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October 9, 2026

Stablecoins

Aave governance proposal calls for USAT listing on V3 and V4 on Ethereum

Aave proposal seeks USAT listing on V3 and V4 on Ethereum Aave has received a proposal to add USAT, the Tether America USD stablecoin, to its V3 Core Instance and V4 Core Hub on Ethereum. USAT is issued by Anchorage Digital Bank, N.A., a federally chartered national trust bank supervised by the OCC, and the proposal says the move would expand Aave’s regulated dollar stablecoin options and support institutional demand. Final risk parameters would be set by Risk Service Providers.

October 7, 2026

Stablecoins

Arbitrum DAO Considers 100 Million ARB Plan to Expand USDG Across the Network

Arbitrum DAO weighs 100M ARB push for Paxos stablecoin USDG Arbitrum has joined Paxos’ Global Dollar Network, and a new governance proposal asks the DAO to make USDG a strategic stablecoin across the ecosystem. The plan would add 100 million ARB to the DRIP incentive budget to fund USDG liquidity, integrations and adoption, in what could become one of Arbitrum’s biggest coordinated stablecoin incentive programs if approved.

October 6, 2026

Stablecoins

Arbitrum Joins Paxos-Led Global Dollar Network as DAO Weighs USDG Growth Push

Arbitrum backs Paxos-issued USDG with DAO proposal Arbitrum has joined the Paxos-led Global Dollar Network and launched USDG on its layer-2, aiming to earn a share of reserve income from stablecoin activity on its rails. A proposal published Tuesday asks ArbitrumDAO to make USDG growth a strategic priority, add 100 million ARB to its DRIP incentive program, and use treasury assets to support liquidity.

October 2, 2026

Stablecoins

Fiserv Activates Digital Asset Platform With North Dakota’s Roughrider Coin

Fiserv launches digital asset platform with North Dakota stablecoin Fiserv said Oct. 1 that its digital asset platform is now live with financial institution clients, with Bank of North Dakota’s Roughrider Coin as the first product on it. The dollar-backed stablecoin settles on Solana and will let more than 90 North Dakota banks and credit unions move money between each other through Fiserv’s Commercial Center, while VersaBank issues the token and handles custody.

Stablecoins

Fiserv Unveils Digital-Asset Platform With North Dakota Stablecoin as First Use Case

Fiserv launches digital-asset platform with North Dakota bank stablecoin Fiserv has rolled out a digital-asset platform for financial institutions, with Roughrider Coin as its first use case to support interbank fund transfers for the Bank of North Dakota. The stablecoin will run on Solana, be issued and custodied by VersaBank, and use Fireblocks for tokenization infrastructure. Bank of North Dakota plans to deploy it across a state network of more than 90 banks and credit unions via Fiserv’s Commercial Center.

October 1, 2026

Stablecoins

HSBC Names Hong Kong Dollar Stablecoin Redcoin Ahead of Planned 2026 Debut

HSBC names Hong Kong dollar stablecoin Redcoin ahead of 2026 launch HSBC said its planned Hong Kong dollar stablecoin, HSBC Redcoin, will debut with person-to-person transfers and merchant payments in Hong Kong before expanding to corporate and institutional use cases. The bank is targeting a second-half 2026 launch through PayMe and the HSBC HK Mobile App, after receiving a Hong Kong Monetary Authority stablecoin issuer license on April 10.

September 30, 2026

Stablecoins

HSBC brands planned Hong Kong dollar stablecoin RedCoin for 2026 debut

HSBC names Hong Kong dollar stablecoin RedCoin ahead of 2026 launch HSBC has branded its planned Hong Kong dollar stablecoin as RedCoin and aims to launch it in Hong Kong in the second half of 2026 through PayMe and the HSBC HK Mobile App. The first rollout will target P2P transfers and merchant payments, with corporate and institutional uses to follow after the bank received a stablecoin license from Hong Kong’s monetary authority alongside Anchorpoint Financial.

September 29, 2026

Stablecoins

Japan FSA Approves Fourth Stablecoin Pilot Focused on Trade Finance

Japan FSA clears fourth stablecoin pilot for cross-border trade finance Japan’s Financial Services Agency approved a fourth Payment Innovation Project pilot that will test stablecoin settlement for export finance through TradeWaltz’s trade-document platform. The Sept. 29 program includes Mizuho Bank, MUFG Bank, SMBC, Mitsubishi UFJ Trust and Banking, and NTT Data, with payments triggered after banks approve export receivables; the FSA set no end date and said findings will be published after the trial.

Stablecoins

Circle Foundation Backs UNDP and WFP Stablecoin Aid Payment Initiatives

Circle Foundation launches UNDP and WFP stablecoin aid grants Circle Foundation said it is funding two initiatives with the UN Development Programme and the World Food Program to test regulated stablecoins for aid delivery. The grants will create UNDP’s Digital Asset Innovation Pool to move country offices from pilots toward full-scale use, while WFP USA will build governance, compliance and treasury systems and test stablecoin payment corridors in two to three countries over the next three years.

September 28, 2026

Stablecoins

Senate Democrats Say USDT Dominates Sanctioned Iran-Linked Crypto Wallets

Senate Democrats say sanctioned Iran-linked wallets relied heavily on USDT Democrats on the Senate Permanent Subcommittee on Investigations found 84% of more than 800 sanctioned Iran-linked crypto wallets used Tether’s USDT exclusively or predominantly, calling it a primary payment tool for Tehran and a token seen in networks funding Iran-backed groups including Hezbollah. The same day, Tether said it helped freeze about $550 million in Iran-linked USDT this year.

September 27, 2026

Stablecoins

Binance Invests $100M in Circle as New Five-Year Deal Expands USDC Distribution

Binance buys $100M of Circle stock, renews USDC deal for five years Binance bought $100 million of Circle Class A stock and signed a new five-year commercial agreement to expand USDC distribution, especially in emerging markets, Circle said Sept. 22. The private placement closed Sept. 17 at $80.84 per share, while the renewed deal replaces earlier agreements and gives Circle a bigger Binance channel as it tries to grow USDC against market leader Tether.

Stablecoins

Circle Foundation Funds UN Stablecoin Aid Payment Trials at UNDP and WFP

Circle Foundation funds UNDP and WFP stablecoin aid payment pilots Circle Foundation has announced grants for digital-payment projects at the UN Development Programme and World Food Programme to test whether regulated payment stablecoins can make aid delivery faster, cheaper and more transparent. WFP plans to evaluate two to three payment corridors over the next three years, while UNDP will set up a Digital Asset Innovation Pool to scale earlier pilots within regulatory and local financial systems.

September 26, 2026

Stablecoins

Ripple and Securitize Launch RLUSD Off-Ramp for BlackRock-Linked BUIDL and VBILL

Ripple, Securitize launch RLUSD off-ramp for BUIDL and VBILL Ripple and Securitize said they have launched a smart contract that lets holders of BlackRock’s BUIDL and VanEck’s VBILL instantly exchange shares for Ripple’s stablecoin RLUSD 24/7, marking RLUSD’s first integration with Securitize’s platform. The companies said the setup is aimed at expanding on-chain liquidity and utility for tokenized treasury funds, with Securitize also planning an XRP Ledger integration.

September 25, 2026

Stablecoins

Circle Adds 250 Million USDC to Solana in New Authorized Mint

Circle mints 250M USDC on Solana Circle’s authorized Solana minting infrastructure created 250,000,000 USDC in a new onchain transaction, increasing USDC supply on the network by a quarter of a billion tokens. The mint adds fresh dollar liquidity to one of USDC’s most active blockchain markets, but it does not by itself show that a single buyer purchased $250 million or indicate where the tokens will be deployed.

September 24, 2026

Stablecoins

HIFI raises $37 million Series A to scale stablecoin payments and tokenized markets

HIFI raises $37M Series A led by Left Lane Capital Stablecoin infrastructure firm HIFI raised $37 million in a Series A led by Left Lane Capital, its first priced funding round, as demand grows for blockchain payment and settlement rails tied to the banking system. CEO Zach Walsh said HIFI is processing about $7 billion in annualized volume, and the new capital will be used to scale its tokenized capital markets infrastructure and stablecoin payments products.

September 23, 2026

Stablecoins

Coins.ph Says Stablecoin B2B Pivot Reached Nearly $100M in Daily Volume

Coins.ph says B2B stablecoin pivot now drives $100M in daily volume Coins.ph CEO Wei Zhou said the Philippine exchange has shifted from weak retail crypto trading to B2B stablecoin infrastructure, processing nearly $100 million a day in USDT and USDC to pesos over the past couple of weeks. Zhou said demand is coming from cross-border businesses, payment aggregators and remittance platforms, with weekend volumes higher because banks are closed and traditional FX rails stop.

September 21, 2026

Stablecoins

Circle Opens BTC-Backed USDC Borrowing to Eligible Institutional Mint Clients

Circle launches BTC-backed USDC borrowing for institutions Circle has rolled out Digital Asset-Backed Borrowing, a service that lets eligible Circle Mint institutions borrow USDC against Bitcoin without selling it. Clients deposit BTC, receive Circle’s wrapped token cirBTC, and use it as collateral in third-party lending markets, initially Morpho on Arc and Ethereum; New York-based customers are excluded, and loan terms are set by the chosen market.

Stablecoins

Neutrl Opens Emergency NUSD Redemptions at About $0.51 in USDC

Neutrl opens emergency NUSD redemptions at about $0.51 in USDC Neutrl has launched an emergency on-chain redemption vault that lets NUSD holders redeem for USDC at roughly $0.51 per token, after losses hit the junior tranche of a Strata collateral vault. The payout comes from the redemption contract and is not a new peg, with remaining senior collateral funding the redemptions.

September 19, 2026

Stablecoins

JPYC Spiked to 37.6 Won After South Korea Listing Before Falling to 8-Won Range

JPYC spikes above peg after South Korea won-market debut Yen-based stablecoin JPYC jumped to 37.6 won on September 17 shortly after listing on a South Korean won market, more than three times its 1-yen reference value, then fell to the 8-won range the next morning and traded at 8.64 won as of September 19. Dailyian said the move was driven by limited initial circulating supply, while restricted redemption and transfer routes and a lack of domestic market makers slowed arbitrage.

September 17, 2026

Stablecoins

StablecoinX to End ENA Lock-Up Permanently on Oct. 5 Under New Waiver

StablecoinX wins permanent waiver on ENA lock-up from Oct. 5, 2026 StablecoinX said a waiver signed with Ethena OpCo and the Ethena Foundation will permanently remove the 48-month lock-up, vesting and scheduled unlock rules on its ENA holdings from Oct. 5, 2026, aligning them with other holders. Sales are still restricted: the company must give five business days’ notice for approved funding sales, and the Ethena Foundation keeps consent rights over sales, transfers, loans, hedges and other uses.

September 16, 2026

Stablecoins

Erebor Ends Free Stablecoin Conversions After Trading Firms Exploit Price Gap

Erebor curbs free stablecoin conversions after traders exploit pricing gap Erebor Bank has ended no-fee USDC and USDT conversions for customers without sizable deposits and added volume-based fees and limits after trading firms including Wintermute and Galaxy Digital reportedly used the offer to buy stablecoins below $1 and redeem them at face value. The Information said Wintermute did the trade with millions of dollars worth of USDT, leaving Erebor to absorb the cost.

September 15, 2026

Stablecoins

MEXC says September reserve audit showed all disclosed assets backed above 1:1

MEXC says September PoR audit shows all major assets fully backed MEXC released its September 2026 proof-of-reserves report, audited by Hacken, saying reserves exceeded a 1:1 ratio for all disclosed assets as of the Sept. 10 snapshot. The exchange reported a BTC reserve ratio of 297%, up from 288% in August, while USDT stood at 119% and both USDC and ETH at 111%.

September 14, 2026

Stablecoins

RLUSD Supply Reaches Record $2.44 Billion as Ethereum Takes Most Recent Growth

RLUSD supply hits record $2.442B as Ethereum overtakes XRP Ledger Ripple’s RLUSD stablecoin reached a record $2.442 billion in supply this week, but most growth since July has landed on Ethereum rather than the XRP Ledger. RLUSD on Ethereum rose from $632.2 million in July to $1.37 billion, while XRPL grew from $907.2 million to $1.05 billion, meaning Ethereum absorbed roughly $737 million of the token’s roughly $840 million supply increase.

September 13, 2026

Stablecoins

Thailand SEC Seeks 5 Million Baht Daily Cap on Stablecoin Transfers to Private Wallets

Thailand SEC proposes $151,000 daily cap on stablecoin transfers to private wallets Thailand’s SEC has opened a consultation on capping stablecoin deposits and withdrawals involving private wallets or foreign digital asset operators at 5 million baht ($151,000) per customer, per operator, per day. The draft would also require transfers to move only between wallets or accounts verified as belonging to the same customer, with exemptions for transfers between compliant Thai-regulated operators and some businesses, institutions and market makers. Comments are open until Sept. 25.

September 12, 2026

Stablecoins

Ripple Eyes $13 Trillion Treasury Market as RLUSD Growth Accelerates

Ripple targets corporate treasurers to grow RLUSD Ripple says payments and capital markets are driving adoption of its RLUSD stablecoin, which has grown to a $2.4 billion circulating supply, up more than 50% in the past month. SVP of stablecoins Jack McDonald said Ripple is targeting the roughly 1,200 treasurer and CFO customers of its GTreasury business, which handle about $13 trillion in annual transactions, and plans to bring RLUSD to Europe through a MiCA-compliant dual-issuance structure.

September 11, 2026

Stablecoins

Circle to end USDC and CCTP V1 support on Noble by Jan. 12, 2027

Circle to end USDC and CCTP V1 support on Noble by Jan. 12, 2027 Circle will stop new USDC minting on Noble through Circle Mint on Oct. 13, 2026, then pause Noble’s USDC contract and all CCTP V1 routes on Jan. 12, 2027. Burn limits for CCTP V1 transfers from Noble start declining on Oct. 31, and Noble will not be upgraded to CCTP V2, forcing holders and integrators to move funds and remove routes before the shutdown.

Stablecoins

Denmark Central Bank Sees Indirect Risks in Growing U.S. Dollar Stablecoin Market

Denmark central bank flags indirect risks from dollar stablecoin growth Danmarks Nationalbank said stablecoin use in Denmark is still very low and poses no immediate threat to domestic financial stability, but the rapid global growth of U.S. dollar-pegged tokens such as USDT and USDC could expose the country to financial market volatility and liquidity spillovers through global markets and the U.S. system. It added that no krone stablecoin is in circulation and said central bank money should remain the core settlement asset, with work underway alongside the ECB on tokenized payment rails.

September 10, 2026

Stablecoins

Latitude Secures $35M Series A to Expand Stablecoin Payout Links to Local Rails

Latitude raises $35M Series A for stablecoin-to-local payout network Latitude said Wednesday it raised a $35 million Series A led by Oak HC/FT, with NEA, Coinbase Ventures, Lightspeed Faction and OpenFX participating, to build licences and local payout connections that link stablecoin settlement to domestic payment rails. The company said it holds the permissions itself rather than renting them, and now has 39 money transmission licences, one state registration and five no-action letters.

September 9, 2026

Stablecoins

Uzbekistan Begins One-Year Pilot of HUMO Stable Token Pegged to the Soum

Uzbekistan launches pilot for HUMO stable token Uzbekistan has begun testing the HUMO stable token, a one-soum digital asset issued by HUMO Digital under a pilot overseen by the Central Bank and the National Agency. The token is backed by the issuer’s government securities, which must be blocked in favor of the Central Bank and kept at least equal to tokens in circulation, while regulators will also test redemption during the initial one-year pilot.

Stablecoins

South Korean Banks Begin Talks With European Lenders on Stablecoin Remittance Pilot

South Korean banks open talks on stablecoin remittance link with Europe Ten South Korean banks, including KB Kookmin, Shinhan and Woori, have begun working-level talks with European financial institutions on a stablecoin-based cross-border remittance system under the Pangea Project. The proof-of-concept, led by Unica and Kyvallis, would swap stablecoins pegged to different currencies to cut intermediary steps in overseas transfers, but commercialization still depends on regulatory approvals, including Korea’s Digital Asset Basic Act and MiCA licensing for a euro stablecoin.

September 8, 2026

Stablecoins

Tether Freezes $39.27M in USDT Across 10 TRON Wallets Linked to Xinbi Guarantee

Tether freezes $39.27M USDT in 10 TRON wallets tied to Xinbi Guarantee The issuer blacklisted 10 TRON addresses holding 39,273,713 USDT on Sept. 8, blockchain-monitoring firm MistTrack said, in what appears to be another move against Telegram-based escrow services after an earlier freeze tied to Huione Guarantee. The wallets were linked to Xinbi Guarantee, a network accused of facilitating illicit crypto activity, and the action could restrict fund flows through the platform.

Stablecoins

Uzbekistan Begins Three-Year Pilot for HUMO Stablecoin Payments

Uzbekistan starts three-year HUMO stablecoin payments pilot Uzbekistan has launched a pilot to use the HUMO stablecoin for payments, with the National Agency for Perspective Projects and the Central Bank testing its issuance, circulation and redemption. HUMO will be pegged 1:1 to the Uzbek som, backed by government securities, and used to pay for goods and services; more than 20 entrepreneurs and merchants are ready to join the project.

September 6, 2026

Stablecoins

Fed Study Says Stablecoins Could One Day Be Counted in M1 or M2

Fed researchers outline path for stablecoins to enter M1 or M2 Federal Reserve researchers said in a Sept. 4 paper that payment stablecoins could eventually be counted in U.S. money supply measures, with M1 fitting everyday payment use and M2 fitting short-term value storage. They said any inclusion would first require standardized reporting and fixes for reserve double-counting and cross-border circulation, and stressed the paper is not a Fed policy decision.

September 3, 2026

Stablecoins

Mantle launches native USDG and joins Paxos-backed Global Dollar Network

Mantle adds native USDG and joins Global Dollar Network Paxos-issued stablecoin USDG has launched natively on Mantle, making the Ethereum layer-2 one of the network’s partners in the Global Dollar Network and eligible for a share of rewards generated by USDG activity. USDG, with a market cap of about $3.18 billion, is among the first stablecoins natively minted on Mantle and is set to be used across its DeFi and institutional capital allocation ecosystem.

Stablecoins

Circle says Deloitte-reviewed USDC reserves exceeded circulating supply in latest attestation

Circle says Deloitte-reviewed reserves backing USDC exceeded supply in latest attestation Circle released its latest monthly USDC reserve attestation, saying Deloitte’s review found reserve assets above the stablecoin’s total circulating supply at the reporting date. The filing put USDC reserves at $34.5 billion, held mainly in short-term U.S. Treasury bills and overnight repurchase agreements, reinforcing Circle’s transparency-focused positioning in the stablecoin market.

Stablecoins

Binance Records $1 Billion in August Stablecoin Inflows as Bitcoin Rebounds

Binance saw $1B in net stablecoin inflows in August Binance took in about $1 billion in net stablecoin inflows in August, a shift analysts linked to Bitcoin’s roughly 22% rebound and crypto’s best month of 2026. The inflows ended a prolonged outflow trend and pushed exchange flows to roughly neutral, but analysts said the move was still modest after about $5.1 billion left Binance since the start of 2026 and does not yet signal sustained new liquidity.

September 2, 2026

Stablecoins

Wyoming selects Chainlink reserve checks for state-issued stablecoin FRNT

Wyoming picks Chainlink to verify reserves for state-issued stablecoin FRNT Wyoming’s Stable Token Commission has adopted Chainlink’s Proof of Reserve and Secure Mint systems for Frontier Stable Token, the state-issued stablecoin launched in January. Chainlink will put independently verified reserve data onchain so regulators and financial institutions can check in real time that FRNT reserves match tokens in circulation, while new minting will be blocked if reserves fall below supply.

September 1, 2026

Stablecoins

21 Financial Institutions Plan U.S. Dollar Stablecoin Launch in First Half of 2027

21 financial institutions plan dollar stablecoin launch in H1 2027 A group of 21 major financial institutions is forming a new company to issue a U.S. dollar stablecoin in the first half of 2027, targeting wholesale, institutional and retail use in cross-border payments and digital-asset settlement. The venture says it aims to meet the U.S. GENIUS Act and MiCA where applicable, with plans to expand into other G7 currencies, including a euro-denominated token as an early priority.

Stablecoins

HashKey Exchange Adds FDUSD With Direct USD, Bitcoin and Ether Spot Pairs

HashKey Exchange lists FDUSD with direct USD trading HashKey Exchange, a Hong Kong digital-asset exchange licensed by the Securities and Futures Commission, has added FDUSD spot trading for professional investors. The new pairs are FDUSD/USD, BTC/FDUSD and ETH/FDUSD, letting users buy the stablecoin directly with US dollars and use it as the quote currency for Bitcoin and Ether trades. First Digital said it plans to expand FDUSD support across more exchanges, blockchain networks and payment services.

August 30, 2026

Stablecoins

BIS chief says stablecoins still fall short as money, backs tokenized deposits

BIS chief says stablecoins still fail as money BIS General Manager Pablo Hernández de Cos said at Jackson Hole on August 28 that stablecoins still fall short as credible money at scale, citing failures in par redeemability, elasticity, interoperability and financial integrity. He urged central banks to prioritize tokenized deposits for everyday payments, warning that dollar-pegged stablecoins raise monetary sovereignty and digital dollarization risks.

August 29, 2026

Stablecoins

BIS Chief Says Stablecoins Fall Short as Scalable Payments Money

BIS renews warning that stablecoins are not credible money at scale BIS General Manager Pablo Hernández de Cos said stablecoins do not credibly function as a means of payment at scale and argued tokenized bank deposits are a stronger alternative. A new Financial Stability Institute study also found major gaps in stablecoin issuer rules across the US, EU, UK, Hong Kong and Singapore, highlighting risks around bank funding, AML controls, interoperability and monetary sovereignty.

Stablecoins

Neutral Suspends NUSD Redemptions After Reserve Liquidity Problems Emerge

Neutral freezes NUSD minting and redemptions amid reserve liquidity problems DeFi protocol Neutral said some investment positions used to manage reserves have become illiquid, leaving about $27 million in assets available for immediate use while recovery from the rest remains uncertain. The protocol said the issue was not caused by a hack or smart-contract exploit and has halted related contracts after legal advice; key NUSD functions have been suspended since Aug. 13. Neutral plans to launch an early-redemption process for NUSD and sNUSD in early September, pending a new redemption contract, an external security audit, and legal and financial reviews.

August 28, 2026

Stablecoins

Bullish Extends $100 Million Stablecoin Facility to USD.AI for GPU-Backed Lending

Bullish extends $100M stablecoin facility to USD.AI for GPU-backed loans Bullish has given USD.AI a $100 million stablecoin debt facility to fund non-recourse loans for middle-market AI infrastructure operators, secured solely by the financed GPU hardware rather than other corporate assets. Bullish also plans to list USD.AI’s yield-bearing token sUSDai on its institutional exchange and support trading with a market-making program, creating a secondary market for compute-backed debt.

August 27, 2026

Stablecoins

Ripple’s RLUSD Passes $2 Billion Market Cap as XRPL Supply Approaches $1 Billion

Ripple’s RLUSD stablecoin tops $2 billion market cap Ripple’s RLUSD has crossed $2 billion in market value less than two years after its December 2024 launch, with issuance split at roughly $963 million on the XRP Ledger and about $1.05 billion on Ethereum. The token is issued by Standard Custody & Trust Company under a limited-purpose New York charter, and Ripple reported $1.981 billion in reserves against $1.866 billion in circulating RLUSD on Aug. 20, 2026, just before the milestone.

Stablecoins

Revolut begins EURR rollout in three EU markets as Tether exits its European retail app

Revolut starts EURR stablecoin rollout in three EU markets Revolut has begun rolling out EURR, its first euro-pegged stablecoin, to eligible customers in Denmark, Poland and Portugal, with a wider EEA launch planned later this year. The €1 token is issued by Bridge Building S.A. under Luxembourg MiCA authorisation and distributed by Revolut’s licensed crypto arm, as the fintech prepares to remove Tether’s USDt from its European retail offering by August 31.

August 26, 2026

Stablecoins

Revolut begins limited launch of euro stablecoin EURR in three EEA markets

Revolut starts limited rollout of euro stablecoin EURR in three EEA markets Revolut has begun rolling out its first stablecoin, the euro-pegged EURR, to selected customers in Denmark, Poland and Portugal, with wider EEA availability planned later this year if product, operational and regulatory conditions are met. Issued by Bridge Building S.A. in Luxembourg, the MiCA-compliant token will launch first on Ethereum, support external wallet transfers for some users, and comes as Revolut withdraws Tether’s USDt from the EEA and Switzerland.

August 25, 2026

Stablecoins

World Liberty Brings $4.05 Billion USD1 Stablecoin to Canton Network

World Liberty launches USD1 stablecoin natively on Canton Network World Liberty Financial has deployed its $4.05 billion USD1 stablecoin natively on the Canton Network, adding a dollar settlement asset for tokenized securities and other real-world assets. The company said institutions can use USD1 for collateral, lending, issuance, redemptions and 24/7 cross-border payments, while Canton’s synchronized settlement model lets the asset and payment move at the same time under the network’s privacy controls.

Stablecoins

Standard Chartered Hong Kong to distribute HKDAP, the city’s first regulated HKD stablecoin

Standard Chartered Hong Kong becomes first bank to distribute HKDAP Standard Chartered Bank (Hong Kong) said it is the first bank authorized to distribute HKDAP, Hong Kong’s first regulated HKD stablecoin, moving access beyond crypto exchanges to eligible institutional and corporate clients. The bank plans to use HKDAP for tokenized money market fund settlement from Q4 2026, as well as internal transfers and cross-border payments.

August 24, 2026

Stablecoins

Standard Chartered to distribute Hong Kong-regulated HKDAP stablecoin

Standard Chartered becomes first bank to distribute Hong Kong-regulated HKDAP Standard Chartered said it will distribute Anchorpoint Financial’s Hong Kong dollar-backed HKDAP to eligible institutional clients and partners, becoming the first bank to offer one of Hong Kong’s two regulated stablecoins. The bank plans to add HKDAP use cases over the next month, including fund subscriptions, asset-manager settlements, intragroup transfers across its global network, and cross-border payments.