Industry News
Ant Group Eyes USDC Integration as It Expands Global Payments. Jack Ma’s Ant Group is reportedly preparing to adopt Circle’s USDC stablecoin on its proprietary blockchain once U.S. regulatory compliance is achieved, in a move to enhance cross-border payment and treasury services.
Bullish Exchange Migrates to Solana Stablecoins for Institutional Operations. The regulated crypto exchange with over $1.4 trillion in trading volume is shifting its custody, payments, trading, and settlement systems to Solana’s high-speed blockchain, using Solana-native stablecoins as core transaction rails.
Shanghai Regulator Signals Policy Shift by Studying Stablecoins. Shanghai’s state assets regulator held a special meeting to explore strategic responses to stablecoins and digital currencies, marking a notable change in tone as Chinese companies urge authorities to permit yuan-backed stablecoins via Hong Kong’s new licensing framework.
Stablecoin Startup Agora Secures $50M to Launch White-Label Dollar Tokens. Paradigm led a $50 million Series A into Agora to accelerate its platform that lets fintechs and enterprises issue their own branded, fully reserved stablecoins without building in-house infrastructure.
Monad Foundation acquires Portal. The layer-1 blockchain project bought stablecoin infrastructure provider Portal (which handles millions in daily stablecoin settlements) to integrate on-chain payment rails ahead of Monad’s mainnet launch, with Portal’s founder joining as Head of Payments and Stablecoins.
Circle and OKX partner on zero-fee USDC conversions. Circle teamed up with crypto exchange OKX to let OKX’s 60+ million users swap USDC and USD 1:1 with no fees, simplifying on/off-ramps and boosting stablecoin liquidity on the platform.
Opera’s MiniPay links with Noah for global-to-local stablecoin pay. Opera debuted a partnership between its non-custodial MiniPay wallet and fintech Noah to let users receive funds via ACH/SEPA into virtual USD/EUR accounts that auto-convert to stablecoins, then spend locally via rails like M-Pesa and Pix without intermediaries.
VNX launches non-USD stablecoins on Base, European tokenization platform VNX expanded to Coinbase’s Base L2 network and rolled out three new fiat-backed stablecoins, VNX Euro (VEUR), VNX Swiss Franc (VCHF), and VNX British Pound (VGBP), marking the first CHF and GBP stablecoins on Base and diversifying stablecoin currency options.
Ripple Partners with BNY Mellon to Safeguard RLUSD Stablecoin Reserves. The fintech firm selected BNY Mellon as primary custodian for reserves backing Ripple USD (RLUSD), an NYDFS-regulated, enterprise stablecoin designed to improve cross-border payments for institutions.
Australia Launches 24 Pilots for Tokenized Asset Settlement and CBDC. The Reserve Bank of Australia’s Project Acacia selected 14 participants to test tokenized bonds, trade receivables, and carbon credits in 19 live pilots using stablecoins, bank deposit tokens, and a pilot wholesale CBDC across multiple DLT platforms.
Dubai Kicks Off Real Estate Tokenization in $16B Market Push by 2033. Dubai’s land authorities unveiled the Middle East’s first real estate tokenization pilot, aiming to enable fractional property investments on blockchain and projecting AED 60 billion (~$16B) in tokenized property market size within a decade.
Ondo Finance to acquire broker for tokenized stocks, DeFi firm Ondo Finance agreed to acquire SEC-regulated broker Oasis Pro in a bid to launch tokenized stock trading in the U.S., pending regulatory approval, marrying licensed brokerage with on-chain asset infrastructure.
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