Coinbase said it is collaborating with leading U.S. banks on stablecoin projects and pilot crypto services, with CEO Brian Armstrong noting banks are "leaning into this as an opportunity." The move reflects a growing, if cautious, Wall Street interest in crypto infrastructure.
BNP Paribas is among ten European banks that formed Qivalis in the Netherlands to issue a euro-backed stablecoin, aiming to deliver a regulated digital euro payment solution.
Taiwan will roll out its first regulated stablecoin in 2026, but regulators have not yet decided whether it will be pegged to the New Taiwan dollar or the U.S. dollar. That peg choice will shape how the token interacts with the island’s currency controls and cross‑border use.
OpenEden, led by former Goldman Sachs executive Jeremy Ng, has secured backing from Ripple and prominent venture firms as its TBILL token and yield-bearing stablecoin USDO see rising institutional and on-chain adoption.
Ten European banks, including ING and UniCredit, have set up an Amsterdam company to issue a euro-pegged stablecoin intended to challenge U.S. dominance in digital payments. The initiative signals a coordinated push by incumbent banks to reclaim payment rails and accelerate euro-based digital transactions.
Sony Bank advanced plans for a U.S. stablecoin and tokenized asset services on Dec. 1, deepening its partnership with Bastion. The move reflects mounting institutional demand for compliant, regulated crypto infrastructure.
Scotiabank says Ottawa’s push for a stablecoin framework is focused on modernizing the payments system and is unlikely to upend broader financial markets.
Ripple has obtained licenses allowing Singapore businesses to use XRP and RLUSD as approved settlement options, marking a regulatory milestone. The move could broaden on-ramps and corporate use of digital assets for payments and treasury functions.
Sony Bank plans to issue a U.S. dollar–pegged stablecoin by 2026 in collaboration with Ripple and Circle to power payments across its global entertainment ecosystem. The move joins major issuers and signals broader corporate interest in tokenized payments.
Ripple said it has received approval from the Monetary Authority of Singapore to upgrade its payment license, enabling wider use of RLUSD and XRP across Singapore and the region.