A bipartisan group of House lawmakers has introduced a new crypto tax framework that includes provisions for a stablecoin safe harbor and staking deferral, aiming to clarify tax rules for digital assets.
Visa has launched USDC stablecoin settlement in the U.S., allowing banks and fintechs to settle transactions faster and more efficiently using blockchain technology, marking a significant step in integrating stablecoins into mainstream financial operations.
Circle's stock fell nearly 10% despite beating earnings expectations, due to concerns over increased full-year expenses, potential insider share sales following lockup expiration, and the impact of lower interest rates on its revenue from USDC reserves. The company remains optimistic about long-term growth in stablecoins despite short-term challenges.
Circle Internet reported a 66% YoY revenue increase to $740 million in Q3 2025, driven by a doubling of USDC circulation to $73.7 billion, with net income up 202% to $214 million, and raised its full-year guidance amid strong platform adoption.
Ripple announced a $500 million investment and a pilot program with Mastercard, WebBank, and Gemini to explore using its stablecoin RLUSD for fiat credit card transactions on the XRP Ledger. The news initially boosted XRP's price, but it later fell over 5%. RLUSD's supply has increased by 30% in a month, indicating growing adoption. Analysts see Ripple shifting towards a fintech and payments focus, with potential plans to go public.
Ripple has raised $500 million at a $40 billion valuation with backing from major Wall Street firms like Fortress and Citadel Securities, aiming to expand its services in custody, stablecoins, and prime brokerage. Its US-dollar backed stablecoin RLUSD has surpassed $1 billion in market value, and the company has processed over $95 billion in transactions, positioning itself as a key infrastructure provider for institutional crypto adoption amid increasing regulatory clarity and industry momentum.
Ripple has raised $500 million from investors including Citadel Securities and Fortress Investment Group, valuing the company at $40 billion. The funding underscores growing institutional interest in stablecoins and digital tokens, with Ripple aiming to expand its role in stablecoin infrastructure and payments. The company, founded in 2012, offers its own stablecoin RLUSD and the XRP token, and has made recent acquisitions to bolster its market position.
Coinbase reported a significant increase in third-quarter profit driven by higher trading volumes amid sector volatility, with transaction revenue doubling and stablecoin-related income rising, reflecting broader adoption and favorable policies.
Mastercard is in advanced talks to acquire stablecoin infrastructure firm Zerohash for around $1.5 to $2 billion, aiming to expand its presence in the growing stablecoin market, which has seen a significant increase in market cap and regulatory support this year.
Despite a recent surge driven by hopes of regulatory clarity, XRP's long-term prospects are uncertain as banks can use Ripple's services without XRP, and Ripple's focus on stablecoins may reduce demand for XRP as a bridge asset. The article predicts XRP will likely underperform the market over the next decade.
Japan's JPYC Inc. has launched the country's first legally recognized yen-backed stablecoin, JPYC, which maintains a 1:1 peg with the yen and is backed by yen deposits and government bonds. The stablecoin is available on multiple blockchains and aims to reach 10 trillion yen in circulation within three years, with several Japanese businesses planning to incorporate it into their services.
Analysts suggest that Bitcoin's recent recovery and key indicators like the stablecoin SSR RSI and long-term holder accumulation point to a potential significant move ahead, with historical trends indicating strong Q4 gains following a positive September close.
Hyperliquid launched its new stablecoin USDH backed by cash and Treasuries to strengthen its trading ecosystem, but it faces stiff competition from rival Aster, which has overtaken it in weekly trading volume. Additionally, a significant $12 billion HYPE token unlock scheduled for November has caused market turbulence, with HYPE's price showing signs of weakness and bearish momentum.
Tether plans to raise up to $20 billion in a private placement, potentially valuing the company at around $500 billion, making it one of the most highly valued private companies and rivaling firms like SpaceX and OpenAI, as it seeks to expand its presence in the U.S. market.
Tether Holdings SA is in early talks to raise up to $20 billion for a 3% stake, potentially valuing the company at around $500 billion, making it one of the most valuable private companies globally, as it seeks to expand and return to the US market.