Tag: Stablecoin

Anchorage Digital buys Mountain Protocol, USDM stablecoin winds down

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Crypto bank Anchorage Digital has expanded its stablecoin offerings with the acquisition of Mountain Protocol, a stablecoin issuer that says it will begin winding down its main stablecoin, Mountain USD (USDM). The acquisition, which is subject to customary closing conditions and regulatory approval, will integrate the Mountain Protocol team, tech stack and licensing framework into Anchorage’s existing offerings, Anchorage said in a May 12 statement. While terms of the deal weren’t disclosed, it reflects an accelerating number of acquisitions between crypto and TradFi firms in recent months. Explaining the acquisition,…

Stablecoin bill gets second chance with Northern Mariana lawmakers

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Tinian, a small island in the US territory of the Northern Mariana Islands, could get a second chance at launching a stablecoin after the territory’s Senate voted to override the governor’s earlier veto of its stablecoin bill. On May 9, the Northern Mariana Islands Senate voted 7-1 to override Governor Arnold Palacios’ April 11 veto of the bill, which would allow the Tinian local government to issue licenses to internet casinos and includes a provision for the Tinian treasurer to issue, manage and redeem a “Tinian Stable Token.”  The bill…

Stablecoin Sector Sees Marginal Weekly Decline as USDT Market Cap Nears $150B

Stablecoin market capitalization declined by $36.95 million over the past week, reflecting a marginal 0.02% contraction. Weekly Stablecoin Market Shrinks by $36.95M The total market cap for stablecoins currently stands at $242.97 billion, according to data from defillama.com. Despite the small drop, the stablecoin sector remains resilient with major tokens like tether ( USDT) reinforcing […] Source CryptoX Portal

Meta exploring stablecoin integration for payouts: Report

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Tech company Meta is reportedly exploring integrating stablecoin payments into its platforms after a three-year hiatus from cryptocurrencies, Fortune reported, citing sources familiar with the matter. The Facebook parent held talks with several crypto infrastructure firms in consultation but has not chosen a decisive course of action, according to the report. One source said the company may take a multi-token approach and integrate support for popular stablecoins such as Tether’s USDt (USDT), Circle’s USD Coin (USDC) and others. Meta is the latest tech firm to integrate or explore the use…

Meta (META) Is Looking to Deploy Stablecoin to Manage Payouts: Fortune

Tech giant Meta (META) is looking to use stablecoin to manage payouts, Fortune reported, citing five sources familiar with the matter. Meta has also hired a vice president of product, Ginger Baker, who has crypto experience to help with its stablecoin efforts, Fortune said. The company’s foray back into crypto is worth noting, given that its 2019 blockchain project Libra, later renamed Diem, came to a crashing halt in 2022, after intense regulatory scrutiny. If Meta goes through with this project, it will enter the sector at a time when…

Alpen Labs Launches Bitcoin-Backed Stablecoin to Boost Censorship Resistance

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Alpen Labs has introduced the bitcoin dollar (BTD), a bitcoin-collateralized stablecoin built on zero-knowledge rollup technology, aiming to provide a censorship-resistant alternative to centralized stablecoins. ZK Rollups Power Alpen’s New Bitcoin-Backed Stablecoin The bitcoin dollar (BTD) will operate as an over-collateralized stablecoin pegged to the U.S. dollar, using bitcoin ( BTC) as its sole backing […] Original

Stripe rolls out stablecoin accounts in over 100 countries

Stripe, a global payments platform, has introduced stablecoin-based accounts to clients in over 100 countries. According to a May 7 announcement, the new feature will allow the platform’s clients “to send, receive, and hold US-dollar stablecoin account balances, similar to how a traditional fiat bank account works.” The product’s technical page shows that the new account feature will support Circle’s USDC (USDC) and Bridge’s USDB (USDB) stablecoins. Stripe acquired the Bridge platform in October 2024. The product will be available to clients in more than 100 countries, including Argentina, Chilé,…

Crypto Exchange Coinbase Adds Gold-Pegged Stablecoin PAXG to Listing Roadmap

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Coinbase, the largest crypto exchange in the US, has announced the possibility of listing a gold-pegged stablecoin. In a new post on the social media platform X, Coinbase says it’s added PAX Gold (PAXG) to its listing roadmap. A placement on Coinbase’s roadmap doesn’t guarantee a future listing, but it announces the potential for it to be listed in order to promote transparency and prevent possible insider trading. PAX Gold is an Ethereum (ETH)-based token backed by physical gold and issued by blockchain infrastructure platform Paxos. Says the project, “PAXG…

Trump-backed USD1 is now the seventh-largest stablecoin worldwide

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USD1, the US dollar stablecoin launched by the US President Donald Trump-backed World Liberty Financial (WLFI), has become the seventh-largest stablecoin worldwide in just two months since its launch. WLFI’s snapshot vote for a USD1 airdrop proposal is underway, and USD1’s market capitalization has continued to climb. Launched in early March with a $3.5 million supply, USD1 has expanded into a market cap of $2.2 billion at the time of writing, leaving rival stablecoins First Digital USD (FDUSD), PayPal USD (PYUSD) and Tether Gold (XAUT) behind, according to data from…

Solana bull flag, rising stablecoin market cap hint at SOL price rally to $220

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Key takeaways: Solana’s stablecoin supply rose by 156% in 2025, to hit a new record at $12 billion. Solana’s TVL grew by 25% to $7.65 billion, with 27.7% decentralized exchange volume share, leading Ethereum and BNB Chain. SOL price formed a bull flag, with a price target at $220. Solana’s native token, SOL (SOL) failed to maintain its bullish momentum after reaching $156 on April 25, but an assortment of data points suggests that the altcoin’s upside is not over. SOL stablecoin market cap hits $13 billion Solana’s stablecoin supply…