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Latest Stablecoins analysis and market intelligence from RWA Signal.

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Stablecoins

Boerse Stuttgart Digital brings SG-Forge’s euro stablecoin into regulated infrastructure

Boerse Stuttgart Digital has integrated EUR CoinVertible, a MiCA-compliant euro stablecoin issued by Societe Generale-Forge, into its regulated trading and custody infrastructure. This development represents the first time a bank-issued euro stablecoin has been onboarded into the Boerse Stuttgart Digital ecosystem. The integration leverages the existing two-decade partnership between Boerse Stuttgart Group and Societe Generale to enhance institutional access to regulated digital assets. By incorporating a MiCA-compliant asset, the firm strengthens its position within the European digital finance landscape while providing institutional clients with a reliable, bank-backed stablecoin option. This move is significant for the RWA market as it demonstrates the practical application of MiCA regulations in bridging traditional banking infrastructure with blockchain-based assets. It signals a growing trend of institutional adoption where established financial entities utilize regulated stablecoins to facilitate secure, on-chain transactions. Ultimately, this integration serves as a blueprint for how bank-issued digital assets can be seamlessly embedded into existing institutional trading frameworks.

#Stablecoins #MiCA #SocieteGenerale

structuredretailproducts.com·Jul 27, 20267.5

Stablecoins

XRP Tests $1.10 Level as Ripple MiCA License and ETF Inflows Shape Outlook

Ripple is actively positioning itself for institutional adoption through a combination of regulatory milestones and strategic infrastructure investments. The company reportedly secured a full Crypto-Asset Service Provider (CASP) authorization under the EU's MiCA framework, potentially granting it passporting rights across 27 European jurisdictions. Simultaneously, Ripple has invested in the compliance firm Notabene to integrate its upcoming RLUSD stablecoin into enterprise-grade transaction networks, focusing on FATF-compliant 'travel rule' standards. These moves are designed to make Ripple's payment rails more attractive to banks and corporate entities by embedding regulatory compliance directly into the flow of funds. While XRP price action remains volatile near the $1.10 technical level, the ecosystem is expanding its utility beyond simple payments. Recent developments include the launch of an XRPL lending protocol and a reported milestone of over 1 million agentic transactions executed by AI. These efforts collectively signal a shift toward regulated distribution and institutional-grade settlement, aiming to move the XRP Ledger beyond its traditional identity.

#XRP #Stablecoins #XRPL

tokenpost.com·Jul 25, 20266.5

Stablecoins

Crypto Market Update: Senate Pressed for Action on CLARITY Act

Ripple has launched Ripple Mint, a dedicated platform enabling institutional clients to mint, redeem, and manage its U.S. dollar-pegged stablecoin, RLUSD. This infrastructure supports both manual and automated workflows, facilitating the integration of stablecoins into corporate payments and treasury management. Concurrently, Ondo Finance’s broker-dealer subsidiary, Oasis Pro Markets, received authorization to offer tokenized equities, ETFs, and mutual funds to U.S. investors under SEC and FINRA oversight. These developments represent a significant expansion of institutional-grade RWA infrastructure, moving beyond speculative assets toward functional financial tools. Ripple’s RLUSD has reached a market capitalization exceeding $1.8 billion, while Ondo’s platform has processed over $20 billion in volume. These milestones highlight the growing trend of traditional financial institutions adopting blockchain-based rails for asset management and settlement. The integration of these tools into existing brokerage systems underscores the maturation of the RWA market as it seeks to bridge the gap between legacy finance and digital asset efficiency.

#Ondo Finance #Stablecoins #TokenizedEquities

investingnews.com·Jul 25, 20268.0

Stablecoins

USDT Delisted in the EU: Why Tether Skipped MiCA - tech

As of July 1, 2026, MiCA-licensed exchanges across the European Economic Area (EEA) ceased offering USDT trading pairs, marking a significant regulatory shift for the world's largest stablecoin. Tether, with approximately $184 billion in circulation, opted not to pursue e-money token authorization under MiCA, citing objections to rules requiring 60% of reserves in EU bank deposits as incompatible with its operational scale. This decision has created a bifurcated market where EEA residents can legally hold USDT in self-custody but cannot trade it on regulated platforms within the bloc. The regulatory vacuum has notably shifted liquidity for European users towards decentralized exchanges (DEXs), a trend regulators are observing. Conversely, Circle's USDC, with an $80 billion market capitalization, has emerged as the dominant authorized e-money token in the EEA, having secured a French electronic money institution license that passports across all 30 member states. Tether, despite the delisting, strategically invested in MiCA-compliant European issuers like StablR and Quantoz, maintaining regulated exposure without subjecting its flagship token to the contested reserve mandates. This event underscores the profound impact of regional regulatory frameworks on global stablecoin adoption and market dynamics.

#Stablecoins #MiCA #Tether

tech-insider.org·Jul 24, 20269.0

Stablecoins

Bloomberg investigation examines Tether’s lobbying efforts ahead of GENIUS Act

A Bloomberg investigation has detailed Tether's extensive lobbying efforts to influence the development and passage of the U.S. GENIUS Act, the nation's first federal regulatory framework for payment stablecoins. The report alleges that Tether executives and advisers engaged with key figures in the Trump administration, including Commerce Secretary Howard Lutnick and adviser David Sacks, to shape specific provisions regarding foreign issuers. These negotiations reportedly focused on critical areas such as compliance requirements for overseas entities, reserve management rules, and the transition timelines for foreign-issued stablecoins entering the U.S. market. By analyzing court filings, financial disclosures, and interviews with officials, the investigation highlights how Tether sought to secure favorable regulatory conditions for its USDT stablecoin. The final version of the GENIUS Act reflects several adjustments made during these intense legislative debates, impacting how international issuers must operate within the U.S. financial system. This development is significant for the RWA market as it underscores the growing intersection between major stablecoin issuers and federal policy-making. The outcome of these lobbying efforts directly affects the competitive landscape for dollar-pegged assets and the broader integration of tokenized liquidity into the U.S. economy.

#Stablecoins #Regulation #Tether

AMBCrypto·Jul 24, 20267.5

Stablecoins

Circle Pushes a MiCA Fix That Could Bring Tether Back to Europe

Circle is advocating for a regulatory adjustment to the European Union's Markets in Crypto-Assets (MiCA) framework that would potentially allow Tether to resume operations within the region. Currently, MiCA imposes strict reserve and issuance requirements that have led major stablecoin issuers like Tether to limit their services for European users. By proposing a technical fix to the equivalence rules, Circle aims to create a pathway for non-EU stablecoin issuers to comply with local standards without needing to launch entirely new, region-specific tokens. This development is significant for the RWA market because it highlights the ongoing tension between global liquidity and localized regulatory compliance. If successful, this shift could stabilize the fragmented stablecoin landscape in Europe and provide a clearer roadmap for other RWA-backed assets to navigate cross-border legal frameworks. The move underscores the industry's push for interoperability as a prerequisite for the mass adoption of tokenized assets. Ultimately, this regulatory dialogue serves as a bellwether for how global jurisdictions will balance consumer protection with the operational realities of decentralized finance.

#Stablecoins #MiCA #Circle

BeInCrypto·Jul 24, 20267.5

Stablecoins

Goldman Sachs Backs CLARITY Act, but Banks Push Back

Goldman Sachs CEO David Solomon has publicly endorsed the CLARITY Act, arguing that the proposed legislation is essential for establishing a clear regulatory framework and market structure for digital assets. Solomon believes the bill will foster innovation and market stability, though he acknowledges that the current draft is not perfect. This stance contrasts sharply with other major banking leaders, including JPMorgan Chase CEO Jamie Dimon, who have expressed significant concerns regarding the bill. Critics from the banking sector argue that the legislation could grant crypto firms unfair regulatory advantages by allowing them to offer products like interest-bearing stablecoins without adhering to the same stringent consumer protections as traditional banks. The debate centers on whether companies providing bank-like services should be subject to equivalent oversight and capital requirements. Coinbase CEO Brian Armstrong has countered these concerns, suggesting that banks are lobbying to stifle competition from stablecoin rewards. As negotiations continue in Congress, the bill aims to delineate the specific jurisdictional responsibilities of the SEC and the CFTC regarding digital assets. The outcome of these discussions is critical for the RWA market, as it will determine the regulatory environment for tokenized deposits and yield-bearing assets.

#Stablecoins #JPMorgan #GoldmanSachs

Blockonomi·Jul 23, 20267.5

Stablecoins

LayerZero, Keeta enable tokenized bank deposits across Ethereum, Solana and Base

LayerZero and Keeta have announced a strategic partnership to facilitate the native transfer of tokenized bank deposits across multiple blockchain networks, including Ethereum, Solana, and Base. By leveraging LayerZero’s omnichain interoperability protocol, this integration allows financial institutions to move tokenized assets seamlessly between disparate ecosystems without relying on fragmented liquidity pools. This development addresses a critical friction point in the RWA market, where the inability to move regulated assets across chains has historically hindered institutional adoption. The collaboration aims to enhance the utility of tokenized deposits by ensuring they remain functional and liquid regardless of the underlying blockchain infrastructure. As financial institutions increasingly explore tokenization to improve settlement efficiency, cross-chain interoperability becomes a foundational requirement for scaling these products. This move signals a shift toward a more interconnected RWA landscape where bank-issued tokens can operate across the most prominent public and private networks. Ultimately, the partnership underscores the growing necessity for robust cross-chain messaging standards to support the institutional-grade tokenization of traditional financial instruments.

#TokenizedDeposits #Interoperability #CrossChain

The Block·Jul 23, 20267.5

Stablecoins

Boerse Stuttgart Adds SG-FORGE’s Euro Stablecoin

Boerse Stuttgart Digital has integrated Societe Generale-FORGE’s EUR CoinVertible stablecoin into its trading and custody infrastructure, marking the first time a bank-issued, MiCAR-compliant euro stablecoin has been onboarded into its regulated ecosystem. This move represents a strategic shift for the infrastructure provider, which is prioritizing euro-denominated assets over the Web3-native, dollar-based stablecoins that dominate most crypto platforms. The integration builds upon a long-standing partnership between the Boerse Stuttgart Group and Societe Generale, which previously collaborated on the Seturion settlement platform for tokenized securities. By utilizing a bank-issued stablecoin, Boerse Stuttgart Digital aims to provide institutional clients with a secure, compliant instrument for settlement and payments. This development underscores a broader industry trend where regulated financial institutions are positioning themselves as the primary architects of digital asset infrastructure in Europe. The initiative is framed as a matter of European strategic sovereignty, reducing reliance on non-European stablecoin alternatives. Ultimately, this partnership serves to bridge the gap between traditional capital markets and the emerging digital asset economy through a fully regulated framework.

#Stablecoins #BoerseStuttgart #Euro

marketsmedia.com·Jul 23, 20268.0

Stablecoins

Clarity Act’s impact on Circle could be negative over the long term, Mizuho says

The proposed Clarity Act has advanced in the U.S. legislative process following the release of updated text by Republican lawmakers. Analysts at Mizuho Securities suggest that while the bill aims to provide a regulatory framework for stablecoins, its long-term implications for issuers like Circle could be negative. The legislation seeks to establish federal oversight for payment stablecoin issuers, potentially imposing stricter compliance requirements than those currently faced under state-level regimes. For the broader RWA market, this development highlights the ongoing tension between fostering innovation and implementing rigorous federal supervision. If enacted, the bill would significantly alter the operational landscape for stablecoin providers, who serve as the primary liquidity rails for tokenized assets. The potential for increased capital requirements and restricted asset backing could impact the growth trajectory of the sector. This legislative movement underscores the critical role of regulatory clarity in shaping the future of institutional participation in blockchain-based financial products.

#Stablecoins #Circle #USDC

The Block·Jul 22, 20267.5

Stablecoins

Augustus raises $180 million funding as it chases a full US bank charter and Fed account

Augustus, formerly known as Ivy, has secured $180 million in Series B funding at a $1 billion valuation, led by Tiger Global with participation from prominent fintech founders. The startup is pursuing a full-service national bank charter from the Office of the Comptroller of the Currency, having already received preliminary conditional approval in May. Unlike the limited national trust charters held by many digital asset firms, a full bank charter would allow Augustus to accept deposits, issue loans, provide FDIC insurance, and access a Federal Reserve master account. This direct access to the Fed would enable the company to clear U.S. dollars independently, bypassing the need for correspondent banking intermediaries. Founded in 2022, the company has already established a regulated European presence through its subsidiary, Ivy Pay Oy, which provides crypto on-and-off ramps and euro clearing services for clients like Kraken. This strategic move toward a U.S. banking license represents a significant effort to bridge traditional finance and digital assets by integrating institutional-grade regulatory compliance. The successful funding round highlights strong investor confidence in the company's ambition to build a Global Dollar Bank capable of operating at the intersection of legacy banking and blockchain-based payments.

#Stablecoins #Payments #Fintech

Ledger Insights·Jul 21, 20267.5

Stablecoins

Soil Launches First RWA Yield Protocol for RLUSD on XRP Ledger

ORQO Group has launched Soil, a compliant real-world asset yield protocol, on the XRP Ledger to provide fixed on-chain returns for holders of Ripple’s RLUSD stablecoin. This integration marks the first time RLUSD holders can access yield-generating opportunities directly on the ledger, signaling a strategic expansion for the asset. ORQO Group, which manages approximately $300 million in assets and holds regulatory licenses in Poland and Malta, is leveraging this deployment to bolster its global presence from its new headquarters in Abu Dhabi. The move coincides with the XRP Ledger’s recent growth in tokenized asset value, where it has surpassed Solana in specific metrics. To support institutional adoption, the XRP Ledger recently activated a permissioned DEX amendment, enabling restricted trading venues for approved participants. Ripple is simultaneously collaborating with Aviva Investors to explore the tokenization of traditional fund structures on the network. This development highlights the ongoing evolution of the XRP Ledger from a cross-border payment rail into a robust infrastructure for regulated financial products.

#XRP Ledger #Stablecoins #RLUSD

coinmarketcap.com·Jul 21, 20267.5

Stablecoins

Startale Group Joins SBI and DigiFT to Tokenize a $1.3 Billion Equity Fund With JPYSC Stablecoin

SBI Group, DigiFT, and Startale Group have successfully completed a proof-of-concept trial demonstrating the use of JPYSC, a trust-based Japanese yen stablecoin, to manage the full lifecycle of tokenized securities. Conducted on an Ethereum testnet, the initiative focused on the SBI Japan High Dividend Equity Fund, which manages approximately $1.3 billion in assets. The trials successfully replaced traditional, multi-day banking settlement cycles with near-instant settlement for fund subscriptions. Furthermore, the project utilized smart contracts to automate dividend distributions directly to investor wallets, eliminating manual administrative overhead. This development is significant for the RWA market as it addresses the persistent bottleneck where tokenized assets are often hampered by slow, legacy cash settlement infrastructure. By integrating a regulated stablecoin as the settlement layer, the partners have created a blueprint for more efficient, programmable capital markets. The collaboration aims to enhance the global competitiveness of Japan's financial sector while paving the way for future integration with institutional DeFi platforms.

#Stablecoins #TokenizedFunds #DigiFT

cryptonews.net·Jul 21, 20268.0

Stablecoins

South Korea eyes September launch for second phase of CBDC pilot: Report

The Bank of Korea is preparing to launch the second phase of its Project Hangang wholesale central bank digital currency (CBDC) pilot as early as September. This expansion increases the number of participating financial institutions from seven to nine, with the addition of regional lenders Kyongnam Bank and iM Bank. The pilot utilizes a blockchain-based wholesale CBDC as the primary settlement asset for deposit tokens issued by commercial banks. Building on the first phase, which saw 81,000 participants complete over 114,000 transactions, the new stage focuses on commercialization and practical utility. Key features being tested include government subsidy disbursements, peer-to-peer transfers, and biometric authentication. By integrating merchant partnerships, the project aims to bridge the gap between institutional blockchain infrastructure and everyday consumer payments. This development is significant for the RWA market as it demonstrates a sovereign-led framework for tokenized bank deposits, setting a precedent for how national currencies can be digitized for scalable, real-world financial applications.

#TokenizedDeposits #SouthKorea #CBDC

Cointelegraph — Tokenization·Jul 20, 20268.5

Stablecoins

What’s next as GENIUS Act misses first major rulemaking deadline?

The U.S. GENIUS Act, a landmark framework for stablecoins, missed its initial July 18, 2027, deadline for finalizing essential regulatory rulemakings. Although six regulators have introduced 10 proposals, none have reached completion, leaving critical areas like Bank Secrecy Act and sanction compliance for FDIC-supervised issuers still open for public comment. Despite this delay, Federal Reserve Chairman Kevin Warsh indicated that final rules are expected to be issued shortly. The legislation is designed to establish reserve requirements and anti-money laundering provisions to foster innovation while protecting consumers. Since the Act's passage, the stablecoin market has expanded from $250 billion to over $300 billion in total supply. Major financial institutions like Fidelity have entered the space, and platforms such as Phantom have seen stablecoin balances grow by 20% to $2.82 billion. This regulatory uncertainty remains a focal point for the banking industry, which has expressed concerns regarding potential yield loopholes and regulatory arbitrage. The successful implementation of these rules is considered vital for the U.S. to maintain a leadership position in the global digital asset economy.

#Stablecoins #DigitalAssets #Regulation

AMBCrypto·Jul 18, 20268.5

Stablecoins

Bybit Emerges as Surprise Winner After $1.8B USDC Flees Binance Post-MiCA

Binance experienced $1.8 billion in net USDC outflows during Q2 2026, including $1.4 billion in June, following its failure to secure a MiCA license. This 19% decline in Binance's tracked USDC balance occurred alongside a 5.5% contraction in total USDC supply, representing approximately $4.3 billion in net redemptions from the broader ecosystem. Contrary to expectations that OKX would capture these flows, Bybit emerged as the primary beneficiary, increasing its USDC reserves by 45% from $450 million to $660 million. This growth was driven specifically by demand for USDC-margined perpetual contracts and options rather than spot trading. The shift highlights that regulatory uncertainty regarding MiCA compliance is prompting traders to migrate to platforms offering specific derivatives infrastructure. Despite these outflows, Binance maintains a dominant position, controlling 62% of combined stablecoin balances and 80% of CEX-hosted USDC. This trend underscores that stablecoin distribution is increasingly dictated by product-specific utility and jurisdictional risk management rather than simple market share migration.

#Stablecoins #MiCA #USDC

cryptorank.io·Jul 18, 20267.5

Stablecoins

Stablecoin News: WisdomTree Launches USDW Stablecoin With Dividend Payments for Tokenized Assets

WisdomTree has officially entered the stablecoin market with the launch of USDW, a digital asset issued by the New York-chartered WisdomTree Digital Trust Company. This launch follows the passage of the U.S. GENIUS Act, which provides a regulatory framework for digital dollar infrastructure. USDW distinguishes itself by offering dividend payments on eligible tokenized assets, which can be received directly in USDW or through reinvestment programs. The stablecoin currently supports tokenized products such as the Government Money Market Digital fund and operates on the Stellar blockchain. WisdomTree plans to expand the asset to additional blockchain networks in the future to increase accessibility. Treasury Secretary Scott Bessent has projected that the broader stablecoin market could reach a valuation of $3.7 trillion by 2030. This development marks a significant step in integrating traditional financial dividend structures with blockchain-based stablecoin technology, signaling a maturing landscape for institutional RWA adoption.

#Stablecoins #Stellar #Tokenization

coinmarketcap.com·Jul 18, 20267.5

Stablecoins

BlackRock Urges OCC To Scrap Tokenized Reserve Cap

BlackRock submitted a formal 17-page comment letter to the Office of the Comptroller of the Currency on May 2, 2026, challenging restrictive draft rules regarding stablecoin reserve management under the GENIUS Act. The firm specifically urged the agency to remove caps on tokenized reserves and requested that exchange-traded funds investing in eligible assets be granted the same quantitative safe harbor status as government money market funds. By advocating for the principles-based 'Option A' over mandatory daily minimums, BlackRock aims to provide issuers with greater flexibility in managing liquidity and reserve diversification. The letter also proposed expanding the list of eligible reserve assets to include U.S. Treasury floating-rate notes with up to two years of maturity. This intervention is significant as it highlights the tension between traditional financial institutions and regulators attempting to standardize the rapidly evolving stablecoin sector. With a federal compliance deadline looming in January 2027, BlackRock's recommendations could fundamentally shape the operational framework for stablecoin issuers. The firm's active involvement underscores its strategic commitment to integrating its Select Treasury Based Liquidity Fund into the broader digital asset ecosystem.

#Stablecoins #BlackRock #Regulation

coinmarketcap.com·Jul 18, 20268.5

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