Elon Musk's X is exploring stablecoins to pay influencers and content providers
Conversations with X are ongoing, according to a person who also works with other social media platforms testing stablecoins to pay influencers. Source:CoinDesk
Bitcoin.com integrates UAE-registered US dollar stablecoin into self-custodial wallet
The integration expands access to USDU, the UAE’s first central bankregistered US dollar stablecoin, as it builds distribution beyond institutional channels.…
OCC head promises final GENIUS rules by November
The US banking regulator released a 376‑page proposal in February, calling for public comment on rules to implement the stablecoin bill ahead of its January…
HSBC, Standard Chartered execute first live banking transaction on Swift’s 24/7 ledger
The crossborder transaction is Swift’s first in a pilot project as it tests settlement in its push to remain relevant as stablecoins and tokenized deposits…
Nexo launches regulated crypto-backed credit in Australia
Nexo introduced regulated, cryptocurrencybacked credit lines that allow users to access liquidity in Australian dollars or stablecoins by borrowing against…
US accounting board FASB proposes conditions for stablecoins as cash equivalents
The FASB said secondarymarket liquidity alone would not be enough, with holders needing direct issuer redemption rights and onetoone liquid reserves.…
U.S. accounting-standards group proposes way to see stablecoins as 'cash equivalent'
The Financial Accounting Standards Board, a nonprofit that governs accounting practices, proposed that certain stablecoins should fit the bill as cashlike.…
Wyoming joins $15 billion LayerZero exodus with state stablecoin move
This is the first time a U.S. government entity has publicly replaced its blockchain infrastructure specifically on security grounds. Source:CoinDesk
HashKey taps Hong Kong's first regulated stablecoin to settle insurance and trade deals
Following institutional trials, the HKDpegged asset is being put to work to capture part of Hong Kong's $49 billion trade corridor with the United Arab…
Cash App's crypto support expands beyond bitcoin and USDC via MoonPay
Eligible Cash App users will be able to use their balances to purchase digital assets offered by MoonPay, which include ether, solana and stablecoin USDT.…
Visa looking for new stablecoin settlement partner after BVNK sale to Mastercard
Visa’s request for product (RFP) talks about the need to support a range of stablecoins. Source:CoinDesk
XRP slips below $1 even as a Korean regional bank adopts Ripple Payments
Jeonbuk Bank will use Ripple’s 24/7 crossborder payment service for business remittances, but it is unknown whether the flows will use XRP or Ripple’s RLUSD…