Stablecoin

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Amplify ETFs has introduced the XRPM fund, aiming to generate 3% monthly income and a 36% annual option premium through weekly covered-call strategies. The actively managed ETF provides exposure to XRP price movements without directly investing in the cryptocurrency.

Grab and StraitsX have joined forces to integrate stablecoin payments into the Grab App, aiming to streamline cross-border transactions. The collaboration introduces a Web3 wallet and supports stablecoins like XSGD and XUSD, enhancing payment solutions for merchants in Asia.

Mastercard is in talks to acquire Zero Hash, a blockchain infrastructure provider, in a deal valued between $1.5 billion and $2 billion. The move aims to strengthen Mastercard's position in the growing stablecoin and tokenized assets market.

Stable will launch the second phase of its pre-deposit campaign next week, introducing per-wallet deposit limits to promote broader retail participation. The move follows Phase 1, which reached an $825 million cap within minutes amid concerns over whale dominance and fairness.

Lawmakers led by Éric Ciotti have submitted a resolution to block the European Central Bank's digital euro initiative, citing privacy and centralization concerns. The proposal supports euro-denominated stablecoins and increased investment in crypto-assets. It references the U.S. GENIUS Act as a regulatory model and calls for France to advocate a European prudential framework allowing deviations from Basel standards. A separate legislative text addresses EU-level measures to position France within a new monetary order embracing Bitcoin and cryptocurrencies.

Bitwise launched the first U.S. Solana Staking ETF (BSOL), attracting nearly $223 million in assets shortly after trading began. The fund offers direct exposure to Solana and earns staking rewards, following recent SEC guidance on proof-of-stake activities.

Stable will launch the second phase of its pre-deposit campaign next week, introducing per-wallet deposit limits to broaden participation. The move follows criticism on X over alleged front-running in Phase 1, where large holders reportedly deposited significant amounts before the public opening, according to user claims and on-chain data.

Stream's xUSD is under scrutiny due to a 4.1x leverage ratio, with $170 million in on-chain assets backing $530 million in borrowings. Founder responds to warning from KOL CBB0FE, pledging greater transparency and clarifying that xUSD is not a stablecoin. The move aims to align user expectations with the product's actual structure. Concerns center on liquidity risk and potential cascading liquidations during market downturns.

Circle has launched the public testnet for its Arc chain, a payment-focused Layer 1 blockchain backed by USDC. The rollout includes collaboration with major financial institutions including BlackRock, HSBC, and Absa as design partners.