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Sony’s Blockchain Partner Startale Launches Dollar Stablecoin on Soneium
Yahoo Finance· 2025-12-03 14:44
Group 1 - Startale Group has launched a stablecoin called Startale USD (USDSC), pegged to the U.S. dollar, intended for use within the Soneium ecosystem for payments and rewards [1] - The Soneium platform is an Ethereum layer-2 network developed by Sony Block Solutions Labs, a collaboration between Sony Group and Startale [1] - Japan is increasingly adopting digital currencies, with stablecoins, valued at $300 billion, being recognized as viable payment alternatives [2] Group 2 - Major Japanese banks, including MUFG, SMBC, and Mizuho, have received regulatory approval for pilot projects involving yen-based stablecoins [2] - Sony Bank plans to issue its own stablecoin next year, further contributing to the digital currency landscape in Japan [2] - USDSC is built on M0's infrastructure, a startup known for developing modular platforms for programmable stablecoins [3] Group 3 - Startale is also launching STAR Points, a rewards system designed to incentivize users for engaging with USDSC and the Startale App [3] - The CEO of Startale, Sota Watanabe, emphasized the goal of making Web3 tools as user-friendly as mainstream applications [4] - This stablecoin launch is part of Startale's broader strategy to capture a share of the projected $19 trillion tokenization market by 2033, following a partnership with SBI Holdings to create a digital asset exchange [4]
Opera, Celo Scale Up Partnership to 'Make Stablecoins Useful' For Millions of Users
Yahoo Finance· 2025-12-03 14:31
Core Insights - Opera and the Celo Foundation are extending their partnership to enhance financial inclusion for a billion people by 2030 through low-cost stablecoin payments [1] - The partnership includes the introduction of stablecoin-backed payment cards, expanded real-world asset offerings, and a Mini App Roadshow across Asia and South America [1][2] Company Developments - MiniPay, a non-custodial stablecoin wallet provider on Celo, has achieved 11 million activated wallets and processed over 300 million transactions since its launch in September 2023 [3] - Celo has become a leading Ethereum layer-2 platform with 700,000 daily active users and over 3 million weekly USDT users [3] Market Trends - The joint MiniApp roadshow is set to take place in early 2026, focusing on regions with strong developer activity and increasing crypto adoption [5] - Latin America has seen nearly $1.5 trillion in crypto transaction volume from July 2022 to June 2023, with Brazil accounting for $318.8 billion, reflecting a 109.9% period-over-period growth [5] Stablecoin Insights - Over 90% of Brazilian crypto flows are now related to stablecoins, with stablecoin purchases constituting more than half of all exchange activity in Brazil, Argentina, and Colombia [6] - The stablecoin market is valued at over $310 billion, with predictions suggesting it may not exceed $360 billion before February [6]
X @Token Terminal 📊
Token Terminal 📊· 2025-12-03 14:01
RT Token Terminal 📊 (@tokenterminal)🚨👥 Monthly USDC senders on @ethereum reached an all-time high of 1.6 million.Stablecoin users 🤝 Ethereum https://t.co/M5aDjwb46V ...
Sony's Blockchain Partner Launches Institutional-Grade Stablecoin for Soneium
Yahoo Finance· 2025-12-03 14:01
Core Insights - Startale Group has launched Startale USD (USDSC), an institutional-grade dollar stablecoin, as the default settlement currency for the Soneium network, which is an Ethereum layer-2 platform [1][2] - The launch of USDSC is accompanied by a rewards program called STAR Points, incentivizing transactions through the Startale App [1][3] - The global stablecoin market is valued at over $310 billion, with predictions indicating an 88% chance that total capitalization will not exceed $360 billion before February [5] Company Developments - Startale Group's USDSC aims to provide a stable and trusted currency for users and creators on the Soneium platform, facilitating payments and yield opportunities [2] - The underlying infrastructure for USDSC is provided by the universal stablecoin platform M0, which integrates issuance, application logic, and liquidity [2] - The Startale App is currently open for a waitlist, allowing early access to USDSC features and STAR Points [3] Industry Trends - Japan's Financial Services Agency (FSA) has approved several stablecoin initiatives, including a dollar-pegged stablecoin by Circle and a yen-stablecoin pilot by major banks, indicating a growing regulatory acceptance of stablecoins in the region [4] - The stablecoin market is experiencing momentum, with various projects and partnerships emerging to enhance the infrastructure and usability of stablecoins [4]
X @Circle
Circle· 2025-12-03 13:15
RT Starknet (BTCFi arc) 🥷 (@Starknet)1/ Native USDC & CCTP are officially live on Starknet Mainnet.Users and builders can now access the world’s largest regulated stablecoin natively on Starknet, with the benefits of Circle’s burn-and-mint infrastructure.A massive milestone for the ecosystem 🧵 https://t.co/4TLHXcWhjB ...
Rezolve Ai Accelerates Global Stablecoin Payments Rollout to Power the Next Wave of Agentic Commerce
Globenewswire· 2025-12-03 13:00
Core Insights - Rezolve Ai has processed over $1 billion in stablecoin transactions, indicating strong consumer and merchant adoption of digital asset payments [2] - The company is expanding its payment capabilities into North America, the UK, and Europe, leveraging its existing enterprise presence and the acquisition of Crownpeak [2][3] - The integration of Crownpeak is expected to enhance Rezolve's reach and create more opportunities for embedding AI-driven commerce and stablecoin payments [3][4] Expansion and Growth - Rezolve serves a diverse range of Western enterprise customers in sectors such as retail, fashion, finance, and hospitality [3] - The acquisition of Crownpeak, a leading digital experience platform, is anticipated to broaden distribution and deepen integration points with enterprise digital experiences [9] - The company aims to activate stablecoin payments within established customer bases, further solidifying its market position [9] Technological Advancements - Rezolve's platform is designed to unify various aspects of commerce, including conversational commerce, agentic shopping, and instant checkout, into a seamless AI-driven flow [5] - The collaboration with Subsquid aims to create a unified environment for AI-driven, agent-executed, and on-chain transactions at a global scale [6] - The company positions stablecoins as a key component of the agentic economy, with strong adoption among Western customers [7]
Ethena’s USDe Contracts as Dollar Stablecoins Hit Supply Milestones
Yahoo Finance· 2025-12-03 11:58
Core Insights - USDe, a synthetic-dollar stablecoin by Ethena, has experienced a significant decline in its monthly supply, dropping from a market capitalization of $9.3 billion on November 1 to $7.1 billion by November 30, indicating a sharp contraction in its value [1][2] - The overall stablecoin market is witnessing substantial growth, with fiat-backed stablecoins like USDT, USDC, and PayPal's PYUSD attracting billions in inflows [4][6] Group 1: USDe Performance - USDe has recorded approximately $2.2 billion in redemptions, reflecting a 24% decline in supply for November, as per Coingecko data [2] - The decline in USDe's outflows suggests that users may be swapping USDe on the open market or withdrawing from liquidity pools, potentially unwinding their positions on Decentralized Applications (DApps) [3] Group 2: Competitor Analysis - PayPal's PYUSD has seen its market capitalization grow from $1.2 billion in September to over $3.8 billion, attributed to the introduction of a 3.7% yield for users holding PYUSD in PayPal or Venmo wallets [4][5] - The total stablecoin market cap stands at $311 billion, with USD-backed tokens dominating at approximately $303 billion, highlighting the competitive landscape [6]
X @CoinMarketCap
CoinMarketCap· 2025-12-03 11:00
💡 Key Takeaways🔹 Payment rails modernize with instant fiat conversion🔹 Stablecoin deadlines force action amid central bank pushback🔹 States shift from passive holdings to validator operations🔹 Inflation economies lead as dollar shortages drive stablecoin demand8/8 ...
X @CoinMarketCap
CoinMarketCap· 2025-12-03 11:00
🇧🇴 BoliviaEconomy Minister announces banks will custody crypto and offer stablecoin savings, credit cards, and loans. Reverses decade ban lifted in June 2024 amid 22% inflation and dollar shortages. Crypto transactions jumped 12x to $88M, 86% retail users. Toyota, Yamaha, BYD accept USDT for vehicles.7/8 ...
X @CoinMarketCap
CoinMarketCap· 2025-12-03 11:00
Week in Crypto Adoption: Payment Rails Modernize as State Control Battles DecentralizationRedotPay launches Nigerian naira cashouts with Ripple! South Korea sets Dec. 10 stablecoin deadline! Bhutan stakes $970K ETH! Turkmenistan legalizes crypto under state control! Bolivia integrates stablecoins into banks!Let's unpack this week's crypto adoption madness. 🧵1/8 ...