Wyoming adds Chainlink reserve verification to state-issued stable token
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United Stables Launched | _2024111120230_ | Reserve Proof Page
United Stables has announced the official launch of its Proof of Reserves (PoR) page. This page integrates with the Chainlink Data API, providing automated, on-chain verifiable reserve data and a more intuitive display of its 1:1 asset backing.
The Proof-of-Reserves (POR) page for stablecoin U is now officially live.
According to official news, Odaily U has officially launched its Proof of Reserves (POR) feature page. This page fully integrates Chainlink's Data API, providing automated, encrypted, and on-chain verifiable support for United Stables asset reserves. Key updates include: real-time and tamper-proof on-chain reserve data powered by Chainlink; an upgraded navigation bar on the official website homepage for seamless tracking of transparency metrics; and a clearer and more intuitive presentation of 1:1 asset backing.
Mantle adds Paxos’ USDG stablecoin, joins Global Dollar Network
Mantle has added Paxos-issued USDG as a natively minted stablecoin while joining the network’s reward-sharing structure.
Singapore weighs recognizing some foreign-issued stablecoins
Singapore is considering allowing jointly issued cross-border stablecoins into its regulatory regime, revisiting its earlier decision to restrict the framework to domestic issuance.
Binance Research released a stablecoin industry report: platform stablecoin reserves reached $53 billion, with market share rising to 57%.
Odaily Odaily that Binance Research has released an industry report titled "Stablecoins: Reshaping the Financial Landscape." The report shows that as of now, Binance's stablecoin reserves have reached $53 billion, increasing its market share from 54% to 57%, approximately $42 billion higher than the second-largest exchange. Meanwhile, in the first five months of 2026, the cumulative trading volume of TradeFi-related perpetual contracts exceeded $1.1 trillion, with Binance accounting for over $500 billion, representing approximately 47% of the market share. Furthermore, since 2022, Binance Wealth Management has distributed $1.2 billion in yield to over 14 million stablecoin users; BNB Chain sees 10 million daily stablecoin transactions and 15 million monthly active addresses, representing a market share of approximately 24% by transaction volume. The report points out that stablecoins are evolving from crypto asset trading tools into a crucial global financial settlement infrastructure, and Binance has built a one-stop stablecoin financial ecosystem covering trading, payments, yields, investment, and on-chain ecosystem.
The Reserve Bank of India reiterated its opposition to the legalization of cryptocurrencies to a parliamentary panel, favoring a containment-style regulatory approach.
According to Foresight News , citing the Economic Times, the Reserve Bank of India (RBI) reiterated its opposition to legalizing virtual digital assets (VDAs, including cryptocurrencies) to the Standing Committee on Finance of the Indian Parliament on Thursday, arguing that such assets pose a threat to emerging economies. This marks the first time the RBI has directly addressed the issue of cryptocurrencies to the committee, which was holding a meeting that day to discuss "Research on Virtual Digital Assets and Future Paths." RBI officials stated that virtual digital assets should not be granted legal status at this stage, arguing that such assets could be used for illicit activities such as terrorist financing and drug trafficking, and that regulating related offshore entities would be difficult. According to another report, the RBI favors a prohibitive containment strategy to ensure that banks and regulated financial institutions are protected from the risks associated with this asset class. The RBI also criticized stablecoins pegged to fiat currencies (such as the US dollar), arguing that they undermine national monetary sovereignty, and advocated that users switch to a central bank digital currency (CBDC) issued by the RBI itself for virtual asset transactions. Following the meeting, Committee Chairman Bhartruhari Mahtab told the media that the RBI opposes legalizing virtual digital assets in India. He also noted that compared to other digital assets, the RBI's own digital currency (e-rupee) is "not a thriving asset," currently boasting approximately 10 million users, representing only 0.42% of India's population, and struggling to gain traction despite the unified payment interface (UPI, which processes over 300 million transactions daily). The meeting also heard feedback from the Institute of Chartered Accountants of India (ICAI), which supports a comprehensive legal framework for virtual digital assets. The RBI also questioned long-held claims that India is one of the world's largest adopters of cryptocurrency, arguing that the statistical methods used by private blockchain analytics firms are flawed and may overestimate adoption rates in more populous countries.