Stablecoin

In brief Japan’s Payment Services Act amendments, effective since 2023, created a licensing regime for issuing and distributing fiat-pegged stablecoins. SBI VC Trade, the first firm licensed as an Electronic …

In brief On- and off-ramp companies are attractive M&A targets, according to VanEck Ventures’ Juan Lopez. They are increasingly being viewed as valuable touch points for facilitating payments through stablecoins, …

Japan’s Financial Services Agency (FSA) is preparing to approve the issuance of yen-denominated stablecoins as early as this fall, marking the first time the country will allow a domestic fiat-pegged …

Trading company Interactive Brokers is planning to expand its crypto footprint with services that could include a proprietary stablecoin. The move, reported by Reuters on Monday, would allow traders to …

In brief The Wyoming Stable Token (WYST) won’t initially offer a yield, but there is support for enabling the feature later, Wyoming State Senator Chris Rothfuss said. Wyoming’s Select Committee …

Digital asset platform OSL Group has secured $300 million in equity financing, marking the largest publicly disclosed equity raise in Asia’s crypto sector to date. On Friday, the company announced …

The ink on the GENIUS Act is barely dry, but its ripple effects are already visible across the crypto industry. In just seven days, the sector added nearly $4 billion, …

Decentralized finance (DeFi) platform Ethena is set to bring its $1.5 billion stablecoin to the U.S. market, teaming up with crypto bank Anchorage Digital to issue the token under the …

In brief PayPal will launch a platform this fall linking domestic wallets like UPI and WeChat Pay to its global merchant network. The service mirrors stablecoin functionality but runs on …

An illustration picture taken in London on May 8, 2022, shows a souvenir Tether (USDT) coin, which is one of the world’s biggest stablecoins. Justin Tallis/AFP via Getty Images hide …