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Cryptocurrency exchange platform Coinbase has partnered with payments infrastructure provider Moov to deliver stablecoin capabilities to community banks and credit unions across the United States. The collaboration allows more than 1,000 local financial institutions using Moov’s network to offer stablecoin payment acceptance, settlement, and real-time funding without having to construct an entirely separate digital asset infrastructure.
Under the terms of the agreement, Coinbase will supply the underlying regulated digital asset tech stack, while Moov will integrate those functions directly into its existing payments platform. Moov currently provides small-to-midsize financial institutions with connections to card acquiring, card issuing, and real-time payment systems. By embedding Coinbase Developer Platform’s Custodial Wallet accounts and Payments API into its existing software, Moov enables banks to seamlessly facilitate consumer stablecoin transactions, merchant processing, disbursements, and payouts.
Executives from both companies framed the initiative as a way to level the playing field for regional financial institutions, allowing them to remain the primary service provider for local businesses that are already seeking digital asset options. Ryan VanGrack, Vice Chair and Head of Corporate Affairs at Coinbase, emphasized that the partnership delivers regulated tools directly into the systems community banks already use. Wade Arnold, Co-Founder and CEO of Moov, noted that merchants looking for continuous 24/7 settlement will no longer need to seek external providers, keeping vital business deposits anchored within local financial networks.
Community bank leadership has expressed enthusiasm for the move, highlighting small business demand for faster payments and lower transaction fees. Jill Castilla, Chairman, President, and CEO of Oklahoma-based Citizens Bank of Edmond, noted that the technology will give local main street businesses the ability to cut interchange costs and move capital rapidly. The companies indicated that while initial services focus on payment processing and real-time funding, they plan to explore further integrations between stablecoins and traditional community banking products over time.

India has officially integrated blockchain technology and central-bank digital currency into its traditional financial system by initiating corporate bond settlements on a distributed ledger. The Securities and Exchange Board of India launched the “Demat 2.0” pilot this week, leveraging the existing electronic account framework used by domestic investors. Under this new initiative, corporate bonds are issued as digital tokens managed by regulated market institutions, marking a major structural evolution for the country’s debt market.
Early corporate participation has already demonstrated the system’s operational viability. State-owned power-sector lender REC successfully raised ₹500 crore ($56 million) through the platform earlier this month, followed by engineering and construction giant Larsen & Toubro with an identical ₹500 crore issuance. Non-banking financial company IIFL Finance also utilized the system to secure ₹25 crore ($2.8 million). While these tokenized bonds retain standard features such as fixed interest rates, set maturity dates, and traditional investor protections, their issuance and settlement mechanics operate entirely on the new digital infrastructure.
The core innovation of Demat 2.0 lies in its integration with the Reserve Bank of India’s wholesale digital rupee via a Unified Market Interface. In conventional market architecture, security delivery and cash payment are coordinated across distinct, separate systems, creating potential counterparty risk if one leg of the trade fails. By directly linking the tokenized bond ledger with central-bank digital currency, the platform enables atomic settlement—where the digital assets and funds transfer simultaneously—effectively eliminating settlement exposure.
Beyond initial issuance, the framework automates lifecycle events such as coupon distributions and principal redemptions using self-executing smart contracts. Regulators plan to expand subsequent phases of the pilot to incorporate secondary-market trading and eventually grant access to retail investors. This controlled rollout highlights India’s strategic preference for permissioned tokenization over public cryptocurrency networks, embedding blockchain efficiency directly within its existing regulatory and banking architecture.

Digital asset giant Tether and technology-enabled asset manager Fasanara Capital have launched StableFund, a $400 million evergreen private credit vehicle designed to expand stablecoin-enabled lending to the real economy. Jointly anchored by co-investments from both sponsors, the fund aims to raise up to $3 billion in third-party institutional capital. The move capitalizes on a booming global private credit market that is currently valued at $3 trillion and projected to expand to $5 trillion by 2029.
The fund seeks to address a global financing deficit for small and medium-sized enterprises (SMEs), which current estimates place at $5.7 trillion. Fasanara will act as Investment Manager, utilizing its global fintech network to deploy capital into short-duration, asset-backed credit strategies. Serving as Originator and Advisor, Tether will source USDT-linked opportunities and supply stablecoin settlement infrastructure—including on/off-ramp connectivity and treasury rails—to facilitate faster cross-border capital deployment than traditional banking systems offer.
By integrating USDT into SME and consumer lending flows across fintech platforms in over 60 countries, the initiative aims to serve borrowers historically overlooked by traditional funding channels. The strategy leverages Tether’s cross-border liquidity network alongside Fasanara’s proprietary technology and underwriting capabilities to enhance speed and capital efficiency in private credit markets.
The initiative marks a broader push by Tether to extend its digital asset infrastructure beyond crypto trading and routine payments into mainstream financial systems. By connecting crypto-native capital directly to real-economy borrowers, the joint venture addresses funding and settlement bottlenecks that have previously constrained fintech platforms in underserved markets.
Tether Chief Executive Officer Paolo Ardoino stated that the partnership allows Tether to turn its origination network into a direct channel for capital to reach businesses in need, framing USDT as friction-free money built for global lending. Fasanara Capital Chief Executive Officer Francesco Filia noted that combining Fasanara’s underwriting discipline with Tether’s stablecoin rails will extend credit reach beyond the limits of conventional funding structures.
Designed as an evergreen vehicle with the capacity to scale alongside institutional demand, the Fasanara-Tether fund highlights a growing institutional acceptance of stablecoins as a core layer of global financial infrastructure, particularly in markets hampered by slow or fragmented settlement networks.

穩定幣發行商Circle已同意以4億美元股票收購新加坡的跨境支付公司Tazapay，這標誌着其迄今爲止最大的一筆收購之一。據監管文件顯示，USDC發行方將使用交割前20個交易日的成交量加權平均收盤價來計算股份數量，並對債務、現金和交易費用進行調整。此次收購是Circle自2018年收購加密貨幣交易所Poloniex以來最昂貴的一筆交易。

Hanwha Investment & Securities has completed the development of a token securities platform based on the Avalanche blockchain, putting the firm ahead of much of the industry in adopting public ledger technology. Developed by blockchain technology firm FairSquare Lab, the platform began development last year and was designed to operate across multiple networks, including Avalanche and the enterprise blockchain Hyperledger Besu, the Seoul Economic Daily reported.
Token securities are traditional financial instruments, such as stocks and bonds under the Capital Markets Act, that are digitized by recording rights information on a distributed ledger. Within these networks, multiple financial institutions participate jointly to manage the issuance, transfer, and overall records of the securities.
While some financial firms like Mirae Asset Securities have previously implemented enterprise blockchains like Hyperledger Besu, Hanwha Investment & Securities expanded its scope by incorporating Avalanche’s public blockchain ecosystem. Avalanche allows institutions to launch permissioned subnetworks with restricted participants and validators, making it viable as a dedicated, private network suited for regulated financial operations.
In tandem with private-sector developments, the Korea Securities Depository is building its own token securities infrastructure to link directly with multiple blockchain architectures. According to its published standard requirements guidelines for token securities distributed ledgers, the depository’s platform will support connections to Hyperledger Besu, Hyperledger Fabric, and Avalanche. Participation in these ledgers will be restricted to electronic registration and account management institutions, allowing the depository to directly participate and verify overall issuance volumes alongside electronic registration data.
The decision by the national depository to integrate Avalanche was directly prompted by demand from private financial firms actively participating in token securities consultative groups and ongoing pilot projects. The depository noted that its support is not restricted to these three blockchains, as financial institutions seeking to deploy new distributed ledger technologies can receive technical support and connection approval following prior consultations.

In a major step for the integration of digital assets and traditional finance, the U.S. Office of the Comptroller of the Currency has granted preliminary approval for a national bank charter to OpenReserve Bank. Backed by a high-profile roster of crypto investors—including Andreessen Horowitz, Jump Capital, and Coinbase Ventures—the Salt Lake City-based institution is designed as a full-service bank featuring embedded, on-chain settlement.
While the OCC has previously approved conditional charters for various trust companies, OpenReserve deliberately pursued a full national bank charter to establish a regulated foundation. Co-founder and Chief Executive Officer Dee Choubey emphasized that rigorous supervision, compliance, and customer confidence are integral to the firm’s core model. The bank aims to provide institutional services encompassing treasury management, stablecoin issuance, and tokenized deposits, operating in alignment with incoming regulations under the GENIUS Act.
Investors have highlighted the critical need for financial infrastructure that operates on the same continuous schedule as digital asset markets. In explaining its decision to back the project, a16z crypto noted that the industry requires a continuous, fully available banking partner that never closes. The funding round also drew support from prominent venture firms including Acrew, Wintermute Ventures, Clocktower, Quona, AAF Management, and Zero Knowledge Ventures following OpenReserve’s initial charter application in April.
The preliminary charter reflects a broader shift toward integrating crypto-native institutions into the regulated U.S. banking system. Under the current administration, federal regulators have increasingly welcomed digital asset firms into the formal banking sector, helping ease years of strained access to traditional financial services. Demonstrating this expanding scope, the OCC simultaneously granted a conditional charter to British fintech firm Revolut to launch operations out of Connecticut.

新加坡金融管理局（MAS）已提議對《支付服務法》進行立法修訂，引入針對穩定幣發行人的嚴格新規。在擬議框架下，在該國運營的發行人將被要求以儲備資產對其數字代幣進行完全背書，並且將被明確禁止向代幣持有人提供收益或利息支付。
爲保護消費者並維持代幣穩定性，央行擬議的指南規定：發行人必須在任何時候都持有相當於流通中所有代幣至少100%的儲備資產。這些資產必須存放在與發行人運營資金分開的賬戶中，並僅由獲許可的金融機構進行託管和保障。該監管旨在通過確保在任何贖回請求期間保留充足資產，爲受新加坡監管的穩定幣持有人提供強有力的贖回保障。

The European Central Bank has reaffirmed its commitment to user privacy for a prospective digital euro, even as private sector crypto initiatives forge ahead across the continent. Financial app Revolut has officially begun rolling out its first euro-backed stablecoin, EURR, to selected users in Denmark, Poland, and Portugal. The dual developments highlight a split track in European payments, balancing the development of central bank digital currencies against regulated, privately issued crypto assets under the European Union’s Markets in Crypto-Assets framework.
Addressing persistent concerns over transaction monitoring, ECB Executive Board member Piero Cipollone stated that the proposed digital euro will offer the maximum level of privacy current technology can support. Under the proposed blueprint, offline digital euro transactions would remain completely private, visible only to the payer and recipient, leaving the central bank with no way to identify the individuals involved. While online transactions will still require commercial banks to retain customer data for anti-money laundering compliance, the Eurosystem itself will remain unable to link specific individuals to their digital euro activity.
The ECB’s digital euro project continues to advance toward technical readiness, with a 12-month pilot scheduled to launch in the second half of 2027 to test person-to-person and point-of-sale payments. Designed to complement physical cash rather than replace it, any eventual issuance around 2029 remains subject to EU legislation, with private intermediaries such as banks slated to handle distribution and wallet management.
Meanwhile, Revolut’s new EURR token offers immediate real-world deployment for retail consumers. Issued by Bridge Building S.A.—a subsidiary of Stripe-owned infrastructure provider Bridge—EURR is built initially on the Ethereum network and is backed one-to-one by the euro. Bridge secured regulatory approval as a licensed electronic money token issuer on the EU’s MiCA register, enabling Revolut to seamlessly integrate the stablecoin into its existing platform for off-ramp, transfer, and external wallet services. Revolut plans to expand access to additional European Economic Area markets later this year.
Revolut’s expansion comes during a period of rapid growth for compliant euro-pegged assets under MiCA, with the market capitalization of regulated euro stablecoins more than doubling over the past year. While central bank digital currencies represent a direct liability of the central bank, private tokens like EURR and Circle’s EURC rely on private reserve structures and issuer redemptions. As private stablecoins continue to gain traction for corporate and retail settlement across blockchain networks, the ECB is positioning its digital euro to offer a publicly backed alternative anchored in rigorous privacy protections.

HashKey Exchange 已與全球資產管理巨頭富蘭克林鄧普頓（Franklin Templeton）合作，通過將富蘭克林鏈上美國政府流動性基金（Franklin OnChain U.S. Government Liquidity Fund，grBENJI）分發給亞洲的數字資產投資者。該合作於 2026 年 8 月 24 日在 HashKey Exchange 的 Earn（賺取）頻道上線，允許符合條件的專業投資者通過區塊鏈賦能基礎設施獲取可產生收益的美國政府貨幣市場工具以及美元現金資產。
這一戰略合作反映了數字資產市場參與者對合規的真實世界資產（RWA）投資解決方案的需求日益增長。通過結合富蘭克林鄧普頓的豐富資產管理經驗與 HashKey 的受監管平臺，該舉措旨在在傳統資本市場與鏈上金融之間打造一座可擴展的橋樑。該產品僅限專業投資者參與，不向香港公衆開放。

週二亞洲早盤交易時段，數字貨幣市場大幅上漲，比特幣突破了8萬美元大關。領漲的數字資產當天上漲4%，並且在過去一週內累計漲幅超過25%。這輪更廣泛的市場走勢最初受到美國財政部計劃擴大其債券回購項目的推動，從而重新點燃了投資者對“貨幣貶值對衝”的貶值交易的興趣。
儘管動能強勁，但市場指標顯示這輪反彈可能接近階段性上限。Bitfire Research指出，一個衡量近期漲幅相對跌幅的關鍵動能指標已接近78，位於比特幣上。高於70的讀數通常意味着該資產處於超買狀態，且需要進入盤整階段。根據Bitfire分析，預計拋售壓力將在78,500至82,000美元之間出現；而如果價格回落至72,400至73,500美元區間，則預計會有強勁的買盤支撐。據CoinDesk報道。

Crypto卡的支出已飆升至超過10億美元，受益於消費者在日常購買中對“美元支持型”穩定幣的偏好不斷增強。支付數據公司Paymentscan的數據顯示（由風險投資機構a16z引用），其追蹤的卡片交易量在過去一年中增長了兩倍多，7月達到10.4億美元；月度交易額也升至3.06億美元。
現在，這些平臺上被追蹤的超過1000萬筆交易中，已有70%以上由“美元支持型”穩定幣提供資金。USDC在市場份額中領先，覆蓋7月支出的50.8%，而USDT佔20.3%。平均交易規模同樣顯著增加，同比從59美元上升至約86美元。

隨着一波規模巨大的強平潮席捲數字資產市場，主要加密貨幣普遍大幅上漲。比特幣領漲行情，盤中一度觸及隔夜高點，短暫突破 75,500 美元，隨後在週五交易中於 75,400 美元附近企穩，較過去 24 小時上漲 8%，較本週則暴漲 19%。這種突然的上行動能出現在數日前——旗艦資產當時曾接近 64,100 美元交易——現已有效收復此前自 5 月下旬以來未見的價格水平。
激進的價格走勢引發了大量做空者的清算，令約 10 億美元的空頭倉位在單一 24 小時窗口內從 140,416 名交易者中被清除。該時段的總市場清算額達 12.3 億美元。此次“沖刷”緊隨前一日的前所未有的 30 億美元空頭清算之後——這是自 2021 年以來記錄的最大單日清算——使得兩天內被迫平空的規模超過 40 億美元。最新一輪交易中單筆最大清算髮生在 Hyperliquid：一筆 2513 萬美元的比特幣空頭倉位被自動平倉。

比特幣果斷突破爲期六週的交易區間，衝上7.1萬美元，背後是規模巨大的空頭擠壓——在流動性偏薄的市場供給下，迫使3十億美元的看跌押注被強制平倉。迅猛的上行行情打破了自7月初以來持續多周的低波動狀態；此前，加密貨幣一直被夾在6.2萬美元至6.69萬美元之間。隨着價格突破關鍵阻力位，空頭賣家中的恐慌性買盤推動比特幣在短短一小時內上漲超過8%，最終在歐洲交易時段接近7.2萬美元。

日本比特幣託管機構Metaplanet正準備通過一筆1.346億美元投資，收購納斯達克上市公司Super League Enterprise 95.7%的控股權。該交易旨在將這家遊戲媒體公司轉變爲Metaplanet專注的美國比特幣金庫平臺。根據已達成的條款，Metaplanet將出資2,100枚比特幣（估值1.321億美元），並追加250萬美元現金，以換取44.9萬股、每股3美元的普通股、優先股以及認股權證。交易完成後，Super League將更名爲Superplanet，並在新的交易代碼SUPA下進行交易。市場反應迅速，推動Super League股價上漲超過70%，至5.20美元。

美國財政部已提出全面性的聯邦定義，概述美國穩定幣的發行方式，並明確哪些實體將落入《指導並建立美國穩定幣全國創新》（GENIUS）法的適用範圍。此舉代表朝向使新的穩定幣法規全面生效邁出的重大一步，儘管用於落實的法定期限仍正迅速逼近。財政部加入了其他幾家聯邦銀行與市場監管機構，負責為數位資產領域完成監理框架的最終定稿。

瑞士銀行巨頭瑞銀大幅增加了其對貝萊克羅克iShares比特幣信託（IBIT）的期權敞口。第二季度期間，該公司看漲期權持倉量實現了超過24倍的增長。據本週發佈的一份監管13F文件顯示，該公司披露，截至6月30日，其持有的看漲期權對應的基礎IBIT股票數量爲195萬股，這一數字較三個月前披露的8萬股大幅飆升。
看漲期權（賦予以預先確定價格購買股票的權利）的激增，與直接持有股票的適度增長同時發生。瑞銀在本季度將其對IBIT的直接持倉規模提高了約12%，截至6月底持有407,890股，市值約爲1,360萬美元。儘管本季度有所上漲，該銀行的直接權益倉位仍低於其在2025年末持有的548,614股。

Figure Technology Solutions，這家由 Mike Cagney 共同創辦、原生於區塊鏈的放貸平台，公布其第二季度淨利接近三倍成長，達 8,700 萬美元，較一年前的 3,000 萬美元成長 192%。強勁表現主要受到消費貸款市場（Consumer Loan Marketplace）規模增長 132% 的帶動，本季達到 43 億美元。該期間的淨收入也較去年同期大幅增加，年增超過一倍至 2.26 億美元。
成長動能由 Figure Connect 支撐，這是公司的區塊鏈型市場平台，第三方放款發起方在該平台上與機構投資人交易貸款，貢獻了總市場規模中的 28 億美元。在本季度，平台新增超過 100 家新的貸款發起合作夥伴，將業務擴展至房屋淨值信貸額度（home equity lines of credit）、債務服務覆蓋率貸款（debt-service coverage ratio loans）以及個人貸款（personal loans）。

東京上市的企業財務公司 Metaplanet 已終止市場對其加密貨幣儲備可能進行清算的猜測，並確認近期一筆數百萬美元的資金流動僅屬於內部行政作業。自週三起，當區塊鏈追蹤服務標記出一筆規模龐大的轉帳——5,014 比特幣、依當前現貨價格約合 3.2 億美元（63,847 美元）——後，謠言開始在市場中傳播，引發各方擔憂，認為該公司可能正準備拋售其持有的資產。

交易平臺eToro Group Ltd.在2026年第二季度其加密交易業務錄得720萬美元虧損，較去年同一時期錄得的3770萬美元利潤出現了急劇逆轉。儘管數字資產活動陷入低迷，公司表示，憑藉依然強勁的股票交易表現，其整體業績仍超出華爾街的盈利預期，原因見於新聞稿。
總部位於特拉維夫的平臺的季度加密資產收入同比下滑約29%，至13.5億美元。由於該業務板塊的收入成本同步匹配，數字資產部門的表現幾乎下挫120%並轉入負值。加密參與度的走弱延續到7月：當月加密交易總量同比下降73%至140萬筆，單筆平均交易規模也下滑50%至182美元。

根據週一提交的一份監管文件，去年比特幣金庫公司Strategy上週通過出售普通股以及其數字資產持倉的一部分，融資7.617億美元。該公司通過出售659萬普通股募集到6.531億美元，同時通過清算1,690比特幣籌集到1.086億美元。
加密貨幣出售所得全部用於回購公司可變利率優先股1,152,020股，該優先股在STRC股票代碼下交易，回購金額爲1.086億美元。該交易將Strategy的總持倉削減至840,447比特幣；這些比特幣的合計購入價格爲633.6億美元，平均收購成本爲每枚75,385美元。1,690比特幣以每枚平均64,262美元的價格出售，已扣除費用和開支。