Tag: Stablecoin

SBI Holdings Taps Startale to Launch Yen-Backed Stablecoin

Key Notes By Q2 2026, SBI Holdings plans to launch a yen-backed stablecoin to compete with USD-backed tokens. The firm will leverage Startale’s blockchain stack, utilizing its established position as a primary financial institution in Japan. SBI Holdings is making this move as stablecoin adoption continues to grow in various markets. In a strategic move, Startale Group and SBI Holdings have appended signatures on a Memorandum of Understanding (MoU) to develop a fully regulated, yen-denominated stablecoin. According to both companies, the digital currency is targeted towards global settlement and institutional…

Stablecoin Market Cap Nears $310B at Record Highs Despite Crypto Crash

Key Notes Stablecoin market cap surged 50.95% year-to-date to $309.83 billion, with Tether commanding 60% market dominance. Crypto derivatives saw $650 million liquidated in 24 hours, predominantly from long positions betting on price increases. Capital flows into stablecoins suggest investors await better entry points rather than exiting the crypto market entirely. Stablecoin total market capitalization now approaches the $310 billion mark, reaching another all-time high despite poor market conditions as cryptocurrency prices crash and hundreds of millions of dollars are liquidated from leveraged positions in a long squeeze. Coinspeaker retrieved…

Visa Launches Stablecoin Advisory Practice for Banks and Fintechs

Key Notes The Visa Stablecoin Advisory Practice is designed to provide guidance on stablecoin technology, operations, and use cases such as cross-border payments. It will serve dozens of clients, including Navy Federal Credit Union, VyStar Credit Union, and Pathward. It expects demand for the service to grow significantly, with plans to scale the advisory practice to hundreds of clients. Payments giant Visa is doubling down on its efforts on stablecoins by launching a new Stablecoins Advisory Practice. As part of this service, Visa will help fintech, banks and other businesses…

Binance’s USD1 Stablecoin Push Deepens Relationship With Trump’s Crypto Platform

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

World App Adds Encrypted Chat, Stablecoin Yield and USD Accounts

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Tools for Humanity is broadening its World platform beyond digital identity and crypto payments, adding encrypted messaging and financial services to its app as part of a push toward a super-app model. The company, co-founded by OpenAI CEO Sam Altman, introduced an in-app messaging feature with end-to-end encryption that distinguishes between verified and unverified World ID accounts and enables users to send or request digital assets within chats. According to an announcement, the application now supports third-party mini-apps, including prediction markets, games and financial tools, that run inside conversations. Tools…

Interactive Brokers Launches Stablecoin Funding for Retail Accounts

Key Notes IBKR gradually rolls out stablecoin funding starting with eligible US customers as announced at Goldman Sachs conference. The broker manages $757.5 billion in customer equity across 4.13 million accounts spanning 160 global markets. Stock gains 43.83% year-to-date despite 3.91% decline following announcement amid broader market trends. Interactive Brokers Group Inc. (IBKR: US) has begun allowing retail clients to fund individual brokerage accounts with stablecoins, adding a crypto-native onboarding option alongside traditional bank transfers for its extensive client base. The broker said the capability is being rolled out gradually,…

Standard Chartered Partners with AirAsia Founder over Stablecoin

Key Notes Capital A and Standard Chartered Malaysia plan a ringgit-backed stablecoin. The project will run in a central bank supervised innovation hub. UK lawmakers push back on Bank of England rules as global stablecoin demand grows. Capital A, the operator behind AirAsia, and Standard Chartered Bank Malaysia signed a letter of intent to launch a ringgit-backed stablecoin. The plan, announced on December 12, will be carried out through a digital asset innovation hub supervised by Bank Negara Malaysia. According to the announcement, Standard Chartered Malaysia would create, test, and…

Standard Chartered, Air Asia Parent Explore Malaysian Ringgit Stablecoin

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Standard Chartered Bank Malaysia and Capital A, the parent company of AirAsia, plan to jointly explore a stablecoin pegged to Malaysia’s local currency, the ringgit. In a statement Friday, the bank’s Malaysian arm and Capital A said they signed a letter of intent to explore a ringgit-pegged stablecoin under the country’s Digital Asset Innovation Hub, an initiative announced by Bank Negara Malaysia (BNM) in June. This is Capital A’s first interaction with the regulated digital asset space. The initiative will rely on Standard Chartered’s infrastructure and financial expertise, as well…

YouTube Creators in US Can Accept PayPal’s PYUSD Stablecoin

Key Notes YouTube’s integration is designed to simplify PYUSD stablecoin usage by allowing creators to receive payments. PYUSD has experienced rapid growth since early September, with market capitalization rising from about $1 billion to $3.9 billion. Considering YouTube’s global scale of operations, the partnership strengthens PayPal’s push to broaden PYUSD adoption. PayPal’s PYUSD stablecoin is set to get a major boost as Alphabet Inc’s video streaming platform YouTube said that US-based creators can now accept payments in PYUSD. This development comes as the crypto regulatory landscape improves, showing greater acceptance…

Binance Expands Trump-Linked USD1 Stablecoin Integrations

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The world’s largest crypto exchange has expanded its listings to include more trading pairs tied to the Trump family’s stablecoin. Binance announced on Thursday that it has expanded support for World Liberty Financial’s USD1 stablecoin by adding fee-free trading pairs for major tokens, including Ether (ETH), Solana (SOL) and BNB (BNB) in addition to its already listed Bitcoin (BTC). The exchange said it would also convert all collateral assets backing its stablecoin, BUSD, into USD1 at a 1:1 ratio, within a week.   “The transition means USD1 will become an integral…