Crypto
Gemini Launches New XRP Credit Card, Enhances Ripple USD Usage for U.S. Clients
Gemini introduces an XRP credit card with benefits for consumers, while also expanding the utility of Ripple's RLUSD stablecoin.
Finance
Ripple and SBI Set to Launch RLUSD Stablecoin in Japan by 2026
Ripple and SBI VC Trade aim to introduce a new stablecoin, RLUSD, in Japan, enhancing the country's digital finance landscape.
Finance
Circle Acquires Malachite for New Blockchain Initiative
Circle, the issuer of the USDC stablecoin, has announced the acquisition of Malachite, a consensus engine from Informal Systems, to enhance its upcoming Arc blockchain aimed at stablecoin transactions.
Finance
Bankers and Consumer Advocates Unite to Revise Stablecoin Legislation
U.S. banking institutions are collaborating with consumer advocacy groups to amend the recently established stablecoin legislation known as the GENIUS Act, even before regulators have initiated their drafting process.
Crypto
U.S. Sanctions Crypto Entities Linked to Ruble-Backed Stablecoin and Closed Exchange
The U.S. Treasury has imposed restrictions on a network associated with the Russian crypto market, citing illegal activities and sanctions evasion.
Crypto
Projected Growth of Stablecoin Payments to Surpass $1 Trillion by 2030
A report from Keyrock and Bitso anticipates significant growth in stablecoin payments driven by institutional adoption, foreign exchange, and cross-border transactions.
Finance
Korea's Onshore Won Policy May Impede Stablecoin Growth
South Korea's decision to halt its central bank digital currency project in lieu of private stablecoins could dampen demand for a won-backed digital asset.
Crypto
MetaMask Set to Launch Its Own Stablecoin This Week
MetaMask is preparing to announce details about its forthcoming US dollar-pegged stablecoin, mUSD, which is set to launch soon.
Finance
Circle's Stock Dips 6% in After-Hours Trading Following Secondary Offering Announcement
Circle has launched a secondary stock sale for 10 million shares, resulting in a 6% drop in stock value during after-hours trading.
Crypto
Coinbase Announces Relaunch of Stablecoin Funding Initiative to Enhance DeFi Liquidity
Coinbase is set to revive its Stablecoin Bootstrap Fund launched in 2019, targeting stablecoin liquidity across various DeFi platforms including Aave and Morpho.
Business
Transak Secures $16 Million from IDG Capital and Tether to Enhance Stablecoin Payment Solutions
Transak has successfully raised $16 million in a funding round aimed at boosting its stablecoin payment infrastructure and expanding into new markets.
Business
Circle Introduces Arc Layer-1 Blockchain and Reports Significant Q2 Loss
Circle announced a $428 million net loss for Q2, despite a revenue boost linked to its USDC stablecoin, while unveiling its new Arc blockchain aimed at enhancing stablecoin transactions.
Finance
Ethereum Transaction Volume Rises Amid Price Surge and Lower DeFi Costs
Ethereum's transaction activity is on the rise as analysts attribute the surge to improved network capacity, increasing ether prices, and reduced transaction costs for DeFi activities.
Business
Paxos Seeks National Bank Trust Charter Amid Rivals' Moves
Paxos aims to shift its regulatory oversight from New York to federal, joining other stablecoin firms in their charter applications.
Altcoins
$17 Million XRP Theft: Country Music Legend’s Widow Falls Victim to Crypto Scam
Nancy Jones, widow of George Jones, loses over $17 million in XRP due to theft by her partner.
Altcoin News
Tether Looks to Re-Enter the U.S. Market After Departure in 2021
Tether's CEO discusses plans for a U.S. comeback amid favorable regulations.
Crypto
GENIUS Act Stablecoin Bill Moves Forward After House Vote
The U.S. House approved the GENIUS Act, establishing new regulations for stablecoins, now awaiting President Trump's signature.
Crypto
Bank of America Enters Stablecoin Market as CEO Moynihan Says Development Underway
Bank of America plans to launch a stablecoin, with CEO Brian Moynihan indicating preparations are in progress, amid ongoing regulatory discussions in Congress.
Crypto
Arbitrum's ARB Token Climbs Amid PayPal Stablecoin Speculations
Arbitrum's ARB token rises as it's noted as a potential support chain for PayPal's PYUSD stablecoin, sparking optimism among investors.
Adoption
JPMorgan and Citigroup Investigate Stablecoins as Digital Payment Adoption Increases
JPMorgan and Citigroup are advancing their stablecoin plans as the demand for digital payment options rises.
