stablecoin
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Circle’s $36 Trillion USDC Surge Leaves Just Seven Cents of Every Revenue Dollar
Despite processing $36 trillion in USDC volume, Circle’s heavy distribution payouts left only seven cents of every revenue dollar as profit in H1 2026.
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Major Fintech Giants Launch Open USD Stablecoin With $1 Billion in Liquidity
Open Standard has launched the OUSD stablecoin across four blockchains with $1 billion in backing from founding partners including Visa, Mastercard, Stripe, and Coinbase.
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SoFi Launches Blockchain-Based Stablecoin Settlement on Mastercard Network
SoFi Bank has migrated its card program to blockchain-based settlement using SoFiUSD, marking the first time a national bank uses stablecoins on Mastercard’s network.
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U.S. Bank Tests Proprietary Stablecoin on Stellar Blockchain
U.S. Bank has successfully piloted a cross-border payment using its proprietary USBDC stablecoin on the Stellar network, testing key institutional controls.
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Visa Reports Q3 2026 Earnings Beat While Announcing 7% Workforce Reduction
Visa posted strong Q3 2026 revenue of $11.63 billion, yet announced a 7% workforce cut to accelerate its strategic pivot toward AI and stablecoin infrastructure.
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Open USD Consortium Challenges Circle’s Stablecoin Dominance
A 140-member coalition led by Stripe and Visa launched Open USD, threatening Circle’s revenue model by distributing reserve interest to network partners.
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Mastercard expands digital payments and B2B security with new stablecoin and insurance initiatives
Mastercard has joined a major consortium to launch the Open USD stablecoin while simultaneously partnering with Allianz Trade to secure B2B travel payments.
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Coinbase Faces Market Volatility and Strategic Shifts in Stablecoin Landscape
Coinbase stock faces pressure amid Bitcoin declines and ETF outflows, while the company joins a major industry coalition to launch the Open USD stablecoin.
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ClearBank Europe Gains MiCA Approval for Stablecoins
ClearBank Europe becomes the first Dutch bank authorized under MiCA to offer regulated stablecoin services, advancing crypto integration in finance.
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Tether Seeks $500 Billion Valuation in Final Funding Push
Stablecoin issuer Tether is reportedly nearing the end of a significant funding round, aiming for a $500 billion valuation and requesting capital commitments within two weeks.
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Tether Taps KPMG for Full Reserves Audit Amid U.S. Expansion Plans
Tether has chosen KPMG for a detailed audit of its reserves, aiming to enhance transparency as it prepares for U.S. expansion and new funding. Use
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US Senators Reach Tentative Deal on Stablecoin Yield Rules
A tentative agreement between U.S. Senators and the White House on stablecoin yield language could break a legislative deadlock, potentially advancing crucial crypto regulation.
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Mastercard Eyes BVNK Acquisition for $1.8 Billion
Payment giant Mastercard is reportedly nearing a deal to acquire stablecoin infrastructure startup BVNK for up to $1.8 billion, signaling a significant move into the digital asset space.
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PayPal Enables Stablecoin Access in 70 Countries
PayPal has officially rolled out stablecoin functionality to users in 70 countries, marking a significant expansion of its cryptocurrency services.
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Sonic Labs Launches Treasury-Backed USSD Stablecoin on Frax Infrastructure
Sonic Labs has launched USSD, a new stablecoin backed by tokenized U.S. Treasuries from major institutions like BlackRock, built on Frax Finance’s infrastructure.