Tether Gold Treasury sits at the center of a $150 million plan by Prestige Wealth (PWM) to build a blockchain-native reserve backed by tokenized gold. The company closed a $100 million private placement led by Antalpha (ANTA) and added $50…
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China’s yuan stablecoin launched in 2025 in Kazakhstan?
China’s yuan stablecoin moved from talk to live use on September 17, when Hong Kong-based AnchorX launched AxCNH in Kazakhstan after obtaining a licence from local financial regulators. The token tracks the offshore yuan and runs on Conflux’s technology, tying…
European banks to launch euro stablecoin to counter US lead?
European banks are launching a joint effort to issue a euro-denominated stablecoin through a new Amsterdam-based company. The group includes nine major institutions, such as ING, UniCredit, and Danske Bank. Their goal is to challenge the dominance of U.S. dollar-backed…
Bastion raises $14.6 million with Coinbase leading investment
Bastion raised $14.6 million in fresh funding led by Coinbase Ventures, pushing its white-label stablecoin model further into the mainstream as payments and crypto firms seek simpler token launches and faster settlement. The company builds issuance, compliance, and wallet rails…
Is stablecoin startup Zerohash raising $104 million now?
stablecoin startup Zerohash raised $104 million at a $1 billion valuation, led by Interactive Brokers. The Chicago-based firm serves financial institutions that want crypto trading, tokenization, and stablecoin features. Morgan Stanley and Apollo Global Management also joined the round, with…
Can Tether win share in a US market led by Circle USDC?
Tether has taken a step that changes its position in the crypto market. After years of operating without a permanent base, the company set up its headquarters in El Salvador earlier this year. On Friday, founder Paolo Ardoino appeared in…
Could Tether introduce a US stablecoin with Bo Hines as CEO?
Tether announced the launch of its U.S. stablecoin, USAT, during an event in New York City, signaling a major shift for the firm after years of regulatory scrutiny. The new token will operate under the Genius Act, with Anchorage Digital…
Is Fireblocks ready to run a stablecoin payment system soon?
Stablecoins are moving into payments, and Fireblocks is stepping in with a network built for transfers and conversions at scale. The firm, valued at 8 billion dollars in 2022, says more than 40 participants are live at launch, including Bridge…
China Orders 7 Brokers Stop Stablecoin Research to Curb Rush
China’s financial regulators have taken decisive steps to temper enthusiasm for stablecoins, directing brokerages and think tanks to cease publishing research or hosting seminars on these digital assets. In late July and earlier this month, leading local brokerages received private…
Stablecoin support from Jamie Dimon while he avoids Bitcoin
Jamie Dimon recent comments show a clear, practical shift in how he discusses digital assets. In an interview with CNBC in late July 2025, the CEO of JPMorgan Chase said he is “a believer in stablecoins, believer in blockchain, not…