Latest updates, press releases, and insights from the volatile world of digital assets.
The UK government has formed a 54-firm task force that includes Ripple to advance tokenized wholesale financial markets, targeting live trials of repo transactions and digital bonds within the next year
The stablecoin market cap fell roughly $10 billion from its May peak, with a $7.7 billion decline in June alone marking the largest monthly drop since the 2022 Terra event, though the overall contraction stands at just 3 percent
Circle has gained final approval from the U.S. Office of the Comptroller of the Currency to establish Circle National Trust, a federally regulated entity focused on digital asset custody that strengthens operations around its USDC stablecoin
Hyundai Card executed a $20,000 USDT transfer between its US and Mexico subsidiaries in seven minutes using the Avalanche network, marking a real intercompany settlement
Several major South Korean companies, including Samsung and Dunamu, have stated they were listed as partners in the new OUSD stablecoin project without formal agreements, raising questions about the consortium's foundation
Circle and Nomura plan to launch a USDC-based service for Japanese firms by 2027, enabling faster yen-to-dollar stablecoin conversions for cross-border payments and foreign exchange settlements
Morpho, a leading decentralized lending protocol, has secured $175 million in funding at a $2 billion valuation, accelerating its push to create customizable onchain credit markets for institutions and global users
Stripe, Visa, and Mastercard are reportedly preparing a joint stablecoin initiative that could reshape the $325 billion market long dominated by Tether and Circle, with Coinbase also considering participation in the project
Mastercard has announced a major update to its global payments network, adding support for several leading stablecoins including Circle's USDC, PayPal's PYUSD, and Ripple's RLUSD
Bank cuts Ethereum ETF holdings sharply while maintaining strong Bitcoin exposure and boosting stakes in crypto infrastructure companies
