Stablecoin wallets challenge traditional bank accounts as main consumer money hub
Industry leaders debate whether digital dollar wallets will dismantle traditional bank accounts or simply modernize the underlying infrastructure.…
Dollar-backed stablecoins can push local currencies lower, Bank of Korea study finds
Buying pressure in Binancepaired currencies correlates with local currency depreciation as market makers balance positions. Source：CoinDesk
Crypto Biz: AI took a back seat when Bitcoin started climbing
Corporate crypto bets are getting bigger as rising markets reward direct exposure, putting balancesheet strategies and institutional adoption back in focus.…
Revolut, OpenReserve get preliminary US bank approval with crypto plans
Revolut and OpenReserve received preliminary OCC approval to form US national banks, with both planning cryptocurrency and stablecoinrelated services.…
South Korea targets February 2027 rollout for full tokenized securities market
Financial regulators unveiled a phased roadmap moving traditional capital markets onto distributed ledgers, concluding with onchain stablecoin settlement.…
Mantle adds Paxos’ USDG stablecoin, joins Global Dollar Network
Mantle has added Paxosissued USDG as a natively minted stablecoin while joining the network’s rewardsharing structure. Source：Cointelegraph
Kraken parent Payward partners with SoFi on stablecoin, 24/7 settlement
The deal will bring SoFiUSD to Kraken, connect Payward to SoFi’s 24/7 dollar settlement network and give SoFi access to digital asset liquidity through Kraken…
BofA, Citi, Goldman Sachs among 21 institutions planning stablecoin launch
The planned venture will initially focus on a US dollar stablecoin before expanding to other G7 currencies, with a eurodenominated offering next.…
Citi, Goldman, other global banks and asset managers team up on stablecoin venture
The group will focus first on a U.S. dollar stablecoin for payments and digital asset settlement, with a euro token a priority for expansion. Source：CoinDesk
Ethena pushes stablecoins into everyday banking with high-yield savings, cards and payments
Ethena Pay offers a 6% dollar savings rate and 5% card cashback, using Avalanche for settlement. Source：CoinDesk
Kast launches stablecoin-powered business platform after $80M raise
Kast aims to onboard between 1,000 and 5,000 active businesses to its new platform by the end of 2026. Source：Cointelegraph
Singapore proposes 100% reserves and a ban on yields for stablecoin issuers
The country’s financial watchdog says its proposed stablecoin rules are aligned with U.S. and EU frameworks and that it also paves the way for the recognition…