Stablecoins

‹ BackNewsStablecoins

Brazil

2026-10-04 05:32:56

Brazil election outcome could shape the country’s crypto policy direction

Brazil’s presidential election is set for Oct. 4, and the result could affect the direction of crypto policy in a country described by Bitcoin.com News as ranking first globally in crypto adoption. The race pits incumbent President Luiz Inacio Lula da Silva, referred to in the source as Lula, against Flavio Bolsonaro, the son of a former president. According to the report, a Lula victory would likely bring tighter regulation and stricter compliance requirements for the crypto sector. Brazil’s central bank has already stepped up oversight of exchanges, and a tax on stablecoin transactions, previously put on hold because of the election, could move forward. If Flavio Bolsonaro wins, his position on crypto remains unclear. The report says there is no record of him publicly mentioning cryptocurrencies, though it notes that he previously defended individuals linked to the "Bitcoin Pharaoh" pyramid scheme.

Brazil

2026-10-04 05:57:06

Brazil election outcome may shape crypto policy as vote nears

Brazil’s presidential election, scheduled for Oct. 4, could influence the direction of crypto policy in what the report described as the world’s top country for crypto adoption. The race pits incumbent President Luiz Inacio Lula da Silva, referred to in the source as Lula, against Flavio Bolsonaro, son of a former president. According to Bitcoin.com News, a Lula victory could bring tighter regulation and stricter compliance requirements for the crypto sector. The report said Brazil’s central bank has already stepped up oversight of exchanges, and a tax on stablecoin transactions, previously put on hold because of the election, could move forward again. By contrast, Flavio Bolsonaro’s position on crypto remains unclear. The report said there is no record showing that he has publicly mentioned cryptocurrencies. It also noted that he had previously defended a person linked to the "Bitcoin Pharaoh" pyramid scheme. The election result is being watched for its potential impact on the country’s next phase of crypto rulemaking.

Tron

2026-10-04 01:22:22

Justin Sun says Tron stablecoins will soon hit a new high, sees network leading by 2027

Tron founder Justin Sun said in a post on X that stablecoins on Tron will soon reach a new high and predicted the network will become the No. 1 stablecoin network by 2027. In the same post, Sun urged projects that have not yet integrated Tron-based stablecoins to move faster. He also said more stablecoins are set to go live on the network, in addition to USDT and USDD. The remarks were published through Sun’s X account, @justinsuntron, and were cited by Techub News. No additional figures or launch dates were disclosed in the post summary.

Xiao Feng

2026-10-04 00:02:45

Xiao Feng says financial centers that reject tokenization and 24/7 markets risk being left in an older system

Wanxiang Blockchain chairman Xiao Feng used a keynote speech at the 12th Blockchain Global Summit in Shanghai to argue that tokenized assets, onchain finance, stablecoins and 24/7 trading should not be treated as a narrow product upgrade. In his view, they could reshape how international financial centers compete, pulling liquidity, capital and asset issuance toward markets that move first. He said the implications go well beyond longer trading hours, touching pricing power, settlement design, disclosure standards, cross-border financing rules and the structure of global market infrastructure. Xiao linked the shift to changes already under discussion in the United States. He referred to remarks by the CFTC chair on large-scale tokenization, onchain finance, round-the-clock trading and stablecoins, and argued that the next decade could bring changes larger than those seen in previous decades of US market evolution. He also said the US push is tied to the need to finance a new AI infrastructure cycle, from power to data centers, and to prepare markets for a future in which AI agents may participate in trading and payments. His broader warning was directed at other financial centers. If they do not accept tokenization, blockchain-based infrastructure and continuous trading, he said, they may remain in an older financial system while the largest markets move on. That, in turn, could affect liquidity, issuance, market standards and even who gets to set prices for assets traded across borders.

Circle

2026-10-03 14:16:38

Circle asks EU to revise MiCA rules for offshore stablecoins and drop bank deposit reserve requirement

Circle, the issuer of USDC, has submitted recommendations to the European Commission calling for changes to the Markets in Crypto-Assets regulation, or MiCA, as it applies to stablecoins issued outside the European Union. The company said the framework should include a recognition mechanism for foreign issuers rather than rely solely on the current structure. Under Circle’s proposal, oversight of offshore stablecoin issuers would remain primarily with regulators in the issuer’s home jurisdiction. Once equivalence is recognized by relevant parties and the European Banking Authority, or EBA, distribution inside the EU would be handled by locally licensed entities. Circle said the same mechanism should also allow euro-denominated stablecoins to circulate in jurisdictions outside the bloc. Circle also called for the removal of MiCA’s requirement that electronic money token issuers place 30% of reserve assets with commercial banks. For “significant” electronic money tokens, the ratio is 60%. The company argued that the requirement increases exposure to banking-sector credit risk and counterparty risk. The development was reported by Bitcoin.com News.

OpenPayd

2026-10-03 16:06:03

OpenPayd expects to close Titan merger and list on Nasdaq under OP by year-end

London-based payments infrastructure firm OpenPayd expects to complete its merger with Titan Acquisition Corp. and list on Nasdaq by the end of this year, Chief Executive Iana Dimitrova told CoinDesk. The combined company is expected to trade under the ticker OP, though the deal still requires the U.S. Securities and Exchange Commission to declare the registration statement effective and also needs approval from Titan shareholders. Under the announced terms, the transaction implies a pro forma equity value for OpenPayd of as much as $1.1 billion. The company provides accounts, foreign exchange, and domestic and cross-border payment services to firms including Kraken, B2C2, and OKX, and also offers infrastructure for converting between fiat currencies and stablecoins. OpenPayd said it has connected to the Circle Payments Network and the Fireblocks payments network. It also brought MSB USA Inc. and its 43 state money transmitter licenses into the group last month, with plans to launch services for U.S. clients by April 2027. For the fiscal year ended April 30, 2026, revenue was $73 million, EBITDA was $13 million, and net loss was $2.8 million.

Stablecoins

2026-10-03 08:36:07

IOSG says stablecoin profits are shifting from issuance to distribution

IOSG researcher Darko argues that the most important question in stablecoins is no longer who issues them, but who controls distribution. In a long-form analysis reposted by WuBlockchain, the paper says stablecoin economics are built on reserve income, yet the right to keep that income is increasingly determined by wallets, exchanges, brokerages, payment networks and other user-facing channels. The article links that shift to the regulatory and market backdrop now forming in the U.S. It cites the GENIUS Act, effective July 18, 2025, as the first federal framework for payment stablecoins, then points to OCC actions involving Circle, Ripple and Paxos, as well as the launch of Open USD in June 2026 with more than 140 participants including Visa and Mastercard. Stablecoins, the piece says, did not suddenly improve at the technical level; large institutions finally understood what they can do. The report also argues that headline transaction volumes overstate real-world usage, that reserve-based issuer profits are highly sensitive to falling rates, and that the strongest signal in the market may be Circle’s unchanged renewal terms with Coinbase through 2029. Its conclusion is straightforward: issuance may become standardized, but distribution, customer ownership and access points are where pricing power is likely to remain.

Visa

2026-10-03 12:27:52

Visa says stablecoin-linked card payment volume rose nearly 200% year over year

Visa said payment volume tied to its stablecoin-linked card programs rose nearly 200% from a year earlier, with the network now supporting more than 160 consumer, business, and commercial card programs. The company also said that, in fiscal 2026 year to date, about 17% of stablecoin-linked card transaction volume has come from business and commercial card programs. Mark Nelsen, Visa’s head of global products, commerce and money movement solutions, said businesses are looking for trusted and reliable ways to move funds, and that stablecoins are appearing more often in commercial use cases such as supplier payments, treasury operations, and cross-border commerce. Research from Allium said payments are the fastest-growing stablecoin use case, with annual payment volume estimated at $401 billion to $527 billion. Within that range, service payments, payroll, and supplier payments account for $56 billion, $43 billion, and $28 billion respectively, while B2B cross-border payments make up 43%.