Topic: #stablecoin
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Bank of Thailand Screens USDT Trades in Grey Economy Crackdown
Thailand's central bank is screening large stablecoin transactions, particularly USDT, to detect attempts to sidestep banking disclosure rules. The findings are being handed to the Securities and Exchange Commission, which regulates digital assets, as part of a broader campaign against the "grey economy."
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Tether mobilizes $20B gold reserve for crypto lending via XUAT
Tether, the world's largest stablecoin issuer, is mobilizing its roughly $20 billion physical gold position—154 metric tons—as collateral for tokenized lending via its XAUT gold token and a new partnership with Ledn starting later in 2026.
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SBI launches JPYSC yen stablecoin lending at 3% yield
SBI VC Trade will open JPYSC lending applications on July 16, offering 3% annual yield for 12 weeks on Japan's native yen stablecoin, though the service carries counterparty risk and falls outside deposit insurance protections.
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OKX Suspends USDC Deposits, Withdrawals on Solana for Maintenance
OKX announced a temporary suspension of USDC deposit and withdrawal services on the Solana blockchain on July 14 at 14:30 UTC+8 due to scheduled wallet maintenance, though trading services will continue normally during the pause.
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AI-native workers could drive $262B stablecoin volume by 2033: Swyftx
Australian exchange Swyftx projects that AI-native freelancers and solo workers could settle $262 billion annually in stablecoins by 2033, driven by fee savings and access to traditional banking alternatives.
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Ripple Cuts RLUSD Ethereum Supply to $692M in Stablecoin Rebalancing
Ripple USD (RLUSD) supply on Ethereum has fallen to $692 million from a February peak of $1.24 billion, as Ripple adjusts stablecoin circulation through burns. The shift reflects RLUSD's growing dominance on XRP Ledger, where supply has surged to roughly $800 million since end of 2024.
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Sony Bank gains OCC preliminary approval for US dollar stablecoin
Sony Bank received preliminary approval from the Office of the Comptroller of the Currency to establish a stablecoin issuance business through a new subsidiary, Connectia Trust, National Association, backed by $40 million in starting capital.
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Stablecoin-settled TradFi perpetuals hit $1.1 trillion in H1 2026
Stablecoins have become the primary settlement layer for tokenized traditional finance derivatives, with TradFi-linked perpetual contracts reaching $1.1 trillion in trading volume and accounting for roughly 11% of all crypto perpetual activity in the first half of 2026.
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Base activates B20 token standard for stablecoins and RWAs
Base is set to activate its B20 token standard on Wednesday at 6 pm UTC, enabling developers to create stablecoins and tokenized real-world assets natively without building custom ERC-20 contracts.
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Vanguard hires digital assets chief, reversing years of crypto resistance
Vanguard, which manages $12.5 trillion globally and previously blocked crypto ETF purchases, is hiring a head of digital assets to lead strategy on tokenization, stablecoins, and blockchain infrastructure as competitors rapidly scale tokenized products.
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Banks Race to Become Stablecoin Gateways as Volumes Surge
Standard Chartered and BNY Mellon have announced direct institutional access to stablecoin minting and redemption, signaling a fundamental shift in how global systemically important banks view digital assets. Chainalysis projects stablecoin settlement volumes could reach a quadrillion dollars annually by 2030.
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Stablecoin Winners Will Be Decided by Collateral, Not Yield
Yield-bearing stablecoins are racing toward a $50 billion market, but collateral acceptance—not returns—will ultimately determine which projects succeed, argues Artem Tolkachev, Chief RWA Officer at Falcon Finance.
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A7A5 Russian stablecoin claims $34.4B volume, but analysts say it's inflated
A7A5, a sanctioned Russian ruble stablecoin, claims $34.4 billion in processing volume since January, but blockchain analysts say the token's actual activity is far lower and falling sharply, with circular transactions artificially inflating the figures.
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Standard Chartered offers direct USDC access as first Global Systemically Important Bank
Standard Chartered launched a service allowing institutional clients to mint and redeem Circle's USDC directly through the bank, becoming the first Global Systemically Important Bank to offer this capability. The rollout begins in Dubai.
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Tether Freezes $1.4M USDT in 131 TRON Wallets Linked to ISIS-K
Tether froze over $1.4 million in USDT across 131 TRON wallets designated by the US Treasury as linked to ISIS-K, acting within hours of the sanctions order. The action underscores stablecoin issuers' role in enforcing global financial compliance.
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Crypto card deposits hit $10B milestone as stablecoins reshape payments
Crypto card deposits surpassed $10 billion for the first time in early July 2026, marking an 82% year-to-date surge and signaling stablecoins' emergence as practical payment infrastructure rather than speculative assets.
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Coinbase, BlackRock, Visa Back Open USD Stablecoin as Circle Stock Tumbles
More than 140 companies including Coinbase, Visa, Mastercard, and BlackRock announced a coalition to launch Open USD, a new stablecoin. Circle's stock fell nearly 16% on the news, extending its monthly decline to 39%.
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MetaMask Launches Yield-Paying Money Accounts on Monad
MetaMask rolled out Money Accounts on Tuesday, a self-custody feature combining stablecoin yield, payments, and trading built on Monad. The product uses mUSD and deploys deposits into DeFi lending protocols including Morpho.
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American Express hires VP for stablecoin and blockchain partnerships
American Express posted a job listing for a Vice President of Stablecoin and Blockchain Partnerships within its Digital Labs division, signaling the credit card giant's formal push into blockchain payments and stablecoin infrastructure alongside Visa and Mastercard.
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Tether unlocks $23B gold reserves for crypto lending via Ledn
Tether is expanding its tokenized gold strategy by allowing XAUT holders to borrow against their bullion through crypto lender Ledn, mirroring established bitcoin-backed lending models without forcing asset sales.
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Carstens Backs Stablecoin-Fiat Coexistence, Calls for Global Regulation
Agustín Carstens, the former general manager of the Bank for International Settlements, said stablecoins can enhance financial inclusion and innovation, reversing his earlier skepticism and calling for regulatory frameworks that enable them to coexist with traditional fiat money.
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Ripple wins MiCA approval from Luxembourg, eyes EU expansion
Ripple received preliminary approval for a Crypto Asset Service Provider license under the EU's MiCA regulation, clearing the path to offer stablecoin payment systems across Europe.
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Ethereum Co-Founder Joe Lubin Backs New Ethlabs R&D Nonprofit
Ethereum co-founder Joe Lubin and ether treasury firms Bitmine and Sharplink have funded Ethlabs, a new nonprofit research organization led by five former Ethereum Foundation researchers tasked with readying the blockchain for institutional adoption through stablecoins and tokenization.
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Fidelity launches stablecoin reserve fund, joining BlackRock and JPMorgan
Fidelity Investments launched the Fidelity Reserves Digital Fund on June 18, a money market fund designed to hold stablecoin reserves in short-term Treasury bills and cash. The move follows similar offerings from BlackRock, State Street, Goldman Sachs, and JPMorgan, as the stablecoin reserve management market could expand to $4 trillion.