Stablecoins
Coinbase reports strong Q3 earnings as everything exchange advances
Coinbase announced $1.9 billion in revenue and $433 million in profit for the third quarter of 2025, marking a 25% increase from the previous period. The company highlighted progress on its 'Everything Exchange' vision, integrating trading, financial services, and applications. CEO Brian Armstrong emphasized solid financial results and innovative product development.
Argentines turn to crypto as peso weakens before elections
Amid a weakening peso and upcoming midterm elections, Argentines are increasingly using stablecoins and arbitrage strategies to protect their savings. This surge in crypto activity follows tighter capital controls imposed by the central bank. President Javier Milei's administration has reduced inflation but faces concerns over potential further devaluation.
USDe Surpasses USDT and USDC
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On September 6, 2025, reports indicated that the stablecoin USDe had outpaced USDT and USDC in certain metrics, marking a shift in the cryptocurrency market. This development highlights growing adoption of alternative stablecoins.
Citi teams up with Coinbase for stablecoin pilot
Citi is partnering with Coinbase to explore stablecoin payments for its institutional clients. This collaboration marks a step toward integrating cryptocurrency into traditional banking. The initiative focuses on piloting stablecoin transfers.
Fed proposes limited payment access for stablecoin issuers
Federal Reserve Governor Christopher Waller suggested creating a 'skinny' master account to give compliant crypto firms, including stablecoin issuers, limited direct access to Fed payment rails. The proposal, announced on October 21, 2025, at the Fed's Payments Innovation Conference, aims to reduce reliance on commercial banks while imposing strict limits. It revives narrow banking concepts amid growing stablecoin adoption following the GENIUS Act.