Key Highlights: Project Faro has secured a $270 million funding commitment over five years to launch a bank-backed, dollar-pegged stablecoin by 2027. Major financial institutions such as BBVA and Dutch Rabobank are diversifying their bets by engaging in multiple stablecoin initiatives, including Qivalis and Stripe-led Open USD. The consortium aims to challenge the 85% market ...
Key Highlights Frax founder Sam Kazemian criticized legacy card network fees of 2% to 3%, arguing that dollar-pegged stablecoins can replicate the low-cost efficiency of Brazil’s Pix and India’s UPI for enterprise merchants. FraxNet is actively piloting onchain receivables financing via lending vaults, allowing commercial enterprises to borrow against unpaid invoices using frxUSD. Kazemian views ...
Key Highlights: Morpho’s vault metrics show an annualized net yield of around 3.6% with rewards, while the average net yield excluding rewards sits near zero, alongside modest underlying market activity. Sentora manages the vault’s risk profile under Morpho Vault V2 rules, directing assets across immutable Morpho Blue market parameters and relying on Chainlink and RedStone ...
Key Highlights: Circle is actively defending its stablecoin business model after reporting that it retained roughly 7 cents in net profit per dollar of revenue in the first half of 2026. Out of approximately $1.4 billion in revenue, Circle allocated $819 million to distribution and transaction costs, while $473 million funded operations, compliance, liquidity, product ...
Key Highlights Blockchain analytics firm Crystal found that 74% of the Open USD ($OUSD) supply was held across just 10 wallets following its launch snapshot on Oct. 5. A vast majority of the supply remained idle in staged custody, including $396 million across eight Tempo wallets funded by Bridge and $200 million held within Coinbase ...
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 ...