Alchemy co‑founder Joe Lau says stablecoin use is surging as banks, fintechs and payment platforms move beyond an era dominated by USDT and USDC. The shift signals bigger institutional flows and new on‑ramp rails for fiat settlement.
Western Union plans to roll out a “stable card” for high‑inflation markets and introduce its own token as part of a broader stablecoin and digital assets strategy.
Stablecoin balances on Solana climbed to a record $16.2 billion, marking new highs in on-chain dollar liquidity. The spike arrives as the IMF issues fresh warnings about stablecoin vulnerabilities and broader financial-stability risks.
A sophisticated exploit allowed attackers to mint 98 million USPD and drain more than $1 million from the USPD stablecoin protocol. The breach raises immediate concerns for peg stability and liquidity providers.
MoneyGram announced a partnership with Fireblocks to integrate stablecoin-based settlements and programmable treasury solutions across its global payments network. The deal is intended to speed cross-border flows and modernize corporate treasury operations while preserving compliance controls.
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.