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Stablecoin Networks Vie to Own Settlement Rails

Stablecoin issuers and fintech-linked firms are launching payment-focused blockchains as they try to control more of the settlement infrastructure behind US digital-dollar transfers. Some stablecoin issuers and…

Bybit Launches Yield Product for Tether Gold

Cryptocurrency exchange Bybit has launched a yield-bearing tokenized gold product that lets users earn interest on Tether Gold (XAUT), the latest entrant into a broader push to turn traditionally non-yielding assets…

Mastercard to Buy BVNK in $1.8B Stablecoin Push

Mastercard has agreed to acquire stablecoin infrastructure company BVNK in a deal valued at up to $1.8 billion, further expanding into blockchain-based payments. The deal includes up to $300 million in contingent…

PayPal Expands PYUSD Stablecoin to 70 Countries

Payments giant PayPal is expanding access to its US-dollar stablecoin, PayPal USD, adding 68 more markets globally in its latest stablecoin push. PayPal USD (PYUSD) will be made available to customers in 70 countries…