protocol
JPMorgan deploys JPMD deposit token on Ethereum mainnet
Kinexys by J.P. Morgan put JPMD, its dollar-deposit token, live on Ethereum mainnet on October 19, extending it beyond Base and opening EVM-wide institutional transfers.
Stories tagged: #stablecoin
infrastructure
Mastercard launches Stablecoin Security API with Borderless.xyz and Keyrails
Unveiled October 19 at Money20/20, Stablecoin Security scores stablecoin payments for fraud and sanctions exposure pre-settlement. Launching in North America, worldwide in 2027.
Allium: stablecoin payments hit $482B YTD, Q3 up 51%, September a record $72B
Allium's Q3 2026 'State of Stablecoins and Payments' puts year-to-date payment volume at $482B (+45%), transactions at 1.04B (+71%), and the average payment size down from $544 to $462.
BIS WP 1382: higher US bank deposit rates slow stablecoin growth
A new BIS working paper by Ahmed and Aldasoro finds a 1 bp rise in US bank deposit rates cuts 10-week stablecoin growth from 15% to 12% — hitting USDC harder than USDT.
regulation
Circle plans USDC push into 40 emerging markets, Allaire says
Circle CEO Jeremy Allaire told Reuters at the IMF-World Bank meetings in Bangkok on Oct 16 the issuer plans to enter about 40 emerging markets ahead of the GENIUS Act's January start.
infrastructure
Visa Direct moves USDC prefunding to commercial production with Inyo Global
Visa Direct's stablecoin prefunding leaves pilot on October 15 with Inyo Global as first processor; USDC top-ups reach Visa in minutes across 180+ countries.
infrastructure
Circle: USDC H1 2026 — $1.4B revenue, $819M to partners and transaction costs
Circle's October 16 blog breaks out H1 2026 USDC economics: $1.4B revenue, $819M (59%) to partners and transaction costs, $473M (34%) reinvested, ~7% net margin.
infrastructure
Coinbase and Marqeta expand card deal to settle stablecoin spend on Base
Marqeta and Coinbase announced on October 16 an expanded card partnership; Coinbase custodies the stablecoins and settles on Base, Marqeta issues and processes.
regulation
EBA classifies USDC as EU's first significant e-money token under MiCA, direct supervision begins November 12
The European Banking Authority designates Circle's USDC the first significant EMT under MiCA, taking direct responsibility for reserve and liquidity rules from France's ACPR on November 12.
infrastructure
Mastercard launches Global Money Platform with BVNK, Nuvei and Marqeta as first integrators
Mastercard launches Global Money Platform on October 15, the first product from its $1.8B BVNK acquisition; Nuvei, Marqeta, Ontop, Beem and Almond FinTech are early customers.
regulation
Tether paid $6.3M to Nxum while co-owner Bo Hines ran White House crypto policy
WSJ reports Tether sent ~$6.3M to Nxum, a consulting firm one-third owned by then-White House crypto chief Bo Hines, starting while he was still in government.
regulation
Qivalis gets Dutch EMI licence under MiCA, clearing issuance path for 37-bank euro token
De Nederlandsche Bank authorised Qivalis B.V. as an electronic-money institution on October 14, the MiCA prerequisite to issue the consortium's euro-denominated EMT.
regulation
FSB publishes stablecoin cross-border vulnerabilities report ahead of G20 week
Bailey-chaired FSB warns stablecoins untested under severe stress, flags multi-issuer reserve geography and 24/7 trading as crisis-management gaps, days before the Oct. 15 G20 ministerial.
regulation
Standard Chartered opens RLUSD custody in Dubai, lines up LMAX collateral mirror
The bank's DIFC branch now holds Ripple's RLUSD on the XRP Ledger; a planned mirror lets clients post the balance as LMAX trading collateral without moving the token.
IMF Chapter 3 on tokenization: $2.3B equity market, 1.5x more volatile than traditional
The October 2026 Global Financial Stability Report publishes the IMF's first empirical slice of tokenized equities — small, more volatile, with 50%+ of trading off-hours.
regulation
French committee passes crypto exit tax and stablecoin-swap tax, then rejects the budget
France's Commission des Finances adopted amendments taxing crypto-to-stablecoin swaps and extending the exit tax to unrealized crypto gains, then voted the whole revenue section down 31-3.
exploit
Ledger-theft funds swap into USDD on SUN.io, past Tether's freeze reach
On-chain tracing by Specter and MistTrack shows the Ledger / CryptoBilis cluster swapping USDT for USDD through SUN.io on October 9, moving the stolen float onto a stablecoin Tether cannot blacklist.
protocol
Arbitrum joins Paxos' Global Dollar Network, routes DRIP toward USDG
USDG goes live on Arbitrum. The chain requests a 100M-ARB DRIP allocation to steer liquidity toward Paxos' stablecoin and away from USDC's ~60% dominance.
regulation
Conduit sues Tether in SDNY over $2.76M USDT frozen for 12 months
Conduit filed in SDNY on October 6, saying Tether's T3 unit froze $2.76M USDT on September 24, 2025 without a court order and keeps earning yield on reserves.
OpenZeppelin publishes CACEIS EURXT audit: zero critical, three low-severity findings
The MiCA-licensed euro EMT from Crédit Agricole's custodian cleared OpenZeppelin's May 20–21 audit with no high- or medium-severity issues.
protocol
Spiko raises $90M Series B led by NEA to expand tokenized cash funds
French tokenized money-market-fund issuer Spiko closed a $90M Series B led by NEA, taking AUM to $2.7B — on paper larger than BlackRock BUIDL or Franklin OnChain by that narrow slice.
regulation
OpenPayd files $1.145B Nasdaq SPAC with Titan, listing as OP by year-end
Stablecoin-rails fintech OpenPayd will merge with Titan Acquisition Corp. at a $1.145B equity value, up to $276M gross proceeds, Nasdaq ticker OP, close targeted Q4 2026.
regulation
Circle urges EU to drop MiCA bank-deposit mandate for stablecoin reserves
In its MiCA review submission, Circle argues the 30/60% bank-deposit floor concentrates credit risk and asks the Commission to replace it with a liquidity test.
protocol
Hyperliquid routes first $14.5M USDC reserve yield to HYPE buybacks under AQAv2
AQAv2's first Assistance Fund payment lands on October 3, 2026 — ~$14.5M in USDC reserve yield routed to HYPE buy-and-burn, on top of the trading-fee buyback engine.
regulation
ECB's Schnabel maps three models to put central-bank money on-chain
ECB board member Isabel Schnabel outlined three options for central-bank money on DLT in a London speech on Oct 1: direct DLT issuance, a TARGET bridge, or tokenized settlement claims.
regulation
ICBA sues OCC over crypto trust charters granted to Coinbase, Circle
The Independent Community Bankers of America filed suit in D.C. district court on Oct 2 to block an OCC rule letting crypto firms obtain national trust charters.
regulation
OFAC designates A7 Network as TCO, blocks A7A5 ruble stablecoin
US Treasury designated the A7 Network as a transnational criminal organization on Oct 1 and blocked its A7A5 ruble stablecoin, naming it as the pipe for $17B in sanctions-evasion flows used by Iran.
regulation
SEC proposes crypto custody framework for RIAs under Advisers Act
The SEC proposed Oct 1 to let registered investment advisers custody crypto with state-chartered trust companies, broker-dealers, or self-custody under conditions. 60-day comment window.
governance
Abracadabra proposes to wind down MIM at four cents on the dollar
A Snapshot vote would liquidate remaining collateral to ETH and pay MIM holders roughly $0.04 per token, closing out a stablecoin whose effective backing has collapsed.
protocol
AllUnity launches MiCA-regulated USD stablecoin USDAU on six chains
The DWS / Flow Traders / Galaxy joint venture ships USDAU under its BaFin e-money licence, live on Ethereum, Solana, Base, Polygon, Tempo and Arc.
regulation
Senate report calls USDT Iran's sanctions 'superhighway,' refers Tether to Treasury and DOJ
Blumenthal's PSI report finds 84% of 846 sanctioned Iran-linked wallets used USDT and asks Treasury and DOJ for an update by October 9.
regulation
FCA opens UK crypto authorization gateway with Feb 28, 2027 deadline
The Financial Conduct Authority began accepting cryptoasset firm applications on September 30, ahead of the regime taking effect October 25, 2027.
regulation
Six federal agencies miss GENIUS Act July 18 rulemaking deadline; effective date defaults to Jan 18, 2027
One year after Trump signed GENIUS into law, the OCC, FDIC, NCUA, Treasury, FinCEN and OFAC have eight proposed stablecoin rules and zero finalized — pushing the effective date to Jan 18, 2027.
regulation
Sony Bank wins conditional OCC nod for Connectia Trust USD stablecoin bank
Sony Bank's Connectia Trust NA — a $40M NY trust chartered to issue a USD-pegged stablecoin — cleared OCC conditional approval on July 7. Operations targeted for 2027 after final sign-off.
protocol
MetaMask ships Money Account on Monad with 4% APY on mUSD via Morpho
Consensys launched MetaMask Money Account on June 30 on Monad, paying up to 4% variable APY on mUSD routed through Morpho vaults curated by Steakhouse Financial, with Mastercard spending.
Ethena unlocks 40.63M ENA on July 2, with 171.88M cliff due July 5
The Foundation's monthly 40.63M ENA release hits July 2. Three days later a 171.88M cliff — 2.82% of circulating supply — arrives from the Core Contributors and Investors buckets.
regulation
FCA finalises UK crypto rulebook on June 30, drops stablecoin capital floor to 1%
FCA publishes final UK crypto rules June 30, 2026. Applications open Sept 30, close Feb 28, 2027; regime live October 2027; stablecoin capital floor cut from 2% to 1%.
infrastructure
BitGo cuts 15% of staff, pivots to AI infrastructure and stablecoins
BitGo CEO Mike Belshe announced on June 25, 2026 a ~15% headcount cut — about 90 jobs — and a refocus on security, trading, stablecoins, settlement and AI-powered infrastructure.
regulation
US Senate passes 21st Century ROAD to Housing Act, 85-5, with CBDC ban through 2030
The Senate folded a four-year CBDC prohibition into a bipartisan housing bill on June 22; stablecoins are exempt. The bill now returns to the House before Trump's signature.
regulation
Bank of England drops £20k stablecoin holding cap, sets £40bn per-issuer ceiling
BoE policy statement on sterling-denominated systemic stablecoins removes individual holding caps, adds a temporary £40bn cap per issuer, raises gilt share of backing to 70%. Feedback by 22 Sept.
infrastructure
Mastercard opens card settlement to stablecoins across eight chains
Mastercard's June 3 update lets issuers settle card flows on-chain in USDC, PYUSD, USDG, USDP, RLUSD and SoFiUSD across Ethereum, Solana, XRPL and five others.
regulation
Circle freezes Zama's cUSDC wrapper for $12.6M on TRO from federal court
A U.S. federal TRO in Newton AC/DC Fund v. Ermilov forced Circle to blacklist Zama's cUSDC contract at 01:08 UTC on May 30, 2026, locking 12.6M USDC.