#Stablecoins

333 articles tagged #Stablecoins — curated RWA tokenization coverage.

#Tokenization #MiCA #RWA #Regulation #BlackRock #USDC #Ethereum #Tether #DeFi #GENIUSAct

Onchain Dollar-Yield Buyers Are Crypto-Native, Not Banks, Arrakis Finds

A July 2026 forensic study by Arrakis Finance analyzed $91.3 billion in gross acquisitions across ten tokenized dollar-yield products, revealing that the market is currently dominated by crypto-native capital rather than traditional institutional investors. The research, which tracked 71,697 buyers, found that protocol and DAO treasuries account for two-thirds of the $12.4 billion in attributed volume, with zero participation from pension funds, banks, or traditional asset managers. Capital is highly concentrated, as 4% of wallets control 93% of the total value, indicating that product success relies on catering to a small group of large, on-chain allocators. Furthermore, over 93% of volume originates from primary subscriptions rather than secondary market activity, which limits the composability and liquidity of these assets. Geographically, 82% of activity occurs during EMEA and APAC hours, suggesting a strong preference among non-US investors for on-chain access to dollar-denominated credit. USDC remains the dominant settlement rail, capturing 80% of the total notional value. These findings suggest that issuers must prioritize operational features like transparent reporting and primary subscription mechanics over retail-focused marketing to align with the current, specialized buyer base.

#Stablecoins #USDC #DeFi

kucoin.comAdded: Oct 8, 20268.0

Infrastructure

Borrowing and lending against tokenized assets

The Stellar network is expanding its decentralized finance ecosystem by enabling lending and borrowing services through protocols like Blend and Templar. Users can leverage XLM or tokenized funds as collateral to borrow stablecoins, while liquidity providers earn interest by supplying assets to isolated lending pools. These pools are designed with independent risk parameters and automated liquidation mechanisms to ensure protocol stability. Stellar supports this infrastructure with a robust suite of developer tools, including SDKs and APIs, tailored for institutional integration. The network currently facilitates significant activity, processing approximately 95.9 million transactions monthly across 17 stablecoins. To accelerate adoption, the Stellar Development Foundation offers financial support through the Stellar Community Fund and Enterprise Fund, providing up to $500,000 in matching investments. This initiative aims to bridge traditional financial infrastructure with blockchain efficiency, leveraging a network of over 200 institutional partners. By providing regulated ramps and compliance-ready tools, Stellar seeks to foster a more inclusive and scalable global financial system.

#Stablecoins #Stellar #Tokenization

stellar.orgAdded: Oct 7, 20266.5

Infrastructure

Community bankers are interested in tokenized deposits, stablecoins, but not rushed

The Conference of State Bank Supervisors (CSBS) 2026 community bank survey reveals a measured interest in the adoption of tokenized deposits and stablecoins among smaller financial institutions. Data indicates that approximately 20% of community banks intend to offer tokenized deposits and 17% plan to provide stablecoins within the next 12 months. While these figures represent a notable interest in blockchain-based assets, they remain significantly lower than the adoption rates for artificial intelligence, which currently sees 61.8% of banks piloting or utilizing the technology. Over a five-year horizon, interest in tokenized assets grows only marginally, reaching 23% for deposits and 21% for stablecoins. A critical finding from the survey is that banks prefer to access stablecoin services through existing core service providers rather than direct partnerships with blockchain networks. This preference highlights a strategic reliance on established infrastructure to mitigate risks associated with new financial technologies. The findings underscore that while community banks are exploring RWA tokenization, they are prioritizing integration through familiar channels rather than aggressive, independent adoption.

#Stablecoins #TokenizedDeposits #BankingInfrastructure

ledgerinsights.comAdded: Oct 7, 20267.5

Infrastructure

Tether tapped by Kazakhstan’s central bank to explore stablecoin and tokenization

The National Bank of Kazakhstan (NBK) has entered into a memorandum of understanding with Tether and the Alatau City Authority to explore the development of a stablecoin pegged to the Kazakhstani tenge. This collaboration aims to evaluate the feasibility of asset tokenization and decentralized finance applications within the country's financial ecosystem. The parties intend to study international best practices and identify suitable real-world assets for pilot programs, specifically leveraging the Alatau city special legal regime. Tether’s Hadron platform is currently under consideration as the primary infrastructure for managing these tokenized assets. While the agreement is strictly exploratory and does not guarantee a formal issuance, it represents a significant step for Kazakhstan in integrating blockchain technology into its national financial framework. Tether, known for its $140 billion USDT stablecoin and $3.3 billion XAUT gold product, continues to diversify its business model into tokenization infrastructure. This partnership highlights the growing trend of central banks engaging with private stablecoin issuers to modernize domestic payment systems and explore the broader utility of RWA tokenization.

#Stablecoins #RWA #Tether

CoinDeskAdded: Oct 7, 20267.5

U.S. Treasuries

BlackRock's Nikhil Sharma pitches tokenized money market funds as instant collateral at TOKEN2049

BlackRock is advancing the utility of tokenized money market funds (tMMFs) by enabling them to be posted directly as collateral, eliminating the need for traditional redemption and multi-day cash settlement cycles. Nikhil Sharma, BlackRock’s Director of Digital Assets, emphasizes that this shift allows capital to remain productive while securing trades, significantly improving institutional margin management. On August 3, 2026, the firm launched two new funds, BSTBL and BRSRV, which are specifically designed to target eligibility as reserve assets under the U.S. GENIUS Act. These products build upon the success of the BUIDL fund, which currently manages approximately $2.5 billion in assets. BlackRock is also leveraging J.P. Morgan’s Kinexys platform to facilitate 24/7 peer-to-peer transfers for these tokenized assets. By providing a yield-bearing, regulated alternative to idle stablecoins, these funds aim to become a standard collateral choice for exchanges and lenders. While the initiative represents a major step toward on-chain financial efficiency, widespread adoption remains contingent on the willingness of clearinghouses and counterparties to accept these tokens as collateral.

#Stablecoins #BUIDL #Kinexys

cryptobriefing.comAdded: Oct 7, 20269.0

Infrastructure

StanChart, Circle, Ripple back crypto exchange OKX at unchanged $25bn valuation

Crypto exchange OKX has secured strategic investments from Circle, Ripple, QRT, and SC Ventures at a $25 billion pre-money valuation to accelerate its expansion into real-world asset tokenization. This funding round, which extends a previous investment led by Intercontinental Exchange, aims to provide the capital necessary for OKX to scale its tokenized product offerings. The exchange has already integrated significant RWA features, including the listing of over 40 tokenized U.S. stocks and ETFs for non-U.S. and non-European clients. Furthermore, OKX recently announced the launch of a tokenized securities venue utilizing SEC exemptions to facilitate regulated trading. By leveraging partnerships with major financial players like Standard Chartered and Circle, OKX is positioning itself as a bridge between traditional finance and blockchain-based markets. The inclusion of Ripple and its RLUSD stablecoin further signals a strategic focus on cross-border liquidity and asset settlement. This development highlights a broader industry trend where centralized exchanges are aggressively pivoting toward institutional-grade RWA infrastructure to diversify revenue streams beyond volatile crypto assets.

#Stablecoins #RWA #TokenizedStocks

Ledger InsightsAdded: Oct 6, 20267.5

Infrastructure

Robinhood Leads Tokenized Equities in September as Volumes Hit $15.6B Record

The stablecoin market grew by 1.29% in September 2026 to reach a total capitalization of $313 billion, despite a slight decline in overall market dominance to 10.5%. Trading activity on centralized exchanges surged significantly, with stablecoin-pair volumes climbing 24.8% to exceed $1 trillion for the first time since March. Within the tokenized RWA sector, market capitalization remained stable overall, though internal allocations shifted notably toward equities and private credit. Tokenized stocks reached a record $4.87 billion in market cap, driven by a 13.7% monthly increase, while on-chain equity trading volume hit a new high of $15.6 billion. Robinhood emerged as the dominant venue for tokenized equity trading, capturing a 42% market share after a 407% volume surge. Conversely, tokenized bond and money market funds experienced an 8.1% decline to $17.3 billion, reflecting a broader reallocation of capital within the RWA ecosystem. These trends highlight the maturing infrastructure of on-chain assets and the increasing role of retail-facing platforms in facilitating high-volume tokenized equity transactions.

#Stablecoins #RWA #TokenizedEquities

coindesk.comAdded: Oct 6, 20268.0

Infrastructure

MKS PAMP’s Tokenized Gold DGLD Launches on Solana

The provided text contains fragmented reports regarding various market developments, including the Hong Kong Monetary Authority's plan to upgrade its Central Moneymarkets Unit (CMU) debt settlement platform by 2026 to support 24/7 on-chain settlement. Additionally, the data highlights that Ethereum, Solana, and Base currently dominate 91.5% of the euro-pegged stablecoin market. DeFi Development Corp. (NASDAQ: DFDV) successfully raised $11 million through a public offering of Series C Variable Rate Perpetual Preferred Stock, branded as CHAD. Meanwhile, the U.S. sports prediction platform ProphetX is expanding its contract catalog through a partnership with Agg Market. These developments reflect a broader trend of institutional infrastructure upgrades and capital formation within the digital asset space. While the article mentions MKS PAMP's tokenized gold (dGLD) on Solana in the headline, the provided body text does not contain specific details regarding this launch. These events collectively underscore the ongoing integration of traditional financial instruments and regulated platforms with blockchain technology.

#Solana #Stablecoins #HKMA

crypto-economy.comAdded: Oct 5, 20265.5

Infrastructure

Banks hold the key to on-chain corporate treasury—if they cooperate

Senior payment executives at an American Banker roundtable concluded that traditional banks possess a structural advantage in the on-chain corporate treasury market, provided they collaborate on shared infrastructure. While nonbank stablecoins face skepticism from large enterprises due to counterparty risks, bank-backed assets are viewed as the preferred solution for corporate liquidity. A case study presented during the forum demonstrated that stablecoin rails could reduce cross-border settlement times from eight days to minutes, offering significant tax and efficiency benefits. The consensus suggests a future architecture where tokenized deposits provide safety and yield, while stablecoins function as the interoperable transit layer for B2B payments. Participants emphasized that proprietary, isolated ledgers offer poor ROI, necessitating the development of consortium-based networks with central bank clearing connections. As tokenized Money Market Funds begin to offer minute-by-minute yields, banks face pressure to modernize to prevent the erosion of traditional idle balances. Ultimately, the group identified that the programmability of smart contracts, rather than raw speed, represents the primary value proposition for future institutional financial operations.

#Stablecoins #TokenizedDeposits #CorporateTreasury

americanbanker.comAdded: Oct 5, 20267.5

Stablecoins

'On-chain finance outpaces regulation — money moves without banks': Oh Tae-min [Herald Money Festa 2026]

At the Herald Money Festa 2026, Dugby Co. CEO Oh Tae-min argued that the proliferation of dollar-pegged stablecoins poses a significant threat to global monetary sovereignty. He posited that the United States is strategically leveraging stablecoins to channel global savings into U.S. government bonds, potentially creating a zero-sum game that undermines demand for local sovereign debt. This shift could force non-U.S. central banks to align interest rates with the Federal Reserve to maintain exchange rate stability, thereby eroding their independent monetary policy discretion. Furthermore, the migration of cross-border payments and remittances to on-chain markets is bypassing traditional banking infrastructure, with transactions now settling in minutes. Oh highlighted that crypto exchanges are evolving into comprehensive financial hubs, suggesting that traditional banks must integrate these platforms to remain competitive. The discussion also touched upon the rapid growth of decentralized finance, noting that Robinhood Chain has seen $25.09 million in monthly volume through innovative trading pairs involving tokenized stocks like Nvidia and SpaceX. Ultimately, the analysis underscores a growing tension between user-driven on-chain financial innovation and the regulatory frameworks attempting to contain it.

#Stablecoins #TokenizedStocks #U.S.Treasuries

mbiz.heraldcorp.comAdded: Oct 5, 20267.0

Credit (Private Credit)

Cardano's RealFi Pays Up to 9% on Stablecoins. Can It Do for ADA What Tokenized Treasuries Did for the XRP Ledger?

Cardano launched its RealFi platform on October 1, 2026, aiming to generate up to 9% annual yields by deploying stablecoins into institutional credit, trade finance, and various bond markets. The platform introduces USDrf and its yield-bearing counterpart sUSDrf, which derive returns from assets including Treasuries, corporate bonds, and private credit loans in regions like Kenya and Uganda. While the initiative seeks to replicate the growth seen in tokenized Treasuries on the XRP Ledger, which reached nearly $418 million by April 2026, it faces significant hurdles including restricted access in the U.S., E.U., and U.K. Cardano currently holds approximately $70 million in stablecoins, and the platform requires users to accept first-loss risk on defaults alongside a seven-day redemption lockup. Analysts note that similar to the XRP Ledger, the utility of the underlying ADA token remains limited to network fees rather than direct value capture from the lending activity. This launch highlights the ongoing challenge for Layer 1 blockchains attempting to bridge real-world assets without creating direct demand for their native tokens. Ultimately, the success of RealFi depends on attracting fresh capital to a network that has seen its total value locked drop by over half since May 2026.

#Stablecoins #PrivateCredit #Cardano

247wallst.comAdded: Oct 3, 20267.5

Infrastructure

CONNECT recap: Arthur Hayes on money printing, Wall Street moves onchain

The CONNECT by Cointelegraph event in Seoul highlighted the ongoing integration of traditional finance into blockchain ecosystems, focusing on institutional adoption and asset tokenization. Industry leaders discussed how established banks and asset managers leverage existing customer relationships to dominate the emerging onchain market. Franklin Templeton emphasized its strategy of using tokenized money market funds to provide investment income, noting a recent partnership with MoonPay to facilitate stablecoin-to-fund conversions. Meanwhile, R3 is expanding its reach by connecting private financial networks to the public Solana blockchain to broaden institutional access. Experts also addressed the practical challenges of corporate crypto treasuries, stressing the need for careful liquidity management and tailored risk strategies. Discussions further explored the growing demand for stablecoin-based cross-border payments in emerging markets like Latin America and Africa. These developments underscore a broader shift where financial institutions are prioritizing infrastructure and utility over the original crypto ethos of disintermediation.

#Solana #Stablecoins #FranklinTempleton

tradingview.comAdded: Oct 2, 20267.5

Stablecoins

50,000 Europeans Ask EU to Allow Stablecoin Rewards Under MiCA

Over 50,000 European citizens, mobilized by crypto advocacy group Stand With Crypto EU, have urged the European Commission to permit stablecoin rewards and perks under the ongoing review of the Markets in Crypto-Assets (MiCA) regulation. This campaign, timed with the closure of the Commission's public consultation, seeks to allow regulated stablecoins to offer benefits like cashback, loyalty programs, and lower fees, arguing that regulated stablecoins should not offer fewer advantages than traditional e-money products. A separate petition garnered over 126,600 signatures, advocating for lifting MiCA's ban on passing through yield from safe, interest-bearing assets. This initiative directly challenges the stance of EU central banks, including the European Central Bank, which have recommended maintaining and even extending the current ban on stablecoin interest and indirect perks, citing that electronic money is for payments, not savings. The outcome of this regulatory debate is crucial for the competitiveness of the EU's stablecoin market, with partners of Stand With Crypto EU like 50 Partners warning that restrictive rules could drive talent and innovation to regions like the US or Asia, where different regulatory approaches exist.

#Stablecoins #MiCA #EURegulation

BlockonomiAdded: Oct 2, 20267.5

Infrastructure

RWA Foundation report tracks 10,322 tokenized real-world assets

The RWA Foundation, in collaboration with Token Terminal, has released a comprehensive market structure report tracking over 10,322 real-world assets currently operating on-chain. This data highlights the diverse landscape of tokenized instruments, which includes stablecoins, private credit, commodities, equities, and ETFs. Stablecoins continue to dominate the sector, reaching a market capitalization of approximately $301.4 billion across 193 distinct assets as of September 2026. The report also identifies significant growth on the Avalanche blockchain, which added $173 million in RWA market cap over a recent 30-day period. Furthermore, the Foundation has expanded its analytical scope by partnering with DefiLlama to monitor on-chain perpetual futures linked to RWAs. These derivatives, which allow for leveraged speculation on off-chain assets, recorded a 30-day trading volume of $117 billion. By providing granular data on these emerging financial products, the report offers critical transparency into the evolving integration of traditional finance and blockchain technology. This tracking effort is essential for market participants to understand liquidity flows and the adoption rates of tokenized assets across various protocols.

#Stablecoins #RWA #Tokenization

cryptobriefing.comAdded: Oct 2, 20267.5

Stablecoins

Circle Urges EU to Rework MiCA Stablecoin Reserve Requirements

Circle has submitted a formal response to the European Commission regarding the review of the Markets in Crypto-Assets Regulation (MiCA), advocating for significant structural adjustments to stablecoin reserve requirements. As a major issuer of USDC and EURC, Circle argues that current mandates, such as the 30% to 60% commercial bank deposit requirement, unnecessarily increase credit and counterparty risks. The company specifically calls for the removal of concentration caps, including the 35% limit on single-sovereign exposure and the 1.5% cap on bank assets per counterparty, which it claims hinder the ability to hold high-quality liquid assets. Furthermore, Circle emphasizes the importance of preserving 'multi-issuance' structures to maintain global liquidity while proposing a new equivalence regime for foreign-regulated stablecoins. These recommendations aim to align EU regulations with international standards while preventing the migration of users to offshore, unregulated platforms. The submission highlights that only three of the top 25 global stablecoins currently comply with MiCA, underscoring the need for a more flexible regulatory environment. This feedback is critical as the European Commission evaluates the framework's impact on the competitiveness of EU-issued e-money tokens on the global stage.

#Stablecoins #MiCA #Circle

cryptotimes.ioAdded: Oct 1, 20267.5

Stablecoins

Treasury publishes state stablecoin certification procedures under the GENIUS Act

The U.S. Treasury has released interim procedural rules detailing the application and review process for state-level stablecoin certification under the GENIUS Act. This framework establishes how state regulators must demonstrate that their oversight regimes are substantially similar to federal standards. The Stablecoin Certification Review Committee, consisting of the Treasury Secretary, the Federal Reserve Chair, and the FDIC Chairman, oversees this process. While these procedural rules became effective on September 30, the actual certification process remains on hold pending final paperwork approvals. A critical point of contention remains the broader criteria for substantial similarity, which was proposed in April but has faced significant pushback from state regulators. With the GENIUS Act requiring states to submit initial certifications by January 18, 2028, there is growing industry concern regarding the tight timeline for compliance. This development is vital for the RWA market as it clarifies the regulatory path for stablecoins, which serve as the primary liquidity layer for tokenized assets. Establishing a clear federal-state alignment is essential for the institutional adoption of stablecoins as a reliable medium of exchange for on-chain financial instruments.

#Stablecoins #RWA #Regulation

ledgerinsights.comAdded: Oct 1, 20267.5

Stablecoins

Open USD live, but not in the MiCA register

Open USD (OUSD) launched on September 30, 2026, as a U.S. dollar-pegged stablecoin issued by Bridge, a subsidiary of Stripe. The project is backed by a consortium of major financial and technology firms, including Coinbase, Mastercard, Shopify, Stripe, and Visa, which have collectively pledged over $1 billion in liquidity. While the issuer, Bridge Building S.A., holds an electronic money institution (EMI) authorization in Luxembourg, the OUSD token itself has not been notified in the MiCA register as of October 1, 2026. This regulatory status is critical because, under the European Union's Markets in Crypto-Assets (MiCA) regulation, an e-money token must have a published and notified white paper to be offered publicly or traded within the EU. Although the issuer has notified a euro-denominated token, the absence of a white paper for OUSD means that EU-regulated exchanges cannot legally offer the asset to European users. This distinction highlights the complexity of MiCA, where authorization applies to the company, but compliance requirements are strictly token-specific. The situation serves as a reminder that institutional backing and corporate licensing do not automatically grant regulatory clearance for individual crypto-assets in the European market.

#Stablecoins #MiCA #OUSD

cryptoticker.ioAdded: Oct 1, 20267.5

Stablecoins

Lloyds and Visa Complete $750,000 USDC Settlement Pilot on Canton Network

Lloyds and Visa successfully completed a seven-day live pilot program to settle $750,000 in payment obligations using the USDC stablecoin. By operating a node on the Canton Network and sourcing assets through the UK-regulated exchange Archax, Lloyds demonstrated a workflow that bypasses traditional banking rails. The trial achieved settlement in under an hour, significantly outperforming the standard cross-border settlement time of one or more days. Notably, the pilot maintained this speed even when transactions were executed outside of conventional banking hours. This test highlights the growing institutional interest in utilizing stablecoins to bridge disparate blockchain environments for cross-border payments. By integrating public blockchains with institutional infrastructure, the participants showcased a viable path for modernizing legacy financial settlement processes. While the pilot was limited in scope, it serves as a concrete example of how major financial entities are testing blockchain-based alternatives to improve liquidity and operational efficiency.

#Stablecoins #CantonNetwork #Archax

hokanews.comAdded: Sep 30, 20267.5

#Stablecoins

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