Why Mastercard paid double for stablecoin infrastructure it could have built
The credit card giant’s pricey payment to buy stablecoin platform, BVNK, says more than any strategy deck or earnings call ever could.
Stablecoins
Market structure bill compromise draws wide-ranging reaction from fractured crypto crowd
The yield agreement, seen as a step toward finally advancing the stalled market structure bill, hasn’t yet fully won industry support.
SBI, Sony back Startale’s $63 million push to expand Japan’s tokenized finance stack
The Singapore-based company builds blockchain tools for financial firms and retail users, including a blockchain for tokenized securities, stablecoins, and a consumer app.
South Korea crypto liquidity tumbles as stablecoin balances plunge 55% and stock buying rises
On-chain data shows a sharp drawdown in dollar-linked token holdings since July, with the latest wave triggered by won weakness.
DeFi risk management giant Gauntlet sees $380 million exit as OKX crypto campaign ends
Gauntlet noted that deposits are now back to same levels before the campaign, and has navigated large capital swings before due to incentive campaign endings, airdrops, and shifts in market conditions which regularly produce short-period swings in either direction.
Mastercard’s $1.8 billion deal ‘a clear answer’ to a massive shift in the global payment war
Analysts say the $1.8 billion acquisition shows stablecoins are moving from niche use to global settlement rails.
Brazil industry giants representing 850 companies decry stablecoin tax threat
They argue the tax would be illegal, violating Brazil’s Constitution and Virtual Assets Law, as stablecoins are not considered fiat currency.
Stablecoins, bitcoin could reshape finance, Stanley Druckenmiller says
The billionaire investor said stablecoins could become the whole payment system in 10-15 years, and reiterated that crypto might replace the U.S. dollar as the global reserve currency.
Circle’s USDC volumes top Tether’s USDT for first time since 2019, prompting sell-side price target hike
Japanese investment bank Mizuho remains neutral on Circle, but lifted it price target to $120 from $100.
Stablecoins won’t get any kind of deposit insurance under GENIUS rules, says FDIC chief
The chairman of the U.S. Federal Deposit Insurance Corp. made clear that even pass-through deposit insurance won’t be allowed from third-party firms.