Modern Treasury, a payments infrastructure company valued at $2.1 billion, has acquired the stablecoin startup Beam, the companies announced Wednesday. The acquisition was an all-stock transaction worth about $40 million, according to a source familiar with the deal, who asked to remain anonymous while discussing private business discussions. Founded in 2022, Beam provides banks and other corporations with software to send and receive stablecoins, or cryptocurrencies pegged to underlying assets like the U ...

circle makes $385m from $11b in agent payments through usdc float interest. stripe makes $165m charging 1.5% on the same volume. circle needs adoption, stripe needs transactions. x402 hitting 51k transactions means every new agent deploying chooses usdc by default. the payment layer tokenomics favor the stablecoin issuer over the processor ...

Stablecoin adoption on BNB Chain is growing: @StraitsX now supports USDT on BNB Smart Chain!Note: This post is for informational purposes only and not financial advice. DYOR.https://t.co/ezr6QzfXpNStraitsX (@StraitsX):📢 Exciting news! StraitsX now supports #USDT on #BSC! 🚀Experience faster, low-cost, and seamless USDT transactions directly from your StraitsX account.Read more 👉 https://t.co/9P3RxOJC2j https://t.co/FY64INwjYP ...

Tether and Circle collectively minted $7 billion worth of tokens as Bitcoin climbed above $108,000, according to the data provided by on-chain analytics firm Lookonchain. Meanwhile, the stablecoin-to-Bitcoin ratio on Binance has dropped to its lowest point in two years, showcasing investor readiness for market accumulation. Binance Stablecoin Ratio Signals Latent Buying Power According to CryptoQuant, the ratio of stablecoins to USD exchanges on Binance has fallen to 0.8149, the lowest level since 2023. ...

Coinbase's Strategy - Coinbase is moving towards enabling private stablecoin transactions on Base, its Ethereum layer-2 network [1] - This move follows Coinbase's acquisition of Iron Fish, a platform focused on transaction privacy [1] Technology and Implementation - Base is "building private" capabilities, suggesting ongoing development in this area [1] - Iron Fish utilizes zero-knowledge proofs to hide transaction details while allowing selective transparency [1]

Partnership & Integration - Caldera partners with Ethena, a DeFi protocol behind USDe, the third largest stablecoin [1] - Ethena brings its Stablecoin-as-a-Service stack to Caldera, enabling Caldera rollups to launch stablecoins with instant liquidity [1] - Caldera's ecosystem chains can now leverage Ethena's stablecoin infrastructure [2] Stablecoin & Liquidity - Ethena's USDe has a Total Value Locked (TVL) of $12 billion [1] - Ethena's stablecoin infrastructure supports over $14 billion in liquidity [2] Technical Implementation - The partnership integrates with Caldera's Stablecoin Module [1]

Core Viewpoint - The head of the U.S. Office of the Comptroller of the Currency (OCC) has downplayed fears regarding stablecoins potentially triggering a banking crisis, asserting that the risk of a deposit run is overstated and unlikely to occur suddenly [1][5]. Group 1: Market Expansion and Regulation - The stablecoin market has seen significant growth, increasing from $205 billion in January to over $307 billion [2]. - Tether's USDT dominates the market with approximately 59% share, followed by Circle's USDC [2]. - The rapid market expansion has led to increased calls from the banking sector for stricter regulatory oversight [2]. Group 2: Concerns Over the GENIUS Act - The American Bankers Association and over 50 state banking groups have urged Congress to address perceived "loopholes" in the GENIUS Act, which could allow stablecoin issuers to indirectly pay yields through affiliates [3]. - These groups warn that such practices could result in significant deposit outflows from traditional banks [3]. Group 3: Potential Impact on Traditional Banking - A joint letter from various banking associations estimates that yield-bearing stablecoins could drain up to $6.6 trillion from traditional banks, based on U.S. Treasury estimates [4]. - The potential outflows could lead to increased interest rates, reduced loan availability, and higher borrowing costs for households and businesses [4]. Group 4: Opportunities for Smaller Banks - Jonathan Gould suggests that stablecoin adoption could present opportunities for smaller banks to enhance their competitiveness in digital payments [5]. - He emphasized that the OCC is closely monitoring stablecoin activities and would take action if there were a significant flight from the banking system [6].

Explore more with our Stablecoin Dashboard https://t.co/4nTygwSH8h ...

Core Insights - The Federal Reserve's proposal for a "skinny master account" could significantly benefit Ripple by allowing fintechs and crypto-focused banks direct access to the US financial system [1][2] Group 1: Federal Reserve Proposal - The "skinny master account" will enable legally eligible firms, including fintechs and blockchain companies, to connect directly to the Fed's payment rails, facilitating real-time settlement without relying on partner banks [1][2] - Currently, only chartered banks have direct access to the Fed's payment rails, which are essential for instant money movement between financial institutions [2] Group 2: Ripple's Position - Ripple has applied for a Fed master account earlier this year, viewing the "skinny" version as a major breakthrough in bridging blockchain settlements with traditional financial infrastructure [3] - The "skinny master account" will not provide privileges like borrowing from the Fed or earning interest on reserves, but it will offer critical payment capabilities similar to those used by commercial banks for domestic transfers [4][3] Group 3: Institutional Expansion - Ripple is expanding its institutional operations, highlighted by a recent $1 billion acquisition of GTreasury, which serves over 1,000 enterprise clients [5] - This acquisition positions Ripple to integrate blockchain liquidity solutions within corporate treasury systems, enhancing its regulatory access to payment infrastructure [5] - Additionally, Ripple has backed Evernorth, a newly listed entity aiming to raise over $1 billion to utilize XRP as an institutional liquidity asset [6]

RT Brendan Farmer (@_bfarmer)One thing that I realized re: ZEC.*In the past, a structural risk for ZEC has been delisting by CEXs due to regulatory pressure (OKX, Huobi, Coinbase UK)But stablecoin growth and CEX->DEX flows are hugely positive for ZEC.Every stablecoin issuer brings another onramp, making it harder to cut off capital's access to private money. Increasing DEX volume (and solutions like NEAR intents) provides better on-chain liquidity for ZEC and venues that are far less likely to delist privat ...