Stablecoin market under pressure: Stablecoin market capitalization decreased by approximately $10 billion, with US stocks becoming the main target of support.
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Stablecoin cross-border flows surge 78%, defying crypto bear market
Cross-border stablecoin transfers surged as the wider crypto market shrank 37%, with Chainalysis pointing to growing use for trade, remittances and savings.
Arch Lending eyes tokenized stocks as next collateral market
Arch Lending’s Himanshu Sahay said on Cointelegraph’s Chain Reaction podcast that the lender plans to move into tokenized equities as onchain stocks gain traction as collateral.
Blockchain.com eyes $500M IPO as crypto capital markets thaw: Report
The crypto company is seeking a valuation of up to $6 billion, well below its 2022 peak, as recently listed crypto stocks struggle to hold their gains.
SoFi tie-up shows stablecoins can provide alternative blockchain settlement rail
SoFi dives deeper into payments as it moves its entire card program to blockchain-based settlement using its SoFiUSD stablecoin, with more than $25 billion in expected annualized volume.
HIFI raises $37M to expand stablecoin payments, tokenized markets
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WisdomTree, MoonPay team up to expand US access to tokenized money market fund
MoonPay plans to use WisdomTree’s $1.2 billion WTGXX tokenized fund as part of its stablecoin reserves while helping expand access to US investors.