StablecoinsSoFi launches SOFIE tokenized deposit with 4.40% yield
The SOFIE token equals $1 on deposit at SoFi Bank, pays 4.40% APY and is FDIC-insured. It converts one to one into SoFiUSD.
StablecoinsThe SOFIE token equals $1 on deposit at SoFi Bank, pays 4.40% APY and is FDIC-insured. It converts one to one into SoFiUSD.
StablecoinsThe OCC finalized GENIUS Act stablecoin rules: full reserves, redemption within two business days and a bank fight over yield.
StablecoinsUSD1 market cap fell from $4.43 to $4.02 billion on redemptions across Ethereum and BNB Chain. The price held near a dollar.
StablecoinsCircle broke down USDC revenue: $819M of $1.4B went to partners and transactions, leaving 7 cents of profit per dollar.
StablecoinsA BIS paper finds a 1 basis point rise in bank deposit rates cuts ten-week stablecoin growth from about 15% to 12%.
InstitutionalDeutsche Bank is launching Bitcoin, Ethereum and stablecoin custody in Germany and plans to expand to Asia in 2027.
StablecoinsCircle plans to enter about 40 countries in Asia, Africa and Latin America. What it means for USDC and USDT market share.
StablecoinsThe European Banking Authority gave USDC significant e-money token status. The EBA and France's ACPR will share supervision.
StablecoinsThe stablecoin market stalled at $309 billion, so the bank moved its $2 trillion forecast to 2030. Turnover still grows, with different leaders per segment.