The UK’s top bank says it will roll out stablecoin rules “just as quickly as the US” amid concerns that it’s lagging behind global allies. Bank of England Deputy Governor Sarah Breeden expects the government to keep pace with the US in stablecoin regulation, stating that it is “really important” for the allies to be synchronized on rules governing the $310 billion industry. Speaking at the SALT conference in London on Wednesday, Breeden reportedly said the UK will implement a stablecoin regulatory framework “just as quickly as the US” —…
Tag: Stablecoin
Mastercard, Ripple Test Stablecoin Settlement for Gemini Credit Card Deals
Key Notes WebBank becomes first regulated US bank to settle conventional card payments via stablecoin on public blockchain infrastructure. RLUSD stablecoin reaches $1 billion circulation milestone under New York financial regulator oversight since late 2024 launch. Ripple secures $500 million funding at $40 billion valuation while expanding institutional services through Prime brokerage platform. Mastercard, Ripple, Gemini, and WebBank announced a collaboration to explore using Ripple’s RLUSD stablecoin for settling fiat credit card transactions. The partnership was revealed on Nov. 5 at the Ripple Swell 2025 conference in New York. The…
Binance CEO Denies Allegations Company Pushed Trumps’ Stablecoin: Report
Richard Teng, CEO of the global cryptocurrency exchange Binance, has reportedly denied allegations that the company played a role in selecting a stablecoin issued by a Trump family-backed crypto business as part of a multibillion-dollar deal. According to a Tuesday CNBC report, Teng said Binance “didn’t partake” in the decision to use USD1, the stablecoin launched by the Trump family’s World Liberty Financial business, for a $2 billion deal with an Abu Dhabi-based company, MGX. The Binance CEO spoke amid scrutiny from many lawmakers after US President Donald Trump issued…
Ripple’s RLUSD Stablecoin Crosses $1 Billion Market Cap Milestone
Key Notes The stablecoin maintains a 103% reserve buffer with holdings in US Treasury bills and FDIC-insured bank deposits under NYDFS supervision. RLUSD operates on both Ethereum and XRP Ledger networks with 38,166 holders processing $5.05 billion in monthly transfers. Humanitarian organizations including World Central Kitchen now use RLUSD for cross-border aid payments alongside institutional prime brokerage services. Ripple‘s USD-pegged stablecoin RLUSD surpassed $1 billion in market capitalization in early November 2025, less than a year after its December 2024 launch. The stablecoin achieved the milestone through institutional adoption and…
Will record $2.82T stablecoin volume push ETH higher?
Summary Ethereum price trades near $3,604, up 1.2% on the day amid renewed network activity. Stablecoin transfer volume on Ethereum just hit a record $2.82 trillion, signaling resurgent on-chain demand. Can this spike in utility fuel ETH’s next leg higher toward $4,000–$4,200? Ethereum (ETH) is holding firm around $3,604 as on-chain data shows the network processing a record $2.82 trillion in stablecoin volume this month. The surge underscores Ethereum’s dominant position as the settlement layer of choice for digital dollars, and could be a leading indicator of stronger demand for…
Coinbase Mulls $2B BVNK Acquisition In Stablecoin Push
Coinbase Global Inc., the world’s third-largest cryptocurrency exchange, is continuing its stablecoin push, after key legislation in the United States sparked a renewed wave of corporate interest in blockchain-based payments. Coinbase exchange is reportedly in late-stage talks to acquire stablecoin infrastructure startup BVNK in a $2 billion deal, people familiar with the matter told news outlet Bloomberg, according to a Friday report. The $2 billion acquisition is expected to close later this year or in early 2026, pending due diligence from the exchange, according to the anonymous source. The stablecoin…
Fintechs And Neobanks Drive The Next Era Of Stablecoin Adoption
Opinion by: Morgan Krupetsky, vice president of Onchain Finance at Ava Labs On the heels of the GENIUS Act’s passing, the next era of stablecoin usage is being driven by a growing cohort of fintechs and neobanks — integrating stablecoins into their product and service offerings, going where traditional systems have found it economically or operationally infeasible to do so, and, as such, growing their competitive edge. These challenger systems are providing a direct way for people and businesses to more readily access and store stable value in mobile wallets;…
Billions on the Move: October’s Winners and Losers in the Stablecoin Market
The latest data from defillama.com shows the stablecoin market didn’t skip a beat in October, climbing 2.47% even after trimming $1.84 billion in the past week. Tether ( USDT) was the main heavyweight, swelling its market cap by roughly $7.78 billion during the monthlong stretch. October’s Stablecoin Snapshot: Who Rose, Who Fell, and Who’s Still […] Source CryptoX Portal
MiCA Won’t Save Us from a Stablecoin Crisis. It Might be Building One
Europe’s landmark crypto regulation, MiCA, was meant to end the “Wild West” era of stablecoins. Proof-of-reserves, capital rules, redemption requirements: on paper, the framework looks reassuring. Yet, in practice, MICA does little to prevent the kind of systemic risks that could emerge once stablecoins become part of the global financial ecosystem. The irony is striking: a regulation meant to contain risk may, in fact, be legitimizing and embedding it. The contagion problem: when DeFi meets TradFi For years, stablecoins lived in the dark corner of finance: a crypto convenience for…
Stablecoin Usage Patterns Reveal East-West Divide in Blockchain Adoption
A recent study by Electric Capital reveals that while stablecoin usage is global, the Americas lead in stablecoin activity compared to more populous regions. Wallet Size and User Activity Patterns According to the latest study by Electric Capital, stablecoin usage is global, but the Americas generate more stablecoin activity than even more populous regions. The […] Source CryptoX Portal