Illinois Draft Rules Map 0.2% Digital Asset Tax to Payment Flows
Illinois has proposed implementation rules for its 0.2% digital asset tax, detailing how stablecoin payments, wallet transfers, bridges and DeFi fees would be treated.
Category: Stablecoins
Binance Invests $100 Million in Circle Under Five-Year USDC Deal
Circle sold Binance $100 million of stock and tied monthly incentives to USDC held through its wallet infrastructure under a five-year agreement.
HIFI Raises $37M to Scale Stablecoin Settlement Infrastructure
HIFI has raised a $37 million Series A led by Left Lane Capital to expand infrastructure spanning stablecoin payments and tokenized capital markets.
US $84.2M Seizure Tests EQIBank-Tether Payment Chain
A US civil forfeiture case involving Capstone, EQIBank and Tether highlights the risks hidden inside multi-tier stablecoin payment chains.
SoFi Activates SoFiUSD Settlement for Mastercard Card Program
SoFi has begun using SoFiUSD to settle debit and credit card obligations with Mastercard, moving a planned $25 billion-plus annualized program onchain.
Fed Proposes Stablecoin Reserve and Two-Day Redemption Rules
The Federal Reserve has proposed stablecoin standards covering full reserves, capital, redemptions, custody and bank applications.
US Weighs Overseas Dollar Stablecoin Initiative
The US administration is reportedly considering public-private projects to promote dollar stablecoins abroad, but the plan remains unconfirmed and undefined.
Chainalysis Estimates Cross-Border Stablecoin Flows Rose 77.5%
Chainalysis estimates identifiable cross-border stablecoin transfers reached $220.3 billion, while its methodology leaves important limits for payment operators.
Visa Survey Finds Stablecoin Intent Hinges on Bank-Like Safeguards
Visa’s U.S. survey found stated stablecoin use could rise sharply with hypothetical fraud protection and deposit insurance, making trust controls a product issue.
BlackRock Sees Agentic AI Driving Demand for Stablecoin Rails
BlackRock argues that AI agents could increase demand for stablecoins and programmable payment rails, while stressing that the market remains nascent.
EU Central Banks Seek to Replace MiCA Stablecoin Deposit Floors
The ESCB wants MiCA’s fixed bank-deposit floors replaced with maturity-based liquidity requirements for stablecoin reserves.
Kakao Pay, KakaoBank Plan Stablecoin Infrastructure Tests With Fireblocks
Kakao Pay and KakaoBank signed an MOU with Fireblocks to explore stablecoin infrastructure and test potential solutions for South Korea.