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Bullish is providing USD.AI with $100 million in stablecoin liquidity for loans backed by AI computing infrastructure, according to Cointelegraph. Terms including duration, rates and collateral valuation were not disclosed.
Cointelegraph reports that Bitcoin’s rebound to $80,000 is lifting crypto-related stocks. Circle, Strategy and Solana highlight the roles of capital markets, stablecoins and onchain growth in the sector’s recovery.
SBI is buying a 20% stake in Indonesian online brokerage Ajaib for $270 million. The Japanese financial group plans to use the investment to expand a yen stablecoin and build a blockchain-based cross-border settlement network in Southeast Asia.
Visa is expanding its South Korean stablecoin payments strategy through Dunamu, operator of the country’s largest exchange, Upbit. CoinDesk says the move follows a separate agreement with Shinhan Financial.
Visa and Dunamu, Upbit’s parent company, are exploring stablecoin payments, remittances and AI commerce. Several projects are under review, including Open Standard’s proposed OUSD, but no launch details were announced.
Public Citizen estimates investors lost $4.7 billion through Trump-linked crypto ventures, while saying USD1 stablecoin holders have not suffered major losses. The claims draw attention to WLFI, USD1 and TRUMP.
Mirae Asset founder Park Hyeon-joo outlined plans for a $109 billion crypto business after acquiring Digital X, formerly Korbit. The strategy includes stablecoins, real-world assets and security token offerings.
A bill due before the House of Lords in September would give the Bank of England a legal duty to foster stablecoin innovation, while keeping financial stability as its primary objective, Decrypt reports.
Dallas Fed economists said tokenized deposits could make bank funding less stable, potentially leading lenders to use more expensive financing and raising US credit costs. The comments were reported by Cointelegraph.
Banks are developing tokenized deposits to offer stablecoin-like payment features while keeping funds on their balance sheets. Falcon Finance’s Artem Tolkachev said the central issue is preserving deposits that support bank lending.
Shinhan Financial Group and Visa will test stablecoin issuance, remittance and redemption in South Korea, alongside B2B settlement applications and AI-powered payment models.
Shinhan Financial Group will use Visa’s platform to test stablecoin issuance, remittance, redemption and B2B settlements, while also developing AI-powered payment models, CoinDesk reports.
CoinDesk argues that the evidence does not substantiate banks’ opposition to stablecoin rewards, highlighting an ongoing debate over how such programs should be assessed.
Revolut has launched its euro-pegged EURR stablecoin for selected customers in Denmark, Poland and Portugal. A Luxembourg subsidiary of Stripe holds the reserves backing the token.
Revolut is beginning a limited European rollout of its EURR stablecoin, with selected customers in Denmark, Poland and Portugal included in the initial phase, CoinDesk reported.
Revolut has launched the Bridge-issued EURR euro stablecoin in three European markets. The token will work across multiple blockchains and with external wallets, while broader availability across the EEA is expected later this year.
