Stablecoins
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.
CF Benchmarks forecasts Bitcoin reaching $148,500 by year-end
Reported by AI
A new report from CF Benchmarks predicts Bitcoin will rise 20% to $148,500 by the end of the year, driven by regulatory changes and institutional demand. It also expects the number of crypto exchange-traded funds to double to 80, with stablecoin assets hitting $500 billion in 2026. These projections come amid a supportive US policy environment and monetary easing.
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.
USDe Surpasses USDT and USDC
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.
Mastercard in late-stage talks to acquire Zero Hash
Mastercard is reportedly in late-stage negotiations to buy blockchain startup Zero Hash for up to $2 billion, amid growing interest in stablecoin payments. The deal values the acquisition between $1.5 billion and $2 billion, according to sources cited by Fortune. This move comes as the payments giant competes in the evolving crypto infrastructure space.