Topic: #stablecoin
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KuCoin shifts perpetual contracts to hourly funding settlement
KuCoin activated an automatic rule on August 17 that moves USDT- and USDC-margined perpetual contracts to hourly funding settlement when funding rates hit contract-specific limits. Returning to four-hour settlement requires 36 consecutive hours of stable rates below 0.002%.
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Treasury's Bessent Fast-Tracks Stablecoin Rules Under GENIUS Act
U.S. Treasury Secretary Scott Bessent announced the Treasury is moving toward practical implementation of the GENIUS Act, launching federal rules for payment stablecoins with mandatory licensing and a 60-day public comment window.
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Ripple's $50M RLUSD Mint on Ethereum Narrows XRP Ledger Gap
Ripple issued 50 million RLUSD tokens on Ethereum, pushing the stablecoin's total circulating supply to $1.63 billion and narrowing the supply gap with XRP Ledger to just $5.7 million. Capital is flowing from Ripple's native network to Ethereum as corporate clients prefer the latter's infrastructure.
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Circle Arc blockchain launches September 16 with BlackRock, Visa validators
Circle announced that BlackRock, SBI Group, Visa, Mastercard, and nine other major financial institutions will serve as founding validators for Arc, its blockchain network launching September 16.
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Circle beats earnings as Arc blockchain gains BlackRock, DTCC backing
Circle Internet's stock rose 10% in premarket trading after beating earnings estimates, though revenue fell short. The stablecoin issuer's Arc blockchain network, launching Sept. 16, has secured backing from BlackRock, DTCC, ICE, Visa, and other financial giants planning to deploy tokenized assets.
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Banks shift to stablecoin payment rails, signaling structural change
Traditional banks are abandoning Bitcoin for stablecoin infrastructure to enable faster cross-border payments and lower transaction costs. Coinbase's partnerships and regulatory approvals position the exchange as a key infrastructure provider in this transition.
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Senate races to pass CLARITY Act before August recess amid GOP opposition
The CLARITY Act, which would regulate stablecoins and digital asset platforms, enters its final week before the Senate's August recess with a 30% passage probability. Republican and Democratic objections threaten to derail the bill by Friday.
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Trump's Gaza peace deal revives stablecoin infrastructure debate
Trump's July 31 disarmament agreement with Hamas includes discussions of a dollar-pegged stablecoin for Gaza reconstruction, raising regulatory questions about US oversight of crypto deployed in geopolitical contexts.
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Circle Gets New York Trust Charter for Custody Services
Circle's subsidiary Circle Internet Trust Company LLC received a limited purpose trust charter from New York's financial regulator, allowing it to provide fiduciary and custody services under state banking law.
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Stablecoin market cap falls to six-month low as capital shifts to yield alternatives
The stablecoin market has contracted roughly $10 billion over the past 10 weeks to a six-month low, marking the sector's first sustained decline in four years. Capital is migrating to tokenized Treasury products and yield-bearing on-chain instruments as regulatory changes limit stablecoin issuers' ability to compete.
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Robinhood Chain's tokenized stocks surge to $70 million in real-world assets
Real-world assets on Robinhood Chain jumped fivefold to $70 million, with a dozen tokenized stocks now clearing $500,000 daily. The chain's total value locked nearly tripled to $312 million since mid-July, though memecoins and stablecoins still dominate trading activity.
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Samsung Wallet to Add Stablecoin Support, Starting With USDC
Samsung announced stablecoin support for Samsung Wallet at Galaxy Unpacked on July 22, showing a mockup holding Circle's USDC. The company hasn't disclosed launch details, issuers, or whether the feature will be custodial.
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Mirae Asset Rebrands Korbit to Digital X, Launches RWA-Stablecoin Ecosystem
South Korea's Mirae Asset has completed its acquisition of Korbit and plans to rebrand the exchange as Digital X, positioning it as an infrastructure layer for an ecosystem linking real-world assets, stablecoins, and traditional investments rather than a volume-chasing trading platform.
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Goldman Sachs CEO Backs Crypto Clarity Act, Splits With Wall Street
David Solomon endorsed the Clarity Act's regulatory framework, splitting from JPMorgan and banking trade groups fighting stablecoin-yield provisions that could compete with traditional deposit accounts.
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UK Digital Bond Pilot Needs Stablecoin for Instant Settlement
Britain's plan to test blockchain-based sovereign debt issuance in early 2027 hinges on resolving onchain cash settlement, a technical hurdle that's stalled institutional adoption of digital bonds for seven years.
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ECB Warns Stablecoins Could Drain Bank Deposits, Pitches Digital Euro
Piero Cipollone, an executive board member of the European Central Bank, warned that stablecoins pose a structural threat to banks' retail deposit base, citing a three-layer erosion from mobile payments, digital startups, and crypto tokens. The ECB is pitching a digital euro as the answer.
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US national debt hits $39 trillion amid Treasury market weakness
The US national debt reached roughly $39 trillion by mid-2026, with annualized net interest costs crossing $1 trillion. Rising Treasury yields and weaker auction demand signal structural stress, though stablecoins may provide new demand for short-term securities.
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Visa Launches Stablecoin Platform for Banks and Fintechs
Visa introduced a stablecoin platform enabling financial institutions to issue, hold, and transfer stablecoins through its payments network, supporting Open USD, USDC, and USDG at launch.
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Galaxy Digital Launches Galaxy Curator, Morpho-Based Institutional Yield Platform
Galaxy Digital has launched Galaxy Curator, an institutional vault curation platform built on Morpho that provides access to onchain yield strategies for Fireblocks' 2,400+ institutional clients seeking returns on idle stablecoin balances.
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Ostium halts trading after oracle exploit drains $23.7M USDC
Ostium halted all trading on July 15 after a compromised oracle signer key allowed an attacker to fabricate price data and drain up to $23.7 million from its liquidity vault, highlighting critical gaps in DeFi protocol security beyond smart contract audits.
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Circle's $1.4B Coinbase payout exposes USDC stablecoin cost pressure
Circle paid Coinbase $1.4 billion in distribution costs in 2025, up 51% from the prior year, even as USDC circulation surged 72% to $75.3 billion. The payout consumed half of Circle's total revenue, raising questions about the sustainability of its partnership model.
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Ripple Joins Linux Foundation's x402 Initiative for AI Payments
Ripple has become a premier member of the Linux Foundation's newly launched x402 Foundation, integrating XRP and RLUSD into an open-source payment standard designed for autonomous AI transactions.
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Hyundai settles $20K cross-border transfer with USDT on Avalanche
Hyundai Motor's US and Mexican units settled a $20,000 cross-border treasury transfer using Tether's USDT stablecoin in seven minutes on Avalanche, demonstrating enterprise adoption of stablecoin-based payments as an alternative to traditional banking.
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SBI Holdings and SMFG partner with Solana to tokenize Japan's real-world assets
SBI Holdings and Sumitomo Mitsui Financial Group announced a strategic partnership with the Solana Foundation to build a regulated Web3 hub in Japan, focusing on tokenizing real-world assets including the yen-backed JPYSC stablecoin and enabling cross-border micropayments between AI agents.