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Visa Launches USDC Stablecoin Settlement for U.S. Banks on Solana

Visa has launched stablecoin settlement capabilities in the United States, allowing select issuer and acquirer partners to settle obligations on its network using Circle’s USDC stablecoin over the Solana blockchain. The global payments giant announced the rollout on Tuesday, marking a major expansion of its stablecoin program into the domestic market. Initial participants include Cross River Bank and Lead Bank, both of which have already beg…
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PayPal Applies for Utah Industrial Bank Charter Amid Crypto Expansion Push

PayPal Applies for Utah Industrial Bank Charter Amid Crypto Expansion Push

PayPal seeks bank status: The company has applied to create PayPal Bank in Utah to bolster small business lending and offer interest-bearing savings. Crypto angle: As issuer of PYUSD, the move could integrate stablecoin settlements into regulated banking. Regulatory context: Follows recent approvals for crypto firms like Circle and Paxos. PayPal Holdings has submitted applications to establish an industrial bank in Utah, mark…
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Bitcoin Dips Below K as Volatility Returns and Fear Dominates Market Sentiment_

Bitcoin Dips Below $88K as Volatility Returns and Fear Dominates Market Sentiment

Bitcoin price action shows increased volatility, dipping to $87,600 before recovering slightly to around $89,400. The Crypto Fear and Greed Index has dropped to 17, signaling extreme fear for over 30% of the past year. Michael Saylor hinted at further Bitcoin acquisitions by MicroStrategy amid the price decline. Key support levels at $88,500 hyphen $89,000 are under test, with risks of a drop to $80,000 if breached. Bitcoi…
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Tether Bids €1 Billion to Acquire Full Ownership of Juventus FC

Tether Bids €1 Billion to Acquire Juventus FC Amid Agnelli Resistance

Tether has made a binding proposal to buy Exor’s 65.4% stake in Juventus at €2.66 per share, a 21% premium. The company plans to invest €1 billion in the club if the deal succeeds, aiming for full ownership via a tender offer. The Agnelli family, long-time owners, have stated they are not interested in selling, highlighting potential hurdles for the acquisition. Stablecoin issuer Tether has escalated its involvement in sports…
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YouTube Enables US Creators to Receive Earnings in PayPal's PYUSD Stablecoin

YouTube Enables US Creators to Receive Earnings in PayPal’s PYUSD Stablecoin

YouTube has introduced PYUSD payouts for US creators through PayPal’s infrastructure. The stablecoin, with a market cap over $3 billion, operates on multiple blockchains including Ethereum and Solana. This development follows regulatory advancements like the GENIUS Act, promoting stablecoin integration in the US economy. YouTube, the video-sharing platform owned by Google, has quietly rolled out a new payment option allowing…
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