Arbitrum Launches Stablecoin Growth Program With 2M ARB Rewards
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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.
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Polygon Extends Open Money Stack to TRON, Targeting $94B USDT Market
Arbitrum has joined Paxos’s Global Dollar Network, bringing USDG to its ecosystem and gaining a share of stablecoin economics tied to adoption.
Nu is partnering with Sygnum to bring regulated crypto, stablecoin trading and custody to Nu Global, its international multi-currency banking platform.
Bank of England’s Digital Pound Lab tested a cross-border trade flow where exporters receive stablecoins and UK importers settle in digital pounds.
“Lombard’s Bitcoin Onchain Credit Strategy connects Bitcoin holders with institutional financing activity, driven by real institutional demand and less correlated to DeFi market conditions,” states Global Head of Digital Assets at Flow Traders, Michael Lie.
PayPal’s PYUSD launches natively on Polygon, highlighting a stablecoin market split between shared dollar networks like Open USD and proprietary issuer-led models.
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