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Ondo Finance Partners With SBI to Tokenize Japanese Assets
TradFi & Fintech

Ondo Finance Partners With SBI to Tokenize Japanese Assets

The deal routes distribution through SBI's ecosystem and settles in the group's JPYSC yen stablecoin, connecting Japan's capital markets to onchain finance.
Visa's Sheffield Pegs Adjusted x402 Volume at $19M
Infrastructure

Visa's Sheffield Pegs Adjusted x402 Volume at $19M

A joint Visa and Artemis analysis finds roughly 4,000 wallets drive about 90% of x402's adjusted spending, with Base accounting for the bulk of activity.
DTCC Starts Live Tokenized-Securities Trades With More Than Two Dozen Firms
TradFi & Fintech

DTCC Starts Live Tokenized-Securities Trades With More Than Two Dozen Firms

The company that settles most US stock trades is running its first production trades of tokenized real-world assets, with a full service launch set for October.
Stripe's $53B PayPal Bid Would Combine Bridge and PYUSD Under One Owner
TradFi & Fintech

Stripe's $53B PayPal Bid Would Combine Bridge and PYUSD Under One Owner

The unsolicited offer from Stripe and Advent International, if PayPal accepts, would consolidate two of the mainstream payments industry's stablecoin operations.
Coinbase Matches Robinhood's 7% Yield With a Different Design
CeFi

Coinbase Matches Robinhood's 7% Yield With a Different Design

Robinhood pays only the gap between organic yield and a 7% target for a year; Coinbase pays market rate plus token rewards with no ceiling and no end date.
Tether Leads $7M Series A in Pact Labs for USA₮ Payroll
TradFi & Fintech

Tether Leads $7M Series A in Pact Labs for USA₮ Payroll

The stablecoin issuer's latest strategic bet targets payroll, wage access and everyday payments rails for its US-focused USA₮ token.
Lummis Says CLARITY Act Text Coming 'in Next Few Days'
Regulation & Politics

Lummis Says CLARITY Act Text Coming 'in Next Few Days'

The Wyoming senator says the bill will focus on fighting illicit finance, consumer protections and keeping crypto markets onshore in the US.
South Korea Super-App Toss to Run Won Stablecoin Pilot on OP Stack
Blockchains

South Korea Super-App Toss to Run Won Stablecoin Pilot on OP Stack

Optimism says Toss is the fourth regulated financial institution in a year to pick the OP Stack, after Bitpanda, Kraken and Mitsui.
Coinbase Chief Legal Officer Paul Grewal to Step Down
People

Coinbase Chief Legal Officer Paul Grewal to Step Down

Molly Abraham is set to take over as general counsel as Grewal shifts to a three-month advisory role through October.
Circle Wins Final OCC Approval for National Trust Bank
CeFi

Circle Wins Final OCC Approval for National Trust Bank

The stablecoin issuer received a charter for First National Digital Currency Bank, allowing it to custody digital assets and, eventually, hold USDC reserves under direct federal supervision. Shares rose more than 10%.