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Exodus joins stablecoin race with MoonPay-backed digital dollar
Yahoo Finance· 2025-12-16 21:25
Core Viewpoint - Exodus is entering the stablecoin market by launching a fully reserved, USD-backed stablecoin in partnership with MoonPay, expected to go live in January 2026 [1][2] Group 1: Company Strategy - The Exodus stablecoin is central to the upcoming product, Exodus Pay, which aims to facilitate everyday crypto payments while maintaining self-custody for users [2] - Users will be able to spend and send the digital dollar through the Exodus app, earning rewards and simplifying typical crypto transactions [2][3] Group 2: Market Position - This move positions Exodus among a select group of public companies offering stablecoin products, including Circle (USDC), PayPal (PYUSD), and Fiserv (FIUSD) [2] - The stablecoin will be accessible through MoonPay's global network, which includes buy, sell, and swap tools, with rollout contingent on regulatory approval [5] Group 3: Industry Insights - JP Richardson, co-founder and CEO of Exodus, emphasized that stablecoins are becoming the simplest way to hold and transfer dollars on-chain, highlighting the need for user experiences that meet modern consumer app expectations [3] - MoonPay's CEO noted that the Exodus partnership illustrates the potential for branded digital dollars to be integrated into consumer-facing financial tools, showcasing compliant stablecoin issuance at a global scale [4]
Snail Inc. Holds Successful Investor Day Event, Showcasing Its Digital Ecosystem Plans, Stablecoin $USDO Reveal, and New ARK Content Roadmap
Globenewswire· 2025-12-16 21:05
Core Insights - Snail, Inc. unveiled significant advancements in its digital ecosystem during the 2025 Investor Day, focusing on crypto integration and content expansion for its game franchise ARK [1][3] Group 1: Crypto Initiatives - The company introduced its upcoming stablecoin initiative named $USDO, aiming to enhance secure digital payments within its ecosystem [2] - A commemorative digital meme collectible called Golden Poop was launched to celebrate gaming culture [2] Group 2: Content Expansion - A teaser trailer for the new DLC ARK: Lost Colony was showcased, confirming its launch on December 18 [3] - A multi-year content roadmap was presented, detailing the ARK pipeline through 2027, ensuring ongoing franchise support [3][4] Group 3: Future Roadmap - The 2026 ARK roadmap includes titles such as Survival of the Fittest and ARK: World Creator [4] - The 2027 roadmap features ARK: Atlantis and ARK: Legacy of Santiago Part 1 among other titles [4]
X @Decrypt
Decrypt· 2025-12-16 19:52
Investment & Technology - Tether invests in a crypto startup [1] - The startup focuses on stablecoin use via Bitcoin Lightning Network [1]
Tether Heads $8M Funding for Speed to Boost Lightning Stablecoin Payments
Yahoo Finance· 2025-12-16 18:35
Core Insights - Tether has made an $8 million strategic investment in Speed1, Inc. to enhance Lightning-native, stablecoin-powered payments for global commerce, indicating a strong commitment to Bitcoin-aligned payment infrastructure [1][2] - The investment aims to support the growing adoption of USDT on the Bitcoin Lightning network, which is expected to facilitate instant and low-fee settlements for various users [3][5] Investment Details - Tether co-led the funding round for Speed, which focuses on payment solutions utilizing the Bitcoin Lightning Network and stablecoins, targeting a diverse range of users including consumers, creators, platforms, and enterprise merchants [2][3] - Speed processes over $1.5 billion in annual payment volume and serves approximately 1.2 million users and businesses, showcasing its significant market presence [3] Strategic Goals - Tether views the Speed investment as part of a broader strategy to bolster Bitcoin-based financial infrastructure and expand the role of USDT in real-world payment scenarios [3][4] - CEO Paolo Ardoino emphasized that the combination of Lightning technology and stablecoins like USDT can streamline transactions and prepare Bitcoin networks for mainstream commercial use [4] Market Trends - The activity of stablecoins on the Lightning Network has increased since Tether's announcement to integrate USDT with Bitcoin's base layer and Lightning, which is expected to lower costs and settlement times for various payment types [5] - Consumer applications, such as Block's Cash App, are beginning to adopt Lightning and stablecoins, indicating a growing trend towards integrating these technologies into everyday financial transactions [6] Recent Initiatives - Tether's investment in Speed is part of a series of strategic moves to expand USDT's payment capabilities, including investments in Zengo wallet and Fizen, aimed at enhancing stablecoin access and self-custody tools [7] - In November 2025, Tether also invested in Ledn, a Bitcoin-backed lender, to broaden credit products while maintaining customer self-custody, further supporting the use of USDT and BTC as collateral [8]
X @Cointelegraph
Cointelegraph· 2025-12-16 17:45
🔥 LATEST: BNB Chain announced plans to roll out a new stablecoin aimed at powering liquidity across major application scenarios. https://t.co/U7MYuelK2N ...
RedotPay Raises $107M Series B as Stablecoin Payments Surge to 6M Users Worldwide
Yahoo Finance· 2025-12-16 17:28
RedotPay, a stablecoin payment fintech, has raised $107 million in an oversubscribed Series B funding round showing investor confidence in the role of stablecoins in everyday payments. This latest funding raise brings RedotPay’s total capital secured in 2025 to $194 million as the company continues to scale rapidly. Rapid User Growth and Surging Payment Volumes RedotPay said it now serves more than 6 million registered users across over 100 countries. As of November 2025, the platform has surpassed $10 ...
X @CoinMarketCap
CoinMarketCap· 2025-12-16 16:25
LATEST: 💴 Japanese financial conglomerate SBI Holdings is partnering with Web3 infrastructure provider Startale to develop a regulated yen-pegged stablecoin to be used in tokenized asset markets and global settlement systems. https://t.co/vu3RbKg9Rc ...
Tether leads $8 million investment in Speed to push USDT further into everyday payments
Yahoo Finance· 2025-12-16 16:17
Core Insights - Tether has made an $8 million strategic investment in Speed, a payments infrastructure company that integrates Bitcoin's Lightning Network with stablecoin settlement for real-time money transfers [1][2] - Speed processes over $1.5 billion in annual payment volume and serves approximately 1.2 million users and businesses through its wallet and merchant products [1] - The investment aims to enhance Bitcoin-aligned financial infrastructure and broaden the use of USDT beyond trading [2] Group 1 - Speed's system utilizes the Lightning Network for fast payments while allowing settlement in USDT for users seeking predictable values [2] - Tether's CEO emphasized that Speed demonstrates the capability of Lightning networks to support real commerce when combined with a stable digital dollar [2] - Speed's CEO highlighted the transition of crypto from speculation to practical use, emphasizing the combination of speed from Lightning and universal access from stablecoins [3] Group 2 - Tether has been actively investing its substantial profits across various sectors, including a majority stake in Latin American agricultural firm Adecoagro, a privacy-focused health app, and a stake in video-sharing platform Rumble [3] - The company reported over $10 billion in profit during the first nine months of the year, primarily driven by interest on U.S. Treasury holdings backing USDT [4]
X @Decrypt
Decrypt· 2025-12-16 16:14
Visa Begins US Stablecoin Settlement via USDC on Solana► https://t.co/2lzj1e1Hms https://t.co/2lzj1e1Hms ...
X @Solana
Solana· 2025-12-16 15:03
RT Capital Markets (@capitalmarkets)Visa introduces Stablecoin settlement for U.S. banks on Solana.- Supports @USDC settlement for U.S. issuers and acquirers- Initial bank partners include @crossriverbank and @Lead_Bank- Introduces 7-day settlement windows https://t.co/XEqeFTjY6Q ...