Topic: #stablecoin
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Swiss National Bank's Tschudin: large stablecoins could disrupt monetary policy
Swiss National Bank board member Petra Tschudin said in Zurich on September 30 that large stablecoins could interfere with monetary policy, and called for regulation that keeps central bankers in control.
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Tether's USDT used by 84% of Iran-linked sanctioned wallets, Senate Democratic report says
A Democratic staff report released by Sen. Richard Blumenthal says 84% of 846 Iran-linked sanctioned wallets transacted mainly in USDT. Blumenthal asked Treasury and DOJ to investigate Tether.
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HSBC names Hong Kong stablecoin RedCoin, plans P2P and merchant payments first
HSBC has named its planned Hong Kong stablecoin HSBC RedCoin. In a Sept. 20 announcement, the bank said it will first support P2P and person-to-merchant payments, with corporate and institutional uses to follow.
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Binance Pay links USDT wallets to PayPay merchants in Japan via HIVEX
Binance Pay has partnered with TBCASoft's HIVEX network so eligible overseas users can pay with USDT at PayPay merchants across Japan. Merchants get paid in yen, Crypto Briefing reported.
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Binance Pay opens USDT spending at PayPay merchants in Japan via HIVEX
Binance Pay said eligible overseas visitors to Japan can spend USDT at most PayPay-supported merchants starting Wednesday, with payments routed through HIVEX and merchants still settled in yen.
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Aztec Labs relaunches zk.money wallet for private stablecoin payments
Aztec Labs relaunched its self-custodial zk.money wallet on Aztec Network three years after shutting it down. Users can send USDC, USDT or DAI privately using readable ENS-based tags.
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Citi and Coinbase link banking rails for two-way stablecoin payments, newsletter says
Large Citi corporate clients can accept stablecoin payments without holding tokens, with Coinbase converting them to dollars, according to Tyler Warner's Morning Minute newsletter published by Decrypt.
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Tether says it helped freeze nearly $550M in Iran-linked USDT in 2026
Tether said Monday it helped authorities freeze nearly $550 million in Iran-linked USDT this year, as Senate Democratic investigators alleged the stablecoin had become a key channel for Iranian sanctions evasion.
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Senate finds Iran used $507M in Tether to evade sanctions
A US Senate investigation found that Iran's Central Bank accumulated at least $507 million in Tether's USDT stablecoin to evade international sanctions, prompting formal records demands and a broader government crackdown dubbed Operation Economic Fury.
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Venus Protocol Liquidity Hub Merges Yield and Collateral
Venus Protocol launched the Liquidity Hub around August 31, allowing users to earn yield on stablecoin deposits while using those deposits as collateral for loans, addressing a core DeFi capital efficiency challenge.
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Federal Reserve proposes reserve limits and capital standards for stablecoin issuers
The Federal Reserve proposed new reserve-asset limits and standardized capital requirements for stablecoin issuers, advancing implementation of the GENIUS Act signed into law last year with a January 2027 effective date.
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Coinbase Launches Fixed-Rate Bitcoin Loans via Morpho Protocol
Coinbase rolled out fixed-rate USDC loans backed by Bitcoin, marking the first enterprise deployment of Morpho Midnight and a shift from on-chain lending's variable-rate standard.
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ECB proposes liquidity thresholds to replace MiCA stablecoin deposit rules
The European System of Central Banks wants to replace mandatory bank-deposit requirements for stablecoin reserves with liquidity thresholds, citing risks that sudden withdrawals could strain lenders during a stablecoin run.
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ECB proposes liquidity-focused alternative to MiCA's stablecoin reserve rule
The European Central Bank submitted a formal response to the European Commission recommending elimination of MiCA's percentage-based bank-deposit mandate for stablecoins, proposing instead a liquidity-focused framework requiring reserves to mature within one to five working days.
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Apple and Google Recruit Stablecoin Experts for Payments Push
Apple and Google posted job openings for stablecoin and blockchain roles in late September, signaling major tech companies are exploring stablecoins for payments. Neither has announced a proprietary stablecoin product, but the hiring spree suggests the technology is nearing mainstream adoption.
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Aptos launches Agent Cloud for AI agents to rent GPUs with stablecoin payments
Aptos is building machine-to-machine commerce infrastructure for autonomous AI agents, including the x402 payment protocol for micropayments and Agent Cloud for GPU rental. The system processes transactions in under 50 milliseconds with fees below $0.0005, using USDC for over 99% of settlements.
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Visa Closes Meme Coin Rewards Loophole After Block Investigation
Visa is moving to block meme coin purchases from being coded as "digital media," ending a rewards arbitrage that let users earn credit card points on crypto buys. The shift follows a Block investigation and comes after banks lost their broader push for stablecoin regulation.
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Dtcpay Closes $25M Series A Backed by Japan's SBI Group
Singapore-based stablecoin payments firm Dtcpay completed a $25 million Series A funding round led by SBI Group, which invested through two Singapore-based funds. The capital will fund expansion of Dtcpay's merchant network and new product features.
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Ampleforth Proposal 54 canceled after wallet requests 98% of treasury USDC
A single proposing wallet submitted a request for 2.5 million USDC from Ampleforth's treasury shortly after receiving 87,238 FORTH of delegated voting power, but the proposal was canceled on-chain before voting opened.
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House crypto tax bill omits mining and staking reward deferral
The House Ways and Means Committee will consider a 114-page crypto tax package on Wednesday that restructures treatment of fees, stablecoins, and loans but excludes provisions allowing miners and stakers to defer taxation of rewards until sale.
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Coinbase launches tokenized stocks on Base for DeFi collateral
Coinbase rolled out tokenized versions of major US equities on its Base layer-2 network in August, enabling DeFi traders to use real equity positions as collateral. The initiative echoes the firm's USDC playbook and competes with emerging offerings from Kraken and Robinhood.
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Anchorage Digital Enables Institutional Access to Frgmnt's fUSD Stablecoin
Anchorage Digital Bank, a US federally chartered crypto bank, has partnered with stablecoin protocol Frgmnt to give institutional clients access to fUSD and sfUSD tokens through its custody platform, allowing institutions to hold, mint, redeem, and stake without separate custody arrangements.
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Tether launches $400M private-credit fund as defaults hit five-year highs
Tether and Fasanara Capital unveiled StableFund, a $400 million vehicle targeting up to $3 billion in institutional capital for USDT-backed lending across fintech networks. The move marks Tether's expansion into private credit as major funds report record defaults.
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Block applies for OCC trust bank charter for Bitcoin custody
Block has applied to the Office of the Comptroller of the Currency to establish Builders Bank & Trust, a federally supervised national trust bank for digital asset custody that would not accept deposits or make loans.