Ripple is investing $150 million in LMAX to integrate its $1.4 billion RLUSD stablecoin directly into LMAX’s exchange infrastructure, targeting institutional trading and settlement. The move aims to expand on‑chain dollar rails for banks, brokers and asset managers.
SWIFT ran interoperability tests with Societe Generale-Forge’s EUR CoinVertible, claimed to be the first MiCA-compliant digital asset natively compatible with SWIFT’s framework. The trial focused on using the euro stablecoin for tokenized bond payment flows, signaling progress toward bank-grade rails for digital assets.
BVNK has partnered with Visa to provide stablecoin infrastructure for Visa Direct pilot programs, enabling pre-funded stablecoin payouts to recipients' wallets in select approved markets. The partnership was announced 14 January in San Francisco and taps Visa’s $1.7 trillion money-movement network.
Visa has partnered with crypto bank BVNK to enable companies to send stablecoin payouts instantly to digital wallets, including outside regular banking hours. The feature targets faster payroll, vendor and cross-border transfers by removing reliance on traditional settlement windows.
Pakistan has signed an agreement with a firm tied to World Liberty Financial to explore using its dollar-pegged stablecoin (WLFI) for cross-border payments, a source said. The move aims to test faster, cheaper remittances and FX settlement.
The Bank of Thailand has reportedly moved to place Tether's USDT under regulatory oversight as part of a wider crackdown on ‘grey money’ after finding substantial foreign participation on local platforms.
A crypto infrastructure firm announced a $250 million initiative to expand stablecoin payment rails, aiming to let projects operate like digital banks on blockchain. The move underscores growing industry emphasis on payments built on crypto rails as an alternative to traditional banking.
Ethena has expanded its custody framework with Kraken, Anchorage and Zodia to safeguard about $5 billion in stablecoin assets as backing shifts into treasury assets. The move is designed to add institutional-grade custody and reassure markets amid the protocol's asset transition.
Barclays has formed a strategic partnership with Ubyx to develop tokenised deposits, regulated stablecoin rails and clearing infrastructure focused on interoperability for digital assets.
Wyoming has launched FRNT (Frontier Stable Token), becoming the first U.S. state to issue and back a blockchain-based stablecoin under the Wyoming Stable Token Act. The token appears with tickers FRNT and STABLE.