Tag: Stablecoin

GENIUS Act Could Limit Stablecoin Appeal Amid Tokenization Boom

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The recent passage of the US GENIUS Act was widely celebrated as a major step forward for stablecoin adoption, but a key provision may curb the appeal of digital dollars compared to money market funds, raising questions about whether the bill’s authors were swayed by banking industry pressure to restrict yield-bearing stablecoins. The GENIUS Act expressly bans issuers from offering yield-bearing stablecoins, effectively preventing both retail and institutional investors from earning interest on their digital dollar holdings. Because of this, Temujin Louie, CEO of crosschain interoperability protocol Wanchain, cautioned against…

VISA, Mastercard Snub Stablecoin Threat, But Competition Is Rising

Key Notes Executives at VISA cited minimal crypto usage compared to Visa’s $15 trillion annual transaction volume. But data shows stablecoin transaction volume reached over $6 trillion in Q1 2025, nearly double Visa’s. To stay competitive, Visa has partnered with Paxos to support additional USD-backed stablecoins – USDG and PYUSD. With stablecoins getting all the attention currently with the passing of the GENIUS Act last month, VISA and Mastercard executives have denied any imminent threat from the fiat-pegged cryptocurrencies during their earnings call this week. They stated that use of…

HK Stablecoin Stocks Drop on New Rules, Experts Approve

Stablecoin companies operating in Hong Kong posted double-digit losses on Friday amid local regulatory shifts and a broader market correction. Bright Smart Securities & Commodities Group fell nearly 20% on Friday, according to Google Finance data. Yunfeng Financial Group dropped more than 16% during the trading session, while Guotai Junan International Holdings slid 11% and OSL Group declined 10.5%. These companies are referred to as “Hong Kong stablecoin-concept companies,” with share prices driven by exposure to stablecoin issuance, custody, trading, or related infrastructure. Still, some local experts view the correction…

Topo Histórico à Vista? BITCOIN Enfrenta Resistência e ETH Se Prepara! 🚀

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Enfim, depois de ‘séculos’, Ethereum (ETH) resolveu acelerar. Já soma mais de 150% de valorização em dias e agora mira seu topo histórico de 2021 em 4.800 dólares. Você acredita? Bitcoin continua sua saga transcendental em busca do milhão. Acima de 118.000 dólares e segurando na resistência do último topo. O que deve acontecer com as criptomoedas nos próximos dias? 🚨 Blockchain Conference Brasil 2025 🚨 🚨 Primeiro lote de ingressos em ⚠️ Competição de VOLUME CoinEx – ⚠️ Cadastre-se GRÁTIS ⚠️…

Earnings Miss, Stablecoin Revenue Up

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Shares of Coinbase Global (COIN) plunged in after-hours trading Thursday after the crypto exchange missed Wall Street estimates on both earnings and revenue, despite hitting several key business milestones during the quarter. Coinbase reported $1.5 billion in second-quarter revenue, falling short of analysts’ expectations of $1.56 billion to $1.59 billion. While net income came in at $1.4 billion, adjusted net income, excluding investment gains, was just $33 million. Non-GAAP earnings were particularly weak, with profit at only $0.12 per share, well below the $1.49 per share analysts had projected. A…

Payments Giant Visa Expands Stablecoin Offerings

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Payment company Visa expanded stablecoin offerings on its settlement platform by adding support for Global Dollar (USDG), PayPal USD (PYUSD), Euro Coin (EURC) and two new blockchain networks, Stellar and Avalanche. The integration allows users to send and receive stablecoin payments through the supported blockchain networks or convert their balances to traditional fiat currency, Visa said in a press release on Thursday. Visa already offered support to Circle’s USD Coin (USDC) stablecoin, while supported networks for transfer and settlement include Ethereum, Solana and the newly added chains. Institutional interest in…

Visa Expands Stablecoin Integration With RLUSD Rivals

Key Notes Visa has partnered with Paxos to add USDG and PYUSD stablecoins for settlement. Stellar and Avalanche blockchains now support Visa’s stablecoin payments. Visa has introduced EURC, its first euro-backed stablecoin on the platform. American tech giant Visa Inc. is pushing further into the stablecoin payments niche. The company has added new support for USDG and Paypal USD (PYUSD) through a partnership with Paxos, offering more ways to settle transactions using digital dollars. This move is poised to increase the competition among stablecoin issuers in the United States. Visa…

Trump’s WLFI Invests $10M in Falcon Finance for Stablecoin development

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A blockchain platform affiliated with US President Donald Trump has invested $10 million in Falcon Finance to support the development of stablecoin infrastructure, the companies said Wednesday. The investment aims to improve liquidity and interoperability between two stablecoins: Falcon USD (USDf) and World Liberty Financial USD (USD1), a token launched by the Trump-linked World Liberty Financial (WLFI) platform in March. Falcon Finance will use the $10 million investment to build shared liquidity, multichain compatibility and quick conversion infrastructure between USDf and USD1, the company said. The USD1 token, associated with…