Stablecoin
Ongoing coverage on Stablecoin.
Latest coverage
PYUSD Arrives in Venmo on Arbitrum, Putting the Stablecoin in Front of 67 Million Monthly Users
PayPal's stablecoin, PYUSD, is now available to eligible Venmo users on the Arbitrum network, providing access to over 67 million monthly active accounts. This integration marks a significant step in expanding consumer access to PYUSD on an Ethereum Layer 2 solution, following its earlier deployment on Arbitrum by PayPal. Users can buy, sell, send, and spend PYUSD within Venmo with no transaction fees, though external wallet transfers incur network fees. Balances held within Venmo or PayPal can earn rewards, with PayPal promoting a 4% annual rate in 2026.
BOE Phase 2 trial puts stablecoins and the digital pound inside one trade finance payment
The Bank of England's Phase 2 digital pound exploration is testing the interoperability of stablecoins and central bank digital currency within a single trade finance payment. This sandbox experiment, involving NOBO Finance, Dun & Bradstreet, and Polygon Labs, aims to see if these different forms of digital money can coexist for transactions without using real customers or money. The findings will inform the joint assessment of the digital pound later this year.
MoneyGram Ramps goes live on Solana, offering cash-out across 170 countries
MoneyGram has launched its "Ramps" service on the Solana blockchain, enabling users to convert cash into digital assets and vice versa across 170 countries. This integration aims to simplify cross-border payments by leveraging MoneyGram's existing network without requiring users to directly interact with blockchain technology. The move follows MoneyGram's previous collaborations with the Stellar Development Foundation and its own stablecoin initiative, MGUSD.
Stablecoins Are Crossing Borders Fast — But Someone Still Has to Convert Them Into Local Money
While Visa's new platform simplifies stablecoin access for financial institutions, the primary challenge for cross-border transactions remains currency conversion. Despite stablecoins facilitating value transfer, the need for foreign exchange pricing, liquidity, and settlement persists in each corridor, creating complex plumbing for fintechs operating in multiple markets. Regulatory bodies are increasingly classifying these activities as foreign-exchange operations, highlighting the ongoing friction in converting stablecoins into local currencies for everyday economic activities.
Samsung Commits Galaxy Wallet to Stablecoins Without Naming a Partner or a Launch Window
Samsung has announced that its Samsung Wallet will soon support stablecoins, making it one of the first major mobile brands to do so. While a specific launch window, issuer, or blockchain were not disclosed, a mockup showed Circle's USDC. This move integrates digital value transfers into the default wallet for Galaxy devices, which already facilitates crypto purchases through Coinbase for millions of users.
Circle and Kakao ink MOU to test USDC-powered payments across South Korea
Circle and Kakao Group have signed a memorandum of understanding to explore blockchain-driven payment infrastructure in South Korea, focusing on stablecoin transactions and cross-border remittances. The partnership aims to integrate Circle's stablecoin technology with Kakao's extensive ecosystem, including Kakao Pay and Kakao Bank, potentially impacting web3 gaming and simplifying GameFi transactions.
Visa, Mastercard and Coinbase have launched a new global stablecoin
Visa, Mastercard, and Coinbase have partnered to launch a new global stablecoin. This venture aims to leverage the existing infrastructure of these major financial institutions for a new digital currency.
Crypto Casinos in Australia — Faster Deposits, Bigger Bonuses and Full Control Over Your Money
Cryptocurrency is increasingly becoming a preferred payment method for Australian online casino players due to faster deposits, lower transaction costs, and greater control over funds compared to traditional banking. The article analyzes the advantages and risks of using Bitcoin, Ethereum, and stablecoins, highlighting the importance of legitimate licensing and provably fair games for crypto casinos. It also discusses the unique aspects of crypto bonuses and the regulatory ambiguity surrounding crypto gambling in Australia.
Tether will launch an 'official' stablecoin in Georgia tied to local currency
Tether is launching an official stablecoin in Georgia named GELT, which will be pegged to the Georgian Lari. This move aims to integrate cryptocurrency with local fiat currency.
Google Cloud and Solana Foundation Introduce Pay.sh for API Transactions
Google Cloud and the Solana Foundation have launched Pay.sh, a new payment gateway that allows AI agents to autonomously purchase API access using stablecoins on the Solana network. This system simplifies transactions by eliminating traditional accounts and subscriptions, enabling new monetization opportunities for enterprises by allowing AI agents to access private data stored in Google Cloud.
Onchain Heroes Launches Valor Stablecoin and Marketplace on Abstract
Onchain Heroes has launched its Valor stablecoin and a new marketplace on the Abstract platform. This move aims to integrate stablecoin technology and a dedicated marketplace within the gaming ecosystem.
Two Cosmos Platforms Close, Impacting NFT Market
Leap Wallet and Intergaze, two platforms within the Cosmos ecosystem, have announced closures due to dwindling activity and minimal market engagement. Intergaze accumulated only $35,000 in trading volume, highlighting challenges for smaller blockchain networks. Investment is consolidating in larger ecosystems like Ethereum and Solana, though ATOM has seen a minor price increase.
FIFA Rivals Shifts NFTs to Pulse Marketplace Using USDC
Mythical Games is migrating FIFA Rivals' NFTs to its Pulse marketplace, utilizing the stablecoin USDC instead of the volatile MYTH token. This move aims to provide transaction stability and preserve asset value, especially in anticipation of the 2026 World Cup. The transition follows successful migrations of other collections and seeks to enhance player engagement by stabilizing the game's economy.
