The Financial Accounting Standards Board (FASB) has proposed treating qualifying stablecoins as ‘cash equivalents,’ a move that could fundamentally change how companies account for crypto holdings and accelerate stablecoin adoption in mainstream finance.
The world’s largest asset manager BlackRock announced expansion of its tokenized cash business, launching new blockchain-based money market funds designed to qualify as eligible reserve assets under the US GENIUS Act for stablecoin issuers.
Core Summary Stripe has announced a $53 billion bid to acquire PayPal, marking the largest merger and acquisition in fintech history. The deal could fundamentally reshape the global payments landscape and accelerate the integration of stablecoin and blockchain-based payment infrastructure. Analysts note that the real strategic prize lies in PayPal’s consumer wallet ecosystem and potential stablecoin issuance capabilities. Event Details According to CoinDesk and multiple financial media outlets, Stripe has formally proposed to acquire PayPal for $53 billion in full. If completed, this would be the largest acquisition in fintech history, dwarfing any previous deal in the payments sector. ...
Core Summary Visa has officially launched a stablecoin platform enabling banks and fintech companies to issue, manage, and settle digital dollars through its payments network. The platform will integrate Open Standard’s OUSD stablecoin, positioning it as a direct competitor to Circle’s USDC. This move signals traditional payment giants fully embracing on-chain financial infrastructure, intensifying competition in the stablecoin market. Event Details According to CoinDesk and The Block, Visa has officially launched its stablecoin platform, providing institutional clients with comprehensive stablecoin lifecycle management services. The platform allows banks and fintech companies to issue, manage, and settle digital dollars through Visa’s global payments network. ...
The US-UK transatlantic digital asset taskforce has released a roadmap promoting cooperation in stablecoin innovation and tokenized assets.
As yield-bearing stablecoins race toward $50 billion market cap, the industry is optimizing for the wrong metric. Collateral quality and transparency are what truly matter.
Financial institutions are racing to become secure gateways for stablecoins as digital asset volume is projected to surge by 2030.
Summary The Bank for International Settlements argued in its annual report that stablecoins still fall short of money on singleness, elasticity, and integrity, warning of currency substitution risks in emerging markets. Details According to The Block, the report — regarded as a bellwether for global central banks — notes that while stablecoins have achieved significant growth in payments and transfers, their underlying mechanisms are insufficient to guarantee absolute value stability. The report specifically flagged the rapid penetration of stablecoins in emerging market economies, warning this could undermine local central banks’ monetary policy transmission. ...
The $2.5 trillion asset manager Invesco has filed for a tokenized fund investing primarily in U.S. Treasuries and repos, targeting the stablecoin reserve market.
Bipartisan US senators have written to the Treasury Department urging that state regulatory authority be preserved in the implementation of the GENIUS stablecoin legislation, preventing excessive federal centralization.