Stablecoin


Consensus Toronto 2025 Coverage

PayPal Crypto Head Says Banks Are Needed to Unlock Full Stablecoin Potential

At Consensus 2025, leaders from PayPal and MoneyGram pointed to regulation, real-world utility and trust as keys to stablecoin growth.

Jose Fernandez da Ponte, senior vice president of digital currencies at PayPal, speaks at Consensus 2025.

Juridique

U.S. Senate's Stablecoin Push Still Alive as Bill May Return to Floor: Sources

The legislation to regulate stablecoin issuers hit a big bump a week ago, but negotiations continued and the latest version may move again.

U.S. Senators Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) (Shutterstock/CoinDesk)

Consensus Toronto 2025 Coverage

Banks Exploring Stablecoin Amid Fears of Losing Market Share, BitGo Executive Says

BitGo’s stablecoin-as-a-service has drawn significant interest from U.S. and international banks, Ben Reynolds said.

Ben Reynolds, director of stablecoins at BitGo, at Consensus 2025 by CoinDesk

Consensus Toronto 2025 Coverage

Stablecoins Bring 'Meaningful Innovation for Global Payments,' Ripple Exec Says

Ripple and Kraken executives said at Consensus 2025 that stablecoin adoption is at a tipping point to become an integral part of the global payment system.

Consensus 2025: Kraken and Ripple

Finance

Anchorage Digital to Acquire USDM Issuer Mountain Protocol in Stablecoin Expansion Move

The deal aims to strengthen Anchorage Digital’s role in the institutional stablecoin ecosystem, CEO Nathan McCauley said.

Anchorage CEO: Regulation Is 'Fundamentally Bullish' for Crypto Space

Finance

Meta Is Looking to Enter Red-Hot Stablecoin Market: Fortune

The tech giant reportedly also hired a vice president of product with crypto experience to help with the stablecoin efforts.

WASHINGTON, DC - JANUARY 31: Mark Zuckerberg, CEO of Meta testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC. The committee heard testimony from the heads of the largest tech firms on the dangers of child sexual exploitation on social media. (Photo by Alex Wong/Getty Images)

Marchés

Kyrgyzstan's Gold-Backed Dollar Pegged Stablecoin USDKG to Debut in Q3

The stablecoin will be backed by $500 million in gold from the Kyrgyz Ministry of Finance, with plans to expand reserves to $2 billion.

gold bars (Philip Oroni/Unsplash+)

Finance

Tether’s U.S.-Focused Stablecoin Could Launch Later This Year, CEO Paolo Ardoino Says

The company's U.S. plans depend on the final stablecoin legislation, and is aiming to create a "payment product" that institutions can use, Paolo Ardoino said in a CNBC interview.

Tether. (CoinDesk archive)

Finance

SEC Ditches PayPal's PYUSD Probe, Removing Key Regulatory Hurdle for Its Stablecoin

The SEC subpoenaed PayPal in late 2023 over its dollar-backed stablecoin.

(Getty Images)