๐ UPDATE:ย @Zelle plans a ZLUSD stablecoin
The payments platform has announced its own Zelle stablecoin backed 1:1 with U.S. dollars to be released at a future date.
This comes as part of its parent company, Early Warning, strategic move to expand the network managed by banks and credit unions to overseas, starting out with expansion to India.
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๐ UPDATE: @MassPay_io and @coinbase announce partnership
MassPay and Coinbase officially partner to offer enterprises global stablecoin disbursements.
The former allows an API for stablecoin payouts orchestration, while the latter provides a platform for USDC stablecoin funding and conversion to manage corporate operations.
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๐ UPDATE:ย @FederatedHermes launches a fund for issuers
Federated Hermes has officially launched their Federated Hermes Money Market Management Digital Treasury Fund. Intended for U.S. stablecoin issuers, the fund will own 90 day U.S. Treasuries and Repurchase Agreements to comply with the Genius Act.
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๐ UPDATE:ย @StablREuro has given an incident update
The stablecoin issuer has released an official announcement about the incident that occurred a few weeks back.
The team had initiated a recovery plan and currently all stablecoin issuance and minting capabilities for both the EURR and USDR stablecoins are frozen, including regular trading activity on exchanges.
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We're excited about the US CLARITY Act.
We think all YC companies will use crypto technology, like stablecoins, before long. Not just crypto startups, not just fintech startups, but every company.
Here's why this law is such a big deal ๐งต
https://t.co/39hENfAIZk
๐ UPDATE:ย @altitude launches a stablecoin card
The platform bringing businesses onchain has officially launched its first card for stablecoin balances.
Teams will now be able to spend their stablecoins for startup expenses and travel under custom policies, collaborating with Visa and offering 2% stablecoin cashback.
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๐ UPDATE:ย @tether invests into @NEURARobotics
Neura Robotics has officially raised its Series C financing of $1.4B, with Tether being one of the leading investors.
The company has chosen the European robotics manufacturer as a long-term bet on the rise of Physical AI and the accompanying robotics innovation happening in both industrial and consumer-facing use-cases.
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๐ UPDATE:ย Japan will soon have its own bank-issued stablecoin
The country will see several large banks, including Mizuho Bank, MUFG Bank, and SMBC Group continue to work together on officially issuing a joint Yen-backed stablecoin planned for end of 2026/early 2027.
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๐ UPDATE:ย @ethena partners with @JanusHenderson and @centrifuge
The stablecoin issuer for USDe has officially partnered with traditional fund asset manager Janus Henderson.
With a collaboration from onchain asset management platform Centrifuge, Ethena will seek to add a new collateral asset of JAAA CLO (Collateralized Loan Obligation) product.
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๐ UPDATE: @MassPay_io expands product offering on @circle's CPN
MassPay has expanded its global payouts on Circleโs CPN (Circle Payments Network). Specifically, the company now integrates CPNโs Managed Payments for stablecoin settlement to help businesses hold and manage stablecoins in treasury accounts.
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๐ UPDATE:ย @Morpho raises $175M in a new round
Morpho has announced it has successfully secured $175M from the industry to build out its vision for global onchain credit. This was led by Ribbit Capital, Paradigm and A16zCrypto, with more participation from SBI Group, Apollo, Variant Fund, Van Eck, Hashkey Capital, and others.
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๐ UPDATE:ย @ZodiaCustody receives an EU payment license
Zodia Custody has officially received an approval from the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg.
This will allow the company to continue scaling its Zodia Solutions, specifically for clients wishing to receive stablecoin-related services, including stablecoin custody and transfers across Europe.
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๐ UPDATE:ย @BancomatSpA EURBank stablecoin project is progressing
Bancomat has given an update on its Euro-backed stablecoin project, with a total of 9 participating domestic Italian bank.
The aim will be to test out intra-bank transfers from July onwards and grow the broader European stablecoin landscape, however, it will also consider a series of other tokenization and digital currency alternatives.
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"A typical stablecoin transaction, depending on the blockchain youโre doing it on, now costs under 1 cent and takes about one second."
Speaking at Urbana Corporationโs Private Equity Day, Tetra Digital Group CEO Didier Lavallee discussed how stablecoins are disrupting payments and finance.
As Didier explained, stablecoins combine the trust and familiarity of traditional currencies with the speed, efficiency, and programmability of blockchain technology.
Full clip is in the replies ๐
๐ UPDATE:ย @coinbase and @circle begin @HyperliquidX operations
Both companies are following through with their earlier announcements in May to support the Hyperliquid stablecoin ecosystem.
USDC has started to be deployed across new addresses, with Circle focusing on the technical assistance and Coinbase on the treasury management.
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๐ UPDATE:ย @Revolut may add U.S. stablecoin solutions
The global digital bank is aiming to scale its global presence and start growing more customer accounts across North America, with a potential roadmap to start offering select stablecoin solutions.
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