News

Diagram of RLUSD's structure: Ripple Labs above Standard Custody & Trust Co., the NYDFS-supervised issuer, and Ripple National Trust Bank, the OCC-chartered bank that manages the reserve and acts as collateral trustee for RLUSD holders, with a timeline from the December 12, 2025 conditional approval to the October 26, 2026 final approval and the GENIUS Act on January 18, 2027

Ripple · Oct 27

Ripple National Trust Bank Gets Final OCC Approval for RLUSD Reserves

Ripple National Trust Bank won final OCC approval on October 26, 2026 to manage RLUSD's reserves.

Diagram of HSBC RedCoin (RCHKD): the HKMA licence, HSBC as issuer and the PayMe wallet used for P2P transfers and merchant payments, with the October 23, 2026 launch and the HSBC HK App and tokenised investments planned later in 2026

HSBC · Oct 25

HSBC RedCoin Goes Live on PayMe as HSBC's HKD Stablecoin

HSBC's HKMA-licensed Hong Kong dollar stablecoin, RedCoin (RCHKD), went live on PayMe on October 23, 2026.

Diagram of Canada's proposed stablecoin regulations: a redemption paid at par within three business days with a fee of no more than 1%, the four eligible reserve asset types held at a Canadian custodian, and a timeline from the October 24, 2026 Gazette notice to the December 23, 2026 comment deadline and fall 2027.

Canada · Oct 24

Canada Publishes Draft Stablecoin Regulations: Three-Day Redemption, 1% Fee Cap

Canada's draft stablecoin rules: redemption within three business days, a 1% fee cap and no yield for holding.

Diagram of Utexo's USDT on Bitcoin route: USDT0 locked on Arbitrum, signer enclaves, USDT minted to an RGB wallet on Bitcoin, with a 0.1% plus 0.5 USDT commission and the October 22, November 28 and Q1 2027 dates

Utexo · Oct 23

USDT on Bitcoin: Utexo Opens Mint Sandbox Before November 28 Launch

Utexo opened a Signet sandbox for its bridged USDT on Bitcoin on October 22; the public launch is set for November 28.

Chart of Sky's September 2026 update: total stablecoin supply rising from $9.53 billion at the end of August to $9.70 billion on September 30, Sky Reserves at $85.08 million against a $150 million target, and Galaxy accepting sUSDS as loan collateral

Sky · Oct 23

Sky Stablecoin Supply Reaches $9.70 Billion as Galaxy Takes sUSDS as Collateral

Sky's stablecoin supply hit $9.70 billion on September 30, 2026; reserves were $85.08 million of a $150 million goal.

Diagram of the OCC GENIUS Act final rule timeline: rule issued October 21, 2026, effective January 18, 2027, and a waiver window of up to 12 months, with 30-day completeness and 120-day decision periods for applications.

OCC · Oct 22

OCC Finalizes GENIUS Act Rule for Payment Stablecoin Issuers

The OCC's GENIUS Act final rule takes effect January 18, 2027, with waivers expected for existing U.S. issuers.

Diagram of Arf's RLUSD settlement liquidity on the XRP Ledger: Arf lends RLUSD to a licensed payment firm, the payout settles and the loan is repaid in one to five days, with XRPL vault and lending amendments XLS-65 and XLS-66 as a later phase

RLUSD · Oct 22

Arf Brings RLUSD Settlement Liquidity to Payment Firms on the XRP Ledger

Arf will lend RLUSD on the XRP Ledger to licensed payment companies, repaid in one to five days as payments settle.

Diagram of the Bank of Thailand's proposed THB stablecoin model: a small number of issuers, licensed wallet providers and transfers limited to verified wallets, with redemption at one coin per baht within one business day and backing in bank deposits.

Bank of Thailand · Oct 19

Bank of Thailand Proposes THB Stablecoin Rules: Few Issuers, No Yield

Thailand's central bank proposes few issuers, full deposit backing, one-day redemption and no interest for holders.

Diagram of Visa Direct USDC prefunding: a 24-hour bar compares bank-transfer funding windows with USDC top-ups at any hour, then USDC in, Visa converts, USD balance, payouts to 180+ countries, with Inyo Global as first enabler

Visa · Oct 15

Visa Direct Stablecoin Prefunding Moves to Production With USDC

Visa Direct clients on Inyo Global's platform can now prefund cross-border payouts with USDC in near real time.

Diagram of the EBA's October 14, 2026 decision classifying USDC as a significant e-money token, one of 45 notified under MiCA: from November 12, 2026 the EBA supervises own funds, reserve of assets, liquidity and recovery and redemption plans, while France's ACPR keeps governance, qualifying holdings, fit and proper checks, outsourcing and conflicts of interest.

EBA · Oct 14

EBA Names USDC the EU's First Significant E-Money Token

From November 12, 2026, the EBA takes over supervision of USDC's own funds, reserve, liquidity and redemption plans from France's ACPR.

Diagram of cirBTC backed one-to-one by custodied bitcoin and available on Arc and Ethereum

Circle · Oct 14

Circle cirBTC Wrapped Bitcoin Goes Live

Circle outlines custody, reserves and redemption tests as cirBTC launches on Arc and Ethereum.

Diagram: RLUSD on the XRP Ledger held in Standard Chartered custody, with its value mirrored to LMAX as planned collateral while the token itself is not transferred

Standard Chartered · Oct 13

Standard Chartered Launches RLUSD Custody, Plans LMAX Collateral Link

Standard Chartered now holds Ripple's RLUSD stablecoin on the XRP Ledger for institutional clients through its DIFC branch, and plans to let LMAX accept it as collateral without moving the tokens.

Diagram of Securitize Stocks: an underlying share held by the broker-dealer, a token representing a security entitlement, and settlement in USDC on Solana.

Securitize · Oct 10

Securitize Launches Tokenized U.S. Stocks Settled in USDC

Securitize Stocks give eligible investors tokens backed one for one by U.S. shares, settled in USDC on Solana.

Diagram of ESMA's October 8, 2026 opinion on non-MiCA stablecoins: the crypto-asset services MiCA-licensed firms should stop for EU clients, from trading platforms to custody and transfers, and the wind-down limited to selling, converting, transferring or withdrawing within three months.

ESMA · Oct 8

ESMA Tells MiCA-Licensed Firms to Stop Services in Non-MiCA Stablecoins

ESMA's opinion covers every MiCA service, including custody and transfers, and gives regulators three months to clear remaining client holdings.

Three-step diagram of a CCTP transfer to Sui: USDC burned on the source chain, the burn attested by Circle, native USDC minted on Sui

Circle · Oct 8

Circle CCTP Goes Live on Sui for Native USDC Transfers

Circle added Sui as CCTP domain 8 on October 8, so native USDC can be burned on one network and minted on Sui, weeks before the old V1 protocol is switched off.

Diagram of the Tether, National Bank of Kazakhstan and Alatau City Authority memorandum: three agreed steps (study international stablecoin issuance models, define use cases, prepare a concept and pilot proposal) and a fourth step, issuance, whose issuer, network, reserves and launch date are not announced.

Tether · Oct 7

Tether, Kazakhstan's Central Bank Sign MoU to Study a Tenge Stablecoin

Tether says the memorandum covers a study of issuance models, use cases and a pilot proposal. No issuer, network or launch date has been announced.

Ledger-style diagram of an SAP Pay stablecoin payment: invoice, payment run, USDC for US dollars or EURC for euros, and an end-of-day CAMT.053 statement

Circle · Oct 7

SAP Pay Adds USDC and EURC Through Tereina and Circle

SAP Pay, run by SAP-backed Tereina, can pay invoices in USDC for dollar workflows and EURC for euro ones, with the payment reconciled inside SAP Cloud ERP.