Payments
Institutional

Augustus Raises $180 Million to Build a Stablecoin-Ready 'Global Dollar Bank'

The Tiger Global-led round values the startup at $1 billion as it wires stablecoin rails directly into a federally chartered bank, aiming to modernize the…
Institutional

Jack Mallers Steps Down as Twenty One Capital CEO as Tether Merger Unravels

The Strike founder is leaving the Tether-controlled treasury company after a board disagreement, as a proposed three-way merger with Strike and Elektron Energy collapses. The…
Markets

Tether Gold recognized as Accepted Spot Commodity in Abu Dhabi financial center

The recognition allows regulated firms in Abu Dhabi Global Market to offer services involving Tether Gold as tokenized commodities gain broader adoption. Read Full Story…
Institutional

Bank of Korea Scales Up CBDC Pilot With Half a Million Users

Phase 1 of Project Hangang opened 81,000 wallets with 42% of them using the CBDC. Phase 2 is bigger, and this time it moves real…
DeFi

Exodus Cuts 25% of Its Global Workforce to Fund a Full-Stack Payments Pivot

The self-custody wallet maker is cutting its headcount as it trades crypto swap fees for stablecoin cards and settlement. The post Exodus Cuts 25% of…
Institutional

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

The Bank of Korea’s CBDC pilot will add two regional banks, new payment features and tests of government subsidy payments using tokenized bank deposits Read…
Infrastructure

Allbridge pauses cross-chain bridge after $1.65M exploit

The attacker allegedly used a flash loan and rapid swaps to manipulate the bridge’s stablecoin exchange rate. Read Full Story at Cointelegraph.com →
Payments

Japanese logistics company eyes JPYC stablecoin to pay drivers

The planned rollout would let thousands of transportation contractors receive digital yen payments more frequently and quickly. Read Full Story at Cointelegraph.com →
Payments

The GENIUS Act turns 1: State of Crypto

The stablecoin-focused GENIUS Act became a law a year ago. Read Full Story at Coindesk.com →
Payments

Tether's USDT hits 2-year countdown threatening its position on U.S. crypto platforms

The GENIUS Act has hit its first anniversary without U.S. regulators yet meeting deadlines to write regulations, though rules will be in full effect by…