Key Highlights: Three active whale wallets collectively hold approximately 291,700 SOL—valued at roughly $29 million—and continue to execute transactions as of October 27 at 04:20 UTC. Solana trades near the critical $100 psychological threshold at $99.89, having dropped 51% over the past year and roughly 66% from its January 19, 2025 all-time high of $293.31. ...
Key Highlights: The Financial Crimes Enforcement Network (FinCEN), an independent bureau of the U.S. Treasury Department, has declined to provide examples of what reward structures will violate the GENIUS Act’s stablecoin provisions, leaving the industry without safe harbors for existing programs. FinCEN indicated the word “solely” in the GENIUS Act’s prohibition is legally significant, suggesting ...
Key Highlights: Standard Chartered has postponed its forecast for the stablecoin market to reach $2 trillion until 2030, even as transfer volumes surge. While circulating supply grew only 6% in a year to approximately $303 billion, monthly transfer volumes climbed dramatically to roughly $10 trillion in 2026. Regulatory shifts, including the impending GENIUS Act, could ...
Key Highlights: Open USD is designed for banking, cross-border payments, card settlement, institutional trading and lending. Open Standard has moved from an initial network of more than 140 partners to five founding investors. Coinbase, Mastercard, Shopify, Stripe and Visa have committed more than $1 billion to establish OUSD liquidity over the coming months. Open USD ...
Key Highlights Tokenovate executed a full-lifecycle intraday repurchase agreement on the Canton Network using the FINOS Common Domain Model for trade representation. Cash settlement utilized Circle-issued USDC stablecoin, represented as USDCx Reserve on the Canton Network. Tokenovate has joined the Canton Foundation as a General Member to participate in network governance and development. Tokenovate Demonstrates ...
Bank of England Financial Policy Committee member Carolyn Wilkins warned Tuesday that the rapid growth of dollar-denominated stablecoins could further entrench the U.S. dollar’s global dominance while creating new channels of financial volatility. Speaking at Queen’s University Belfast, Wilkins outlined how stablecoins pegged to the greenback simplify cross-border settlement, expand international access to dollar-linked assets, ...