Stablecoins News

S&P Global said the quality of USDT’s reserves has deteriorated over the past year.

Klarna co-founder and CEO Sebastian Siemiatkowski stated that the company’s 114 million customers and $112 billion in annual GMV give it the scale to transform payments globally.

Last month, Coinbase surpassed $1 billion in BTC-backed on-chain loan originations in just eight months since launch.

Tether said its entry into crypto lending is aimed at providing pathways for the long-term adoption of Bitcoin.

Block said the integration will simplify cross-border payments and improve settlement efficiency while maintaining the user-friendly interface that Cash App is known for.

The stablecoin is currently only for institutional transfers but JPMorgan has plans to expand its usage to clients’ customers in the future.

ENA’s price has dropped roughly 80% from September highs, trading near $0.31 on Thursday.

The companies also plan on exploring the use of stablecoins for faster global payments in the future.

In an interview with Bloomberg, Tether’s CEO Paolo Ardoino projected $15 billion in profit for the year, citing a 99% profit margin.

Tether highlighted how the Wallet Development Kit is built to support compliance with evolving regulations, thus enhancining usability for USDT in decentralized finance ecosystems.

The investment firm also said the fund will now include overnight repurchase agreements and shorter-term U.S. Treasuries, while removing agency securities.

While the GENIUS Act, passed earlier this year, establishes a baseline of permissible reserve assets and supervisory authority, Barr said significant gaps remain.

The Office of the Comptroller of the Currency said Erebor was granted “preliminary and conditional” approval, and it will still need to meet more requirements before it can officially open.

The initiative will make S&P Global Ratings’ Stablecoin Stability Assessments available directly within decentralized finance (DeFi) protocols via Chainlink’s DataLink service.

The partnership follows StableX’s announcement of a plan to invest up to $100 million in tokens within the growing stablecoin sector in September.

Ethena said JupUSD will be integrated into key areas of the Jupiter ecosystem, including Jupiter Perps and Jupiter Lend.

The company announced that GLDY will offer investors a yield of up to 4%, with the pre-sale expected to commence on or before November 10.

According to a note to investors by Standard Chartered’s Geoffrey Kendrick and Madhur Jha, cited by TheBlock, roughly two-thirds of the current stablecoin supply may already function as savings in emerging-market bank accounts.

At the Silos 2025 conference, Waller noted that stablecoins should coexist with cash, bank deposits, and other electronic money forms, provided they meet standards for safety and transparency.

USDH, developed by Native Markets, is the first dollar-pegged token to make it through Hyperliquid’s validator-driven selection process.

Other participants in the round included Sony Ventures, Samsung Ventures, Andreessen Horowitz’s crypto arm, and VC firm Hashed.

CEO Paolo Ardoino confirmed on X that the fundraising targets “high-profile investors to scale the company’s strategy across stablecoins, AI, commodities, energy, communications, and media.”

Bitcoin prices were down 0.2% at $112,707, Ethereum was down 0.7% at $4,175.78, and XRP fell 0.8% to $2.85, according to Coingecko data.

Officials said the taskforce aims to align regulations while digital asset rules are still developing.

The code update flagged by crypto researcher Ericonomic on X, comes on the heels of ConsenSys CEO Joseph Lubin reportedly stating that MetaMask would be issuing its own MASK token soon.

Bo Hines, the newly appointed CEO of Tether U.S., previously led the Presidential Council of Advisors for Digital Assets under the Trump administration.

The exchange said individual subscriptions will be capped at 10,000 USDT per user, down from earlier thresholds.

The token will be issued by Bridge, a Stripe-owned stablecoin platform, and minted through M0’s decentralized infrastructure.

According to a report by Reuters, China’s cabinet is expected to review and potentially approve a roadmap later this month aimed at promoting wider use of the yuan internationally.

Bernstein said it expects the Trump administration’s push to establish the U.S. as the “crypto capital of the world” to drive a prolonged bull market in digital assets.

Ripple said the acquisition is expected to close in the fourth quarter of 2025.

Paul Atkins said the new project is aimed at modernizing securities rules and regulations to enable the U.S. financial markets to move on-chain.

CoinRoutes clients can now push orders straight into Uniswap liquidity without leaving their normal trading workflow.

Blockchain data from Glassnode showed that on-chain value transferred using USDT dropped 20% in the last 24 hours, while USDC’s jumped by nearly 40%.

The vote on the Guiding and Establishing National Innovation for U.S. Stablecoins bill, also known as the GENIUS Act, passed by a narrow margin of 215 to 211.

The GENIUS Act is good news for Ethereum because it is likely to ban competing yield-bearing stablecoins that often offer higher and simpler returns.

Researchers outlined new reward mechanics and stablecoin frameworks that will decide Cardano’s economic future.

Ripple said the Bank of New York Mellon will not only serve as the primary custodian for its stablecoin, RLUSD, but will also provide transaction banking services to support its operations.

Ripple’s comes after the GENIUS Act cleared the Senate and is now under consideration by the House of Representatives. The act would require crypto firms issuing stablecoins to obtain bank charters.

With other crypto bets heating up, the Stocktwits community is making a bet that Webull ($BULL) will play catch-up.

Coinbase’s rally was further fueled by the launch of Coinbase Payments, a new platform designed to simplify stablecoin transactions for merchants.

Pera and Immersve debuted a non custodial Mastercard that spends USDC directly on Algorand in five regions.

Alchemy Pay will let users in 173 countries buy Ripple's RLUSD stablecoin with more than 300 local payment options.

PayPal wants to mint PYUSD on Stellar to slash remittance costs and unlock new PayFi lending products, pending regulator approval.

The stablecoin issuer has increased its IPO to 32 million shares at $27 to $28 apiece, up from 24 million shares priced between $24 and $26.

Banks are reportedly hedging against the possibility that stablecoins could become widely adopted under President Trump, who dubbed himself the ‘Crypto President’.

The proposed merger with Twenty One Capital positions Cantor as a potential institutional gateway to Bitcoin exposure, with the combined entity to be majority-owned by Tether and backed by Bitfinex and SoftBank.

Its first effort, a merger with a special purpose acquisition company (SPAC) in 2021, was abandoned due to regulatory hurdles in late 2022.

Tether CEO Paolo Ardoino blamed the delay on the Biden-era crackdown on cryptocurrencies, stating that a full audit is now the company’s “top priority.”