The supply of yield-generating stablecoins has jumped sharply following the U.S. approval of the GENIUS stablecoin bill in July, which bans issuers from offering yields directly on stablecoins. Despite the restriction, tokens like Ethena’s USDe and Sky’s USDS, which offer yield through staking in their own protocols, have seen major growth. Since July 18, USDe’s supply has surged by 70% to reach 9.49 billion, making it the third-largest stablecoin by market cap. At the same time, USDS has grown by 23%, with its supply nearing 4.81 billion, placing it fourth among all stablecoins, according to DefiLlama. This strong demand has…

Global payments giant Visa has revealed plans to expand its stablecoin offerings, reinforcing its strategic pivot toward blockchain based financial infrastructure. In a press release, Visa confirmed the integration of four additional stablecoins as a way to stay competitive in an increasingly crowded market. Accordingly, Visa’s settlement platform will now support Global Dollar (USDG), PayPal USD (PYUSD), and Euro Coin (EURC), and Circle’s USD Coin (USDC).  Visa has also added Stellar and Avalanche to its list of supported networks, which previously included Ethereum and Solana. The stablecoin offerings allow Visa users to send and receive payments using stablecoins across these…

A new euro-backed stablecoin (EURAU) supported by Deutsche Bank’s DWS, trading firm Flow Traders, and Galaxy Digital led by Mike Novogratz, has officially launched on the Ethereum blockchain. The stablecoin was introduced by AllUnity, a joint venture formed by the three partners, and became publicly available on July 31. EURAU is regulated by Germany’s Federal Financial Supervisory Authority (BaFin) and fully complies with the European Union’s Markets in Crypto-Assets Regulation (MiCA). For now, EURAU is issued as an ERC-20 token on Ethereum, with plans to expand to more blockchain networks later in 2025, according to the announcement. Euro Stablecoins Rise,…

Hong Kong has launched its long-anticipated licensing regime for fiat pegged stablecoins, to become a global digital asset hub. As of August 01, 2025 any company intending to issue or promote fiat-backed stablecoins to retail users in Hong Kong must obtain formal authorization from the Hong Kong Monetary Authority (HKMA). The regulatory move not just marks a milestone for the city but  positions Hong Kong among the first jurisdictions in Asia to implement a detailed and enforceable stablecoin regulatory regime. What does the new Stablecoin Licensing Regime do?  The licensing framework introduces comprehensive compliance requirements. They include capital adequacy, reserve…

Bank of Korea (BOK) is forming a new Virtual Asset Committee to keep a closer eye on the crypto market, according to Yonhap News. As part of the shift, the BOK has renamed and refocused its central bank digital currency (CBDC) unit to more actively study digital currencies. An official from the Bank said the newly formed Virtual Asset Team will also handle discussions around stablecoins and other digital assets, and work closely with the government as lawmakers push forward crypto-related legislation. The move comes as South Korean banks explore launching won-pegged stablecoins, and as lawmakers propose new rules to…

The search for stablecoins on Google has reached new heights since President Trump signed the GENIUS Act into law. The president of the United States, Donald Trump recently passed the Stablecoin Bill and the Genius Act to help clear the regulatory path for crypto and stablecoins in specific.  This bill specifically outlines a key point on CBDCs. The federal government is now blocked from creating and issuing the digital dollar.  Before 2025, the last time the term stablecoins ever climbed up Google Searches was in May 2022 when Terra Luna’s stablecoin collapsed wiping off half the cryptocurrency market.  Recent data…

The Bank of England is thinking about cancelling its plans for a central bank digital currency, according to people familiar with the matter who spoke to Bloomberg. These insiders say the bank’s leaders are now unsure whether a digital pound would truly benefit the UK’s financial system. Instead, BoE officials are quietly urging commercial banks to speed up their own digital payment solutions rather than rely on a government-issued digital currency. “If that’s a success, I question why we need to introduce a new form of money. Moving forward with a CBDC would require a lot of conviction.” Governor Andrew…

The United Arab Emirates’ Abu Dhabi Judicial Department (ADJD) has officially begun accepting digital currency for court-related payments, marking a regional first. This groundbreaking move signals the rapid digital transformation of the region.  According to reports, residents can now pay legal and judicial service fees using AE Coin, making ADJD the first government entity in the Middle East to implement cryptocurrency-based payments for public services. To make things simpler, users can complete transactions via the AEC Wallet, a platform that facilitates payments in AE Coin, a stablecoin regulated by the UAE Central Bank,  designed to offer a secure, swift, and…

Crypto prediction market Polymarket is exploring a move into the stablecoin space, with two strategic paths under consideration: launching its own Polymarket stablecoin or securing a revenue-sharing agreement with Circle, the issuer of USDC. Sources familiar with the matter say Polymarket is motivated by the opportunity to earn yield on stablecoin reserves currently held in USDC. At present, all trades on the platform are settled using USDC on the Polygon blockchain, creating consistent transaction flow and demand for the token. However, the interest generated from these reserves goes to Circle. By issuing a native Polymarket stablecoin, Polymarket could retain that…

Bank of England Governor, Andrew Bailey, has warned the world’s biggest banks not to create their own stablecoins. In an interview with The Times, he said these crypto assets could harm financial stability and even change the basic idea of what money is. Bailey believes central banks should focus on tokenized deposits, digital versions of regular money, instead of private stablecoins or even central bank digital currencies (CBDCs). “I’d much prefer if banks looked into tokenized deposits and asked: how can we make our money digital, especially for payments?” Andrew Bailey, who also leads the Financial Stability Board ,the global…