Tag: Stablecoins
SBI Group Unveils New JPY Stablecoin Lending Service Starting July 16
SBI introduces Japan’s first trust-type yen stablecoin lending service with fixed returns. JPYSC Lending offers a 3% annual yield over a 12-week lending period. Japan’s…
Hyundai Card Tests Stablecoin Payments in Global Automotive Shift
Hyundai Card completed a $20,000 USDT transfer between US and Mexico subsidiaries in seven minutes. The pilot used Avalanche, Tether, and Axiym to test faster…
Circle Hit With Criminal Complaint After Rejecting USDC Seizure Request
Circle faces a Wisconsin complaint over refusing a court-ordered USDC recovery action. Prosecutors say stablecoin issuers face growing pressure to support scam investigations. The case…
Binance Eyes Lead Role in Mesh Funding at $2B Valuation
Binance may lead Mesh’s funding round, valuing the crypto infrastructure firm at up to $2B. Mesh could double its valuation as demand for stablecoin payment…
Taiwan Passes Crypto and Stablecoin Bill in Major Regulatory Shift
Taiwan mandates licenses for crypto firms under the new Virtual Asset Service Act. Stablecoin issuers need central bank and FSC approval with full reserve backing.…
Open Standard Launches OUSD With Support From Visa, Coinbase, and BlackRock
Open Standard unveils OUSD with shared governance backed by over 140 global partners. OUSD removes mint and redemption fees while sharing reserve earnings with partners.…
India’s USDT Premium Surges Above 8.5% After Regulatory Crackdown
India’s USDT premium exceeded 8.5% as stablecoin supply tightened after ED action. Reduced USDT inflows widened the gap between local crypto and forex market prices.…
Hong Kong Reveals Target Launch for First Regulated Stablecoins
Hong Kong plans to launch its first regulated stablecoins between mid and late 2026. Licensed issuers must maintain reserves under HKMA supervision to protect stability.…
Invesco Files GENIUS Act-Compliant Money Market Fund for Stablecoins
Invesco filed a GENIUS Act-compliant fund for stablecoin reserve management. The fund will invest in cash, Treasuries, and repos to maintain liquidity. Superstate will tokenize…
