Tag: Stablecoin

Transak Raises $16 Million From Tether and IDG Capital to Expand Stablecoin Payments Infrastructure

Transak, a fiat-to-crypto infrastructure provider, has raised $16 million in a strategic funding round led by Tether and IDG Capital to enhance its stablecoin payments infrastructure and expand operations into new markets. The funding round also saw participation from several investors, including Primal Capital, 1kx, and Protein Capital. With over $2 billion in processed transaction […] Source CryptoX Portal

Coinbase Revives Stablecoin Fund to Boost USDC in DeFi

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Coinbase is relaunching its Stablecoin Bootstrap Fund first introduced in 2019 to boost the liquidity of the stablecoin USDC in a range of popular and emerging decentralized finance protocols. Coinbase said on Tuesday its first placements will provide USDC (USDC) liquidity into Ethereum-based lenders Aave and Morpho, and Solana-based trading platforms Kamino and Jupiter. “As we scale the fund over time and distribute liquidity across more protocols and stablecoins, we’re particularly eager to collaborate with pre-launch teams or those seeking to drive stablecoin growth from day one,” it added. The…

Coinbase (COIN) Revives Stablecoin DeFi Fund Deploying on Aave, Morpho, Kamino, Jupiter

Crypto exchange Coinbase (COIN) said on Tuesday it is reviving its Stablecoin Bootstrap Fund, aiming to boost stablecoin liquidity on decentralized finance (DeFi) markets. The initiative will be managed by Coinbase Asset Management and begins with deployments on Aave, Morpho, Kamino and Jupiter, according to a blog post. The exchange first launched the program in 2019 to help protocols seed early trading pools for USDC stablecoin. That effort supported early platforms like Uniswap , Compound and dYdX and helped spearhead USDC in the DeFi ecosystem, which is still the most…

Trump PUMPS Crypto – $15,000 Ethereum & $1 Million Bitcoin Prediction!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Trump PUMPS Crypto – $15,000 Ethereum & $1 Million Bitcoin Prediction! GM babe! Trump is sending the markets, and Fundstrat’s Tom Lee has been making some massive price predictions for ETH and BTC! We’ll be covering this and more on today’s stream, also make sure you subscribe and set all alerts so you never miss an update. 00:00 HI 02:30 Trump pumps crypto 08:36 BTC prediction 12:21 Bitcoin and altcoin market overview 17:02 Stablecoins (XRP and ETH) 20:01 Bitcoin news 20:59 More…

Stablecoin Laws Lack Unity, Affecting Adoption

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Stablecoins have been regulated in different ways across the globe, raising concerns about their viability and possibly putting up barriers for newcomers.  Europe’s framework, Markets in Crypto-Assets (MiCA), varies significantly from the US’s GENIUS Act. Both are distinct from Hong Kong’s own stablecoin rules, which were finalized just two weeks ago. These three regulatory frameworks have provided clear standards for stablecoins. Reserve requirements, issuer licensing and permit schemes now have cut-and-dry conditions, which have undoubtedly made it easier for stablecoins to flourish. But their differences are distinct enough to cause…

GENIUS Act Stablecoin Ban May Fuel Tokenization Market Growth

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The landmark US GENIUS Act could serve as a major catalyst for stablecoin adoption both domestically and abroad. But rather than simply boosting demand for dollar-backed digital currencies, it may unintentionally push capital into the tokenization market as investors seek yield on their holdings. That was one of the key takeaways from a recent interview with Will Beeson, a former Standard Chartered executive and now founder and CEO of Uniform Labs, a developer of institutional liquidity solutions for tokenized financial markets. A central provision of the GENIUS Act is its…

Stablecoin Float Surpasses $270 Billion, Setting a New High

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, Standard Chartered and HKT to Pursue Hong Kong Stablecoin License

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

Standard Chartered and Animoca Launch HK Stablecoin Venture

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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…

Solana (SOL) Surges 4.28% as Visa Expands Stablecoin Settlement to Blockchain

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…