Today, cryptocurrencies are back in the red. The Senate Agriculture Committee released a draft of the long-awaited crypto market structure bill, and Visa's Mark Nelson breaks down the payment giant's latest step forward in stable coin adoption. Welcome to CNBC's Crypto World.I'm Talia Kaplan. Cryptocurrencies are back in the red this morning with Bitcoin falling to the $11,000 level by noon Eastern. Ether's also headed lower, falling below $3,400 and XRP dropped to $2.34%.And taking a look at stablecoin iss ...

Federal Reserve Governor Stephen Miran on Friday said that if stablecoins end up enjoying widespread adoption it could mean the central bank needs to keep short-term interest rates lower than they would otherwise be. ...

Core Insights - Cross-border payments are the primary use case for corporate stablecoin users, with 41% reporting savings of over 10% compared to traditional payment methods [1] - The market cap of stablecoins has surged by 66% to approximately $300 billion over the past year, driven by the regulatory clarity provided by the GENIUS Act [2] - Stablecoins are projected to account for 5% to 10% of global transactions by 2030, translating to an estimated value of $2.1 trillion to $4.2 trillion [4] Adoption and Market Sentiment - 100% of surveyed financial institutions and large corporations are familiar with stablecoins, with 65% expecting increased interest in the next six to twelve months [2] - 15% of financial institutions currently offer stablecoin services, but 57% are exploring opportunities, primarily driven by client demand [7] - Over half (53%) of financial institutions plan to combine in-house infrastructure with vendor partnerships to build stablecoin capabilities [8] Benefits and Use Cases - The main motivations for adopting stablecoins include faster settlement times and cost reduction, each cited by 65% of respondents [9] - Stablecoins are seen as a means to create new revenue streams (59%) and differentiate payment strategies (52%) in a competitive landscape [9] - The promise of instant settlement and reduced transaction costs makes stablecoins particularly appealing for B2B cross-border transactions [3] Regulatory Environment - The GENIUS Act has provided a framework for stablecoin regulation, which is expected to enhance confidence and accelerate innovation in the sector [6][12] - Financial institutions are optimistic about the long-term potential of stablecoins, especially with the requirement for them to be backed by real-world assets like U.S. Treasuries [11] Future Outlook - The outlook for stablecoin adoption is strong, with organizations recognizing the benefits of cost savings, speed, and liquidity, particularly in cross-border transactions [12] - The continued evolution of stablecoin infrastructure and services is anticipated to benefit both financial institutions and their corporate clients [12]

Group 1: Acquisition Interest - Mastercard and Coinbase are competing to acquire stablecoin infrastructure provider BVNK, with a potential deal valued at approximately $2.5 billion [1] - Coinbase appears to have an advantage over Mastercard in the acquisition discussions, although the outcome remains uncertain [1] Group 2: Market Trends - Stablecoin adoption is rapidly increasing, with a total transaction volume of $27 trillion globally across over a billion transfers completed in 2024, according to Visa [2] - Stablecoins, which are cryptocurrencies pegged to fiat currencies, are becoming mainstream and are reshaping global payments and finance [3] Group 3: Industry Projections - A report from Citigroup projects that stablecoins could become a $1.9 trillion market by the end of the decade, revising earlier estimates upward [4] - The supply of stablecoins has increased from $200 billion at the beginning of 2025 to over $300 billion by September, driven by crypto ecosystems and demand for USD exposure [4] Group 4: BVNK's Operations - BVNK, a licensed e-money institution in the UK and Europe, provides named IBANs for EUR and GBP and facilitates access to various payment schemes [5] - The company processes over $20 billion annually for international enterprises and payment service providers like Worldpay and dLocal [6]

Stablecoin startup BVNK has drawn the attention of major players in crypto and payments, including Coinbase, Mastercard, Visa and Citi. | Credit: NurPhoto / Getty Images. Key Takeaways Coinbase and Mastercard are reportedly in talks to acquire BVNK. The stablecoin startup previously received investments from Citi and Visa. BVNK’s infrastructure bridges fiat and blockchain payment rails. Stablecoin startup BVNK has become one of the hottest properties in financial technology. Existing investors in ...

Market Trends & Adoption - The industry is returning to fundamentals, with privacy becoming a key focus [1][2] - Institutional adoption and tokenization are driving the market in a positive direction [1] - Stablecoin adoption is experiencing significant growth [1] DeFi Innovation - DeFi OG builders are developing improved products [1] - Aave's deposits reached over 75 Billion, driven by their RWA Horizon product [1] - Morpho is enhancing DeFi infrastructure with Coinbase vaults [1] Industry Sentiment - The crypto space has undergone a cleansing and maturation process [2] - The overall sentiment is bullish [2]

Core Insights - The article discusses 12 bank stocks recommended by Goldman Sachs, highlighting cautious optimism among bank executives for 2025 due to easing inflation and interest rates, despite concerns over slow economic growth and regulatory uncertainty [1][4]. Economic Outlook - American GDP growth is projected to decline to 1.5% in 2025, with risks including weaker consumer spending, rising unemployment, and global conflicts [2]. - A technology-driven productivity boost could potentially raise growth to 1.9%, while persistent inflation may slow it down to 1% [2]. - Central banks' monetary policies are expected to influence the global financial environment, with the European Central Bank likely lowering rates to 2.75% by year-end [3]. Financial Industry Sentiment - The US financial industry is cautiously optimistic for the second half of 2025, anticipating robust consumer spending and positive impacts from new regulations and artificial intelligence [4]. - Investment banking is expected to improve, with increased mergers, acquisitions, and IPOs if the Federal Reserve continues to cut rates [4]. Regulatory Environment - Regulatory changes under the Trump administration are anticipated to enhance banking activity, particularly in M&A [5]. - New regulations are facilitating the offering of digital asset products, although building the necessary infrastructure will take time [5]. Stock Recommendations - Fidelity National Information Services, Inc. (NYSE:FIS) has a Goldman Sachs stake value of $739.2 million, with a recent price target adjustment from Raymond James leading to an 8% drop in shares [9][11]. - Citigroup Inc. (NYSE:C) has a stake value of $804 million, with shares rising after a deal to sell a 25% stake in Banamex for approximately $2.3 billion [13][14]. - The Charles Schwab Corporation (NYSE:SCHW) has a stake value of $821.9 million, reporting a 35% increase in core net new assets year-over-year [15][16].

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Brex will begin accepting stablecoin payments on its platform in coming months, the company announced Tuesday. Customers with a Brex business account can then accept stablecoins — starting with Circle Internet Group’s USDC — as payment, with automatic conversion into dollars, and to send stablecoins from their fiat balances. Customers will also be able to pay card ...

Former BitMEX CEO Arthur Hayes accumulated $995,000 worth of Ethena (ENA) tokens over 48 hours ahead of Hyperliquid’s crucial USDH stablecoin validator vote scheduled for September 14. His aggressive buying spree included 578,956 ENA tokens worth $473,000 in the final purchase, bringing total holdings to 5.02 million tokens valued at $3.91 million. Ethena Might Win the Hyperliquid Stablecoin War? Hayes’ timing coincides with Ethena’s competitive bid to issue Hyperliquid’s native stablecoin using USDtb c ...

Summary of Stablecoin Discussion in Earnings Calls Industry Overview - The discussion revolves around the payments ecosystem, particularly focusing on stablecoins and their applications in cross-border transactions, internal treasury management, and domestic payments [1][7][32]. Key Points on Stablecoins 1. Primary Use Cases - **Cross-Border Payments**: Management teams view cross-border transactions as the primary use case for stablecoins, particularly in select geographies [1][3]. - **Internal Treasury Management**: Companies are leveraging stablecoins to enhance internal treasury operations and reduce costs [5][27]. - **Domestic Payments**: There is skepticism regarding stablecoins' effectiveness in domestic consumer payments, with many believing they do not address consumer needs [2][20]. 2. Company-Specific Insights - **Mastercard (MA)**: Emphasizes that stablecoins do not currently provide a compelling value proposition for regular P2M payments, likening them to prepaid cards [4][26]. However, they are expanding options for cross-border transactions and remittances [18]. - **American Express (AXP)**: Expresses doubt about stablecoins replacing existing payment methods, citing the benefits of current systems like rewards and dispute resolution [23][54]. - **Visa (V)**: Highlights the deployment of stablecoin-linked cards and the potential for faster cross-border transactions, particularly in emerging markets [21][35]. - **PayPal (PYPL)**: Introduces PYUSD, a stablecoin aimed at addressing high fees and slow cross-border transfers, with a focus on real-world applications [45][49]. 3. Partnerships and Collaborations - Numerous partnerships have been announced to integrate stablecoin functionalities, such as: - **PAYO x Citi**: Leveraging Citi's Token Services for global liquidity [6]. - **CPAY x Circle**: Integrating USDC wallets into CPAY's platform [6]. - **RELY x Bridge**: Enabling stablecoin disbursements in select markets [6]. - These partnerships aim to enhance treasury efficiency and facilitate the movement of funds across different currencies [11][30]. 4. Challenges and Considerations - **FX Conversion Needs**: While stablecoins offer time and cost savings in certain corridors, there remains a need for effective foreign exchange conversion solutions [3][15]. - **Consumer Adoption**: The lack of consumer demand for stablecoins in domestic payments is a significant barrier, with many companies noting that existing payment methods are sufficient [2][24][25]. - **Infrastructure and Compliance**: Companies emphasize the importance of robust infrastructure and regulatory compliance to facilitate stablecoin transactions [42][54]. 5. Future Outlook - The consensus among industry players is that while stablecoins present opportunities, they are unlikely to replace existing payment systems. Instead, they will serve as complementary tools, particularly in cross-border transactions and treasury management [54][19][51]. Additional Insights - The integration of stablecoins into existing payment systems is seen as a way to enhance efficiency and reduce costs, particularly for businesses operating in multiple currencies [29][40]. - Companies are actively exploring the potential of stablecoins to address the needs of customers in inflationary economies, providing them with a less volatile currency option [53][54]. This summary encapsulates the key discussions and insights from the earnings calls regarding stablecoins, highlighting their potential applications, challenges, and the evolving landscape of the payments industry.