Stablecoin

Circle, the issuer of the second-largest stablecoin, USDC, said it received in-principal regulatory approval from Abu Dhabi, paving the way for an expansion across the Middle East. The Financial Services Regulatory Authority (FSRA) of Abu Dhabi …

Mastercard is moving deeper into the digital asset economy by launching new küresel capabilities to support stablecoin payments across its vast merchant network, the company announced Monday. The payments giant is working with crypto exchange OKX to …

Küresel bank Citi has predicted 2025 could be a possible inflection point for blockchain adoption driven by stablecoins, akin to the breakout year artificial intelligence (AI) had with popular application ChatGPT. “2025 has the potential to be …

Crypto exchange Coinbase (COIN) said it will introduce free conversions between PayPal’s dollar-pegged stablecoin, PYUSD, and the U.S. currency in a move aimed at accelerating the shift toward on-chain payments. The move, open to both retail and …

PayPal is upping the ante in the stablecoin wars as it’s set to begin offering U.S. users 3.7% annual returns on balances of its PayPal USD (PYUSD) stablecoin. The yield, accrued daily and paid monthly in PYUSD, is designed to spur adoption by making …

The European Central Bank is seeking changes to the European Union’s Markets in Crypto Assets legislation (MiCA) just months after the regulation took effect because it’s concerned U.S. support for crypto could lead to economic damage in the 27 …

Dutch bank ING is working on a stablecoin, looking to take advantage of Europe’s new cryptocurrency regulations that came into force last year, according to two people with knowledge of the plans. ING’s stablecoin project could take the form of a …

Circle, the firm behind the $60 billion USDC stablecoin, is launching a new payments and cross border remittance network on Tuesday — the company’s “next product move” — from its plush New York City headquarters, high on the 87th Floor of One World …

Noble, a blockchain for issuing real-world assets (RWA) and stablecoins, announced Wednesday that it will expand its platform by introducing “AppLayer,” an Ethereum-compatible rollup that allows developers to create their own RWA applications and …

The competition for stablecoin dominance is entering a third phase and companies such as Tether, issuer of the largest token, and Circle, the No. 2, are setting up their positions as the industry faces increased regulation in the form of the European …