Stablecoin

MoneyGram has become a validator on the Solana blockchain. The remittances firm said the move supports its expanding stablecoin payments strategy.

June 17, 2026 Reported by AI

Stablecoin infrastructure firm Trace Finance announced it has raised $32 million in a Series A funding round led by CoinFund with participation from Coinbase.

Tether, the issuer of the largest stablecoin USDT, announced a first-quarter net profit of $1.04 billion for 2026. The company's excess reserves reached a record $8.23 billion, with total assets nearing $192 billion against liabilities of about $183.5 billion. Reserves include significant holdings in U.S. Treasuries, gold, and bitcoin.

April 10, 2026 Reported by AI

Hong Kong has awarded its first stablecoin issuer licences to HSBC and a joint venture led by Standard Chartered, marking the city's latest step towards becoming a global digital asset hub. HSBC plans to launch its Hong Kong dollar stablecoin in the second half of this year, integrating it into its PayMe and mobile banking platforms.

Crypto bank Anchorage Digital has secured a $100 million equity investment from stablecoin provider Tether, valuing the firm at $4.2 billion. The deal gives Tether a minority stake and underscores growing collaboration in the digital asset space. This funding arrives amid Anchorage's expansion through acquisitions and partnerships.

January 29, 2026 Reported by AI

Compass Point analyst Ed Engel has upgraded his rating on Circle (CRCL) to Neutral from Sell, acknowledging its shift toward behaving like a crypto market proxy. Despite the upgrade, Engel maintains a low price target of $60, citing ongoing valuation concerns and competition. The move follows a similar revision by Mizuho's Dan Dolev and comes as USDC's supply has declined.