#Stablecoins

333 articles tagged #Stablecoins — curated RWA tokenization coverage.

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

BIS paper finds major gap in Bitcoin onchain transfer estimates

A recent study by the Bank for International Settlements (BIS) reveals that standard onchain metrics for Bitcoin, Ethereum, and stablecoins often provide misleading representations of actual economic activity. Researchers analyzed 100 billion blockchain records and discovered that Bitcoin transfer values can fluctuate by a factor of six depending on whether change outputs are correctly filtered. The report highlights that conventional market capitalization metrics can overstate value by up to four times compared to realized capitalization models. Furthermore, the study notes that Ethereum's complex smart contract ecosystem and the multi-chain nature of stablecoins like USDT make aggregate data difficult to interpret accurately. For instance, USDT on Ethereum is primarily utilized for DeFi, whereas USDT on Tron functions more as a payment and store-of-value asset. These findings suggest that current industry indicators are noisy approximations rather than precise economic data points. This research is critical for the RWA market, as institutional adoption of tokenized assets relies on transparent and reliable data to assess liquidity, usage, and systemic risk.

#Stablecoins #BIS #OnchainData

Cointelegraph — DeFiAdded: Sep 15, 20267.5

U.S. Treasuries

Grove Basin enables instant stablecoin liquidity for tokenized treasuries

On May 14, 2026, Grove Labs launched Grove Basin, a noncustodial credit facility designed to provide up to $1 billion in daily stablecoin liquidity for tokenized real-world assets. This infrastructure addresses the critical issue of settlement lag by providing immediate onchain stablecoin payouts upon transaction approval, while the underlying asset movement settles on a separate schedule. By integrating with the Sky ecosystem, the platform leverages established stablecoin infrastructure to facilitate these rapid redemptions and transfers. The initial rollout supports major tokenized money market funds, specifically BlackRock’s BUIDL and Janus Henderson’s JTRSY. Institutional partners including Anchorage Digital, Galaxy Digital, and FalconX provide the necessary backing for this liquidity facility. This development is significant as it targets the $15 billion tokenized U.S. Treasury and money-market sector, which has grown nearly fourfold since early 2025. By removing friction for institutional managers, Grove Basin aims to increase the utility and adoption of tokenized assets within the broader financial ecosystem.

#Stablecoins #BUIDL #SkyEcosystem

cryptobriefing.comAdded: Sep 15, 20268.0

Infrastructure

CLARITY Act Vote Set For Tuesday As Senate Democrats Push Counteroffer

Senate Democrats have submitted a counterproposal to Republican negotiators regarding the CLARITY Act, a legislative effort aimed at establishing a regulatory framework for digital assets. This development occurred just hours before a critical procedural cloture vote scheduled for September 15, which requires 60 votes to advance. The updated Republican draft incorporates 126 substantive changes requested by Democrats, specifically addressing ethics restrictions for federal officials regarding their digital asset holdings. Key provisions include mandates for divestment or the use of qualified blind trusts for covered officials, alongside new enforcement powers for state attorneys general. The bill also introduces a mechanism for the Treasury secretary to study and potentially restrict stablecoin reward practices if they threaten community bank deposits. However, banking industry groups, including the American Bankers Association, argue that the proposed 18-month study timeline is insufficient to prevent deposit flight. The outcome of this vote is significant for the RWA market as it signals the potential for federal oversight on stablecoins and the integration of blockchain assets into traditional financial ethics standards. The legislative process remains fluid as both parties negotiate the final language surrounding state authority and financial stability.

#Stablecoins #DigitalAssets #Regulation

BlockonomiAdded: Sep 15, 20267.5

Stablecoins

Ondo Finance Invests $25M in Figure Stablecoin

Ondo Finance has allocated $25 million into YLDS, a yield-bearing stablecoin issued by Figure Technology Solutions, to diversify the backing of its tokenized U.S. Treasury fund. This move marks a strategic shift for Ondo, moving beyond traditional asset manager products to incorporate on-chain stablecoin assets. Figure, which operates on the Provenance blockchain, has originated over $19 billion in loans, including home-equity and mortgage products. This integration highlights the growing trend of institutional-grade protocols utilizing on-chain assets to enhance liquidity and yield generation. Simultaneously, Ondo has expanded its reach by launching tokenized stocks on the BNB Chain and securing regulatory approval from the Liechtenstein Financial Market Authority. These developments underscore the increasing convergence between traditional financial infrastructure and decentralized finance. The broader market is seeing a surge in crypto-collateralized lending, with major players like Tether, Ledn, and Coinbase also expanding their respective loan offerings.

#Ondo Finance #Stablecoins #RWA

coinmarketcap.comAdded: Sep 15, 20267.5

Infrastructure

Robinhood Chain Nears $1 Billion TVL as Memecoins, Tokenized Stocks Create Growth Loop

Robinhood Chain has reached nearly $1 billion in total value locked just over two months after its July 1 launch, signaling rapid adoption within the decentralized finance ecosystem. According to a StoneX report by analyst Mark Palmer, this growth is driven by a unique synergy between memecoin speculation and the trading of tokenized stocks. The platform's permissionless structure, combined with gas-fee subsidies for transactions over $5, has facilitated a high volume of token issuance, with approximately 10,000 tokens created daily via platforms like Pons. On September 13, daily decentralized exchange volume on the chain hit $1.88 billion, representing over half of Uniswap's total volume. The ecosystem benefits from a feedback loop where memecoin interest drives demand for tokenized stocks, which in turn provides financial legitimacy to the memecoin narrative. Despite this momentum, current data suggests that the majority of activity is driven by crypto-native users rather than the existing Robinhood retail app customer base. Furthermore, the chain's stablecoin market capitalization has surged to over $1 billion, with USDG and Ethena’s USDe serving as the primary assets. This rapid expansion highlights the potential for integrated tokenized financial products to capture significant market share in the decentralized trading landscape.

#Stablecoins #TokenizedStocks #DeFi

en.bloomingbit.ioAdded: Sep 15, 20267.5

Infrastructure

Crypto Regulation in 2026: A Complete Guide to the GENIUS Act, CLARITY Act, MiCA, and Global Rules

The regulatory landscape for digital assets is undergoing significant formalization through the enactment of the GENIUS Act in the U.S. and the full implementation of MiCA in the European Union. The GENIUS Act, signed into law on July 18, 2025, establishes a comprehensive framework for payment stablecoin issuers, mandating 1:1 backing with liquid reserves and monthly disclosures. Concurrently, the EU's MiCA regulation, which reached its final transitional phase by July 1, 2026, mandates authorization for Crypto-Asset Service Providers and sets strict standards for asset-referenced and e-money tokens. While these frameworks aim to enhance market stability and consumer protection, the U.S. market remains in flux regarding broader exchange oversight, as the CLARITY Act of 2025 remains a pending legislative bill. These developments are critical for the RWA market because they provide the legal certainty required for institutional participation and the tokenization of financial instruments. By standardizing reserve requirements and redemption rights, these laws create a foundation for stablecoins to function as reliable settlement layers for real-world assets. Investors and issuers must now navigate a fragmented global environment where compliance requirements vary significantly by jurisdiction and asset classification.

#Stablecoins #Compliance #MiCA

stealthex.ioAdded: Sep 15, 20267.5

Stablecoins

Banks Push Senate as Clarity Act Vote Approaches

Eight major U.S. financial trade groups, including the American Bankers Association and the Bank Policy Institute, have petitioned Senate leadership to amend the Clarity Act ahead of Tuesday's vote. The coalition argues that the current legislative draft fails to sufficiently restrict crypto platforms from offering yield-bearing rewards on stablecoin holdings, which they fear mimics interest on bank deposits. By allowing these reward programs, banks contend that the bill incentivizes customers to migrate capital from traditional banking institutions into digital dollar products. The groups specifically requested that Congress close loopholes that permit intermediaries to structure rewards based on account balances or holding periods. Furthermore, the coalition criticized the proposed deposit-flight circuit breaker, arguing that regulatory intervention should not be delayed until significant deposit losses have already occurred at community banks. Treasury Secretary Scott Bessent has defended the bill, asserting that it provides the necessary authority to protect community banks while fostering domestic stablecoin infrastructure. As the Senate prepares to vote, lawmakers face a critical decision on whether to tighten these restrictions or maintain the current framework favored by the crypto industry. This debate highlights the ongoing tension between traditional banking interests and the emerging digital asset sector regarding the regulation of stablecoin-based financial products.

#Stablecoins #DigitalAssets #CLARITYAct

BlockonomiAdded: Sep 14, 20267.5

Infrastructure

$346B in tokenized assets now spans 47 different asset types

A September 12 report from Token Terminal reveals that the total value of on-chain tokenized assets has reached $346.1 billion, spanning 47 distinct asset classes. USD-pegged stablecoins remain the dominant force, accounting for $298.5 billion or 86.2% of the total market. Excluding stablecoins, the non-stablecoin RWA market is valued at approximately $47.6 billion, with US Treasuries leading this segment at $15 billion. Other significant categories include yield strategies at $10.5 billion, credit funds at $6.4 billion, and gold at $5.1 billion. Tokenized stocks currently represent a smaller portion of the market at $2.4 billion. The data highlights a significant diversification in asset types, driven by increased institutional participation and clearer regulatory frameworks since 2024. This expansion underscores the growing maturity of blockchain infrastructure as a viable medium for traditional financial instruments.

#Stablecoins #RWA #USTreasuries

cryptobriefing.comAdded: Sep 12, 20267.5

Commodities

Why Tokenized Gold Still Can't Compete With Dollar Stablecoins

Tokenized gold reached a $6 billion market capitalization by February 2026, yet it remains a minor fraction of the $318 billion dollar-pegged stablecoin market. While stablecoins like USDC and USDT benefit from purely digital, high-velocity bookkeeping, tokenized gold is constrained by the physical logistics of LBMA-accredited bullion vaults. Paxos Gold (PAXG) and Tether Gold (XAUT) dominate the sector, requiring the physical acquisition, shipping, and insurance of 13-kilogram bars for every token issued. This architectural friction creates a significant liquidity gap, as stablecoins settled over $33 trillion on-chain in 2025 compared to the hundreds of millions in daily volume for gold tokens. Despite gold's macro appeal as a hedge against central bank hoarding and dollar devaluation, the reliance on jurisdictional custody and periodic attestations limits its utility as high-frequency DeFi collateral. The inability to provide real-time proof-of-reserve for physical assets further separates gold tokens from the instant verifiability of treasury-backed stablecoins. Consequently, tokenized gold struggles to scale, as moving significant volume would require massive physical infrastructure shifts rather than simple smart-contract engineering.

#Stablecoins #RWA #XAUT

yellow.comAdded: Sep 11, 20267.5

Infrastructure

UniCredit seeks infrastructure partner for crypto trading, custody: Report

UniCredit, a major Italian banking group, is currently exploring the development of infrastructure to support crypto trading, custody services, and tokenized investment products. The bank is actively seeking technology partners to facilitate these digital asset capabilities, marking a significant step toward institutional integration of blockchain-based finance. While discussions remain in the early stages, the bank's interest extends to stablecoin-based fixed-income securities, signaling a broader strategy to modernize its asset management offerings. This move aligns UniCredit with other global financial institutions like Standard Chartered and U.S. Bank, which are increasingly adopting digital asset frameworks to remain competitive. By pursuing tokenized investment products, UniCredit aims to bridge traditional banking services with the efficiency of distributed ledger technology. The initiative reflects a growing trend among European banks to provide secure, regulated access to digital assets for their client base. This development is crucial for the RWA market as it demonstrates institutional demand for infrastructure that can support both native crypto assets and tokenized real-world financial instruments.

#Stablecoins #Tokenization #InstitutionalFinance

Cointelegraph — TokenizationAdded: Sep 11, 20267.5

Stablecoins

Nasdaq to Invest $100 Million in Payward for Tokenized Stocks

MoneyGram has launched a new stablecoin-enabled debit card in Colombia, allowing users to spend digital assets directly at merchants. This initiative leverages the Stellar blockchain to facilitate near-instant, low-cost cross-border payments for approximately 60 million potential users in the region. By integrating with the Stellar network, MoneyGram aims to bridge the gap between traditional financial services and decentralized finance for the unbanked population. The card allows for seamless conversion of stablecoins into local fiat currency at the point of sale, significantly reducing the friction typically associated with crypto-to-fiat transactions. This development marks a major step in the mass adoption of stablecoins for everyday retail utility in Latin America. The partnership highlights the growing trend of legacy financial institutions utilizing blockchain infrastructure to modernize payment rails. Ultimately, this move positions MoneyGram as a key player in the global shift toward programmable, blockchain-based financial services.

#Stablecoins #Stellar #Payments

cryptoninjas.netAdded: Sep 11, 20266.5

Infrastructure

Nacha forms Next-Gen Currency Project Team focused on stablecoins and tokenized deposits

Nacha’s Payments Innovation Alliance has launched the Next-Gen Currency Project Team to investigate the integration of stablecoins and tokenized deposits into the global payments ecosystem. Led by Nacha and the Digital Sovereignty Alliance, this initiative aims to bridge the gap between emerging digital assets and traditional payment methods. The project team will focus on developing educational resources for the payments industry while monitoring the evolving regulatory landscape surrounding digital money movement. By bringing together diverse global stakeholders, the team seeks to address critical questions regarding the practical implications of tokenized assets for standard payment rails. This effort highlights the growing institutional recognition that digital assets are becoming a permanent fixture in the financial infrastructure. As Nacha oversees the ACH Network, their involvement signals a significant step toward standardizing how tokenized value is processed alongside legacy systems. The project is open to all Payments Innovation Alliance members, ensuring a collaborative approach to navigating the future of digital currency adoption.

#Stablecoins #TokenizedDeposits #PaymentsInfrastructure

Finextra — CryptoAdded: Sep 10, 20267.0

Stablecoins

Fidelity brings FIDD stablecoin to on-chain finance

Fidelity Digital Assets has reaffirmed its institutional strategy for the Fidelity Digital Dollar (FIDD), an Ethereum-based stablecoin currently boasting a circulating supply of approximately 50.09 million tokens. Originally unveiled in January 2026, the asset is designed to serve as a bridge between traditional financial accounts and on-chain markets, facilitating payments, settlement, and the broader tokenization of real-world assets. The stablecoin is backed by a reserve portfolio consisting of short-term Treasury securities, overnight reverse repurchase agreements, and bank deposits, with custody managed by Fidelity Digital Assets and asset management overseen by Fidelity Management & Research Company. While Fidelity provides transparency through daily supply disclosures and monthly attestations by PricewaterhouseCoopers, the token does not distribute interest to holders and lacks FDIC or SIPC insurance. FIDD is currently accessible through Fidelity’s own platforms as well as external exchanges like Kraken and Bullish. By positioning FIDD as a payment instrument rather than a yield-bearing investment, Fidelity aims to leverage its existing institutional infrastructure to compete in a market dominated by USDT and USDC. The long-term success of the project will depend on its integration into institutional workflows and its ability to drive utility beyond simple exchange-based trading.

#Ethereum #Stablecoins #InstitutionalFinance

crypto.newsAdded: Sep 10, 20268.0

Stablecoins

Automated agents may use USDM for cross-chain trading, Charles Hoskinson notes

Charles Hoskinson, founder of Cardano and CEO of Input Output Global, has outlined a vision for the future of cross-chain stablecoin utility involving USDM. The proposed framework centers on autonomous trading agents capable of interacting with physical ATMs to acquire USDM, which can then be seamlessly mirrored across multiple blockchain ecosystems. By leveraging interoperability between networks such as Cardano, Ethereum, Solana, and Hyperliquid, these agents aim to facilitate frictionless trading and real-world purchasing power. This development highlights the growing focus on bridging the gap between traditional fiat-backed assets and decentralized finance infrastructure. Hoskinson emphasizes that the underlying systems for these cross-chain interactions are advancing rapidly, with an upcoming workshop scheduled to further refine the technical implementation. For the RWA market, this signifies a shift toward automated, multi-chain liquidity management for stablecoins. The ability to move tokenized fiat representations across disparate chains is critical for increasing the utility and adoption of RWA-backed tokens in global commerce.

#USDM #Stablecoins #Interoperability

tradersunion.comAdded: Sep 9, 20265.5

Stablecoins

KRWQ Drops Tokenized Korean Treasury Bond From Reserves

The overseas-issued won-denominated stablecoin KRWQ has removed the tokenized Korean Treasury Bond (KTB) from its reserve assets just six months after its initial inclusion. This decision follows concerns regarding the stablecoin's regulatory standing and potential money laundering risks associated with its operations. The KTB token, a product of a collaboration between Shinhan Securities and the RWA platform Etherfuse, was designed to provide exposure to short-term Korean government debt. Shinhan Securities explicitly requested the removal of the asset from KRWQ's reserves, citing concerns over the association and clarifying that no formal partnership exists between the two entities. Consequently, KRWQ has reverted to a reserve composition consisting exclusively of USDC and frxUSD. This development highlights the complexities of integrating tokenized sovereign debt into stablecoin reserves, particularly when issuers operate outside of established regulatory frameworks. The incident underscores the importance of institutional oversight and the potential reputational risks for traditional financial firms when their tokenized products are utilized by unregulated stablecoin projects.

#Stablecoins #RWA #ShinhanSecurities

en.sedaily.comAdded: Sep 9, 20267.0

Infrastructure

Dallas Fed’s $700 Billion Tokenized Deposits Analysis: Banking Dynamics and Bitcoin Implications

Research from the Dallas Fed by economists Rosie Levy and Srini Ramaswamy highlights that tokenized commercial bank deposits could reduce the U.S. banking system's long-term risk-absorption capacity by approximately $700 billion. By enabling instant atomic settlement and programmable smart contracts, tokenization removes the operational friction that historically sustained fractional-reserve lending and deposit stickiness. The study models that a 10% increase in depositor sensitivity to interest rates could shrink risk-absorption capacity by $700 billion, while a 10% reduction in deposit tenure could decrease it by $580 billion. To mitigate the risk of instantaneous, automated capital outflows, banks are incentivized to shift assets from long-term loans toward High-Quality Liquid Assets like Treasury bills. This transition forces banks to rely on more expensive wholesale funding, which may lead to wider credit spreads and higher borrowing costs for the real economy. Ultimately, the research suggests that while tokenized deposits modernize banking infrastructure to compete with stablecoins, they act as a de facto tightening of monetary policy. This shift underscores a fundamental transformation in how commercial banks manage balance sheets and liquidity in a blockchain-native financial environment.

#Stablecoins #TokenizedDeposits #BankingInfrastructure

programminginsider.comAdded: Sep 9, 20267.5

Infrastructure

Visa combines VisaNet data with onchain lending to power stablecoin card working capital

Visa has announced that its stablecoin settlement volume has reached an annualized run rate exceeding $20 billion, representing a 15x increase compared to the previous year. To capitalize on this growth, the payments giant is opening its settlement data to blockchain-based lenders to facilitate credit extension for card issuers. By providing lenders with visibility into transaction patterns and settlement reliability, Visa aims to bridge the gap between traditional payment rails and decentralized finance protocols. This initiative allows lenders to better assess the risk profiles of crypto-native card issuers, potentially unlocking more efficient capital deployment for the sector. The move signifies a strategic shift where institutional payment infrastructure is increasingly integrated with blockchain-based lending ecosystems. As stablecoin usage for cross-border and commercial payments matures, this data-sharing model provides a blueprint for institutional-grade credit underwriting in the RWA space. Ultimately, this development highlights the growing synergy between global payment networks and the tokenized asset economy, fostering a more robust environment for blockchain-enabled financial services.

#Stablecoins #Visa #DeFi

CoinDeskAdded: Sep 8, 20267.5

Infrastructure

ClearToken Offers Regulated Stablecoin FX, Tokenised Settlement

ClearToken has partnered with the Canton Network to deploy three Daml-based Digital Asset Platforms—CT Register, CT Pay, and CT Settle—to provide institutional-grade settlement infrastructure. This initiative aims to bridge the gap between regulated financial market infrastructure and the rapidly growing $315 billion stablecoin market. By leveraging ClearToken’s UK FCA-authorised status and Canton’s privacy-enabled blockchain architecture, the platforms facilitate atomic Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) settlement. The infrastructure supports a diverse range of assets, including fiat, tokenised deposits, stablecoins, and cryptocurrencies. This development is significant as it addresses the lack of post-trade infrastructure for stablecoin FX, which currently lacks the equivalent of traditional market settlement standards. ClearToken is also pursuing Bank of England authorisation for its fourth service, CT Clear, to further reduce counterparty risk. This integration allows institutions to perform end-to-end tokenized asset lifecycle management within a single regulated environment.

#Stablecoins #CantonNetwork #Daml

marketsmedia.comAdded: Sep 8, 20268.5

#Stablecoins

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