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All articles tagged with #stablecoin

Trump Family Crypto Venture Earns Conditional Bank Charter to Issue USD1 Stablecoins
business9 days ago

Trump Family Crypto Venture Earns Conditional Bank Charter to Issue USD1 Stablecoins

The Office of the Comptroller of the Currency conditionally approved World Liberty Financial, the Trump family’s crypto venture, for a national trust bank charter that would let it issue its USD1 stablecoin and act as a fiduciary for digital assets for institutional clients; final approval hinges on meeting capital and liquidity requirements, governance disclosures, and appointing an internal auditor, with the charter not equipping WLF with a full suite of traditional banking services overseen by the Fed.

via News of the United States - NOTUS|
#business#national-bank-charter#occ
Coalition-Backed Open USD Aims to Disrupt USDC on Solana
business1 month ago

Coalition-Backed Open USD Aims to Disrupt USDC on Solana

A coalition of more than 140 institutions—including Circle’s stablecoin distributor, Visa, Mastercard, Stripe, BlackRock, Coinbase, and Ripple—plans to launch Open USD (OUSD), a new dollar-backed stablecoin that will trade on Solana and pass nearly all reserve‑asset yields back to the issuers rather than holders. This design could pressure existing leaders like Circle’s USDC and Tether USDT, boost Solana’s ecosystem, and potentially affect other networks (like Ethereum) as new stablecoin liquidity moves to OUSD. Circle’s stock fell after the announcement as investors weigh the wider impact on the stablecoin landscape.

via The Motley Fool|
#business#circle-internet-group#open-usd
Crypto diplomacy pays off: Pakistan wins access to the Trump White House
world1 month ago

Crypto diplomacy pays off: Pakistan wins access to the Trump White House

Pakistan’s MoU with World Liberty Financial to explore its USD1 stablecoin for cross-border payments yielded diplomatic value more than immediate payments: no pilots or licenses have materialized, but the deal secured high-level access to the Trump administration amid regional tensions and the Iran war. Pakistan’s booming crypto market and a new regulator (PVARA) exist, yet practical hurdles—licensing delays, banking onboarding, and the need to convert USD1 to dollars—complicate rollout, making the payoff largely about access rather than a quick policy win.

via Al Jazeera|
#crypto#diplomacy#pakistan
Ripple Joins Open USD Stablecoin Network, Expanding Rails Without an XRP Price Promise
economy1 month ago

Ripple Joins Open USD Stablecoin Network, Expanding Rails Without an XRP Price Promise

Open USD is a large consortium-backed dollar stablecoin run by Open Standard, backed by Visa/Mastercard/Stripe/BlackRock and 140+ partners. Ripple joined as a day-one integration partner (not issuer), placing the XRP Ledger on one of several rails alongside RLUSD. The move signals Ripple’s strategy to diversify settlement rails and grow RLUSD, but it’s unlikely to meaningfully lift XRP’s price on its own, since the stablecoin’s earnings go to partner companies, ledger fees are tiny, and regulatory scrutiny remains a risk.

via 24/7 Wall St.|
#economy#open-usd#ripple
Open Standard unveils Open USD, a global stablecoin backed by Visa, Mastercard and Coinbase
business1 month ago

Open Standard unveils Open USD, a global stablecoin backed by Visa, Mastercard and Coinbase

A consortium led by Visa, Mastercard and Coinbase launched the Open Standard network and a USD-pegged stablecoin called Open USD, aiming to scale stablecoins globally with open governance; the network has over 140 partners, and Open USD can be minted or redeemed at no cost with no volume limits, while earnings from the token’s reserves are shared among partners minus a management fee, with a launch expected later this year.

via Yahoo Finance|
#business#coinbase#open-standard
Circle shares slip as major firms back Open Standard stablecoin plan
business1 month ago

Circle shares slip as major firms back Open Standard stablecoin plan

Circle Internet stock fell after Bloomberg reported a coalition of Visa, Stripe and more than 100 financial firms is launching the Open Standard venture to issue a US-dollar-backed stablecoin called Open USD, with Stripe’s Zach Abrams as interim CEO. Partners—including Visa, BlackRock, Klarna, Alphabet, Chime and Coinbase—plan to integrate the stablecoin into their systems later this year, potentially increasing competition with the dominant stablecoins USDC and USDT.

via Yahoo Finance|
#business#circle-internet#fintech
Mastercard to acquire BVNK for up to $1.8B, linking traditional payments with stablecoins
business5 months ago

Mastercard to acquire BVNK for up to $1.8B, linking traditional payments with stablecoins

Mastercard is acquiring BVNK, a London-based stablecoin infrastructure firm, for up to $1.8 billion (including $300 million in performance-contingent payments), in its largest crypto investment to date. The deal would let Mastercard connect traditional payment rails with blockchain-based stablecoins and tokenized deposits, leveraging BVNK's platform across 130+ countries and major networks as digital currencies gain traction.

via CNBC|
#acquisition#business#bvnk
business6 months ago

Trump Family Unveils USD1: A Private Stablecoin Aiming to Modernize the Dollar

The Trump family, through World Liberty Financial, launched USD1—a stablecoin pegged to the dollar and pitched as an upgrade to U.S. currency. They argue private-sector innovation can modernize finance and preserve dollar dominance, detailing plans at a Mar-a-Lago event and suggesting the private project could spur structural demand for U.S. debt. The venture frames itself as complementary to the dollar, not a threat, though questions remain about private control of a national monetary instrument.

via CNBC|
#business#cryptocurrency#stablecoin
JPMorgan CFO Warns Stablecoin Yields Could Undermine Banking Safeguards
business7 months ago

JPMorgan CFO Warns Stablecoin Yields Could Undermine Banking Safeguards

JPMorgan Chase CFO Jeremy Barnum criticized stablecoin yield payments as dangerous and undesirable, warning they could create a parallel banking system without proper safeguards. The remarks coincide with a Senate draft crypto bill aiming to limit yield on stablecoins, reflecting broader regulatory scrutiny. Banks and credit unions oppose yield on stablecoins like USDC, while Barnum questioned whether such yields truly benefit consumers. JPM remains among analysts’ Moderate Buy ratings with upside potential.

via TipRanks|
#business#cryptocurrency-regulation#jpmorgan-chase
Ripple's $500 Million Investment Boosts Valuation and Founder Wealth
business9 months ago

Ripple's $500 Million Investment Boosts Valuation and Founder Wealth

Ripple announced a $500 million investment and a pilot program with Mastercard, WebBank, and Gemini to explore using its stablecoin RLUSD for fiat credit card transactions on the XRP Ledger. The news initially boosted XRP's price, but it later fell over 5%. RLUSD's supply has increased by 30% in a month, indicating growing adoption. Analysts see Ripple shifting towards a fintech and payments focus, with potential plans to go public.

via Sherwood News|
#business#cryptocurrency#investment