Why Major Payment Giants Say OpenUSD Won't Dethrone USDC
Coinbase, Visa, and Mastercard say backing OpenUSD won't replace USDC, calling multi-stablecoin support a feature, not a betrayal.
Stablecoin issuers, payments, reserves, regulation, adoption, and market infrastructure.
117 articles
Coinbase, Visa, and Mastercard say backing OpenUSD won't replace USDC, calling multi-stablecoin support a feature, not a betrayal.
A Brazilian court ruled retroactive crypto tax enforcement unconstitutional, potentially freeing $527 million in frozen stablecoins tied to Gurhan Kiziloz.
USDT can be frozen by Tether or your exchange; knowing which type applies determines your recovery odds, and only 3.6% of blacklisted addresses are ever.
Stablecoins are splitting into two jobs: human commerce stays on credit cards, while AI agents settle micro-payments in USDC at machine speed.
Tether claimed a $1.5B profit in Q2 2026 while equity fell by half, as rival Circle captured 62% of stablecoin trading volume.
Spark routed $1.5 billion in stablecoin swaps in 30 days by becoming the neutral infrastructure layer connecting competing stablecoins like USDC, USDT.
Swapping Bitcoin for USDC triggers capital gains taxes, and new IRS Form 1099-DA reporting makes every stablecoin swap harder to overlook.
Africa loses $5 billion yearly to slow, costly cross-border payments; stablecoins may finally fix that with faster, cheaper blockchain-based settlement.
OKX now lets European users convert USDT to USDC with an 8% bonus, a move driven by MiCA compliance that could shift stablecoin dominance in Europe.
Coinbase's USDC stablecoin revenue fell $17 million to $292 million in Q2 2026, missing estimates as crypto trading slows and losses hit $359 million.
Stablecoins move $35 trillion annually, yet less than 1% funds real cross-border payments; liquidity gaps and regulation keep banks dominant.
The UAE's new stablecoin tax directive requires all VAT-registered businesses accepting USDT, USDC, or crypto to use one standard AED conversion method.
Elon Musk launched X Money without crypto despite being its biggest champion, revealing that stablecoin adoption hinges on regulation, not innovation.
Kenya's new stablecoin rules require CBK approval for USDT and USDC, potentially forcing Tether and Circle to seek local licenses or lose market access.
Tether's USA₮ is a federally regulated stablecoin issued through a nationally chartered bank, giving U.S. institutions a compliant digital dollar for the.
Robinhood Chain lets users trade tokenized stocks and earn 7% APY on stablecoins in one non-custodial wallet, no bridging required.
Kenya's Nairobi Securities Exchange is partnering with Tether to explore blockchain securities trading and USDT settlement in an emerging market first.
South Korea is racing to launch won-backed stablecoins to counter dollar dominance, even as $60 billion in crypto capital flowed out in late 2025.
Stablecoins now process $15 trillion annually, and banks that fail to integrate blockchain rails risk losing ground to crypto-native rivals fast.
Stablecoins are going invisible in everyday payments, raising urgent questions about who protects consumers when crypto hides behind a familiar checkout.
Stablecoin supply fell $7.7B in June 2026, yet transaction volume hit a record $1.79 trillion, revealing digital dollars moving faster through a shrinking.
Samsung is embedding stablecoins into its Wallet app on hundreds of millions of phones, making crypto as easy to use as a credit card.
Fidelity is launching a stablecoin backed by $18 trillion in assets, using yield-generating financial engineering to challenge Tether and Circle's.
Tether burned $2.5B in USDT on Ethereum while Binance's Tron balance hit a six-month low, signaling a major stablecoin liquidity shift across chains.
Stablecoins moved $33 trillion through institutions last year, as UAE banks go live with production deployments, signaling a shift from crypto experiment.
Keeta and LayerZero will let tokenized bank deposits move natively across four blockchains in July 2026, covering nine currencies without wrapped assets.
USDT hit $160 billion despite MiCA delistings, revealing a stablecoin market split: USDC dominates regulated institutions while USDT rules retail and DeFi.
USDT was delisted across Europe on July 1, 2026, but Europeans can still hold it; here is what that means for your crypto options.
The GENIUS Act splits stablecoin oversight at $10 billion: stay under state licenses below that threshold, or move to federal regulators above it.
Stablecoins now account for 60% of crypto purchase value, powering real-time payments and treasury operations far beyond their trading origins.
Japan's stablecoin boom is reshaping freight, retail, and finance as new laws split crypto investment from payments, slashing tax rates to 20% by 2028.
Stablecoin compliance is now law: the GENIUS Act, MiCA, and Asia's new rules demand continuous reserve proof, not just quarterly audits.
Circle secured a federal bank charter and partnered with Kakao to back $73B in USDC, signaling stablecoins are now core global payment infrastructure.
The GENIUS Act bans Circle's USDC from paying yield to holders, while Tether's offshore USDT faces no such limit, handing Tether a structural edge.
U Stablecoin taps Chainlink for oracles and cross-chain infrastructure, securing over $2.5 billion in daily trading volume with verified reserves.
USDT faces a 2028 deadline to comply with the GENIUS Act or lose access to US platforms, putting $180 billion in stablecoin value at stake.
Tether's USDT could face full US delisting by 2028 under the GENIUS Act, with 25% of reserves still non-compliant as Circle's USDC gains ground.
Stablecoins now dominate gray-market crypto payments, with $32 million in Q1 2026 transactions forcing Tether and Circle into tighter regulatory.
Tether's USDT must restructure 25% of its $184B reserves to meet U.S. GENIUS Act stablecoin rules or face delisting by July 2028.
New research finds 85% of $1.84 billion in DeFi liquidity pools sits idle, costing individual liquidity providers an estimated $150 million in fees yearly.
USDC now handles the majority of stablecoin transaction value, as banks choose it over USDT for regulated payments and cross-border settlements.
The stablecoin market shed $10 billion since May, yet USDC now handles 67% of transaction volume as U.S. regulation reshapes which coins platforms support.
A coalition of 40 firms launched the x402 Foundation to standardize stablecoin payments for AI agents, a protocol already handling 75 million transactions.
JCB's USDC deal could bring stablecoin payments to 40 million merchants, signaling a shift from crypto trading to everyday checkout counters.
Bitget Wallet now lets users in Brazil, Argentina, Mexico, and Colombia buy stablecoins via local bank transfer, no exchange account needed.
Japan's stablecoin licensing framework is already live while other G7 nations are still drafting rules, with JPYC targeting 10 trillion yen in circulation.
Japan's SBI is offering 3% yield on yen stablecoins, far above the 0.325% typical bank rate, marking Japan's first passive income product on a domestic.
The stablecoin market shed $10 billion from its May peak, but a 3% dip dwarfs 2022's 26% crash as new rivals chip away at Tether and USDC dominance.
USDT's market cap is roughly 20.36 million times larger than rivals like AdEx, highlighting extreme stablecoin concentration risk that could affect.
Stablecoin market cap hit $322 billion as Fortune 500 companies build a six-layer payment infrastructure that now rivals Visa and Mastercard in volume.