Rain, a stablecoin infrastructure platform, has raised $58 million in a Series B round led by Sapphire Ventures, with participation from Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, Lightspeed, and Norwest.
Expansion Amid Regulatory Tailwinds
The raise comes just five months after Rain’s Series A, underscoring strong...
Binance recently saw a massive inflow of ~$1.65 billion in stablecoins—commonly referred to as "dry powder"—suggesting potential buying power lining up behind the scenes. This occurred amid Bitcoin plunging below $110,000 amid liquidations and whale activity (FinTelegram).
Key Insights
Amount...
Ripple—the blockchain powerhouse behind XRP and the RLUSD stablecoin—has struck a strategic deal to acquire Rail, a Toronto-based stablecoin payments platform, for $200 million (Finextra).
Deal Details at...
MetaMask is reportedly shaking up the crypto scene with a groundbreaking proposal: launching its own USD‑pegged stablecoin, tentatively dubbed MetaMask USD (mmUSD)—and partnering with Stripe to make it...
Stablecoins have crossed a major milestone: nearly $940 billion in settlement volume in a single month, putting them within striking distance of Visa’s monthly figures. And the...
In a move that could redraw the map of corporate finance, Corpay (NYSE: CPAY), a global leader in B2B payments, has teamed up with Circle, the issuer...
Excerpt
A $245 billion stablecoin market is now parking over $127 billion in U.S. Treasury bills—enough to nudge money-market yields and regulators’ pulse.
We dissect the...
Hong Kong is ready to take the lead in Asia’s stablecoin race. The region’s financial watchdog, the Hong Kong Monetary Authority (HKMA), has announced that it...
BlackRock, Citi, and JPMorgan Signal Institutional Push into Tokenized Dollars
From private blockchains to regulated issuance rails, America’s financial giants are gearing up to shape...
Ripple has selected BNY Mellon as its custody provider for the upcoming Ripple stablecoin, further signaling its intention to enter the tokenized payments race with institutional credibility...
In the fast-evolving digital finance landscape, stablecoins have quietly become one of the most profitable instruments in the market. But what exactly makes them so...
Multiple banks in South Korea have filed for “won”-backed stablecoin trademarks, signaling growing interest in blockchain finance — but big questions remain around timing,...
As global stablecoin projects grow, Chinese regulators issue a fresh reminder: the line between innovation and fraud remains thin.
The news
According to Cointelegraph, the Chinese Public Security...
