The stablecoin market’s total value has surpassed $270 billion, marking a new milestone for the sector, according to stats collected by defillama.com and artemisanalytics.com. Stablecoin Economy Climbs as Activity Broadens Over the last seven days, aggregate stablecoin capitalization rose by $3.051 billion, a 1.14% gain, per defillama’s dashboard. The new total places the asset class […] Source CryptoX Portal
Animoca Brands, Standard Chartered Bank Hong Kong (SCBHK), and HKT have launched Anchorpoint Financial Limited, a Hong Kong-based joint venture applying for a stablecoin issuer license under the city’s new regulatory regime. Anchorpoint Joint Venture Targets Licensed Stablecoin Issuance in Hong Kong Animoca Brands, Standard Chartered Bank (Hong Kong), and HKT have formed Anchorpoint Financial […] Source CryptoX Portal
The Hong Kong subsidiary of major bank Standard Chartered has partnered with Web3 software company Animoca Brands to launch a Hong Kong-dollar stablecoin. According to a Friday announcement from Animoca Brands, the two firms jointly established Anchorpoint Financial Limited in Hong Kong to apply for a local stablecoin issuer license. The new shared subsidiary will be tasked with building a business model focused on issuing and advancing licensed stablecoins. Per the announcement, Anchorpoint Financial already indicated formal interest in obtaining a stablecoin license with the Hong Kong Monetary Authority on…
Felix Pinkston Aug 08, 2025 04:18 SOL price jumps to $174.33 after Visa announces Solana integration for stablecoin settlements, while technical indicators show neutral momentum with key levels in focus. Quick Take • SOL currently trading at $174.33 (+4.28% in 24h) • Solana’s RSI at 52.29 suggests neutral momentum with room for movement • Visa’s stablecoin settlement expansion to Solana drives recent price surge What’s Driving Solana Price Today? The SOL price rally stems primarily from Visa’s announcement yesterday expanding its stablecoin…
Ripple aims to build the world’s most advanced stablecoin payments network through its $200 million Rail acquisition, targeting global infrastructure, real-time settlement, and institutional-grade compliance. Ripple Acquiring Rail to Build the Ultimate Stablecoin Payments Powerhouse Ripple announced on Aug. 7, 2025, that it will acquire Rail, a payments infrastructure platform focused on stablecoin transactions, in […] Source CryptoX Portal
Key Notes The acquisition will close in Q4 2025 following regulatory approvals and Trump’s recent GENIUS Act passage. Rail’s virtual accounts and automated infrastructure will enhance Ripple’s operational efficiency significantly. The combined platform enables seamless stablecoin payments across major corridors without crypto balance sheet exposure. Earlier today, August 7, blockchain firm Ripple announced the $200 million acquisition of stablecoin-powered payments platform Stellar Rail. This move comes as the company looks to expand its stablecoin infrastructure along with the use cases of its native RLUSD stablecoin. This is the first major…
New York’s top financial regulator has fined Paxos, a New York City-based stablecoin issuer, $26.5 million for “systemic failures” in its compliance and anti-money laundering programs, including a past partnership with global crypto exchange Binance, according to a Thursday announcement. In addition to the fine, Paxos agreed to spend another $22 million improving its compliance program to bring it up to snuff with the New York Department of Financial Services’ (NYDFS) standards. “The Department of Financial Services has led the nation in regulating the virtual currency industry, protecting consumers and…
Ripple announced Thursday that it will acquire stablecoin-powered payments platform Rail for $200 million, with the deal expected to close in the fourth quarter of 2025. The company said the move aims to expand its enterprise-grade digital asset infrastructure and “deliver the most comprehensive stablecoin payments solution available in the market.” Ripple expects the acquisition to enable it to offer stablecoin on- and off-ramps without requiring customers to hold cryptocurrency, and to facilitate customers in managing multiple payment types on behalf of themselves and their internal treasury flows. The company…
The banking arm of South Korean IT giant Kakao Corporation is reportedly ramping up plans to offer stablecoin services amid a regulatory shift in the country after the election of pro-crypto president Lee Jae-myung. KakaoBanks’ chief financial officer Kwon Tae-hoon said during the company’s first-half 2025 earnings call that the company is “reviewing various methods such as issuance and custody,” and “plans to actively participate,” in the “digital asset ecosystem,” ZDNet Korea reported on Wednesday Kwon added that the initiative is being spearheaded in cooperation with Kakao’s Stablecoin Task Force,…
Key Notes KakaoBank is preparing to enter South Korea’s stablecoin market. The initiative involves leaders from KakaoBank, Kakao Pay, and Kakao. The bank reported strong H1 2025 earnings, with nearly 26 million users. KakaoBank, South Korea’s largest digital-only bank, is preparing to enter the stablecoin market. As per local media outlets, the bank is exploring both the issuance and custody of digital assets, signaling a pivot to blockchain-based financial services. Backed by the broader Kakao Group’s resources and infrastructure, KakaoBank’s stablecoin ambitions could ramp up the adoption of stablecoins in…