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Historic payment network Western Union says it plans to launch its own stablecoin on the Solana Network in 2026. The new dollar-backed stablecoin would let its 100 million customers send money internationally, detached from local fiat currency fluctuations and risks. JUST IN: Western Union to launch stablecoin on Solana in 2026. pic.twitter.com/w0rJDyqVMs — Watcher.Guru (@WatcherGuru) October 28, 2025 Per Western Union’s Tuesday announcement, the U.S. Dollar Payment Token, or USDPT, will be built on the Solana blockchain and issued by Anchorage Digital Bank. The digital token is expected to launch in the first half of 2026, and customers will be able to access it through Western Union’s partner exchanges. The Solana layer-1 blockchain network is home to plenty of successful stablecoins, and Western Union’s coin would arguably be one of the most important ones out there. “We are a long way from the telegraph, but the idea of connecting people and using technology to do ...

The world’s largest crypto exchange platform by trading volume is adding support for a new layer-1 blockchain focused on stablecoins. In a new announcement, Binance says that it will be adding support for Plasma (XPL), a proof-of-stake (PoS) layer-1 optimized for large-scale stablecoin payments that is compatible with Ethereum (ETH). “Binance is excited to announce that Plasma (XPL) will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, Binance Margin, and Binance Futures.” News of the listing preceded a massive downswing for the crypto asset, as it went from a peak of $1.54 earlier in the day to a price of $0.721. XPL has since recovered and is valued at $0.895 at time of writing, a 31% decrease during the last 24 hours. According to its official whitepaper, the protocol offers zero-fee transfers of Tether (USDT), the largest stablecoin by market cap, and is built around the principle that stablecoins deserve premium ...

Nubank’s stablecoin payments will allow customers to pay with dollar-pegged stablecoins directly through their Nubank credit card, right now. The digital bank announced this integration at Meridian 2025, and it’s marking a pretty significant step in Brazil cryptocurrency adoption along with blockchain banking evolution. This development brings stablecoin payments into mainstream banking services across Latin America’s largest economy, even as some competitors are still planning their moves. Nubank Integrates Stablecoin Payments into Credit Cards in Brazil Nubank purple credit cards showcase stablecoins – Source: Nubank The Nubank stablecoin payments announcement actually represents a major shift in how Brazilian consumers can use their Nubank credit card for everyday transactions. This blockchain banking initiative was revealed during the Meridian 2025 conference, where the bank outlined its vision for combining digital assets with traditional banking infrastruct...

Ripple Labs announced a major partnership on Friday with Japan’s top financial services conglomerate, SBI Holdings, to distribute RLUSD stablecoin. The fintech firm will begin rolling out the RLUSD stablecoin to the Japanese financial institution from early 2026. The stablecoin market is valued at $300 billion and is projected to grow to a trillion in the coming years. The Japanese conglomerate reviewed the pros and cons for nearly two years before announcing its collaboration with Ripple Labs. Also Read: Can XRP Hit a New Peak of $4 After September’s Rate Cut? Both companies signed a memorandum of understanding (MOU) for licensing under the Electronic Payment Instruments Exchange Service Provider. The issuance and distribution of the RLUSD stablecoin to Japan’s SBI Holdings from Ripple Labs will commence in 2026. Stablecoins are now becoming a key part of the global financial infrastructure and are receiving high institutional demand globally. Several leading banks in the U...

The company behind the second-largest USD-pegged stablecoin by market cap is naming its price for its upcoming US initial public offering (IPO). According to a Reuters report, USDC-issuer Circle says it is aiming for a $7.2 billion valuation in its upcoming IPO – about $28 per share – partially because of the current administration’s friendlier outlook on crypto regulations. US dollar-pegged stablecoins aim to maintain a 1:1 value with the US dollar. Tether’s USDT is the largest USD-pegged stablecoin by market value. Says Chief Investment Officer of Running Point Capital, Michael Ashley Schulman, “Issues regarding memecoin hype and more specifically Trump’s ventures into a namesake coin should not directly affect the outlook for stablecoins backed by hard currency.” According to the widely followed pseudonymous crypto analyst The Flow Horse, the Circle IPO valuation is “cheap.” “Circle IPO seems interesting to me....

David Sacks, the “crypto czar,” hosted a press conference alongside Representative French Hill, Senator John Boozman, Senator Tim Scott, and Representative GT Thompson to assure the world that they hope to advance stablecoin and cryptocurrency market structure legislation in both the House and the Senate in the coming months. The congressmen indicated that the market structure bill was likely to resemble the earlier FIT 21 bill, which would make the Commodity Futures Trading Commission (CFTC) the principal market regulator for any cryptocurrency that fit its broad definition of decentralized. However, certain roles would be preserved for the Securities and Exchange Commission (SEC) .  Additionally, the congressmen suggested that the stablecoin bill would resemble the bill recently introduced by Senator Bill Hagerty. This legislation will reportedly make the Federal Reserve and the Office of the Comptroller of the Currency (OCC) the regulators who would oversee diffe...

A self-described Fantom maximalist has alleged that ‘loyal, OG stakers’ of at least 200 million fantom tokens (FTM) experienced a forced liquidation to the benefit of the Fantom Foundation. He somehow claimed to have found ‘the biggest rug pull on Fantom ever’ even though he offered no blockchain evidence. As if the story wasn’t difficult enough to believe, he further claimed that this ‘rug pull’ was funding Fantom’s assistance of an entirely new blockchain, Sonic. To start, there are a few things that are certainly true, without the above conjecture. Fantom is indisputably committed to a new blockchain, Sonic. Furthermore, Fantom is pegging FTM with a 1:1 convertibility promise for S, Sonic’s new proprietary token. The well-funded Fantom Foundation is also contributing 200 million FTM and promising a 100 million airdrop of S tokens to hype the launch. Fantom ‘stable’ coin doubles in price overnight Returning to the Fantom maxi’s incredible...

Congresswoman Maxine Waters raised concerns over Meta’s recent trademark filings related to crypto, seeking clarification on the company’s plans in web3. Rep. Maxine Waters (D-Calif.) sent a letter to Meta executives, seeking answers about Meta’s apparent intention to expand its involvement in the crypto ecosystem. Waters, who serves as the top Democrat on the House Financial Services Committee, conveyed her concerns through a letter addressed to Meta’s top executives, including CEO Mark Zuckerberg and COO Javier Olivan. The letter delves into inquiries about Meta’s strategic direction in web3 and explores its stance on stablecoin initiatives following Meta’s submission of five trademark applications related to crypto and blockchain products with the U.S. Patent and Trademark Office. “With its initial filings on Mar. 18, 2022, Meta’s application submissions as of Jan. 22 appear to represent a continued intention to expand the compan...

An attempt to withdraw USDR stablecoins amid a liquidity crunch appears to have gone horribly wrong. During yesterday's real-estate-backed U.S. dollar stablecoin Real USD (USDR) crisis, a trader appears to have swapped 131,350 USDR for 0 USD Coin (USDC), resulting in a complete loss on investment. According to the October 12 report by blockchain analytics firm Lookonchain, the swap occurred on the BNB Chain through decentralized exchange OpenOcean, at a time when USDR depegged from par value by nearly 50% due to a liquidity crunch. A maximal extractable value (MEV) bot subsequently picked up the discrepancy, netting a total of $107,002 in profits through an arbitrage trade.  During periods of poor liquidity, slippage on DEXs can reach as high as 100%. In September 2022, Cointelegraph reported that a trader attempted to sell $1.8 million in Compound USD (cUSDC) through Uniswap DEX V2 and only got $500 worth of assets in return. An MEV, too, in this incident, performed an arbitrag...

"The lack of real-world applications for blockchain has led to low demand for non-USD stablecoins," e-Money wrote. According to a post on January 9, e-Money — a stablecoin project in the Cosmos ecosystem — said it would discontinue the issuance of its euro stablecoin EURR effective March 6, 2023. In explaining the decision, e-Money wrote:  "The lack of real-world applications for blockchain has led to low demand for non-USD stablecoins. The upcoming European MiCA legislation is expected to hinder the scalability of Euro-backed stablecoins and limit business opportunities in the sector. European MiCA legislation in its current form favors commercial banks as future issuers of Euro stablecoins, hurting innovation in the European Union." Until the deadline, users can redeem their EEUR by swapping their stablecoin s for digital assets such as OSMO, ATOM, or USD Coin (USDC) on Cosmos decentralized exchange Osmosis (OSMO). For amounts over 100,000 EEUR, e-Money recom...