Ethena Pay Challenges Stablecoin Giants by Sharing Yield With Users
Ethena Pay shares up to 6% yield and 10% cashback with users, directly challenging how Circle and Tether pocket stablecoin returns entirely.
Stablecoin issuers, payments, reserves, regulation, adoption, and market infrastructure.
187 articles
Ethena Pay shares up to 6% yield and 10% cashback with users, directly challenging how Circle and Tether pocket stablecoin returns entirely.
Circle's new Arc blockchain is built solely for stablecoin payments, with BitGo and KuCoin already on board to push USDC into real-world finance.
Stablecoin yield restrictions cost Coinbase $1.35B annually and helped sink the CLARITY Act, leaving US crypto rules to regulators until 2027.
MoneyGram chose USDC over Ripple's RLUSD for its new Visa card, and Circle's dual federal-state stablecoin charter explains why.
U.S. Bank moved its USBDC stablecoin across borders on Stellar's public blockchain, proving a $683 billion lender can settle in seconds with full.
Coinbase and Moov are bringing stablecoin payments to 1,000+ community banks, letting institutions settle digital dollars through systems they already use.
U.S. Bank has piloted its own stablecoin, USBDC, on Stellar, as banks challenge Tether and Circle's 94% grip on the stablecoin market.
Iran now routes nearly $10 billion in crypto through stablecoins like Tether to dodge sanctions, even as Tether freezes over $515 million in suspicious.
Circle is acquiring Singapore's Tazapay for $400 million to build stablecoin payment infrastructure across 100+ markets, where 60% of transactions already.
Tether's USDT stablecoin has no single global regulator, leaving its $183 billion market navigating a fragmented patchwork of US, EU, and local rules.
Crypto exchanges risk destroying user experience by growing too fast; liquidity depth, not marketing spend, determines which platforms survive long-term.
USDC now handles 60 to 70 percent of on-chain stablecoin transactions despite holding just 24 percent of total market supply, signaling a.
37 European banks are launching a euro stablecoin on public Ethereum, targeting a market where dollar tokens still hold over 99% of global supply.
KuCoin's new KCUSD pays up to 4% yield on stablecoins, but its own terms confirm it is not a stablecoin and offers no claim on any underlying asset.
Ethereum's 2027 Hegóta upgrade will let users pay gas fees with stablecoins like USDC, eliminating the need to hold ETH just to move funds.
DBS and Citi's new tokenized deposit pilot rivals stablecoin speed for cross-border payments, but public stablecoins remain the only open, accessible.
Ethereum may let users pay gas fees in stablecoins by 2027, but the proposal faces unresolved security risks and no confirmed launch date.
Tether holds $141 billion in U.S. Treasuries, making the stablecoin issuer a larger government debt buyer than most sovereign nations.
USDC now handles 67% of stablecoin transaction volume, outpacing Tether where it counts most: regulatory trust, institutional backing, and DeFi dominance.
Circle minted $250 million in USDC to boost stablecoin liquidity amid crypto volatility, aiming to stabilize DeFi markets and attract institutional.
B2B stablecoin payment volume has surged 60x in two years, hitting $6 billion monthly as regulatory clarity turns stablecoins into standard business.
Tether froze $42.4M in USDT without a warrant, and a new lawsuit argues the company profits from the freeze while hiding this power from users.
Twenty-one major banks, including Goldman Sachs and Citi, plan to launch a regulated stablecoin by mid-2027 to rival Tether and Circle.
Twenty-one major banks plan a USD stablecoin by 2027, but Tether and Circle's liquidity moat may be too deep for compliance alone to overcome.
Tether's USDT stablecoin has expanded to Stellar as the network's stablecoin payment volume surges 72% year-over-year to $5.5 billion.
Two Thai nationals sued Tether over a $42.4M USDT freeze done without a warrant, raising key questions about stablecoin issuer power over secondary-market.
Singapore's stablecoin payments let merchants receive SGD instantly while customers pay in USDC, quietly turning crypto into a practical retail tool for.
The U.S. Treasury is drafting the first federal stablecoin rules under the GENIUS Act, and public comments will shape whether USDC and USDT go mainstream.
SWIFT's new blockchain ledger and stablecoins like USDC and USDT now offer three distinct cross-border payment models, each with different costs, access.
Banks entering the $304 billion stablecoin market may shrink their own lending capacity, as reserves backing stablecoins cannot be loaned out, raising.
The IMF, BIS, and ECB revealed competing stablecoin visions at Jackson Hole, disagreeing on whether private, bank, or central-bank money should anchor.
Stablecoins are becoming loan collateral at Russia's Sberbank and sanctions-evasion tools in South Korea, exposing a $204 million gap in global crypto.
Sberbank plans to accept Bitcoin as stablecoin loan collateral, with Ethereum and USDT to follow once Russia's central bank grants approval.
TRON became the only blockchain at Brazil's law enforcement forum, where it holds 51% of global USDT supply and is shaping stablecoin regulation.
Major banks are racing to launch stablecoins on public blockchains, defying BIS warnings, as fears grow that $6 trillion in deposits could flee.
Circle's USDC surpassed 73.7 billion tokens in circulation, backed by 74 billion dollars in reserves, as stablecoin demand accelerates globally.
Circle's USDC stablecoin will appear on Chelsea FC's shirt front from 2026/27, marking crypto's biggest Premier League sponsorship at roughly £45 million.
Stablecoin giants like Tether hold $115B in U.S. Treasuries, and Washington is now counting on them to help finance America's $40 trillion debt.
South Korea's new stablecoin export system lets overseas buyers pay in crypto while exporters receive Korean won, cutting wire transfer costs and delays.
Stablecoin supply hit $308 billion despite the GENIUS Act rulebook missing its July deadline, leaving issuers scrambling before January 2027 enforcement.
The UK is giving the Bank of England a stablecoin innovation mandate as 39 banking groups launch a $21.8 trillion blockchain network to fight back.
Tether has frozen $5.79 billion in USDT across 9,909 blacklisted addresses, and even self-custody cannot protect users from an issuer freeze.
Revolut's euro stablecoin EURR launches ahead of 37 banks racing to release a competing token, giving the 80-million-user fintech a critical head start.
USDT and USDC now rank among crypto's top six assets, representing $257 billion in circulating value that powers trading, DeFi, and cross-chain capital.
Revolut's new euro stablecoin, EURR, will launch in three European countries, challenging dollar-dominated tokens like USDT under MiCA's regulatory.
Stablecoins are collapsing the six-step correspondent banking process into one programmable settlement layer, cutting costs and delays for cross-border.
USDC controls 99% of AI payments as agentic stablecoin transfers hit 8.7 million in a single week, with average transaction values dropping to just 4.
TRON hit 400 million accounts and $29 trillion in stablecoin transfers, revealing how blockchain networks are quietly replacing traditional payment.
UAE's Zand bank links its Dirham stablecoin with USDC, creating a regulated corridor for cross-border payments as the stablecoin market nears $300 billion.
Yield-bearing stablecoins like USYC earn money market returns while staying liquid, reshaping how crypto treasuries manage idle capital.