Tag: Stablecoin

Western Union Partners with Crossmint to Support USDPT Stablecoin on Solana

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Crossmint has partnered with Western Union to support the launch of the remittance company’s USDPT stablecoin and its new Digital Asset Network on the Solana blockchain.  Wednesday’s announcement said the collaboration will integrate Crossmint’s wallet and payment APIs with Western Union’s infrastructure, allowing fintech platforms to move funds using the stablecoin and connect to Western Union’s global payout network. That Digital Asset Network is intended to link stablecoins with the company’s existing payout infrastructure, enabling users to convert digital dollars into local currency through its network of more than 360,000…

The Giving Block Reports Stablecoin Donations are on the Rise

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The cryptocurrency fundraising platform Giving Block reported that it had seen a surge in donations with stablecoins in 2025 compared with previous years. In its annual report released on Wednesday, the Giving Block said there had been a “major shift” in donations using stablecoins, particularly with Ripple USD (RLUSD) and Circle’s USDC (USDC). The platform reported that it had facilitated more than $100 million in crypto donations in 2025, with more than $32 million coming through USDC, RLUSD, Tether’s USDt (USDT), Dai (DAI), and other stablecoins. “The trend is clear:…

FATF Highlights Risks in Stablecoin P2P Transfers via Self-Custody Wallets

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Peer-to-peer transfers made through self-custody crypto wallets are a key weak point in the stablecoin ecosystem because they can take place without a regulated intermediary, the Financial Action Task Force (FATF) said in a new report urging countries to tighten oversight as stablecoins spread into payments and cross-border transfers. In its report on stablecoins, unhosted wallets and P2P transactions, the global anti-money laundering watchdog said transactions conducted directly between users through unhosted wallets can occur without regulated intermediaries such as exchanges or custodians. The FATF said this structure can create…

Ripple Expands Institutional Stablecoin Payments Platform

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Ripple is expanding its stablecoin payments platform for banks and fintechs, aiming to reduce the need to park money overseas and speed up cross-border transactions. Ripple Payments, the company’s global payments platform that connects financial institutions to blockchain-based settlement rails, has been upgraded to support a broader stablecoin workflow, including collection, custody, conversion and payout, the San Francisco-based company announced Tuesday.  The move positions Ripple to compete more directly with legacy payment providers, as it is designed to reduce reliance on pre-funded accounts and traditional correspondent banking networks, which can…

Visa and Stripe’s Bridge Expand Global Stablecoin Card Program

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Global payment giant Visa is expanding its stablecoin card partnership with Stripe-owned Bridge, expanding the rollout of stablecoin-linked Visa cards worldwide and testing onchain settlement. Visa and Bridge are expanding their joint card program to 18 countries, with plans to reach more than 100 across Europe, Asia-Pacific, Africa and the Middle East by the end of the year, according to a Tuesday announcement. The expansion follows the program’s initial launch in April 2025, which first supported markets in Latin America, including Argentina, Colombia, Ecuador, Mexico, Peru and Chile. In addition…

Deloitte Signs Off on Reserves for Tether-Linked USAT Stablecoin

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Deloitte & Touche, one of the Big Four accounting firms, issued an independent attestation on the reserve report backing USAt, a new US-regulated stablecoin from Anchorage, which is issuing USAT with Tether’s support. In a letter dated Feb. 27, Deloitte said it examined Anchorage’s assertion that the USAt (USAT) Reserve Report was prepared in accordance with the American Institute of Certified Public Accountants’ 2025 criteria for asset-backed, fiat-pegged tokens. The report covers reserves as of Jan. 31, 2026. “In our opinion, management’s assertion that the USAt Reserve Report is prepared…

Qivalis Consortium Advances Euro Stablecoin Ahead of Launch

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Qivalis, a consortium of major European banks, is in advanced talks with crypto exchanges and liquidity firms to distribute its planned euro-pegged stablecoin, Spanish business newspaper Cinco Días reported Monday. The group, including banks such as ING, UniCredit, and the recent addition of BBVA, is moving toward the launch of a stablecoin in the second half of 2026, Cinco Días reported. The consortium is now reportedly in advanced discussions with crypto exchanges, market makers and liquidity providers. The shareholder banks themselves will also be able to distribute the stablecoin. The…

Coinbase Stablecoin Revenue Could Surge 7x Under GENIUS Act, Bloomberg Analysts Say

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Cryptocurrency exchange Coinbase (COIN) could be one of the biggest corporate beneficiaries of the United States’ first comprehensive crypto legislation, the GENIUS Act, which was signed into law in July 2025 and established a federal framework for stablecoin issuance and oversight. Coinbase Stablecoin Revenue Jumps 48% According to Bloomberg analysts Paul Gulberg and Samuel Radowitz, the new framework may significantly strengthen Coinbase’s fast-growing stablecoin business, particularly if adoption of dollar-backed tokens expands into mainstream payments. Related Reading In 2025, Coinbase generated an estimated $1.35 billion in revenue tied to stablecoins,…

BitGo Selected To Issue FYUSD Dollar-Pegged Stablecoin

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Digital asset company New Frontier Labs has partnered with BitGo Bank & Trust National Association, the entity that crypto infrastructure company BitGo will use to issue and provide custodial services for the FYUSD stablecoin, a dollar-pegged token for Insitutional investors in the Asia region. BitGo’s announcement said FYUSD is compliant with the GENIUS Act stablecoin regulatory framework. The regulations include 1:1 backing with cash deposits held by a custodian or short-term US government debt instruments, anti-money laundering (AML) requirements and know-your-customer (KYC) checks. Some of the requirements for a regulated…

Stablecoin A7A5 Grows Parallel System for Sanctioned Companies

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As cryptocurrency is becoming increasingly intertwined with the traditional financial world, it’s also forming the foundation of a parallel, shadow financial system. A January report from TRM Labs found a surge in illicit or illegal crypto use to an all-time high of $158 billion. This included a massive increase in crypto flows related to sanctions evasion. This was led primarily by A7A5, a Russian ruble-based stablecoin launched by Russia-based company A7. Some $39 billion in sanctions-related crypto flows were attributed to the A7 wallet cluster. Far from a small, underground…