Tag: Stablecoins

Circle signed a definitive agreement to acquire Singapore-based Tazapay for $400 million in Class A common stock. Tazapay processes more than $25 billion in annualized payment volume across 100-plus markets, with about 60% of volume already involving stablecoins. The transaction is expected to close in 2027, subject to Monetary Authority of Singapore approval and other customary conditions. Circle will grant $25 million in restricted stock...

Twenty-one banks and asset managers committed on Sept. 1 to form a still-unnamed company in the second half of 2026 to issue a dollar stablecoin. The group is targeting a first-half 2027 launch for wholesale, institutional and retail payments, with a euro token listed as the next priority. The venture is intended to comply with the U.S. GENIUS Act and the EU MiCA framework where applicable. The stablecoin market is about $303 billion, with...

KPMG U.S. issued an unqualified opinion on Tether International’s full 2025 financial statements. Audited reserves exceeded liabilities by $6.814 billion as of Dec. 31, 2025. KPMG physically counted and inspected every gold bar in Tether’s holdings. CEO Paolo Ardoino described the milestone as a defining moment for the stablecoin industry. Stablecoin giant Tether announced on Aug. 13 that KPMG U.S. has completed a full independent audit of...