Hong Kong just handed its first stablecoin licences to the same banks that print its banknotes. The HKMA chose HSBC and Standard Chartered's Anchorpoint venture from 36 applicants — a deliberate bet that trusted institutions make the safest foundation for digital money.
The data suggests that stablecoins are evolving into practical financial tools rather than speculative assets. Respondents reported using stablecoins to get paid, make purchases, and transfer money internationally, particularly in cases where traditional financial systems are perceived as slow, costly, or unreliable.
The investment was made through PayPal Ventures, the company’s venture capital arm, as part of Stable’s recent $28 million seed round that also included backing from Bitfinex and Hack VC.
Stablecoins have quietly become a financial powerhouse, moving over $27 trillion in 2024—surpassing Visa and Mastercard combined. From cross-border payments to DeFi, this guest piece by Vedang Vatsa explores how digital dollars are reshaping the global economy. Published by Crypto India Magazine.
Mudrex CEO Edul Patel explains why stablecoins could be India’s next big fintech leap, how regulation is key, and why the global shift is already underway.
In a strategic move to expand non-speculative reward strategies within decentralized finance (DeFi), STON.fi has announced the integration of Ethena…
The PoC will assess the feasibility and benefits of using stablecoins for international trade, addressing key regulatory and compliance challenges along the way.
With this deal, MoonPay’s financial services will extend to enterprise-grade stablecoin offerings, enabling businesses to accept cross-border stablecoin payments and hold multi-currency treasuries or yield-bearing assets, such as U.S. Treasury bills.
Stablecoins, crucial for liquidity in the crypto economy, have become a cornerstone of activity on Solana, enabling seamless trading in rapidly growing sectors like memecoins and decentralized finance (DeFi).
Ripple introduced the U.S. dollar-pegged RLUSD stablecoin to the Ethereum and XRP Ledger networks in October. According to CoinGecko data, the token currently has a market capitalization of $72 million.
The competition is open to eligible users who register between December 31, 2024, at 10:00 AM (UTC) and January 22, 2025, at 10:00 AM (UTC).
This decline coincides with the delisting of USDT by several European Union-based exchanges and Coinbase. The decision was driven by compliance requirements under the EU’s Markets in Crypto-Assets (MiCA) regulations, which took full effect on December 30.
This collaboration will bring WSPN’s transparent, fully-backed stablecoin to Fractal’s high-performance Bitcoin ecosystem, marking a significant step in WUSD’s mission to bridge traditional finance with digital assets.
This coalition of companies, named the Global Dollar Network, aims to foster widespread adoption of USDG by offering yield to network participants.
This collaboration boosts returns for USR holders by leveraging Hyperliquid’s high liquidity and competitive perpetual futures funding rates.
