Stablecoin
Aave Reportedly Explores Tokenized U.S. Equity Collateral Lending on Base
Aave is reportedly exploring a Base-based lending model in which tokenized U.S. equities can be used as collateral for USDC borrowing. The initiative could bring real-world assets closer to on-chain credit, while raising significant questions around custody, eligibility, liquidity, valuation and regulation.
Polygon Completes Coinme Acquisition to Enter the Stablecoin Payments Market
Polygon Labs has completed its acquisition of U.S.-regulated crypto payments provider Coinme, seeking to build a broader payments-processing business around stablecoins, fiat conversion and cash on- and off-ramps. The move places Polygon in direct competition with established payment platforms such as Visa and Stripe while its unified payments platform remains in technical preview.
Former PayPal Executive Says Agentic Payments Require a New Authorization and Settlement Layer
As AI agents begin to act on behalf of users, payment systems built around apps, checkout pages and confirmation buttons may no longer fit every transaction. The central challenge will be establishing verifiable authorization, liability and settlement rules when no person is manually approving each payment.
Visa Survey Finds Rising APAC Interest in Stablecoin Payments, but Only 6% Understand Them
A Visa survey of 14,250 people across Asia-Pacific found that 46% may use stablecoins within five years, compared with 16% who used them in the past year. Yet only 6% accurately understood how stablecoins work, leaving fraud concerns, regulatory uncertainty and limited consumer education as major barriers to adoption.
EU Regulator Gives Crypto Platforms Three Months to Restrict Unauthorized Stablecoins
The European Securities and Markets Authority has told national regulators to ensure authorized crypto platforms stop allowing EU customers to trade or increase exposure to stablecoins that do not meet MiCA requirements. Existing holdings may still be sold, converted, withdrawn, transferred or safeguarded on a limited basis while regulators oversee their resolution within three months.
Samsung Wallet to Add USDC Cross-Border Transfers With Solana and Sui Support
Samsung plans to introduce USDC cross-border transfers for eligible Galaxy users in the United States from the last week of October. The service will support transfers to compatible wallets and bank accounts in more than 60 countries, with Solana and Sui providing network infrastructure and Coinbase Prime Vault handling custody.
U.S. Senate Democrat Probes Cantor Fitzgerald’s Relationship With Tether
Senator Richard Blumenthal has asked Cantor Fitzgerald CEO Brandon Lutnick for information about the financial firm’s relationship with stablecoin issuer Tether. The inquiry focuses on Tether’s reserve arrangements and broader commercial ties, putting the links between stablecoin issuers and traditional financial infrastructure under renewed scrutiny.
Arbitrum Joins Paxos-Led Global Dollar Network to Capture Stablecoin Economics
Arbitrum has joined the Paxos-led Global Dollar Network, bringing Paxos-issued USDG into its DeFi ecosystem while seeking a share of the economics generated by stablecoins on its network. The move comes as stablecoin alliances compete for distribution, users and reserve-related revenue.
OKX Raises Strategic Backing From Standard Chartered, Circle and Ripple as It Builds an AI-Enabled Financial Platform
OKX has secured strategic investment from Circle, Ripple, QRT and Standard Chartered’s SC Ventures at a reported $25 billion pre-money valuation. The exchange is using stablecoin payments, tokenized assets and AI tools to move beyond crypto trading, while regulatory, custody and infrastructure challenges remain central to the transition.