before MoneyGram expands to other markets. It’s a carefully planned decision, as most remittances in Colombia come from abroad, usually in USD. The underlying blockchain is powered by Stellar and Crossmint, with customer balances held in Circle’s USDC. While MoneyGram’s new wallet appears to be a good way to bring existing MoneyGram customers into stablecoins, support for other cryptocurrencies is…

Binance Stablecoin Reserves Hit Record High

Key Notes ERC20-based USDT reserves surge to roughly $32.6 billion, offsetting a TRC20 decline. Single-day inflows on Binance recently exceeded $2.1 billion in USDT and USDC. Analysts see rising institutional deposits and a possible bullish Q4 for crypto markets. Binance’s total stablecoin holdings have climbed to a record $45 billion as traders prepare for potential Q4 volatility. Market analysts suggest this fresh liquidity may strengthen the exchange’s ability to support large trades, creating a more attractive environment for traders. Data from CryptoQuant shows a clear shift toward Ethereum-based ETH $4…

Avalanche Now Hosts First South Korean Won-Based Stablecoin

Key Notes Avalanche has now become host to the first Korean won–backed stablecoin dubbed KRW1. The stablecoin is fully collateralized with Korean won deposits held at Woori Bank. In the meantime, the stablecoin is not included in circulation, but in the PoC phase. Popular South Korean digital asset custodian BDACS has officially rolled out the first won-backed stablecoin on Avalanche. According to the blockchain, this digital asset, dubbed KRW1, is fully collateralized with Korean won deposits held at Woori Bank. It is worth noting that the stablecoin is yet to…

MoneyGram App to Launch in Colombia For Stablecoin Savings and Transfers

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MoneyGram’s digital payments app is set to launch in Colombia, offering locals a way to save in US dollar stablecoins as the Colombian peso continues to weaken. MoneyGram’s crypto service is powered by the Stellar network and leverages Crossmint for self-custody, enabling users to store the USDC (USDC) stablecoin and transfer it overseas nearly instantly.  In a statement on Wednesday, MoneyGram said Colombia is the “ideal launch market” as Colombian families receive more than 22 times the money they send abroad. “For millions of people around the world, sending money…

Fed Day Dry Powder: Cryptoquant Analyst Tracks $7.6B Stablecoin Pile on Exchanges

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With the Federal Reserve meeting today, onchain flows are telegraphing that crypto traders are topping off exchanges and leaning long ahead of a widely expected 25-basis-point cut. Pre-Fed Positioning Stablecoins are doing the heavy lifting. Cryptoquant data shows $7.6 billion in fresh USDT and USDC (ERC-20) deposits heading to trading venues ahead of the decision. […] Source

Tether Plans to Launch US Stablecoin, Market Rallies to Best Wallet Token

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Tether, the company behind the widely used stablecoin $USDT, is taking its next major step in the U.S. market. And despite its expansion plans, the company has made one thing clear: it will remain a private enterprise. Navigating New Regulations The GENIUS Act clarified the US stablecoin landscape, and Tether is wasting no time in taking advantage. The law requires stablecoins issued domestically to be: backed by high-quality, liquid, U.S. dollar-denominated assets to provide monthly transparency into reserve holdings to undergo regular audits $USAT is being structured precisely to meet…

Bitwise files Stablecoin & Tokenization ETF with SEC

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Bitwise filed with the US Securities and Exchange Commission (SEC) to launch the “Stablecoin & Tokenization ETF,” an exchange-traded fund designed to track an index split between companies tied to stablecoins and tokenization. According to a Tuesday filing, the proposed ETF will track an index featuring companies from stablecoin issuers, infrastructure providers, payment processors, exchanges and retailers to regulated crypto exchange-traded products (ETPs) with exposure to Bitcoin (BTC) and Ether (ETH). The index, which will go through quarterly rebalances, is split into two equally weighted sleeves: an equity sleeve and…