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Stablecoins

EBA Floats Stablecoin Lending Restrictions for EU Crypto Firms

EBA Floats Stablecoin Lending Restrictions for EU Crypto Firms

The regulator wants the EU to examine rules for DeFi gateways, with leverage caps and certification of lending protocols among the options.
Ethena Starts Equity-Basis Rollout for USDe With Binance

Ethena Starts Equity-Basis Rollout for USDe With Binance

The strategy pairs bStocks with short equity perpetuals, while eligible hedged accounts receive lower auto-deleveraging priority.
Cross-Border Stablecoin Flows Jump 77.5% but Remain Concentrated

Cross-Border Stablecoin Flows Jump 77.5% but Remain Concentrated

Chainalysis identified 4,708 new country-to-country routes, but they carried just $2.64 billion of the $220.3 billion measured total.
Circle and Binance

Binance Takes $100 Million Circle Stake And Renews The USDC Deal Circle Pays For

Circle sold Binance 1,237,011 shares at $80.84, a five percent discount to the Sept. 17 close, and agreed to keep paying the exchange a monthly fee tied to USDC balances, an SEC filing shows.
WisdomTree

WisdomTree Opens Tokenized Treasury Fund To MoonPay's 35 Million Accounts

MoonPay will build an access point for WTGXX and hold the tokenized money market fund against its stablecoin reserves. The fund runs $1.23 billion, fifth-largest in a $15.4 billion tokenized Treasury market.
Latitude Raises $35 Million For Local Stablecoin Off-Ramps

Latitude Raises $35 Million For Local Stablecoin Off-Ramps

Oak HC/FT led the round with NEA, Coinbase Ventures, Lightspeed Faction and OpenFX participating, taking total funding to $43 million. Latitude's own site breaks its "45 U.S. markets" into 39 money transmission licences, one state registration and five no-action letters.
Mastercard Extends Crypto Credential to Cross-Border Stablecoin Payments in Borderless.xyz Pilot

Mastercard Extends Crypto Credential to Cross-Border Stablecoin Payments in Borderless.xyz Pilot

The pilot, whose first participants are Infinia, Walapay and Koywe, will test whether compliance checks performed once at origination can be relied on across Borderless.xyz's network of stablecoin payment providers.
Western Union and Rain Launch Stablecoin Card in 37 Markets

Western Union and Rain Launch Stablecoin Card in 37 Markets

Stablecard holds remittances as USDPT, the Anchorage-issued Solana token Western Union launched in May, and spends the balance anywhere Visa is accepted. The stablecoin behind it has $7.4 million in circulation.
Cash App Goes Live With Fee-Free USDC Transfers, Framing Stablecoins as a Path to Bitcoin

Cash App Goes Live With Fee-Free USDC Transfers, Framing Stablecoins as a Path to Bitcoin

Block's payments app, home to 59 million monthly active users, now supports sending and receiving USDC across four blockchain networks with no wallet setup required, even as Jack Dorsey admits he doesn't like it.
SoFi Brings Its Bank-Issued Stablecoin to 14.7 Million Members

SoFi Brings Its Bank-Issued Stablecoin to 14.7 Million Members

SoFiUSD, first launched in December for enterprise clients, is now live inside the SoFi app — making it the first stablecoin issued by a US national bank available directly on a consumer banking platform.