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X @Chainlink
Chainlink· 2025-10-30 18:00
.@InverseFinance has integrated Chainlink CCIP to enable secure cross-chain transfers of sDOLA, its decentralized yield-bearing stablecoin, across Arbitrum, Base, Berachain, Ethereum, and Optimism.Inverse has also integrated Chainlink Price Feeds on Base and Ethereum to ensure highly secure markets around DOLA via tamper-proof pricing data. ...
COIN Climbs on Stablecoin & Retail Boost: Can Earnings Confirm Uptrend?
Youtube· 2025-10-30 18:00
Core Insights - Coinbase has experienced a flat trading performance over the past month, with a slight decline leading into its earnings results [2] - The company reported a disappointing earnings result last quarter, with retail trading growth of 16% year-over-year falling short of expectations [3][11] - Coinbase is evolving from a retail-focused platform to a comprehensive DeFi service provider, expanding its offerings significantly [7][8] Financial Performance - Revenue from the stablecoin USDC has increased by 38% year-over-year, reaching approximately $330 million [4] - The company has originated over $1 billion in loans secured by Bitcoin, indicating a growing interest in their lending services [6] - Web visits to Coinbase have risen by 34% year-over-year, suggesting a rebound in retail interest [9][17] Market Position and Competition - Coinbase is positioning itself as a one-stop shop for various crypto services, including tokenized assets and derivatives [7][8] - The company faces potential challenges from increasing competition, which may pressure its fee structure in the long term [10][15] - Despite high fees, the lack of serious competition currently may benefit Coinbase's profitability [10] Future Outlook - The earnings score for Coinbase is projected at +63, indicating a bullish sentiment based on the recent rebound in retail interest and low expectations from the previous quarter [19][20] - The correlation between Bitcoin's performance and Coinbase's trading activity remains strong, suggesting that interest in cryptocurrency will directly impact Coinbase's results [12][14]
Western Union Files Trademark for ‘WUUSD’ a Day After USDPT Stablecoin Reveal
Yahoo Finance· 2025-10-30 17:51
Core Insights - Western Union has applied for a trademark for "WUUSD" while planning to issue a USD-pegged stablecoin on the Solana blockchain in early 2026, despite previously announcing the coin would be called USDPT [1][2] - The WUUSD trademark application has been accepted by the USPTO but is pending examination for approval, and it may be used for stablecoin payment processing and foreign currency exchange [2] - Western Union aims to create a "digital asset network" to provide real-world utility for digital assets, though details on potential other tokens or projects remain unclear [3] Industry Context - The stablecoin market features multiple issuers like Tether and Circle, which have various stablecoins pegged to different assets, indicating a trend towards diverse stablecoin offerings [4] - Rajiv Sawhney from Wave Digital Assets suggests that WUUSD may serve as a more recognizable public-facing ticker, while USDPT could be the regulatory name, highlighting branding considerations in the stablecoin space [4] - A prediction market indicates that over 50% of respondents believe the stablecoin market value could reach $360 billion before February, reflecting optimism in the sector's growth potential [4]
CBDC with Stablecoin Mechanics: Indonesia’s Digital Rupiah to Be Backed by Government Bonds
Yahoo Finance· 2025-10-30 15:29
Core Insights - Bank Indonesia (BI) is advancing its central bank digital currency (CBDC) project, integrating stablecoin mechanics to create a digital rupiah backed by government bonds [1][2] - The digital rupiah will be supported by tokenized government bonds, known as Surat Berharga Negara (SBN), enhancing its stability [2][3] - This initiative is part of Project Garuda, aimed at financial digitalization and innovation in Indonesia [1][4] Group 1 - The digital rupiah will combine the security of a central bank-issued currency with the stability of asset-backed tokens, described as a "national stablecoin" [3] - The model ties the value of the digital rupiah directly to government bonds through tokenization, ensuring stability [3] - The new framework aligns with BI's broader digital finance agenda, focusing on innovation, industrial structure, and financial stability [4] Group 2 - BI will tokenize government bonds to issue digital securities, enhancing market liquidity and reducing transaction costs through blockchain automation [5] - The hybrid CBDC will provide advantages such as greater monetary policy control, improved payment efficiency, and enhanced security [6] - Unlike private stablecoins, the digital rupiah will be a direct liability of the central bank, reinforcing public trust and enabling faster, cheaper payments [7]
X @Polygon
Polygon· 2025-10-30 13:03
Africa’s largest payments infra provider just made its move onchain.@theflutterwave has chosen Polygon as its default blockchain to launch low-cost cross-border stablecoin payments for millions of consumers and global corporations, like Uber and Audiomack.This marks one of the largest real-world stablecoin deployments in emerging markets to date, spanning 30+ African countries. ...
Mastercard in advanced talks to acquire Zerohash for up to $2bn – report
Yahoo Finance· 2025-10-30 12:05
Mastercard is in advanced negotiations to purchase Zerohash, a startup that provides stablecoin and blockchain infrastructure, for a price reportedly between $1.5bn and $2bn, reported Fortune citing sources. The negotiations are not complete, and the proposed transaction could still fail to materialise, the report said. Zerohash, established in 2017 and headquartered in Chicago, offers infrastructure that supports stablecoins and crypto trading. Its services include tools for firms to deploy crypto trad ...
Top 2 Financial Stocks You May Want To Dump This Month
Benzinga· 2025-10-30 12:00
Core Insights - Two stocks in the financial sector are signaling potential warnings for momentum-focused investors as of October 30, 2025 [1] Company Summaries - **Western Union Co (NYSE: WU)**: The company is set to launch a U.S. dollar-backed stablecoin, USDPT, on the Solana blockchain in the first half of 2026, aiming to enhance cross-border transfers for its 100 million global customers. The stock has increased by approximately 18% over the past five days, with a current RSI value of 76.4 and a closing price of $9.54 [7] - **Bank of NT Butterfield & Son Ltd (NYSE: NTB)**: The bank reported strong quarterly results, highlighting improved efficiency and increased banking and foreign exchange fees. The stock rose by about 5% over the past five days, with an RSI value of 70.6 and a closing price of $44.34 [7]
X @Cointelegraph
Cointelegraph· 2025-10-30 10:30
🇰🇷 NEW: KRWQ, the first fully backed Korean-won stablecoin built on Base, has launched.Will this set the stage for wider adoption of won-backed assets? https://t.co/WSTMFBdWPq ...
X @Cointelegraph
Cointelegraph· 2025-10-30 10:00
🇮🇩 JUST IN: Indonesia’s central bank will launch a bond-backed stablecoin tied to its digital rupiah CBDC. https://t.co/dgEFp75qRy ...
X @CZ 🔶 BNB
CZ 🔶 BNB· 2025-10-30 06:57
Crypto Market & BNB Analysis - BNB 被认为是链上未来的基础设施和指数,包括稳定币、代币化和预测市场等 [1] - 行业观点认为 BNB 的价值被低估,未来价格可能超过 1000 美元 [1]