Topic: #stablecoin
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British teenager sanctioned by Russia over A7A5 stablecoin sanctions-evasion report
Alexander Browder, 17, has become the youngest person sanctioned by Russia after alleging the A7A5 stablecoin was used to evade Western sanctions. His father, activist Bill Browder, called him the first high school student in the world targeted by an authoritarian regime over such allegations.
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Tether and Fasset launch gold-backed Visa card with 6% XAUT cashback
Tether and digital banking platform Fasset rolled out a neobanking Visa card that converts digital assets to fiat at point of sale and rewards users with tokenized gold (XAUT), backed 1:1 by Swiss-vaulted bars certified by the London Bullion Market Association.
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Stripe, Visa, Mastercard Launch Joint Stablecoin Platform
Stripe, Visa, and Mastercard are nearing the launch of a collaborative stablecoin platform, marking a significant push by traditional payment networks into digital dollar infrastructure. Coinbase is evaluating participation in the initiative.
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Bitcoin drops 12% as investors flee to dollar stablecoins
Bitcoin dropped 12% to $66,800 this week as crypto investors shift capital into dollar-linked stablecoins. Tether dominance hit 8.30%, the highest since late February, even as traditional markets remain calm.
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Movement gains US, Canada, EU payment rails for stablecoin settlement
Movement, a Move-based blockchain network, announced access to licensed payment infrastructure across three major regions, shifting its focus toward stablecoin-based settlement and cross-border remittances as part of a broader industry pivot toward payments.
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SoFi becomes first US national bank to launch stablecoin in consumer app
SoFi Technologies launched SoFiUSD on May 27, making it the first US national bank to integrate a stablecoin directly into a consumer banking application. The dollar-backed token is now available to SoFi's 14.7 million members on Ethereum and Solana.
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SoFi Launches SoFiUSD Stablecoin on Ethereum and Solana
SoFi Technologies became the first U.S. national bank to offer a bank-issued stablecoin directly within its consumer app, with SoFiUSD now available for buying, selling, and holding on Ethereum and Solana blockchains.
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AI agents settle $73M on crypto rails, Keyrock report shows
A Keyrock report shows AI agents settled $73 million across blockchain rails in the past year, with stablecoins becoming the preferred settlement layer as traditional card networks struggle with micropayments.