Banks Just Did the Weekend Payment Stablecoins Were Built For
DBS and Citi settled a weekend USD payment between Singapore and New York in minutes using tokenised deposits on Swift's Digital Ledger.
News
The latest stablecoin news from around the world.
Fed Staff Map the Problem With Counting Stablecoins as Money
A Federal Reserve staff note published September 4, 2026 examines whether payment stablecoins belong in M1 or M2, and why counting them risks double-counting dollars.
Revolut's US Bank Will Offer a Stablecoin It Does Not Issue
The OCC conditionally approved Revolut Bank US on September 2, 2026. The bank plans to offer a Revolut-branded stablecoin issued by a third party.
BOK Warns Dollar Stablecoin Demand Can Move Exchange Rates
BOK researchers said on 3 September 2026 that Binance fiat–dollar stablecoin listings cut premiums 0.33–0.38 percentage points and tied demand to local-currency weakness vs the dollar. Korea's won FX link is not statistically meaningful yet.
USDC Moved $32 Trillion, and Circle Earned Almost None of It
Coin Metrics puts USDC adjusted transfer volume at $32 trillion in 2026, while reserve income supplied 95.2% of Circle's Q2 revenue.
Ethena Launches Ethena Pay on Avalanche
Ethena launched Ethena Pay on September 1, 2026, a self-custodial money app that holds balances in USDe and settles exclusively on Avalanche. The beta is live in 49 countries for about 400 users, with a Visa spend card, a discretionary Daily Boost of up to 6% a year, and cashback paid in AVAX.
21 Banks Commit to a Shared USD Stablecoin Company for H1 2027
Twenty-one banks and financial firms said on September 1, 2026 they will form a company in H2 2026 to issue a USD stablecoin targeting H1 2027, with GENIUS Act and MiCA compliance in scope.
Singapore Opens Its Stablecoin Label to Foreign Issuers While Banning Interest
MAS proposed Payment Services Act amendments on September 1, 2026, banning interest on regulated stablecoins and opening recognition to foreign issuers.
Japan's FSA Wants Trust-Based Stablecoins Out of a Tax Rule Built for Family Trusts
Japan's FSA asked on August 31, 2026 to exempt trust-based stablecoins from a filing requirement triggered by every beneficiary change, meaning every transfer.
The Bank Stablecoin Has Already Been Launched, and It Belongs to Zelle's Owner
Coverage focused on whether JPMorgan will issue a stablecoin, but Early Warning Services, owned by seven major US banks, launched ZLUSD in June 2026.
USDC Takes Chelsea's Shirt in a Premier League First for Stablecoins
Circle became Chelsea's front-of-shirt sponsor on August 28, 2026, the first crypto financial services firm to hold a Premier League principal shirt slot.
BIS Chief Says Stablecoins Are Not Credible for Payments at Scale
BIS General Manager Pablo Hernández de Cos told Jackson Hole on August 28, 2026 that stablecoins in their current form are not a credible means of payment at scale, and that tokenised deposits should carry day-to-day payments.
Bank of England Gets a Legal Duty to Support Stablecoin Innovation
HM Treasury confirmed on August 27, 2026 that the Bank of England will get a secondary objective covering payment systems using digital settlement assets.
Dunamu Signs Visa Deal to Explore Stablecoin Payments
Dunamu, Upbit's operator, announced a Visa partnership on August 28, 2026 to explore stablecoin payments, remittances, and OUSD-based models.
Shinhan Signs Visa Deal to Build Korea's Stablecoin Payment Rails
Shinhan Financial Group signed a strategic agreement with Visa on August 26, 2026 to test stablecoin issuance, remittance, and redemption for the Korean market.
Fasset Hits $1 Billion Valuation as SBI Leads $68 Million Round
Fasset raised $68 million led by SBI Group at a $1 billion valuation, with $40 billion in annualised volume and twelve straight profitable months.