468 articles
Sonic Labs' USSD stablecoin is backed by tokenized Treasuries products from BlackRock, WisdomTree, and Superstate.
Bitcoin Magazine U.S. Treasury Recognizes Legitimate Uses for Crypto Mixers, Proposes “Hold Law” for Suspicious Assets The U.S. Treasury Department told Congress that bitcoin or crypto mixers can ser...
Funding will support product expansion, licensing and compliance as the company scales a platform for cross-border stablecoin payments.
Stablecoin banking startup Kast secured fresh funding as it looks to expand payment infrastructure across North America, Latin America and the Middle East.
KAST has raised $80 million in a Series A led by QED Investors and Left Lane Capital, valuing the startup at $600 million.
The network's co-founder says many blockchains pitching financial rails lack the activity to justify their valuations, and stablecoins still lack true product-market fit.
The Treasury's report to the US Congress was commissioned as part of directives under the GENIUS stablecoin regulatory framework.
Brazil and Argentina are leading the growth, with Brazil dominating by transaction size and Argentina seeing increasing adoption driven by cross-border payments and stablecoin use.
The shift comes as stablecoins surge in popularity and competitors like Stripe and PayPal add stablecoin options, increasing market pressure.
The stablecoin issuer used its Mint platform for intercompany transfers, replacing bank wires that often take days to settle, CEO Jeremy Allaire said.
Stablecoin monthly transaction volume reached a record $1.8 trillion in February, as USDC surprised analysts with 70% of the total volume.
SB 314 expands Florida’s money services law to cover stablecoins, requiring issuer compliance with existing regulations while banning unlicensed issuance.
