HSBC and a joint venture led by Standard Chartered are expected to secure stablecoin licenses in Hong Kong. The Hong Kong Monetary Authority has received 36 applications under the new regulatory framework, with approvals potentially announced by March 24, 2026. Meanwhile, major companies like Mastercard and PayPal are expanding their stablecoin-related services, reflecting a growing interest in this sector.
The cross-border payment landscape is witnessing a significant shift as stablecoin-powered solutions gain institutional traction. Forex startup OpenFX successfully secured $94 million in Series A funding to scale its infrastructure, which bridges traditional banking with digital assets for faster foreign exchange…
Read the full storyU.S. Representatives Steven Horsford and Max Miller have introduced a bipartisan discussion draft for the Digital Asset PARITY Act to enhance market regulation. The proposed legislation seeks to standardize the tax treatment of digital assets by aligning them with traditional securities frameworks. A central provision…
Obex, an incubator backed by the Sky ecosystem, has announced plans to deploy $1 billion into tokenized Real-World Assets (RWA). The initiative is designed to transition the ecosystem's stablecoins, including USDS and DAI, away from purely "circular" crypto-native yields toward sustainable economic activity. The…
Circle shares plummeted 20% following a US legislative proposal to ban yield-bearing stablecoins, prompting Ark Invest to buy the dip with a $16 million investment. In a significant update, Coinbase has officially declined to support the revised draft of the "Clarity for Payment Stablecoins Act." The exchange's…
Tether officially announced on Tuesday, March 25, that it has engaged a Big Four accounting firm to conduct the first-ever comprehensive audit of its USDT reserves. The company described the upcoming engagement as the "biggest ever inaugural audit in the history of financial markets," highlighting the unprecedented…
HSBC and a joint venture led by Standard Chartered are reportedly poised to become the first major financial institutions to receive stablecoin issuance licenses in Hong Kong. The Hong Kong Monetary Authority (HKMA) has received a total of 36 applications under its newly established regulatory framework for digital…