BitGo to Custody Assets for StableX's $100M Stablecoin Treasury

Published at 2026-03-10 20:30:42

BitGo has been tapped to deliver custody and trading infrastructure to back StableX’s $100 million stablecoin-focused digital asset treasury. The agreement positions BitGo as the security and operational backbone for StableX as it accumulates and manages reserves intended to support stablecoin issuance and liquidity.

The deal matters because institutional-grade custody reduces counterparty and custody risk while enabling faster on- and off-ramps for treasury operations. With BitGo’s custody controls and trading connectivity, StableX can pursue larger-scale treasury management and market-making strategies, potentially accelerating adoption of its stablecoin initiatives and signalling growing institutional support for regulated stablecoin frameworks.

BitGoStablecoinCustodyInfrastructureInstitutionalStableX

Share on:

Circle’s CEO defended the company’s authority to freeze USDC after the $270 million Drift Protocol exploit and urged faster legal frameworks to enable rapid, lawful responses to crypto hacks.

DriftUSDCRegulationStablecoin

Published at 2026-04-10 12:45:08

Morgan Stanley’s Cut-Rate Bitcoin ETF Sparks Industry Fee War

Morgan Stanley launched the MSBT Bitcoin ETF with a 0.14% fee, undercutting BlackRock’s IBIT and intensifying an issuer fee war. The move could shift investor flows and compress margins across the digital-asset ETF market.

ETFInstitutionalFeesMorgan StanleyBitcoin

Published at 2026-04-10 00:45:09

Six Swiss Banks Launch CHF Stablecoin Sandbox

Six Swiss banks and Swiss Stablecoin AG unveiled a sandbox on April 8 to pilot a Swiss franc–pegged stablecoin. The pilot will test payments, custody, liquidity and compliance within a controlled, regulated environment.

StablecoinDigital AssetsBanksSwitzerlandPayments

Published at 2026-04-09 10:00:12

Ethereum Foundation to Convert 5,000 ETH to Stablecoins via CoW Swap TWAP

The Ethereum Foundation plans to offload 5,000 ETH into stablecoins using a TWAP execution via CoW Swap, aiming to limit market impact and timing risk.

TWAPStablecoinEthereumTreasuryCoW Swap

Published at 2026-04-08 17:01:14

Ethereum Foundation Converts 5,000 ETH to DAI in $10M Treasury Move

The Ethereum Foundation has begun converting 5,000 ETH—roughly $10 million—into the stablecoin DAI. The transaction appears to be part of a treasury diversification strategy aimed at preserving funding for long-term development.