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The UK House of Lords backed an amendment requiring the Treasury to develop a digital-asset strategy covering cryptoassets, stablecoins, tokenized securities and digital financial infrastructure, Cointelegraph reported.
MoneyGram is rolling out a Visa stablecoin debit card as it expands blockchain-based payments. The move follows rival Western Union and signals intensifying competition between remittance companies exploring stablecoin-enabled services.
MoneyGram is rolling out a Visa card that lets customers hold dollars and spend from a stablecoin-backed balance. CoinDesk reported the product, though no details were provided on supported stablecoins, markets, or timing.
Bitcoin Magazine reports that Iran continues to use Bitcoin to help keep its economy stable. Business and regime insiders reportedly described using the cryptocurrency to circumvent transactions as a tested method.
Bitrace estimates Xinbi-linked holdings targeted in Tether’s crackdown at more than $45 million. CryptoSlate reports that the sanctioned marketplace has announced plans to use USDD exclusively, shifting toward a decentralized stablecoin.
US Bank tested its proprietary USBDC stablecoin in a transfer between North American and European entities using the public Stellar blockchain, Cointelegraph reported. The pilot connects institutional stablecoin activity with the Stellar network and XLM.
The euro’s onchain presence remains far below the dollar’s, with euro-pegged stablecoins totaling €711 million and less than 1% of supply. RockawayX’s Ryan Connor points to missing DeFi infrastructure and emerging MiCA-regulated rails.
PayPal is expanding its stablecoin infrastructure through PYUSDx, a developer platform for issuing custom tokens backed by PayPal USD (PYUSD). M0 and MoonPay are helping develop the platform, CoinDesk reported.
U.S. Bank completed a live cross-border payment transaction while exploring its USBDC stablecoin for treasury payments, liquidity management and collateral. CoinDesk reported that the test represents another step toward a possible stablecoin launch.
Jack Dorsey’s Block is seeking a US trust bank charter for proposed Builders Bank. The institution would offer federally supervised custody for Bitcoin and stablecoins but would not accept deposits or issue loans.
Visa is pairing payment settlement data with onchain lending tools to help fintechs and stablecoin-linked card programs obtain working capital, Decrypt reports. Details on participants, loan volumes, timing and involved tokens were not disclosed.
Visa is incorporating onchain credit into its stablecoin card business while combining VisaNet settlement data with blockchain lending. Cointelegraph reports that stablecoin payment volume on Visa’s network has risen nearly 200% year over year.
Circle has agreed to buy cross-border payments firm Tazapay for $400 million, CoinDesk reported. The deal could provide regulated last-mile infrastructure linking stablecoins with traditional local banking systems.
Visa wants blockchain lenders to use VisaNet data to extend credit to stablecoin issuers. Its stablecoin settlement volume has surpassed a $20 billion annualized run rate, up 15 times year over year.
Uzbekistan is testing a government bond-backed stablecoin for payments. Humo Digital will trial HUMO transactions with more than 20 merchants in a sandbox overseen by NAPP and the central bank.
