PayPal’s PYUSD launches natively on Polygon, highlighting a stablecoin market split between shared dollar networks like Open USD and proprietary issuer-led models.
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What Is a Stablecoin?
A stablecoin is a new class of cryptocurrencies that attempts to offer price stability and are backed by a reserve asset such as Gold or the U.S. dollar. Stablecoins have gained traction as they attempt to offer the best of both worlds—the instant processing and security or privacy of digital currencies, and the fiat currencies like stability.
TrueUSD (TUSD), USD Tether (USDT), USD Coin (USDC), Diem, nUSD, and Dai are some examples of stablecoin.
Stablecoin Latest News
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StablecoinX launches Harness, a middleware API for stablecoin payments, swaps, cross-chain transfers and treasury flows, targeting businesses, institutions and AI agents.
FV Bank launches stablecoin invoicing with USDC and PYUSD settlement in USD, expanding its regulated platform for cross-border payments, custody and programmable finance.
Trace Finance Raises $32M to Expand Stablecoin Settlement Rails Across Brazil, U.S. and APAC
Movement and Zoth signed a deal to build a $1B cross-border stablecoin payments corridor, giving fintechs access to RWA-backed yield infrastructure.
Anchorage Digital and Falcon Finance launch fUSD, a GENIUS-ready stablecoin offering institutional rewards through a separate Falcon program.
Stable launches StableEarn, a USDT-native yield vault on Morpho backed by Theo’s tokenized Treasury and gold-linked RWA products.
This New Bitcoin-Aligned Stablecoin Eyes $100T B2B Finance
Polygon has launched sPOL, a liquid staking standard that lets POL holders secure the network while deploying capital across DeFi.
Clear, part of XP Inc., has launched USDXP on Rayls, a dollar-backed stablecoin offering 24/7 U.S. dollar exposure for trading, hedging, and diversification inside its brokerage platform.