Quick Breakdown Lion Group reallocates $5M in SOL and SUI into HYPE to strengthen its crypto treasury. BitGo’s new custody solution adds institutional backing to HYPE’s growing adoption. Stock price surges over 20%, reflecting investor confidence in the move....
Quick Breakdown: Executives from Tether and Circle are holding high-level meetings with South Korea’s major banks—Shinhan, Hana, KB Financial, and Woori. Discussions focus on distributing dollar-pegged stablecoins and issuing won-backed tokens. This aligns with President Lee Jae Myung’s pro-crypto...
Quick Breakdown: Ripple teams up with BBVA to launch regulated digital asset custody in Spain. EU’s MiCA rules accelerate bank adoption of crypto services across Europe. Ripple expands RLUSD stablecoin rollout to Africa via Chipper Cash, VALR, and Yellow...
Quick Breakdown Binance listed Ethena’s USDe on Sept 9, with withdrawals live Sept 10. USDe is now the third-largest stablecoin, with $12B+ in circulation. Binance launched a reward program for verified USDe holders. Binance has announced the listing of...
Quick Breakdown Paytrie joins Circle Payments Network (CPN) to expand Canada’s stablecoin payment infrastructure. USDC-powered cross-border payments aim to cut costs, speed up settlement, and improve transparency. Regulated growth focus: Paytrie, registered with FINTRAC, reinforces compliance in stablecoin adoption....
Quick Breakdown Sky, formerly Maker, submitted a bid to build Hyperliquid’s USDH stablecoin. Proposal includes 4.85% yield, multichain access, and compliance options. Sky joins Native Markets, Frax, Paxos, and Agora in the high-stakes contest. Sky Tables Bid for USDH...
Quick breakdown Based receives strategic funding from Ethena Labs to drive USDe adoption on Hyperliquid. Ethena will also roll out USDtb and other products through the partnership. USDe’s market cap has surged to $12.8B, with integrations on FalconX and...
Quick Breakdown Hyperliquid’s validators will decide the USDH stablecoin issuer in a governance vote on September 14. Four contenders, Paxos, Frax, Agora, and Native Markets, have submitted competing proposals. The announcement pushed HYPE token up 12%, near its all-time...
Quick Breakdown Over 77 firms have shown interest in Hong Kong’s stablecoin licenses, including ICBC, Standard Chartered, and PetroChina. Lawmakers stress that approvals will be scarce, with possibly only one license issued in the first round. Regulators are tightening...
Quick Breakdown: Obita raises $10M in angel funding co-led by Vision Plus Capital and Mirana Ventures to expand its stablecoin-based settlement network. Southeast Asia, Central Asia, Africa, and Latin America, where remittance and trade payments remain costly and inefficient....
