Tag: Stablecoin

AI Agent Economy Sees $73M Settled Through Stablecoin Payments

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Artificial intelligence agents settling payments have gone from concept to reality in the last 12 months, with $73 million settled across 176 million transactions from May last year through April 2026, according to crypto investment firm Keyrock. In a report released Thursday, written in collaboration with crypto exchange Coinbase and the blockchain Tempo, Keyrock researcher Ben Harvey said that “in the past 12 months, machine-to-machine payments have gone from concept to a developed ecosystem.” “Agents have settled over $73 million across 176 million transactions, and incumbents have deployed more than…

StablR Exploit Drains $2.8M as Euro Stablecoin Depegs

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An ongoing exploit is impacting StablR, resulting in the depeg of its Euro and USD stablecoins, while a compromised private key has been blamed, adding to a lengthening list of hacks and exploits this month. Blockchain security firm Blockaid reported on Sunday that its exploit detection system has identified an ongoing exploit on the StablR issuer, with around $2.8 million extracted so far. The suspected cause is a private key compromise of one owner in the minting multisignature account, which used a weak 1-of-3 threshold, stated Blockaid.  The attacker added…

ECB Rejects Euro Stablecoin Push, Warning of Risks to Banks and Monetary Policy

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The European Central Bank warned EU finance ministers on Friday that proposals to expand euro stablecoin issuance could weaken bank lending and complicate monetary policy, according to three sources cited by Reuters. The pushback came in response to a policy paper prepared by Brussels-based think tank Bruegel, whose authors presented their proposals at the two-day informal meeting of the Economic and Financial Affairs Council in Nicosia, Cyprus. The paper called for easing liquidity requirements for stablecoin issuers and potentially granting them access to ECB funding, arguing that these measures were…

IHC Executes $30M DDSC Stablecoin Transfer on ADI Chain

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The International Holding Company (IHC) executed a 110 million dirham ($30 million) transaction using the DDSC stablecoin on ADI Chain. The company described the transfer as one of the largest disclosed stablecoin transactions executed in the United Arab Emirates. The transaction follows recent approval from the UAE central bank for the dirham-backed stablecoin ecosystem launched by IHC, First Abu Dhabi Bank and Sirius International Holding. DDSC operates on ADI Chain, a layer-2 blockchain developed by ADI Foundation. According to the announcement, the system is designed for institutional use cases including cross-border payments, treasury operations…

MoneyGram Partners with Tempo Blockchain for Stablecoin Settlement

Iris Coleman May 21, 2026 18:40 MoneyGram joins Stripe-backed Tempo as a validator, advancing stablecoin settlement for cross-border payments and bolstering blockchain adoption. MoneyGram has entered a strategic partnership with Tempo, a Layer 1 blockchain focused on stablecoin transactions and cross-border payments. Announced on May 20, 2026, this collaboration marks a significant shift for MoneyGram, which will now serve as an ‘Anchor Remittance Validator’ on Tempo’s network. This move elevates the company’s role from simply utilizing blockchain rails to actively participating in…

OSL Strengthens Asia’s Digital Asset Ecosystem with Listing of State-Supervised Gold-Backed Stablecoin USDKG

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HONG KONG, May 21 — OSL Group (863.HK) (OSL), a global stablecoin payment and trading platform, today announced that its Hong Kong-licensed digital asset exchange OSL HK has officially listed USDKG, the gold-backed stablecoin issued by the Kyrgyz Republic. The listing marks a significant step in bringing a state-supervised, asset-backed digital currency to one of the world’s most established licensed virtual asset markets. Pegged 1:1 to the U.S. Dollar and fully backed by physical gold reserves, USDKG is now accessible to professional investors through OSL’s institutional-grade infrastructure. The initial trading…

EC Opens Crypto Rules Review As Euro Stablecoin Gains Support

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As market dynamics evolve and pressure builds to strengthen Europe’s position in the global crypto economy, the European Commission (EC) has launched a review of its landmark crypto framework to keep pace with the evolving digital asset landscape. Related Reading EC Opens Review Of EU Crypto Rules On Wednesday, the European Commission launched a consultation on the functioning of the European Union’s (EU) regulatory framework on crypto assets, the Markets in Crypto‑Assets Regulation (MiCA). The regulator is seeking feedback from stakeholders and the public on whether the current framework remains…

Coinbase Launches USDC-Backed Stablecoin with Flipcash

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Coinbase launched USDF with Flipcash, a Solana-based stablecoin backed 1:1 by Circle’s USD Coin, as the crypto exchange expands its infrastructure business for companies issuing branded digital currencies. According to Wednesday’s announcement, USDF is designed to serve as the settlement asset for currencies created on Flipcash, a platform where users can launch fixed-supply digital currencies priced and transacted in the stablecoin. Flipcash said the token is intended to function as the primary dollar asset within its app. In December, Coinbase launched its white-label stablecoin issuance service for companies seeking branded…

Qivalis Euro Stablecoin Consortium Expands to 37 Banks

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Qivalis, a European banking consortium developing a regulated euro stablecoin, expanded to 37 member institutions on Wednesday after adding 25 new banks across 15 countries. The new members include ABN AMRO, Rabobank, Nordea and Intesa Sanpaolo. The Amsterdam-based consortium is targeting a second-half 2026 launch, according to a statement shared with Cointelegraph. “We are not merely building payment rails; we are ensuring that European principles around data protection, financial stability and regulatory rigour are embedded into the next generation of digital money,” said Howard Davies, chairman of Qivalis’ supervisory board.…

BoE Says Tokenization Could Lower Costs as UK Advances Stablecoin Rules

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The Bank of England is stepping up its focus on digital money, with Deputy Governor Sarah Breeden highlighting tokenization as a potential way to reduce costs, speed settlement and increase competition. Speaking at London’s City Week on Tuesday, Breeden said tokenization — the representation of assets and money on digital ledgers — could improve the efficiency and functionality of payments and financial markets, provided that trust and interoperability are preserved. Breeden stressed that central bank money will remain the foundation, or “anchor,” of the monetary system, even as private-sector innovations…