stable

According to official news, USDC issued by Circle will become the first supported stablecoin on the digital asset custody platform of global financial services company BNY, with both parties deepening their cooperation on institutional-grade stablecoin services.BNY clients can now hold USDC in their digital asset custody wallets and instruct Circle to mint USDC from dollars or redeem USDC for dollars, covering the complete lifecycle of institutional stablecoin business.Circle's Chief Business Officer Kash Razzaghi stated that this cooperation is a continuation of the long-term relationship between the two parties, connecting on-chain assets with traditional assets for BNY clients. In the future, both parties plan to expand this capability to more stablecoin issuers and digital cash workflows.

With the European Union's Markets in Crypto-Assets Regulation (MiCA) officially coming into full effect on July 1, 2026, it marks the beginning of a new era of unified regulation in the European digital asset market. As the global regulatory framework continues to improve, stablecoin payments are evolving from a focus on "pure efficiency" to "compliance, transparency, and trust," accelerating their transformation into core infrastructure for enterprise-level payments.As a provider of enterprise-level stablecoin payment infrastructure, WasabiCard consistently practices a "compliance first" development philosophy. By continuously strengthening core risk control capabilities such as AML (Anti-Money Laundering), KYC (Know Your Customer), and KYB (Know Your Business), it is committed to building a secure, transparent, and sustainable foundation for global payments.As stablecoins rapidly penetrate core business scenarios such as enterprise treasury management, cross-border payments, and B2B settlements, compliance capability has become the primary consideration for enterprises when choosing payment channels. In the future, WasabiCard will leverage its core capabilities of "global issuance, stablecoin payments, global remittance, and fund distribution" to deeply integrate a comprehensive compliance system with business scenarios, helping global enterprises confidently navigate the evolving regulatory environment and significantly enhance the security and compliance efficiency of their global operations.

According to the Bangkok Post, the Bank of Thailand is advancing a 1:1 baht-backed stablecoin plan and expects to launch a public consultation (open call for opinions) on the related proposal by the end of this year.

American Express is hiring a Vice President of Stablecoin and Blockchain Partnerships and Strategy in New York, responsible for formulating the company's overall strategy in the fields of programmable currency, stablecoin payments, and blockchain financial infrastructure, promoting collaboration with stablecoin issuers, blockchain networks, tokenization platforms, wallets, and fintech companies, and overseeing projects such as stablecoin payments, tokenized settlements, digital identity, and programmable commerce from concept validation to implementation.

StableStock officially launched its leveraged spot trading feature today. Users can now directly use stablecoins to conduct leveraged spot trading on global market targets, accessing the real stock market through stablecoins.Leveraged spot trading supports zero interest for intraday trading: positions opened and closed before the end of the day's after-hours session do not incur interest, with only the overnight portion subject to interest calculation according to the rules, effectively reducing the holding costs for active traders. This covers major global markets, allowing for leveraged trading on over 700 targets, with a maximum leverage of about 10 times, including SK Hynix, Samsung Electronics, Zhizhu, and many popular US stocks; in addition to individual stocks, several short (inverse) ETFs are also included, providing options on both long and short sides.StableStock CEO Zixi stated: "Leveraged spot trading further connects stablecoin settlement with the real stock market, marking another step for stablecoins from being a settlement tool to becoming an entry point for real asset trading."Users must complete identity verification (KYC) and transfer funds to the leveraged account before use; interest calculation, forced liquidation, and other details are subject to the product page. Leveraged trading will amplify both gains and losses, so please use it cautiously.StableStock is supported by institutions such as YZi Labs, MPCi (Matrix Partners China), and Vertex Ventures, and currently supports trading on approximately 1,400+ global stock targets, with plans to continue expanding into more markets and categories.

According to Crowdfundinsider, Nasdaq-listed Lion Group Holding Ltd. plans to invest up to $12 million in Indonesian fintech company PT Nusantara Bumi Sangkara through Meili Capital Management Ltd., in exchange for a 10% indirect economic interest via the issuance of common stock or equity-linked securities, with no cash payment involved.Nusantara Bumi Sangkara is developing the Indonesian Rupiah stablecoin NIDR, which is pegged 1:1 to the Indonesian Rupiah and backed by reserve assets, aimed at reducing cross-border payment costs and supporting blockchain financial services. The company has received regulatory approval or confirmation from the Indonesian Financial Services Authority and is expected to become one of the first compliant stablecoin issuers in the country.

According to The Block, the Bank for International Settlements (BIS) pointed out in its "2026 Annual Economic Report" that current stablecoins do not meet monetary standards in terms of singularity, resilience, interoperability, and integrity, and their operational model is closer to ETFs rather than payment tools.The report estimates that even if the market value of stablecoins expands to between $1 trillion and $3 trillion, the net effect on economic output will still be slightly negative, while also exacerbating banks' financing pressures and weakening credit capacity. The BIS also warned of the risk of "stablecoin dollarization" in emerging economies, which could erode their monetary sovereignty.The report suggests using central bank currencies as a benchmark to construct a "unified ledger" that encompasses tokenized central bank reserves and commercial bank currencies as an alternative, and uses the Project Agora cross-border payment prototype as a feasibility proof.

The Hong Kong government stated in a written response to the Legislative Council that the Hong Kong Monetary Authority will grant stablecoin issuer licenses to two bank-backed institutions in April 2026. According to the existing business plans of the two institutions, the regulated stablecoins in Hong Kong are expected to be launched in the middle to the second half of this year.The Hong Kong government mentioned that the Monetary Authority has sent letters to unregulated entities operating stablecoin issuance businesses in the market explaining the legal requirements and will continue to follow up; cases may be referred to the police or the Department of Justice if necessary. The government also stated that it will submit a bill to the Legislative Council this year to establish a regulatory framework for providers of virtual asset trading, custody, consulting, and management services.

Stablecoin infrastructure company StablecoinX announced that it has completed its merger with special purpose acquisition company (SPAC) TLGY Acquisition Corp and officially listed on Nasdaq this Friday, with the stock ticker "USDE".It is reported that StablecoinX is the first publicly listed stablecoin infrastructure company focused on supporting the Ethena ecosystem, with core businesses including decentralized validation nodes and stablecoin middleware software. Currently, the company's treasury holds approximately 3 billion Ethena governance tokens ENA (about 20% of the total supply), valued at approximately $275 million. Affected by the overall downturn in the cryptocurrency market, the market capitalization of Ethena's synthetic dollar stablecoin USDe has decreased by about 70% from its peak of $14 billion last October to the current $4.5 billion.

According to Jinshi News, the Governor of the Bank of Thailand stated that banks will be allowed to issue Thai baht stablecoins this year.

Stablecoin native payment company Daya has completed a $2.4 million Pre-Seed round of financing, led by Hivemind Capital, with participation from Lattice, Alliance, Globelink, and the Aptos Foundation. Daya was co-founded by Nigerian entrepreneurs Aleph L and Paul Joe, who previously co-founded Helicarrier (an early African crypto exchange and stablecoin remittance platform) and have worked at Circle, Microsoft, and Lyrik Ventures. It is reported that Daya aims to build a financial operating layer for cross-border businesses in Africa, integrating local banks, foreign exchange, crypto withdrawals and deposits, and payment processors through a single dashboard to achieve automated routing of optimal payment paths.

According to Cointelegraph, cryptocurrency infrastructure company BitGo Holdings announced layoffs of about 15%. BitGo co-founder and CEO Mike Belshe stated that this move aims to optimize team structure and focus resources on core areas such as security, trading, stablecoins, settlement, and AI-driven infrastructure.According to data disclosed in BitGo's annual report (with a total of 603 full-time employees by the end of 2025), this round of layoffs may involve about 90 people. Belshe described this as a "one-time adjustment" and does not expect further job cuts in the future. Affected by related news and the overall downturn in the cryptocurrency market, BitGo's stock price (BTGO) fell 4.67% to $4.80 on Thursday, down nearly 73% from its issuance price of $18 when it went public in January this year.

Asset management giant Invesco is planning to launch a new money market fund aimed at stablecoin reserves. According to its amended filing with the U.S. SEC, Invesco intends to add the "Invesco Stablecoin Reserves Onchain Fund" to its Short-Term Investments Trust product lineup. The fund has not yet disclosed a code and will primarily invest in high-quality short-term assets, including U.S. Treasury securities, repurchase agreements, and cash equivalents, with the goal of maintaining a stable net asset value of $1 per share and providing daily liquidity.This product is designed for stablecoin issuers, allowing them to hold compliant reserves under the GENIUS Act reserve framework while earning returns. As of May 31, Invesco manages approximately $2.45 trillion in assets. The fund will also introduce blockchain infrastructure company Superstate as a secondary transfer agent for tokenized shares, recording fund shares on a yet-to-be-disclosed designated public blockchain. Recently, several Wall Street institutions, including State Street, have also launched similar products, indicating that traditional asset management giants are accelerating their competition for stablecoin reserves and the tokenized money market fund market.

According to The Block, since June 2026, the Google search volume related to "stablecoins" has dropped to 31, a significant decline from 98 in May and down over 69% from the historical peak of 100 in August 2025. Even if the current trend is annualized, the search volume in June is only about 45, with a month-on-month decline of approximately 54%.At the same time, the total supply of global stablecoins has fallen by about $5 billion after reaching a peak of around $300 billion in early June, with a cumulative growth of only 0.23% this year, far below the growth rates of 56% in 2024 and 46% in 2025.The report points out that the peak in search volume in August 2025 coincided closely with the advancement of the GENIUS Act and announcements from institutions like Stripe, Visa, and Mastercard regarding the issuance of stablecoins. The current decline in both search volume and supply indicates that 2025 may have been the stage for large-scale retail user adoption, and there is currently no new large-scale retail incremental capital flowing in at the same cost.

According to The Block, Spark and Uniswap have jointly launched the stablecoin exchange system FX Layer. It is reported that FX Layer aims to help institutions trade between tokens pegged to the US dollar by creating a shared pool for issuers to access, minimizing slippage.Spark stated that it will migrate $150 million from its USDS ecosystem to Uniswap v4 to establish a liquidity foundation for the swap pool supporting USDS, Tether's USDT, and PayPal's PYUSD.FX Layer acts as a shared liquidity and trading infrastructure on Uniswap v4, allowing multiple stablecoin issuers such as banks, fintech companies, and payment companies to access a universal system instead of building and launching their own liquidity pools, market makers, and inventory management. Spark serves as the orchestration layer, deciding how to allocate, manage, and coordinate liquidity among different stablecoins, while Uniswap provides a programmable AMM architecture.

Animoca Brands announced on the X platform that the company has made a strategic investment in the stablecoin payment infrastructure provider AllScale, with the specific amount undisclosed. Animoca Brands stated that in addition to the investment, both parties will also explore collaboration opportunities to support global payment flows and emerging agency commerce use cases within its ecosystem.

According to official news, Ripple and SBI Holdings announced that the RLUSD stablecoin has officially launched in Japan and received approval from the Financial Services Agency of Japan, opening up to institutional and retail users through the VCTRADE platform of SBI VC Trade. RLUSD is classified as a new type of electronic payment tool under Japan's Payment Services Act, designed to meet the safety and regulatory standards for foreign-issued stablecoins. Jack McDonald, Senior Vice President of Ripple's stablecoin division, stated that this launch is an important step in expanding access to regulated US dollar stablecoins for Japanese financial institutions and businesses, with RLUSD serving as a bridge for payments, tokenization, and collateral management.

Abracadabra Finance announced that it has recognized the depegging issue of the MIM stablecoin and is taking emergency measures. Starting today, it will gradually increase the interest rates of all Cauldrons (including deprecated markets) to encourage debt repayment and reduce the circulating supply of MIM. The current depegging provides borrowers with a natural incentive to repay their debts at a discount, which helps accelerate supply contraction. Direct incentives and Curve bribes will be suspended until MIM regains its peg. The team stated that it is evaluating additional recovery plans and will announce them in a timely manner.Data shows that MIM is currently priced at $0.5027, with a 24-hour decline of 36.65%.