Stablecoin
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HSBC to Launch RedCoin Stablecoin in Hong Kong
HSBC has named its Hong Kong dollar-pegged stablecoin RedCoin ahead of its expected launch in the second half of 2026. The token has not yet been issued and will initially be available only through PayMe and the HSBC HK mobile app. Corporate and institutional applications are planned for later phases, although HSBC has not provided a timeline.
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Stablecoin Cross-Border Transactions Rise 78 Percent Despite Crypto Bear Market
Cross-border stablecoin transaction volumes rose 77.5 percent to $220.3 billion (roughly Rs. 21,13,779 crore) in the 12 months through June 2026, even as total crypto market capitalisation fell 37 percent to $2.1 trillion (roughly Rs. 2,01,49,500 crore). Chainalysis attributed the growth to stablecoins being used for payments, supplier transactions...
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Bitpace Brings Fireblocks Onboard for Stablecoin Settlements
Bitpace has integrated Fireblocks into its payments infrastructure to support stablecoin transfers, multi-currency treasury management, and cross-border settlements. The service is aimed at businesses and merchants, with Fireblocks providing transaction controls, security features, and custodial infrastructure. Fireblocks said stablecoins accounted...
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ECB, EU Central Banks Call for Revisions to MiCA Stablecoin Deposit Requirement
The European System of Central Banks has proposed replacing MiCA’s minimum bank deposit requirement for stablecoin reserves with liquidity-based criteria. The recommendation would allow issuers to use instruments such as overnight reverse repos and short-term sovereign bonds to meet liquidity needs. The ESCB also raised concerns about non-complia...
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Denmark Central Bank Flags Risks as Stablecoin Market Expands
Danmarks Nationalbank has warned that wider stablecoin adoption could eventually affect payments, financial stability, and monetary policy in Denmark. While domestic use remains limited, easier access through banks, fintechs, and payment platforms could increase adoption. The central bank also highlighted risks from dollar-backed stablecoins and po...
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US Court Moves to Seize $212,000 in Crypto Linked to North Korean IT Workers
A US federal court has ordered the forfeiture of around $212,700 (roughly Rs. 2 crore) in stablecoins allegedly linked to a North Korean IT worker scheme. The ruling gives the US government control of funds in a wallet containing USDC and USDT, while the court declined to immediately seize other properties targeted by the Department of Justice.
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Revolut Introduces MiCA-Compliant EURR Stablecoin to European Crypto Services
Revolut has begun rolling out EURR, a euro-backed stablecoin, to select customers in Denmark, Poland and Portugal. Issued by Bridge Building S.A., the token is designed to comply with the EU’s MiCA framework and will initially be available on Ethereum. Revolut plans to expand EURR across the EEA and support additional blockchain networks during 2...
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Trump Family Wants A Bank For Its Crypto Business. They Get Initial Approval
World Liberty Financial, the Trump-linked crypto company, has received the green light from the Office of the Comptroller of the Currency (OCC), the US banking regulator.
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Elon Musk’s X Considers Stablecoin-Based Payments for Influencers and Content Providers
X is reportedly exploring the use of stablecoins such as Circle’s USDC to pay royalties to influencers and content creators, according to CoinDesk. The discussions come as stablecoins gain traction for faster and cheaper cross-border payments. X recently replaced its Revenue Sharing model with the Original Content Rewards Program, while Elon Musk...
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BlackRock Introduces Tokenised Money Market Funds for Stablecoin Reserves
BlackRock has introduced two tokenised money market funds designed to support stablecoin reserve management and institutional blockchain applications. The products invest in cash, short-term US Treasuries, and overnight repurchase agreements while offering tokenised access to traditional money market investments. The launch expands BlackRock’s pr...
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Samsung SDS Teams Up With Upbit Operator Dunamu to Explore Stablecoins and AI Payments
Samsung SDS has announced a collaboration with Dunamu, the operator of South Korea’s largest crypto exchange Upbit, to develop stablecoin infrastructure, AI-powered payment models, and digital asset systems. The partnership follows Samsung Electronics’ recent addition of stablecoin support to Samsung Wallet and reflects the group’s broader pu...
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US, UK Treasuries Seek Common Framework for Tokenisation and Stablecoins
The US Department of the Treasury and the UK’s HM Treasury have unveiled joint recommendations to strengthen cooperation on tokenised finance and stablecoins. Developed through the Transatlantic Task Force for the Markets of the Future, the proposals call for coordinated regulatory approaches, industry-led testing of cross-border tokenised assets...
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Japan’s SBI VC Trade Expands Stablecoin Services With 3 Percent Lending Yield
SBI VC Trade has introduced a lending service for its yen-backed stablecoin, JPYSC, offering an initial annualised yield of 3 percent for a 12-week lending period. The initiative expands the utility of the regulated stablecoin beyond payments and into yield generation. While SBI says the returns exceed those of traditional savings accounts, the com...
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Stablecoin Transactions Hit Record $1.79 Trillion in June, Analytics Show
Stablecoin transaction volume climbed to a record $1.79 trillion in June, surpassing the previous monthly high set in February, according to Visa’s Allium-powered analytics dashboard. The surge came despite the ongoing crypto bear market and reflected growing adoption of stablecoins for payments and cross-border transfers. USDC accounted for the ...
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After Cyberattack, Competitors Tried To Stop Our Comeback: WazirX Founder
On the cyberattack that led to WazirX losing assets worth $230 million, Shetty said, "Our competitors tried to ensure that we never make a comeback."
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HSBC to Launch RedCoin Stablecoin in Hong Kong
HSBC has named its Hong Kong dollar-pegged stablecoin RedCoin ahead of its expected launch in the second half of 2026. The token has not yet been issued and will initially be available only through PayMe and the HSBC HK mobile app. Corporate and institutional applications are planned for later phases, although HSBC has not provided a timeline.
-
Stablecoin Cross-Border Transactions Rise 78 Percent Despite Crypto Bear Market
Cross-border stablecoin transaction volumes rose 77.5 percent to $220.3 billion (roughly Rs. 21,13,779 crore) in the 12 months through June 2026, even as total crypto market capitalisation fell 37 percent to $2.1 trillion (roughly Rs. 2,01,49,500 crore). Chainalysis attributed the growth to stablecoins being used for payments, supplier transactions...
-
Bitpace Brings Fireblocks Onboard for Stablecoin Settlements
Bitpace has integrated Fireblocks into its payments infrastructure to support stablecoin transfers, multi-currency treasury management, and cross-border settlements. The service is aimed at businesses and merchants, with Fireblocks providing transaction controls, security features, and custodial infrastructure. Fireblocks said stablecoins accounted...
-
ECB, EU Central Banks Call for Revisions to MiCA Stablecoin Deposit Requirement
The European System of Central Banks has proposed replacing MiCA’s minimum bank deposit requirement for stablecoin reserves with liquidity-based criteria. The recommendation would allow issuers to use instruments such as overnight reverse repos and short-term sovereign bonds to meet liquidity needs. The ESCB also raised concerns about non-complia...
-
Denmark Central Bank Flags Risks as Stablecoin Market Expands
Danmarks Nationalbank has warned that wider stablecoin adoption could eventually affect payments, financial stability, and monetary policy in Denmark. While domestic use remains limited, easier access through banks, fintechs, and payment platforms could increase adoption. The central bank also highlighted risks from dollar-backed stablecoins and po...
-
US Court Moves to Seize $212,000 in Crypto Linked to North Korean IT Workers
A US federal court has ordered the forfeiture of around $212,700 (roughly Rs. 2 crore) in stablecoins allegedly linked to a North Korean IT worker scheme. The ruling gives the US government control of funds in a wallet containing USDC and USDT, while the court declined to immediately seize other properties targeted by the Department of Justice.
-
Revolut Introduces MiCA-Compliant EURR Stablecoin to European Crypto Services
Revolut has begun rolling out EURR, a euro-backed stablecoin, to select customers in Denmark, Poland and Portugal. Issued by Bridge Building S.A., the token is designed to comply with the EU’s MiCA framework and will initially be available on Ethereum. Revolut plans to expand EURR across the EEA and support additional blockchain networks during 2...
-
Trump Family Wants A Bank For Its Crypto Business. They Get Initial Approval
World Liberty Financial, the Trump-linked crypto company, has received the green light from the Office of the Comptroller of the Currency (OCC), the US banking regulator.
-
Elon Musk’s X Considers Stablecoin-Based Payments for Influencers and Content Providers
X is reportedly exploring the use of stablecoins such as Circle’s USDC to pay royalties to influencers and content creators, according to CoinDesk. The discussions come as stablecoins gain traction for faster and cheaper cross-border payments. X recently replaced its Revenue Sharing model with the Original Content Rewards Program, while Elon Musk...
-
BlackRock Introduces Tokenised Money Market Funds for Stablecoin Reserves
BlackRock has introduced two tokenised money market funds designed to support stablecoin reserve management and institutional blockchain applications. The products invest in cash, short-term US Treasuries, and overnight repurchase agreements while offering tokenised access to traditional money market investments. The launch expands BlackRock’s pr...
-
Samsung SDS Teams Up With Upbit Operator Dunamu to Explore Stablecoins and AI Payments
Samsung SDS has announced a collaboration with Dunamu, the operator of South Korea’s largest crypto exchange Upbit, to develop stablecoin infrastructure, AI-powered payment models, and digital asset systems. The partnership follows Samsung Electronics’ recent addition of stablecoin support to Samsung Wallet and reflects the group’s broader pu...
-
US, UK Treasuries Seek Common Framework for Tokenisation and Stablecoins
The US Department of the Treasury and the UK’s HM Treasury have unveiled joint recommendations to strengthen cooperation on tokenised finance and stablecoins. Developed through the Transatlantic Task Force for the Markets of the Future, the proposals call for coordinated regulatory approaches, industry-led testing of cross-border tokenised assets...
-
Japan’s SBI VC Trade Expands Stablecoin Services With 3 Percent Lending Yield
SBI VC Trade has introduced a lending service for its yen-backed stablecoin, JPYSC, offering an initial annualised yield of 3 percent for a 12-week lending period. The initiative expands the utility of the regulated stablecoin beyond payments and into yield generation. While SBI says the returns exceed those of traditional savings accounts, the com...
-
Stablecoin Transactions Hit Record $1.79 Trillion in June, Analytics Show
Stablecoin transaction volume climbed to a record $1.79 trillion in June, surpassing the previous monthly high set in February, according to Visa’s Allium-powered analytics dashboard. The surge came despite the ongoing crypto bear market and reflected growing adoption of stablecoins for payments and cross-border transfers. USDC accounted for the ...
-
After Cyberattack, Competitors Tried To Stop Our Comeback: WazirX Founder
On the cyberattack that led to WazirX losing assets worth $230 million, Shetty said, "Our competitors tried to ensure that we never make a comeback."
