Open Standard Unveils Open USD With 140-Plus Partners
Open Standard announced Open USD, a planned dollar stablecoin with shared governance and reserve economics backed by more than 140 payments, banking and technology partners.
Category: Stablecoins
BNY Adds USDC Mint-and-Burn Services to Institutional Custody
BNY is adding USDC custody, transfers, minting and redemption through an expanded Circle relationship, linking bank cash and stablecoin operations.
SQRIL Expands Stablecoin QR Payments Into Central Asia
SQRIL announced stablecoin-funded QR payment support in Uzbekistan, Kazakhstan and Kyrgyzstan, extending its local-rail model into Central Asia.
Florida Enacts Stablecoin Issuer Rules and Fee-Payment Pilot
Florida approved a state stablecoin issuer framework and a pilot that can let businesses pay regulatory fees in qualifying dollar-backed tokens.
Spark Moves $150M to Uniswap for Stablecoin FX Layer
Spark and Uniswap have launched a shared stablecoin liquidity layer with about $150 million across USDS-USDT and USDS-PYUSD pools.
INFINIOS to Integrate Circle Stablecoins for Middle East Payments
Bahrain-based INFINIOS will integrate Circle’s USDC, EURC and onchain payment tools for cross-border payments, treasury and merchant settlement.
BIS Sets Two-Track Agenda for Stablecoin Risks and Tokenised Money
The Bank for International Settlements has called for coordinated stablecoin safeguards alongside development of tokenised central and commercial bank money.
Bank of England Replaces Stablecoin Holding Limits With £40bn Issuance Guardrail
The Bank of England dropped proposed individual and business holding limits for systemic stablecoins, replacing them with a temporary £40 billion issuance guardrail per product.
msUSD Loses Dollar Peg After Accountable Ends Verification Agreement
Main Street Finance’s msUSD fell sharply below $1 after verification provider Accountable terminated its agreement with the protocol, exposing the payment and liquidity risks of verifier-dependent stablecoin designs.
US Agencies Propose Bank-Style Customer Checks for Stablecoin Issuers
Five US financial regulators have proposed customer identification requirements for permitted payment stablecoin issuers, bringing issuer onboarding closer to bank standards.
Trace Finance Raises $32M to Expand Cross-Border Settlement Infrastructure
Trace Finance has raised a $32 million Series A led by CoinFund to expand its regulated cross-border payments, FX and settlement infrastructure.
StraitsX Adds Samsung Pay Support for Stablecoin Card Programs
StraitsX has added Samsung Pay to its card-issuing stack, completing support for the three major mobile wallets used by its stablecoin-backed card programs.