Tag: Stablecoin

UAE Debuts First Central Bank-Approved Stablecoin USDU

Key Notes The UAE central bank has approved USDU. USDU is the country’s first fully regulated, dollar-backed stablecoin. USDU is issued by Universal Digital and backed 1:1 by US dollars held at Emirates NBD and Mashreq. The Central Bank of the United Arab Emirates has approved USDU, the country’s first USD-backed stablecoin. The approval came on Thursday under the Payment Token Services Regulation. Notably, the stablecoin is backed one-to-one by the US dollar and operates under direct central bank oversight. This is the first time a dollar-denominated stablecoin has received…

Fidelity Launches FIDD Stablecoin on Ethereum, Joining Race Under US Stablecoin Law

Key Notes FIDD reserves will consist of cash, cash equivalents, and short-term US Treasuries in compliance with the federal GENIUS Act. The federal banking regulator granted conditional approval on Dec.12, 2025, with additional clearance required before launch. Tether launched its U.S.-compliant USAT stablecoin one day before Fidelity’s announcement, intensifying domestic competition. Fidelity Investments announced on Jan. 28 the launch of its first stablecoin, the Fidelity Digital Dollar (FIDD). The move positions the asset management giant as one of the first major traditional financial institutions to issue a dollar-backed token under…

Banks Fear Stablecoin “Bank Run”, Regulators See No Impact

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Banks warn stablecoins — especially those paying yield — could pull deposits out of the banking system, but policy and finance experts say there’s little evidence of that so far. Major US bank Standard Chartered recently estimated in a research note that stablecoin growth could drain bank deposits. The report estimates “that US bank deposits will decrease by one-third of stablecoin market cap,” which currently stands at $308.15 billion according to DeFiLlama data. The debate has intensified as US lawmakers weigh whether to prohibit interest on stablecoin holdings under a…

OKX Launches Crypto Card In Europe For Stablecoin Payments

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Cryptocurrency exchange OKX is rolling out a payment card in Europe, allowing users to spend stablecoins at merchants accepting Mastercard. The OKX Card is issued through the company’s Electronic Money Institution (EMI) partner, Monavate, OKX said Wednesday in an announcement shared with Cointelegraph. At launch, the card supports spending in stablecoins including Circle’s USDC (USDC) and the Paxos-issued Global Dollar (USDG). The move comes as crypto companies seek to expand the use of stablecoins for everyday payments under Europe’s evolving crypto regulatory framework. “With OKX Card, we’re making it simple…

Tether Launches USAT: Federally Regulated Stablecoin for US Market

Key Notes Tether officially launched USAT on January 27, 2026, a federally regulated, dollar-backed stablecoin for the US market. USAT operates under the new federal stablecoin framework established by the GENIUS Act. Bo Hines, former White House Crypto Council Executive Director, serves as CEO of Tether USAT. Tether, the global leader in the digital asset ecosystem, has officially announced its long-anticipated entry into the United States market with the launch of USA₮. Unlike its global counterpart USDT, USAT is an onshore stablecoin designed from the ground up to be fully…

Stablecoin Market Cap Drops By $7 Billion—What It Means For Bitcoin

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Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started…

Stablecoin Fall Shows BTC, Crypto is Losing Capital to Gold

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A $2.24 billion drop in total stablecoin market capitalization over the last 10 days could signal capital is leaving the crypto ecosystem and may delay market recovery, according to a crypto analytics platform.  In a post to X on Monday, Santiment said much of that capital has rotated into traditional safe havens like gold and silver, pushing them to new highs, while Bitcoin (BTC), the broader crypto market and stablecoins have retraced. Top 12 stablecoins by market cap collectively fell by $2.24 billion over the past 10 days. Source: Santiment…

Stablecoin Yield Bans Under CLARITY Act Could Push Capital Offshore

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The proposed restrictions on stablecoin yields under the US CLARITY Act risk driving capital out of regulated markets and into offshore, opaque financial structures. Colin Butler, head of markets at Mega Matrix, said banning compliant stablecoins from offering yield would not protect the US financial system, but instead sideline regulated institutions while accelerating capital migration beyond US oversight. “There’s always going to be demand for yield,” Butler told Cointelegraph, adding that if compliant stablecoins can’t offer it, capital will simply move “offshore or into synthetic structures that sit outside the…

Plasma Integrates NEAR Intents for Large-Volume Stablecoin Settlements

Key Notes Plasma joins over 25 blockchains in NEAR Intents’ chain-abstracted liquidity pool with native token XPL and USDT0 stablecoin. The integration leverages Plasma’s high-performance infrastructure backed by Framework Ventures, Bitfinex, and Peter Thiel from a $24M funding round. NEAR Intents processes significant USDT volume with 39% of cross-chain transactions involving Tether in the last 24 hours. Plasma—a purpose-built layer-one (L1) blockchain for stablecoins—has integrated NEAR Intents for large-volume stablecoin cross-chain settlements and swaps, joining a list of more than 25 other networks. Plasma got popular mostly due to Tether…

US Bank Lobby Says Fighting Stablecoin Yields A Top Priority

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The American Bankers Association (ABA) has made cracking down on stablecoin yield a top priority for 2026, amid its ongoing debate with US lawmakers that it will hurt the banking industry’s competitiveness. The ABA said on Tuesday that one of several priorities it has this year is to “stop payment stablecoins from becoming deposit substitutes that slash community bank lending by prohibiting paying interest, yield or rewards regardless of the platform.” Stablecoin oversight topped a list of five priorities, which also included fighting financial fraud, stopping arbitrary interest rate caps,…