Stablecoins

MetaMask has launched its own dollar-pegged stablecoin, mUSD, integrated directly into its wallet for easy spending and transfers. The token is supported by Stripe-backed Bridge and M0, allowing users to transact across Ethereum and Linea while staying fully compliant.

One of the world's strictest regulators of the cryptocurrency might be releasing a new stablecoin based on its national currency.

Bank of America is exploring entry into the stablecoin market, but will move forward only if U.S. regulations are clear. CEO Brian Moynihan said the bank plans to work with industry partners to ensure compliance while offering faster, more efficient digital payments.

Circle has acquired the Malachite consensus engine from Informal Systems to power its new Arc blockchain for stablecoin payments. The move aims to speed up transactions, keep Malachite open-source, and support developers building financial applications on Web3.

Bitcoin has retraced below $117,000 after reaching an all-time high last week, signaling a pause in upward momentum and growing caution among investors.

China Merchants Bank (CMB), one of China’s biggest financial institutions has successfully set up its first crypto exchange in Hong Kong under its subsidiary company, CMB International Securities Limited.

South Korea plans to submit a stablecoin regulation bill in October to allow banks and tech firms to issue and manage won-pegged stablecoins. Major banks are preparing for adoption and may partner with USDC issuer Circle to enable domestic and international crypto payments.

Japan is set to approve its first yen-backed stablecoin this autumn, led by fintech firm JPYC. The token will be tied one-to-one with the yen and supported by bank deposits and government bonds.

Standard Chartered has sharply raised its Ethereum (ETH) price forecast for 2025 to $7,500—an 87% jump from its earlier $4,000 estimate—driven by surging institutional demand, record-breaking ETF inflows, and new U.S. legislation set to supercharge stablecoin adoption.

With Congress still on their recess break, Senator Elizabeth Warren and her team are already making their preparations for the debate on the CLARITY Act.