The post Open USD Launches With 140+ Partners To Challenge Stablecoin Giants appeared first on Coinpedia Fintech News

Stablecoin wars were always going to arrive eventually. They just arrived wearing suits today. As Open USD officially launched on June 30 with backing from more than 140 businesses spanning payments, banking, fintech, crypto infrastructure, and global commerce. The list reads less like a startup ecosystem and more like the guest list for modern finance …

The post ENA Price Reacts to BlackRock Partnership, But Traders Expected More appeared first on Coinpedia Fintech News

A BlackRock headline usually sends crypto traders scrambling for buy buttons. This time? Not quite. ENA price managed a modest 5% intraday move after Ethena announced a collaboration involving the integration of USDe into BlackRock’s Aladdin platform, the use of BUIDL as the primary asset for its white-label product, and the creation of liquidity facilities …

The post Toss Bank and Solana Launch Stablecoin Remittance Pilot appeared first on Coinpedia Fintech News

Toss Bank has partnered with Solana Foundation to test blockchain-based global remittance infrastructure using the Solana network. The agreement, signed on June 19 in Seoul, will evaluate whether stablecoins can support overseas money transfers and settlements. The initiative matters because it could reduce costs and improve the speed of cross-border payments while helping banks prepare …

The post Fidelity 500 Index Fund Provider Launches Stablecoin Reserve Fund appeared first on Coinpedia Fintech News

Fidelity has launched the Fidelity Reserves Digital Fund, a money market fund built for stablecoin issuers. The fund began operating on June 15 and invests only in reserve assets permitted under the GENIUS Act framework, including U.S. Treasury securities, cash, overnight repurchase agreements, and compliant government money market funds. The launch matters because it provides …

The post Nigeria’s Stablecoin Surge Draws IMF Praise and Warning appeared first on Coinpedia Fintech News

Nigeria has become sub-Saharan Africa’s largest stablecoin market, accounting for 60% of regional inflows since 2019 and recording $59 billion in crypto inflows between July 2023 and June 2024. Stablecoins such as USDT are increasingly used by households and small businesses to cut remittance costs, make payments, and hedge against inflation and foreign exchange shortages. …

The post Binance USDT Liquidity Signals Consolidation, Not Bitcoin Recovery Yet appeared first on Coinpedia Fintech News

Markets love to celebrate the first sign of stability. The data, however, isn’t always as enthusiastic. While Bitcoin continues trading in the low $60,000 range this June, Binance’s USDT liquidity suggests the market may be stabilizing rather than preparing for a full-fledged recovery, per an analyst. The world’s largest crypto exchange currently holds approximately $41.2 …

The post Japan’s Three Largest Banks Target Stablecoin Launch in FY2026 appeared first on Coinpedia Fintech News

Three major Japanese banks—MUFG Bank, Mizuho Bank, and Sumitomo Mitsui Banking Corporation—plan to begin live commercial transactions using a jointly issued stablecoin during fiscal year 2026. The banks have signed a memorandum of understanding to establish a council that will oversee governance, operations, and infrastructure planning. The initiative matters because it represents a significant step …

The post Ethereum Dominates Stablecoin Growth While Tron Powers High-Volume Payments appeared first on Coinpedia Fintech News

Ethereum has added $102.4 billion in stablecoin supply over the past three years, bringing its total to roughly $158–177 billion, according to Token Terminal data. The network now hosts about half of the global stablecoin market tracked by DeFiLlama. Tron ranks second, adding $43.1 billion in stablecoin supply and reaching approximately $90 billion, largely driven …

The post MoneyGram Launches MGUSD Stablecoin on Stellar for Cross-Border Payments appeared first on Coinpedia Fintech News

MoneyGram has launched MGUSD, a U.S. dollar-backed stablecoin on the Stellar blockchain, for users in the United States. Integrated directly into the MoneyGram app, MGUSD allows customers to hold digital dollar balances and make cross-border transfers. Issued by Bridge with support from M0 and Fireblocks, the stablecoin expands MoneyGram’s long-standing partnership with Stellar. The launch …

The post Tether Sees Record $1.1 Billion Market Cap Drop appeared first on Coinpedia Fintech News

Tether’s market capitalization fell by more than $1.1 billion in a single day, marking its largest recorded decline. The drop has sparked renewed debate about the role of stablecoins in providing liquidity to cryptocurrency markets. Some market observers argue that shrinking stablecoin supply could reduce trading activity and put pressure on digital asset prices, including …