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Stablecoins News
Latest Stablecoins coverage, summarized to 60 words each.
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Mantle adds Paxos’ USDG stablecoin, joins Global Dollar Network
Mantle integrates Paxos‑issued USDG as a natively minted stablecoin and joins the Global Dollar Network’s reward‑sharing structure, allowing users to earn incentives on USDG holdings. The addition expands Mantle’s stablecoin options, potentially boosting transaction volume and liquidity, while reinforcing the network’s appeal to DeFi projects seeking reliable, on‑chain dollar assets.
SoFi Links Banking Network and Stablecoin to Kraken in New Deal
Kraken lists SoFiUSD and taps SoFi’s 24/7 dollar settlement network, while Kraken Prime begins executing trades for SoFi’s crypto clientele; the partnership grants Kraken direct access to SoFi’s banking infrastructure and expands SoFi’s stable‑coin reach. This integration boosts liquidity for both platforms, accelerates institutional adoption and signals heightened competition among crypto‑fi service providers.
Stablecoin payments infrastructure startup Diameter Pay raises $10 million
Diameter Pay secures $10 million Series A funding, co‑led by CMT Digital and Lightspeed Faction, to expand its stablecoin payments infrastructure. The capital will accelerate product development, regulatory compliance and global market entry, positioning the startup to capture growing demand for crypto‑backed transactions. Investors anticipate the infusion will boost adoption and drive broader stablecoin usage across finance.
Kraken parent Payward partners with SoFi on stablecoin, 24/7 settlement
Payward, Kraken’s parent, partners with SoFi to launch SoFiUSD stablecoin on Kraken, linking Payward to SoFi’s 24/7 dollar settlement network and granting SoFi direct access to Kraken Prime’s digital‑asset liquidity. The collaboration expands stablecoin availability, accelerates real‑time settlement for traders, and signals broader institutional adoption, potentially boosting market depth and liquidity across crypto exchanges.
Bitcoin’s fabled golden cross is coming. And USDT may be the real signal this time
Bitcoin approaches a bullish golden‑cross, the moving‑average crossover many traders watch for upward momentum, and this instance gains extra weight as USDT stablecoin liquidity underpins the pattern; the dollar‑pegged token’s inflows suggest sustained buying power, which could amplify the crossover’s impact, potentially driving BTC higher and reinforcing bullish sentiment across the crypto market.
Michigan Judge Bars Kalshi Sports Bets, Threatens $500K Daily Fine
Michigan judge blocks Kalshi’s prediction market, labeling it a sports‑betting operation masquerading as an investment, and threatens a $500,000 daily fine for non‑compliance. The ruling cites state gambling laws and demands immediate cessation of all sports‑related contracts. Kalshi faces potential revenue loss and investors worry about broader regulatory scrutiny affecting U.S. crypto‑linked prediction platforms.
Michigan court orders Kalshi to keep blocking sports prediction markets
A Michigan court upgrades a June temporary restraining order into a permanent injunction, mandating that Kalshi continue blocking all sports‑prediction markets in the state, with violations triggering a $500,000 daily fine. The ruling reinforces regulatory pressure on crypto‑based prediction platforms, signaling heightened legal scrutiny that could deter expansion and dampen investor confidence across the industry.
Lawsuit challenges Tether for allegedly freezing $42.4 million USDT before U.S. warrant
Tether is sued for allegedly freezing $42.4 million in USDT after an informal U.S. law‑enforcement request, three months before a formal seizure warrant arrived, plaintiffs claim. The complaint says the stablecoin issuer complied with the request without court oversight, violating users’ rights.
Tether Sued Over Alleged Unlawful Freeze of $42.4 Million in USDT
Two Thai businessmen claim Tether blocked access to their stablecoins months before federal authorities secured a seizure warrant.
Goldman Sachs, BofA Among 21 Banks Planning Joint Dollar Stablecoin Launch
The bank-led consortium wants a U.S. dollar token live by the first half of 2027, with a euro version queued up next.
Memecoin shenanigans spill into Nasdaq as microcap mushroom seller Farmmi surges 350%
FAMI quickly corrected while the stock saw more than 720 million shares traded — nearly 90 times more than its daily average.
Thai businessmen sue Tether for freezing $42M in $61M pig butchering case
The plaintiffs didn’t dispute their involvement in the pig butchering scam, but claimed that Tether did not have the authority to freeze the $42 million at the time.
Kast launches stablecoin-powered business platform after $80M raise
Kast aims to onboard between 1,000 and 5,000 active businesses to its new platform by the end of 2026.
Ethena pushes stablecoins into everyday banking with high-yield savings, cards and payments
Ethena Pay offers a 6% dollar savings rate and 5% card cashback, using Avalanche for settlement.
Robinhood Chain DEX Volume Jumps to $1.6 billion
Trading on the Ethereum Layer 2 climbed 61% in a matter of days as DeFi deposits and stablecoin holdings approached $800 million.
Citi, Goldman, other global banks and asset managers team up on stablecoin venture
The group will focus first on a U.S. dollar stablecoin for payments and digital asset settlement, with a euro token a priority for expansion.
BofA, Citi, Goldman Sachs among 21 institutions planning stablecoin launch
The planned venture will initially focus on a US dollar stablecoin before expanding to other G7 currencies, with a euro-denominated offering next.
Cathie Wood’s Ark Invest Buys $37 Million in Bitcoin and Payments Firm Block
The investment firm bought 456,059 Block shares across three ETFs and added $3.4 million in Circle stock.
Singapore weighs recognizing some foreign-issued stablecoins
Singapore is considering allowing jointly issued cross-border stablecoins into its regulatory regime, revisiting its earlier decision to restrict the framework to domestic issuance.
Bitfinex Securities lists tokenized notes tied to Strategy, Metaplanet
Five equity-backed notes issued through Luxembourg’s ORO II fund will trade against dollars, USDT and Bitcoin for eligible non-US investors.
Bitcoin consolidates near $78,000 as Arbitrum surges 30% on Robinhood Chain revenue
BTC drifted lower after last week's rally to $81,428, while ARB led DeFi gains as Robinhood Chain's daily fees topped $2 million.
Singapore proposes 100% reserves and a ban on yields for stablecoin issuers
The country’s financial watchdog says its proposed stablecoin rules are aligned with U.S. and EU frameworks and that it also paves the way for the recognition of foreign stablecoin.
Japanese regulator requests tax filing exemption for trust-type stablecoins in 2027 reform
Japan’s FSA requested to exempt trust-type stablecoins from mandatory tax filings starting in fiscal year 2027, arguing that it would improve their use as transaction tools.
Russia's Sberbank Sees $46 Billion in Crypto Trading, Plans Ethereum and USDT-Backed Loans
Deputy Chairman Anatoly Popov told state media that trading could hit 4 trillion rubles in its first year, as the bank prepares to broaden crypto-backed lending once regulators sign off.
Robinhood Chain hits record $989 million in daily DEX volume as TVL grows
Robinhood Chain DEX volume hit a record in the month of August as utility tokens gain ground on memecoins.
Russia’s Sber eyes USDT loans, questions digital ruble demand
Russia’s largest bank, Sber, plans to accept USDT and Ether alongside Bitcoin as loan collateral as the country introduces regulated crypto trading under a new law.
Dunamu and Visa partner on stablecoin, AI business; Open Standard’s OUSD under consideration
Dunamu specifically said that the partnership will explore potential usage of Open USD in future collaborations.
The next trillion-dollar currency may not be a stablecoin — it might not even have a name yet
AI agents are coming. They will need to pay each other. Crypto executives agree on the problem but disagree sharply on the solution, and one thinks the answer has not been invented yet.
SBI buys 20% stake in Indonesia's Ajaib for $270 million to expand yen stablecoin in Southeast Asia
The Japanese financial giant is acquiring a 20% stake in the Indonesian online brokerage to build a cross-border, blockchain-based settlement network.
SBI Holdings invests $270 million in Ajaib, taking 20% stake amid Asia digital asset push
Ajaib offers crypto and stablecoins alongside traditional investments, including OTC settlement services for institutional clients.
Stablecoins not credible for payments at scale, BIS chief says
BIS chief Pablo Hernández de Cos said stablecoins lack credibility for payments at scale, while a new FSI study highlights sharp differences in issuer rules.
Bybit launches 24/7 options on stock perpetuals, starting with SpaceX and Nvidia
Beginning Sept. 17, Bybit users will be able to trade 24/7 options on SPCX and NVDA, with fractional lots and USDT settlement.
Crypto Biz: Bitcoin pumps, Wall Street does the paperwork
Bitcoin’s $80,000 rebound lifts crypto stocks as Circle, Strategy and Solana show how capital markets, stablecoins and onchain growth are driving crypto’s recovery.
Bullish provides USD.AI $100M stablecoin facility for GPU-backed lending
The institutional crypto exchange is providing $100 million in stablecoin liquidity to support loans backed by AI computing infrastructure.
Chelsea FC gets a stablecoin sponsor after UK FCA warning to clubs
According to Circle, the USDC stablecoin name will appear on the front of club jerseys for Chelsea’s upcoming football season.
Visa doubles down on South Korea with Upbit operator Dunamu on stablecoin payments
Following a deal with Shinhan Financial, the global payments giant is widening its footprint in Asia’s major crypto hub through South Korea's largest exchange.
Circle strikes Chelsea front-of-shirt sponsorship deal featuring USDC
The shirt design prominently features USDC by Circle on Chelsea's men's, women's, and academy shirts beginning this season.
Circle's USDC takes over Chelsea's jersey in Premier League's first sponsorship deal
Financials were not disclosed, though reports from earlier this year suggested Chelsea was targeting 65 million pounds a year ($88.3 million) for the sponsorship berth.
Mirae Asset lays out crypto, stablecoin, tokenization plans for Digital X
The South Korean financial group plans to build a $109 billion digital asset business spanning crypto, stablecoins and tokenized assets, according to The Korea Times.
Trump cost investors $4.7B through crypto ‘schemes’: Public Citizen
While investors in World Liberty Financial‘s USD1 stablecoin “haven’t suffered major losses,” many lost billions of dollars in other Trump ventures, according to Public Citizen.