▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The credit market just got a new heavyweight. In this keynote, Michael Saylor reveals how Strategy engineered STRC, a Bitcoin-backed preferred stock that grew into the largest and most liquid preferred in the world in under eight months. Saylor breaks down the math behind 11.5% tax-deferred yields, why private credit is melting down, and how digital credit is set to cannibalize trillions in legacy capital markets. Subscribe for more from the Bitcoin Conference stage. Use code BM10 to get 10% off Bitcoin…
Tag: Stablecoin
Meta Stablecoin Move Brings USDC Payouts to Select Creators
US tech giant Meta has launched USDC payouts for creators on its platforms in the Philippines and Colombia, with plans to expand to additional markets. Creators who opt into the service will receive payments directly into crypto wallets on the Solana and Polygon blockchains. However, Meta does not offer a built-in conversion option, so an external exchange is required to convert USDC into fiat currency, according to the announcement on Wednesday. The service is currently available only to select creators in Colombia and the Philippines, but Polygon said Wednesday that…
Visa Expands Stablecoin Pilot to Polygon and Base as Settlement Reaches $7B
Global payments giant Visa has expanded its stablecoin settlement pilot to include Polygon and four other blockchain networks, signaling continued experimentation with crypto-based payment infrastructure. The pilot, launched by Visa in 2023, allows partners to settle transactions using stablecoins rather than traditional banking rails. Newly supported networks include Polygon, Base, the Canton Network, Arc and Tempo. They join existing supported chains such as Ethereum, Solana, Stellar and Avalanche. The expansion comes as the program has reached an annualized settlement run rate of roughly $7 billion, growing about 50% quarter over…
Israeli Regulators Approve Shekel Stablecoin in Notable Regulatory Signal
Israel’s Capital Market, Insurance and Savings Authority (CMISA) has granted full regulatory approval to BILS, a shekel-pegged stablecoin developed by Bits of Gold – Israel’s licensed crypto broker and custodian – following a two-year pilot conducted on the Solana blockchain under the regulator’s sandbox framework, marking the conclusion of a process that began formally with the Bank of Israel’s 2023 discussion paper on stablecoin principles. This is not simply the launch of a domestically useful payment token. It is evidence of a deliberate structural pattern – jurisdictions with mature financial…
Israeli Regulators Approve Shekel-Pegged Stablecoin
Israel’s Capital Market, Insurance and Savings Authority has greenlit the launch of a shekel-pegged stablecoin by the virtual exchange exchange Bits of Gold. In a Monday notice, the Israeli regulator said that it had granted approval of the BILS stablecoin after a two-year pilot program of the stablecoin on the Solana blockchain. Source: LinkedIn According to the announcement, the stablecoin’s reserve assets will be held in Israel in “designated and separate accounts.” The project was part of a larger effort by the Israel Tax Authority and the country’s Finance ministry…
Western Union Plans Stablecoin Launch and Consumer ‘Stable Card’ Rollout
Western Union is preparing to launch USDPT, a U.S. dollar-pegged stablecoin issued by Anchorage Digital Bank on the Solana blockchain, as early as next month, alongside a consumer-facing prepaid card product called the ‘Stable Card’, a rollout that would extend stablecoin settlement rails to Western Union’s network of more than 360,000 cash pickup locations across more than 200 countries and territories, according to reporting by The Block. The announcement is not simply Western Union adding a crypto product. It is a traditional remittance operator attempting to restructure the underlying settlement…
MiCA-licensed Banking Circle joins bank stablecoin settlement race in Europe
Banking Circle’s stablecoin settlement launch follows its CASP approval, entering a crowded market with SocGen, Sygnum and a 12-bank euro stablecoin consortium. Luxembourg-based Banking Circle has launched stablecoin settlement services after receiving a Crypto Asset Service Provider (CASP) license from Luxembourg’s financial regulator on April 15, expanding into regulated fiat-to-stablecoin and stablecoin-to-fiat settlement for institutional clients. The rollout includes support for Circle’s USDC, Paxos’ USDG and Banking Circle’s own euro stablecoin EURI, expanding the bank’s digital asset settlement capabilities beyond its initial EURI launch in August 2024. In a Monday…
Western Union eyes May for its stablecoin USDPT rollout
Western Union CEO Devin McGranahan said the company will focus on expanding adoption and embedding digital assets into its core money movement platform going forward. Financial services giant Western Union is targeting May for the rollout of its new stablecoin as part of a crypto plan that includes its digital asset network and US dollar stable card. “Over the last few months, we’ve crossed an important threshold. It is no longer a question of if Western Union will be active in digital assets, it is now how fast can we…
Morgan Stanley Adds Stablecoin Fund After Bitcoin ETF Launch
Key Takeaways: Morgan Stanley introduced a fund to support stablecoin issuers needing compliant, liquid reserve investment solutions. Stablecoin growth drives Morgan Stanley to expand digital asset strategy and institutional liquidity infrastructure offerings. Tokenization initiatives show Morgan Stanley advancing blockchain integration across treasury products and crypto investment platforms. Morgan Stanley Stablecoin Fund Targets Institutional Reserve Demand Morgan Stanley Investment Management announced on April 23 the launch of the Stablecoin Reserves Portfolio (MSNXX), a government money market fund. The product is part of the Morgan Stanley Institutional Liquidity Funds trust. It is…
XRP ARMY GET READY! Ripple Announcement April 30 & Clarity Act by May?!
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io XRP ARMY GET READY! Ripple Announcement April 30 & Clarity Act by May?! iTrustCapital (Partner) ether.fi (Partner) HI BABE! XRP Las Vegas kicks off April 30, could we get some bullish announcements for Ripple, XRP, and XRPL? Also, Senator Bernie Moreno says the crypto market Clarity Act could pass by May. We will be covering all of this and more on today’s stream, make sure you smash the like and say HI in the chat xo 00:00 HI 02:13 Ripple announcement incoming…