stable

Samsung SDS stated in its earnings call that its strategic investment in the South Korean cryptocurrency exchange Dunamu is a "strategic layout for entering the digital asset infrastructure business." Both parties are discussing cooperation on stablecoin infrastructure, next-generation AI payments, and virtual asset financial system integration (SI). Samsung SDS President Lee Joon-hee mentioned that they will combine Dunamu's blockchain operation experience with Samsung SDS's capabilities in IT services, AI, cloud computing, and security to strengthen the digital financial infrastructure business.The earnings report disclosed on the same day showed that Samsung SDS's revenue for the second quarter was 3.7178 trillion won (approximately 2.6 billion USD), a year-on-year increase of 5.9%; operating profit was 231.8 billion won (approximately 160 million USD), a year-on-year increase of 0.7%. Among them, the cloud computing business revenue was 779.4 billion won, a year-on-year increase of 17%, with external cloud computing business revenue surging 75% year-on-year. The company plans to expand its AI infrastructure from the current 110MW to 230MW by 2029, and further expand to over 800MW by 2031. Samsung SDS previously announced an investment of approximately 20 billion won in Dunamu in May 2024.

Rob Nichols, the President of the American Bankers Association, stated in an interview that the banking industry's lobbying group hopes for the passage of the CLARITY Act, but issues surrounding stablecoins still need to be resolved.The bill is about 600 pages long, and the banking industry only suggests making minor and precise modifications to two sections to prevent stablecoins from replacing bank deposits. They are referred to as payment stablecoins for a reason, not deposit stablecoins. However, he does believe that the cryptocurrency industry and the banking industry can coexist.

The stablecoin infrastructure company Brale has launched the ION Protocol, an interoperability system that allows participants to transfer stablecoins across blockchains by destroying tokens on one chain and minting tokens on another chain. The ION Protocol is now live on the testnet.Currently, there are over 350 types of stablecoins in the market, with a total market capitalization exceeding $300 billion, and market growth is accompanied by fragmented liquidity. Brale stated that, unlike traditional blockchain bridges that rely on pre-funded liquidity pools, ION aims to reduce capital requirements and address liquidity bottlenecks in the scaling of custom stablecoins.

According to The Block, Tether's compliant stablecoin USA₮ (USAT) has officially launched on the Celo mainnet, marking its second mainnet deployment after Ethereum. The token is issued by Anchorage Digital Bank and can be natively minted and redeemed on Celo, and can be directly used for on-chain gas payments through Celo's fee abstraction mechanism.USAT launched in January this year, with a current market capitalization of approximately $185 million.

According to ChianCatcher news, the stablecoin credit protocol Ebisu Finance announced today that it has decided to gradually shut down the project. Users need to quickly close remaining Troves, withdraw Stability Pool deposits, and ebUSD DEX liquidity. The minting of ebUSD has been suspended, and the front end will be deprecated in 3 months on October 30.This protocol is a fork of Liquity V2, supporting new collateral types and adjustable risk parameters. It has been running for over a year and has passed two audits. Ebisu aims to provide fixed-rate, open-term credit through ebUSD, with collateral including blue-chip yield-bearing assets such as LRTs, but the team has failed to expand ebUSD liquidity to support meaningful lending volumes.The project explored multiple solutions, including liquidity optimization, multi-chain expansion, structured products, and acquisition opportunities, but none addressed the core bottleneck of the CDP protocol: stablecoin liquidity and sustainable demand. The team stated that there are no plans for the launch or airdrop of EBISU tokens and thanked supporters, inviting other teams to contact them for permission to use their tech stack.

Circle's Senior Director of Strategy and Policy for the EU, Patrick Hansen, pointed out that since the implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), approximately 35 electronic money tokens (EMT) from 21 institutions have obtained compliance certification, with banks and electronic money institutions entering the market, showing a good momentum for local issuance.However, among the top 50 stablecoins globally, currently only USDC, USDG, and EURC meet MiCA requirements, while the rest remain outside the regulatory framework, leaving EU users facing a dual dilemma of lack of protection or being forced to cut off access. Hansen believes that for MiCA to truly become a global regulatory blueprint, it must achieve two goals simultaneously: first, to promote local EMTs to go global with competitive systems; second, to establish a recognition mechanism for compliant stablecoins from abroad, attracting global issuers into the MiCA regulatory framework, rather than making local issuance the only entry path.

According to Cointelegraph, the UK's Financial Conduct Authority (FCA) has released a policy research report titled "Stablecoin Sprint," gathering opinions from industry participants such as banks, payment companies, and stablecoin issuers.The report points out that stablecoins have recently shown significant advantages in the field of cross-border payments, especially providing substantial assistance to emerging markets with limited access to US dollar channels; however, in the domestic retail payment scenario in the UK, the existing payment systems are already relatively fast and inexpensive, leading to a lack of motivation for consumers to switch, and the adoption speed is expected to lag behind. The findings of the above research have been incorporated into the final regulatory rules released by the FCA on June 30, which require that stablecoins issued in the UK must be fully backed by reserve assets and redeemable at face value.

Visa announced its third-quarter financial report for fiscal year 2026, with revenue of $11.6 billion, a year-on-year increase of 14%. Payment transaction volume, cross-border transaction volume, and processed transactions all achieved double-digit growth. In the earnings call, Visa outlined its stablecoin strategy, stating that it is actively investing in various levels of the stablecoin stack, including blockchain, issuance, wallets, infrastructure, and applications. The company announced its membership in the OpenStandard alliance, which plans to issue the OpenUSD stablecoin for global capital flow.The Visa stablecoin platform will provide partners with stablecoin settlement, on-chain wallet-as-a-service infrastructure, and exchange services between fiat and stablecoins, initially supporting OpenUSD. The platform will also integrate with Pismo to provide tokenized deposit support for financial institutions and plans to introduce third-party tokenized deposit infrastructure providers in the future. Visa views stablecoins and AI as complementary technologies, believing that "agent commerce will expand the reachable market and drive future growth." Cross-border transaction volume increased by 13% year-on-year, while processed transaction volume grew by 10%.

Fox Business crypto reporter posted on the X platform that former NCUA Chairman Rodney Hood stated last week that credit unions play an important role in the modernization of the financial system. A few days later, Americas CUs and the credit union leagues from all 50 states supported the majority of the Clarity Act, but echoed the banking industry's concerns about the stablecoin revenue provisions of the bill, urging senators to strengthen the language.These groups believe that the current Tillis-Alsobrooks compromise still may allow for a "functionally passive" reward structure, which could lead to deposits flowing out of local credit unions.

The Kenyan National Treasury has reduced the minimum paid-up capital requirement for stablecoin issuers by 40%, to approximately $2.32 million, down from nearly $3.9 million in the draft rules from March last year.Under the new regulations, the Central Bank of Kenya (CBK) will oversee stablecoin issuers and other virtual asset service providers, and may require local platforms to cease offering offshore-issued tokens. The framework requires at least 30% of customer funds to be held in independent trust accounts at Kenyan commercial banks, with the remaining funds invested in qualified local assets. The fiat-backed stablecoin reserves must be consistent with the anchor currency.Issuers are required to maintain either $463,300 in liquid capital or 100% of their liquid liabilities, whichever is higher, and hold qualified reserve assets on a 1:1 basis. Issuers must also conduct quarterly stress tests, submit monthly reserve and transaction reports, and ensure that customers can redeem tokens at face value within two business days.

The bank holding group BIND Group, managing assets over $2 billion, is developing a stablecoin pegged to the Argentine peso through its virtual asset service provider BEN, offering programmable currency services to institutions. BIND Group also announced a partnership with Circle to provide BEN clients with institution-level payment and fund management services that comply with local regulatory requirements.Petersen Group is also advancing a second peso stablecoin initiative through a subsidiary, supported by the crypto-as-a-service company Lirium. The product, named DIPE, has a white paper; Lirium provides related solutions for Banco Galicia and Brubank. The aforementioned projects are promoted by companies supported by the banking group, rather than services provided directly by the banking group. The Central Bank of Argentina has prohibited private banks from offering crypto-related services to customers since May 2022.These products are primarily aimed at institutional scenarios, with use cases including fund management, payments triggered by on-chain events, and collateral credit management. In March, the Argentine securities regulator determined that the stablecoin argt, pegged to the peso, is classified as a security and was not issued in compliance with regulations.

Rachel Busch has joined the stablecoin payment blockchain Tempo to lead communications. Previously, she served as Senior Manager of Corporate Communications at Circle, where she participated in telling the story of USDC and the internet financial system, and will continue to engage in the global stablecoin narrative.According to information from RootData, Tempo is a high-performance Layer 1 blockchain developed in collaboration between Stripe and Paradigm, aimed at payment scenarios, supporting mainstream stablecoins. It launched its mainnet in March 2026, having completed a $500 million Series A funding round in October 2025, with a valuation of $5 billion.

Connor Fitzgerald, the head of partnerships at payment company Stripe, tweeted that he has stepped down this week.During his tenure, Connor Fitzgerald facilitated partnerships between Stripe and companies like Visa, supporting wallet/fintech companies in issuing Visa cards backed by stablecoins.

Recently, the gold and silver markets have continued their upward trend, with high trading activity in the metals sector. According to market data from the Gate platform, gold (XAU) reached a 24-hour high of $4116.37, currently reported at $4096.54, with a 24-hour increase of 0.89%; silver (XAG) reached a 24-hour high of $60.16, currently reported at $59.51, with a 24-hour increase of 1.74%. According to CoinGlass data, the open interest for Gate XAU contracts reached $219 million, and the open interest for Gate XAG contracts reached $58.7915 million, both ranking among the top two in the industry.

CryptoQuant analyst Darkfost stated that since 2025, the inflow of stablecoins into exchanges has been continuously declining, reaching the lowest level since that period. Currently, the monthly average inflow of stablecoins (USDT, USDC) is about $2.3 billion, with an annual average inflow of about $3.7 billion. When the price of Bitcoin reached its historical peak, the monthly average inflow was $5.6 billion, and the annual average inflow was $4.3 billion. This dynamic clearly indicates the current weak demand and lack of investor interest. However, it is important to note that when the inflow of stablecoins peaks, it is often a lagging signal. When some investors accelerate profit-taking, exchanges increase the supply of stablecoins, while new investors continue to bet that the price of Bitcoin will keep rising. Currently, market demand still needs improvement.

According to Whale Alert monitoring, USDC issuer Circle has minted an additional 250 million USDC through USDC Treasury.

According to PR Newswire, stablecoin operator Notabene announced a strategic investment from Ripple, with the specific investment amount not disclosed. The two parties will collaborate on enterprise-level stablecoin payments, including the integration of Ripple's USD stablecoin RLUSD into Notabene Flow B2B stablecoin payment platform.They also plan to further expand the application of RLUSD in institutional payment networks, accelerating the adoption of compliant stablecoin infrastructure by banks, payment institutions, and fintech companies.