🧵 Stable School News: Weekly Roundup (Aug 1)
New laws. Giants on the horizon. Billions in fresh capital.
Stablecoins are pushing into payments, banks, and global finance, powered by moves from @Visa, @circle, Korea, and Hong Kong.
Here’s what happened this week 👇
New laws. Giants on the horizon. Billions in fresh capital.
Stablecoins are pushing into payments, banks, and global finance, powered by moves from @Visa, @circle, Korea, and Hong Kong.
Here’s what happened this week 👇
TL;DR:
– @Visa and @FISGlobal push stablecoins into payments
– @circle integrates $USDC with TradFi rails
– Trump’s task force urges faster rule clarity
– Korea pivots, banks prep local stablecoins
– @RD_Technologies raises $40M ahead of HK licensing
– @Visa and @FISGlobal push stablecoins into payments
– @circle integrates $USDC with TradFi rails
– Trump’s task force urges faster rule clarity
– Korea pivots, banks prep local stablecoins
– @RD_Technologies raises $40M ahead of HK licensing
1/ Visa expands its stablecoin settlement network.
Now supporting $PYUSD, $USDG, and $EURC, plus @StellarOrg and @avax alongside @Ethereum and @Solana.
@Visa’s goal: multi-chain, multi-coin settlement that works globally, just like card payments.
investor.visa.com/news/news-deta…
Now supporting $PYUSD, $USDG, and $EURC, plus @StellarOrg and @avax alongside @Ethereum and @Solana.
@Visa’s goal: multi-chain, multi-coin settlement that works globally, just like card payments.
investor.visa.com/news/news-deta…
2/ @circle teams up with @FISGlobal to bring $USDC to mainstream payments.
USDC will run through FIS’s Money Movement Hub - used for ACH, wires, and FedNow.
GENIUS Act compliance + TradFi rails = real momentum for digital dollars.
cointribune.com/en/circle-and-…
USDC will run through FIS’s Money Movement Hub - used for ACH, wires, and FedNow.
GENIUS Act compliance + TradFi rails = real momentum for digital dollars.
cointribune.com/en/circle-and-…
3/ Trump’s crypto task force wants faster action.
Led by @davidsacks47, the group is urging regulators to clarify trading, custody, and tax rules to speed up adoption.
Two more crypto bills now head to the Senate.
cointelegraph.com/news/trump-cry…
Led by @davidsacks47, the group is urging regulators to clarify trading, custody, and tax rules to speed up adoption.
Two more crypto bills now head to the Senate.
cointelegraph.com/news/trump-cry…
4/ Korea steps up on stablecoins.
The central bank drops “research” from its CBDC lab and forms a stablecoin group. Seven banks plan to launch tokens after pausing a Bank of Korea-led project.
Two competing stablecoin bills now in play.
ledgerinsights.com/korean-central…
The central bank drops “research” from its CBDC lab and forms a stablecoin group. Seven banks plan to launch tokens after pausing a Bank of Korea-led project.
Two competing stablecoin bills now in play.
ledgerinsights.com/korean-central…
5/ Hong Kong’s @RD_Technologies raises $40M ahead of stablecoin licensing.
Backed by HongShan, @HivemindCap, ZA Global, and others, RD will apply as new Hong Kong Monetary Authority rules take effect Aug 1.
The stablecoin race in Asia is heating up.
forbes.com/sites/zinniale…
Backed by HongShan, @HivemindCap, ZA Global, and others, RD will apply as new Hong Kong Monetary Authority rules take effect Aug 1.
The stablecoin race in Asia is heating up.
forbes.com/sites/zinniale…
Stay tuned with @Scroll_ZKP and @stable_summit for what happens next.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
