stablecoin

The Web3 asset data platform RootData has outlined 104 partners of Arc, covering six core sectors: asset issuance, infrastructure, developer tools, trading, financial services, and payments. Compared to most public chains that first develop a developer ecosystem and then seek commercialization scenarios, Arc's path is clearly more aligned with the real financial circulation network. At the asset issuance level, stablecoin issuers such as AllUnity, BDACS, Bitso/Juno, and Stablecorp, as well as tokenized asset players like Centrifuge, Securitize, and WisdomTree have entered the scene, indicating that Arc prioritizes solving the "on-chain asset supply" issue, bringing dollars, bonds, and securities onto the chain. At the infrastructure level, partners like Blockdaemon, Chainalysis, Elliptic, QuickNode, and DRPC provide node services, compliance analysis, and on-chain data support. This means Arc is preparing for institutional funds, rather than following the typical Crypto public chain model of "growth first, compliance later." At the developer tools level, partners such as Axelar, Wormhole, Chainlink, MetaMask, Fireblocks, Privy, Alchemy, LayerZero, and TRM Labs are concentrated, essentially lowering the migration costs for institutions and developers, allowing funds, wallets, cross-chain, and compliance tools to be directly in place. At the trading level, institutions like Coinbase, Bybit, Kraken, Robinhood, Galaxy Digital, and B2C2 are responsible for secondary market liquidity and price discovery. The payment layer is heavily integrated by Visa, Mastercard, PhotonPay, Nuvei, EBANX, and Ramp. At the financial services level, firms like BlackRock, Goldman Sachs, HSBC, State Street, Aave, Maple Finance, Morpho, and BitGo are appearing simultaneously, indicating that Arc has begun to bridge traditional banking, on-chain lending, and custody systems. On the surface, Arc appears to be a new public chain, but from an ecological structure perspective, it will serve as the new financial infrastructure for the Circle stablecoin era, directly emphasizing USDC gas fees, sub-second final settlement, compliance privacy, and native CCTP integration, aiming to directly penetrate real capital flows and attempt to become SWIFT + Stripe + DTCC. Related compilation: Arc Web3 Partner Network Compilation (continuously updated) Cryptocurrency projects actively showcasing their partner networks have become a key way to enhance transparency and market trust. It is reported that RootData welcomes Web3 projects to claim their information and continues to track and open more project business relationship disclosure channels. The platform has continuously released multiple editions of the cryptocurrency project ecosystem map, nominating Web3 ecosystem partners for upstream clients like Visa, Mastercard, and Coinbase. If you wish to nominate your project in future ecosystem maps, please fill out the [RootData 2026 Industry Ecosystem Mapping] form to supplement your important clients and partners.

The U.S. Senate Banking Committee recently advanced the Digital Asset Market CLARITY Act with a bipartisan vote of 15 to 9, marking a step forward in the regulatory framework for the U.S. crypto market. Research institution HashKey Group pointed out that if the bill is enacted, it will significantly enhance compliance certainty for institutional investors participating in the crypto market and strengthen the core position of the U.S. dollar stablecoin in the global digital financial system.Analysts believe that a clearer U.S. regulatory framework will encourage banks, asset management institutions, and sovereign funds to more widely adopt compliant stablecoins for cross-border payments, settlements, and fund management, especially with more evident demand in the Asian market. However, at the same time, the U.S. restrictions on "yield-bearing stablecoins" may create structural spillover effects. HashKey researcher Tim Sun stated that if the U.S. strictly limits the stablecoin yield mechanisms, capital may flow to the Asian market or indirectly seek higher yields through "wrapped products."The report noted that the Asian market (such as Hong Kong and Singapore) features active cross-border trade, frequent capital flows, and local currencies that are more susceptible to external shocks. In an environment of high U.S. dollar financing costs, U.S. dollar stablecoins will become an important liquidity tool. However, the analysis also emphasized that this competition is not a zero-sum game. As the CLARITY Act progresses, the global competitive focus may shift from "trading platforms and token issuance" to "stablecoin liquidity channels and control over financial infrastructure," meaning who can more efficiently connect U.S. dollar liquidity, regional assets, and compliant financial channels.

Democratic Senator Jack Reed stated at the CLARITY bill hearing that Iran is using cryptocurrency to procure sensitive goods, and the drones they are acquiring are wreaking havoc in the Persian Gulf. Moreover, most of this funding has turned into stablecoins. If we truly support our military, we should cut off their (Iran's) funding sources.

According to CoinDesk, Los Angeles-based stablecoin-driven digital bank Fasset announced the completion of a $51 million Series B financing round, with investors including Japan's SBI Group, Investcorp, and Turkish asset management company Arz Portföy. The valuation for this round has not been disclosed.Fasset covers over 50 payment channels across Asia, Africa, and the Middle East through stablecoin technology, serving over 1,000 small and medium-sized enterprises in 125 countries, with an annual transaction volume exceeding $32 billion. The company plans to use the funds from this round to expand into new markets, develop loan and trade financing products, and expand its proprietary stablecoin payment and custody infrastructure "Own Network." Additionally, Fasset has recently partnered with Tether, the issuer of USDT, to launch a gold-backed digital bank card.

TownSquare, focused on institutional yield and cross-chain lending brokerage services, announced the launch of a $100 million USD1 token liquidity program. This initiative aims to promote institutional yield and cross-chain returns to more users through institutional yield strategies using the USD1 stablecoin from the World Liberty Financial platform.Previously, TownSquare collaborated with the World Liberty Financial DeFi team to introduce the USD1 token to the high-performance EVM chain Monad and received official incentives from the Monad Foundation. The team officially stated that this new liquidity program marks TownSquare's ongoing commitment to expanding the application of DeFi and bringing institutional strategy yields to more assets. Currently, the project's official website has launched cross-chain lending functionality, and the yield-generating product is in an upcoming state.According to official information, the project has previously completed a round of financing supported by Monad, a16z, Aptos, Solana Bonk, as well as other angel investors and a number of VCs from Europe and America. The team consists of founders with backgrounds from Coinbase, Meta, Accenture, and market makers. Information about the project's new round of financing has not yet been announced.

According to Token Terminal data, as of May 13, the total market capitalization of euro stablecoins on-chain reached a historic high of $774.2 million. Ethereum dominates the euro stablecoin ecosystem, accounting for 66.2% of all tokenized euro stablecoins.The growth in the adoption of euro stablecoins reflects the increasing demand in the EU market for blockchain-based fiat currency alternatives, with multiple issuers and public chains competing for market share.

According to The Block, Anchorage Digital, a federally chartered crypto bank in the United States, has reached a partnership with Grupo Salinas, controlled by Mexican billionaire Ricardo Salinas Pliego, to provide a USD stablecoin payment rail to optimize cross-border USD settlements.Grupo Salinas will integrate Anchorage's stablecoin infrastructure into its cross-border payment processes through its crypto business Coinpro, aiming to shorten settlement cycles and introduce programmable, real-time settlement capabilities.Grupo Salinas also controls Banco Azteca, and Salinas himself has long supported Bitcoin. Anchorage Digital CEO Nathan McCauley stated that stablecoins are evolving from trading tools into core financial infrastructure. Previously, Western Union also announced that it would launch a USD stablecoin issued by Anchorage Digital on Solana.

According to Decrypt, Bank of England Executive Director Sasha Mills stated that the Bank of England views stablecoins as "a new form of currency" and will not "pick winners" between tokenized deposits and stablecoins. Mills mentioned that the Bank of England will open applications for "systemic stablecoins" by the end of the year, which are widely used for payments and may pose risks to financial stability, and will be regulated by the central bank.Matthew Long, Director of Payments and Digital Assets at the Financial Conduct Authority, stated that other stablecoins are regulated by the FCA, and there is still room for pound-denominated stablecoins to play a role. Mills also pointed out that 99% of stablecoins globally are dollar-denominated and do not comply with the U.S. GENIUS Act, and the UK is aligned with the U.S. on the timeline.

According to CoinPost, the Japanese blockchain infrastructure company Japan Blockchain Base has officially decided to issue a trust-based yen stablecoin EJPY, which is planned to be deployed on Japan Open Chain (JOC) and Ethereum, with the goal of launching issuance and circulation on JOC within the fiscal year 2026.The announcement stated that the trust-based framework required for EJPY has made phased progress. The company indicated that EJPY will focus on services for inter-company settlements, digital asset payments, transfers, and various Web3 payment scenarios, and will promote a multi-chain layout centered around JOC. Details regarding the actual issuance time, issuance conditions, cooperating institutions, and applicable blockchains will be announced separately after negotiations and necessary procedures with regulatory authorities and relevant institutions are completed.

Sota Watanabe, CEO of Japanese Web3 infrastructure company Startale, stated that the world's first bank-backed yen stablecoin, JPYSC, will be launched within a few months. The goal is to use the yen as the lowest-cost financing currency to invest in high-growth assets on-chain, such as U.S. stocks.In March of this year, Startale Labs announced the completion of a $63 million Series A funding round, led by Sony Innovation Fund, with participation from Asian industry and financial giants such as Samsung Next, UOB Venture Management, and SBI Holdings.

Crypto journalist Eleanor Terrett revealed that U.S. Senator Jack Reed submitted an amendment before the stablecoin bill review this Thursday, aiming to explicitly prohibit cryptocurrencies from being used as legal tender, including banning the payment of taxes with crypto assets.Senator Elizabeth Warren also submitted over 40 amendments, one of which aims to prevent the Federal Reserve from issuing master accounts to cryptocurrency companies. Another amendment jointly submitted by Senators Reed and Smith seeks to include restrictions on banks regarding stablecoin yields in the bill.

Crypto journalist Eleanor Terrett disclosed on the X platform that since last Friday, members of the American Bankers Association have sent over 8,000 letters to Senate offices urging lawmakers to amend the stablecoin revenue compromise proposal. Sources say this does not include additional phone lobbying activities.

The stablecoin yield infrastructure project Osero announced the completion of a $13.5 million financing round, led by Sky Ecosystem (formerly MakerDAO), with Layer 1 blockchain developer Plasma co-leading. Other participants include RedStone, Maple co-founder Joe Flanagan, and USDT0 co-founder Lorenzo Romagnoli. The financing is structured as a SAFT (Simple Agreement for Future Tokens), with the round completed in March of this year.