Tag: Stablecoin

9 European Banks Form Stablecoin Consortium to Fight Dollar Dominance

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On September 25, 2025, nine European banks formed a consortium to develop a euro-backed stablecoin, set to launch in the second half of 2026. The consortium has created a new Netherlands-based company to issue the token. The central European banks forming the consortium include UniCredit (Italy), ING (Netherlands), DekaBank (Germany), Banca Sella (Italy), KBC Group (Belgium), Danske Bank (Denmark), SEB (Sweden), CaixaBank (Spain), and Raiffeisen Bank International (Austria). The goal is to challenge dollar dominance in stablecoins. The current stablecoin market is almost entirely dominated by the US dollar via…

Exploring Plasma (XPL): A Blockchain Revolutionizing Stablecoin Transactions

Felix Pinkston Sep 26, 2025 07:55 Discover Plasma (XPL), a blockchain designed for stablecoin payments, offering zero-fee transfers and enhanced privacy, aiming to reshape the digital economy. Plasma, a layer-1 blockchain, has emerged as a significant innovation in the realm of stablecoin payments, aiming to address the growing significance of digital dollars in the global economy. According to blog.bitfinex.com, Plasma’s architecture is specifically tailored to cater to stablecoin transactions, incorporating features such as zero-fee transfers for USDt, custom tokens for gas, and…

Avalanche in deal with ETF giant, yuan stablecoin ‘fake news’: Asia Express

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Avalanche inks deal with Mirae Asset’s global investment arm Mirae Asset Global Investments has signed a memorandum of understanding with Ava Labs, the developer of the Avalanche blockchain, to tokenize fund products and build onchain asset management and settlement systems.  Mirae Asset Group is one of South Korea’s largest independent asset managers. The total assets under management (AUM) in the group’s umbrella are estimated at 1.024 quadrillion Korean won (over $730 billion). Mirae Asset Global Investments, which handles the group’s overseas investments, as the name suggests, contributes 430 trillion won…

Stablecoin Giant Circle Exploring Reversible USDC Transactions

Key Notes Circle President Heath Tarbert has hinted at the company’s consideration of transaction reversibility for crypto attacks. Based on principle, blockchain transactions are permanent and completely immune to unilateral changes. Circle’s proposal challenges the core principle of immutability in cryptocurrency. Popular USDC issuer Circle is mulling the idea of transaction reversibility for stablecoin transactions, citing that it may be a game-changer for this class of asset. Circle President Heath Tarbert believes that this initiative will help the industry recover funds siphoned via fraud and other exploits. Transaction Reversibility Threatens…

MiCA-Approved Euro Stablecoin in the Works by Major Banks

Key Notes The issuance of the MiCA-backed euro stablecoin will likely happen in the second half of 2026. The stablecoin aims to provide near-instant, low-cost payments, 24/7 cross-border settlement, programmable payment features, etc. The announcement comes amid delays in the EU’s digital euro, projected for 2029. Some of the major European banking institutions announced plans to launch a euro-pegged stablecoin under the European Union’s Markets in Crypto-Assets (MiCA) framework. Banking giants like ING, Danske Bank, UniCredit, CaixaBank, have joined hands for this stablecoin initiative. MiCA-Backed Euro Stablecoin Coming Next Year…

USDC Stablecoin Issuer Circle Examines ‘Reversible’ Blockchain Transactions

Circle, the world’s second-largest stablecoin issuer, is reportedly examining reversible transactions to help recover funds from fraud and hacks, which appears to counter one of crypto’s founding principles: That transactions are final and beyond centralized control. Circle president Heath Tarbert told the Financial Times on Thursday that the company is examining mechanisms that could allow transactions to be rolled back in cases of fraud or hacks, while still maintaining settlement finality. “We are thinking through [. . .] whether or not there’s the possibility of reversibility of transactions, right, but at the same time,…

Solstice Taps Chainlink, Ceffu for Solana-Based USX Stablecoin Launch

Key Notes The new USX token will utilize Chainlink’s CCIP technology for seamless transfers between different blockchain networks. Institutional traders will benefit from off-exchange settlement options through Ceffu and Copper custody partnerships. Solstice’s synthetic dollar-pegged token represents growing institutional adoption within the Solana ecosystem. DeFi protocol Solstice Finance has announced strategic partnerships with data provider Chainlink LINK $21.70 24h volatility: 0.2% Market cap: $14.70 B Vol. 24h: $840.34 M and custody firms Ceffu and Copper. The collaborations are intended to support the upcoming launch of USX, a new stablecoin built…

Hyperliquid launches USDH stablecoin issued by Native Markets

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Hyperliquid’s native stablecoin, USDH, launched on Wednesday with a USDC trading pair, logging nearly $2 million in early trading. With USDH now live, Hyperliquid has its first dollar-pegged asset, giving traders a stable unit of account and collateral across the network. Native Markets will manage the exchange’s stablecoin and oversee billions of dollars in potential flows. The crypto startup, led by Hyperliquid investor Max Fiege, former Uniswap Labs president Mary-Catherine Lader and blockchain researcher Anish Agnihotri, was selected through a validator vote on Sept. 14. According to Native Markets’ original proposal,…

Ethena Price Jumps 5% as Kraken Teases USDe Stablecoin Listing

Key Notes Kraken exchange announced upcoming USDe stablecoin listing for US regulated markets to 1.7 million followers. USDe captured 4.5% of global stablecoin market with $14.4 billion market cap at press time. Technical analysis shows ENA consolidating near $0.58 support with potential resistance at $0.68 level. Ethena ENA $0.60 24h volatility: 2.6% Market cap: $4.17 B Vol. 24h: $403.46 M is a synthetic dollar protocol built on the Ethereum blockchain. Its native token ENA drew attention on Tuesday, Sept. 23, after staging a 5% intraday rally despite prevailing bearish sentiment…

Polkadot’s Largest DeFi Protocol Hydration Launches Decentralized Stablecoin

Key Notes The new stablecoin uses the HOLLAR Stability Module for automated price support and partial liquidations. Polkadot founder Gavin Wood endorsed the launch, preferring it over centralized alternatives like USDC. Four specialized liquidity pools will be created outside Hydration’s Omnipool for enhanced trading venues. Hydration, a primary protocol in the Polkadot ecosystem, has launched HOLLAR, a decentralized stablecoin designed to address existing market weaknesses. The release, announced on September 22, completes Hydration’s vision to combine trading, lending, and stable value storage on its dedicated app chain. HOLLAR operates as…