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Western Union Confirms to Launch Stablecoin on Solana
Global payments giant Western Union has announced plans to introduce a U.S. dollar-backed stablecoin named USDPT in 2026.
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ASIC Issues Updated Rules Clarifying How Financial Laws Apply to Crypto Assets
The Australian Securities and Investments Commission (ASIC) has issued a major update to its Info Sheet 225. Notably, the new move expands how financial services laws apply to digital-asset products and platforms.
Evernorth Accumulates 388.7M XRP Worth $1B+, On-Chain Data Confirms
Ripple-supported startup Evernorth Holdings has accumulated over $1 billion worth of XRP. This significant investment makes it one of the largest institutional holders of the cryptocurrency to date.
IBM Launches Digital Asset Haven to Help Banks and Governments Manage Digital Asset Operations
IBM has announced the launch of Digital Asset Haven, a new platform to help financial institutions and governments securely manage and scale their digital asset operations. The platform aims to provide an integrated system for managing the entire digital asset lifecycle, covering custody, transactions, and settlement.
Kyrgyzstan Launches Stablecoin, Builds Crypto Reserve, and Pilots CBDC
Kyrgyzstan has introduced a new stablecoin, KGST, pegged 1:1 to the national currency, the som. Additionally, the country has established a national cryptocurrency reserve to support its expanding blockchain ecosystem.
Western Union Explores Stablecoins for International Transfers
Global payments leader Western Union is preparing to launch a stablecoin-based settlement pilot, marking its most significant move toward blockchain-powered remittances. Specifically, the pilot aims to improve the company’s approach to managing its extensive payment network, which processes 70 million transactions quarterly across 200 countries and serves over 150 million customers worldwide.
Bitcoin Tops $115,000 as Traders Face $373 Million in Short Liquidations
The global crypto market rose sharply over the weekend, as Bitcoin and major altcoins gained on better economic news and large short liquidations. Market data showed that Bitcoin rose 3.4% on Sunday to a two-week high of $115,400, before stabilizing around $115,226.
JPMorgan to Allow Major Clients Use Bitcoin, Ethereum as Loan Collateral
JPMorgan Chase plans to launch a new program that will allow institutional investors to use Bitcoin and Ethereum as loan collateral by late 2025. The initiative will engage a third-party custodian to manage and protect the pledged crypto assets.
