Shares of Circle Internet Group fell sharply on Thursday after analysts at Compass Point downgraded the stock, citing concerns over a looming margin squeeze tied to its core USDC business. The stock declined 7.44% to $87.41, reversing some of its recent gains after rising 19% so far in 2026 till Wednesday. Compass Point cut its…
When a tourist from Bangkok taps to pay in Singapore using their Thai e-wallet, few stop to consider what powers that transaction. But for Singapore-based StraitsX, the company behind the stablecoin infrastructure running in the background, that seamless experience is exactly the point. Between the fourth quarter of 2024 and the same period in 2025,…
When one of the world’s largest card networks pays a significant premium over a company’s last valuation to acquire it, that is worth paying attention to. When the company in question builds stablecoin settlement infrastructure, it tells you something fundamental about where the payments industry believes it needs to be – and how urgently it…
Coinbase is walking a tightrope in the negotiation over the Clarity Act, telling the staffs of U.S. senators that the company is not happy with where the lawmakers landed in their latest compromise, according to people familiar with the situation, but it hasn’t openly declared its opposition. The proposed agreement was shown to stakeholders in…
Resolv managed to burn around 9 million USR held by the attacker, but roughly $0.5 million in redemptions had already been processed. USR, an overcollateralized stablecoin natively backed by ETH and maintained by the Resolv protocol, lost its peg on March 22 after an attacker minted millions of unbacked tokens and reportedly extracted at…
Eric Trump, one of the sons of U.S. President Donald Trump and a co-founder of crypto firm World Liberty Financial, went after the banking industry Tuesday over their opposition to allowing stablecoin yield in crypto market structure legislation. “Big Banks (think JPMorgan Chase, Bank of America, Wells Fargo, etc.) are lobbying overtime to block Americans…
TLDR Jamie Dimon said stablecoin issuers that pay interest on customer balances should face the same rules as banks. He argued that companies holding customer funds and paying interest operate like traditional deposit-taking institutions. Dimon stated that such firms should comply with capital, liquidity, and anti-money laundering requirements applied to banks. He said banks could…
TLDR: Solana Mobile shipped 200,000+ devices across Saga and Seeker, generating over $5B in onchain volume. The SMS stack integrates with Visa, Stripe, PayPal, and Western Union on Solana’s live financial rails. Stablecoin volume on blockchains hit $27.6T in 2024, surpassing combined Visa and Mastercard totals. Over 75,000 users claimed SKR at launch; 46% staked…
Qivalis, the group of European Union banks developing a MiCA-compliant euro stablecoin, is in advanced discussions with crypto exchanges, market makers and liquidity providers as it prepares to roll out in the second half of this year, Spanish business daily Cinco Días reported on Monday. The group, which includes ING, UniCredit, BNP Paribas, CaixaBank and…
It may be “crypto winter,” but it’s a “stablecoin summer” as digital dollar adoption booms, payments giant Stripe said Tuesday in its annual letter. Bridge, the stablecoin orchestration platform Stripe acquired in 2024, saw transaction volume more than quadruple last year, according to the letter. The firm also said it will “soon” launch the mainnet…