Citigroup is expanding its partnership with Coinbase to allow the bank's institutional clients to accept stablecoin payments while settling in traditional fiat currency. The collaboration builds on their October 2025 partnership and enables merchants to process stablecoin transactions without directly holding crypto assets, with Coinbase handling the conversion infrastructure.
The Solana Foundation has hired former Binance chief marketing officer Rachel Conlan as chief strategy officer to oversee institutional partnerships and ecosystem growth, and former Polygon Labs executive Jamal Raees as general manager of payments to focus on stablecoins and tokenized deposits.
SoFi began settling debit and credit card transactions using its SoFiUSD stablecoin on Mastercard's global payments network, migrating its entire card program expected to process over $25 billion in annualized volume.
Prediction market platform Polymarket faced at least $10 million in fraudulent withdrawal attempts using stolen debit cards on its U.S. platform in February 2026. Payment processor Checkout.com reportedly rejected over 80% of deposits as fraudulent at one point, far exceeding typical industry rates.
Poland's state energy company Orlen lost up to $424 million after a $230 million USDT cryptocurrency payment for discounted Venezuelan crude oil disappeared following a covert deal that began in late 2023. The payment vanished on USB drives in a collapsed transaction.
The Albuquerque city council passed an ordinance on September 10 banning cryptocurrency kiosks and cashier-facilitated virtual currency transactions, making it one of the first major U.S. cities to outright prohibit crypto ATMs. Operators have 45 days to comply with the new regulation.
MoneyGram, the 86-year-old global payments company, has launched its first stablecoin-backed Visa card in Colombia, allowing eligible customers to hold stable-dollar balances and use them for spending and cash access through the MoneyGram app. The company plans a worldwide rollout following the initial Colombia launch.
Coinbase is partnering with fintech company Moov to help community banks adopt stablecoin payment capabilities, as the cryptocurrency exchange positions stablecoin payments as a major revenue growth driver beyond traditional trading operations.
Cryptocurrency exchange Gemini has obtained a Major Payment Institution license from the Monetary Authority of Singapore, completing an approval process that began nearly two years ago with in-principle approval. The license allows Gemini to provide digital payment token services and cross-border money transfer services in Singapore.
PayPal, in partnership with M0 and MoonPay, launched PYUSDx, a platform that allows businesses and developers to create their own branded stablecoins backed by PayPal's PYUSD. Three initial partners—Saturn, Concrete, and Cap—went live with the platform, collectively bringing over $100 million in processed volume.
Visa announced it will make more data available to companies lending on the blockchain, responding to strong demand for stablecoin-linked payment cards. The payments giant is pairing its settlement capabilities with expanded data services for the emerging crypto lending sector.
Visa announced it will integrate VisaNet settlement data with onchain lending infrastructure to help stablecoin-linked card issuers and fintech companies access working capital. The system uses payment and blockchain transaction records to automate lending decisions as demand for stablecoin cards increases.
Bangko Sentral ng Pilipinas proposed a 12-month suspension on new payment system operator registrations and plans to enforce stricter controls on payment arrangements involving virtual asset service providers.
Bybit Pay has integrated with crypto payments infrastructure provider Mesh, allowing the exchange's 80 million users to make payments and fund accounts across more than 300 platforms directly from their Bybit balances without withdrawing assets.
Diameter Pay, a stablecoin payments infrastructure startup focused on cross-border transfers, has raised $10 million in Series A funding co-led by CMT Digital and Lightspeed. The company provides embedded payments infrastructure that routes cross-border transfers for banks using crypto rails.
SoFi Technologies and Payward agreed to connect SoFi's banking network with Kraken's trading infrastructure. Kraken will list SoFiUSD stablecoin while SoFi will use Kraken Prime for crypto liquidity, expanding SoFi's real-time settlement system to digital assets.
Stablecoin payments company Kast has launched a new business-focused platform combining accounts, payment cards, and other services after closing an $80 million Series A funding round. The company, founded by former Circle executive Raagulan Pathy, aims to onboard between 1,000 and 5,000 active businesses by the end of 2026.
Stablecoin payments company Kast has launched a new business-focused platform combining accounts, payment cards, and other services after closing an $80 million Series A funding round. The company, founded by former Circle executive Raagulan Pathy, aims to onboard between 1,000 and 5,000 active businesses by the end of 2026.
U.S. and international banks are reconsidering their stance on stablecoins, with JPMorgan holding preliminary discussions about launching its own digital dollar and global banks exploring consortium approaches. The shift comes as banks face growing competition from crypto companies in the payments space.
South Korea's Shinhan Financial Group has signed a strategic agreement with Visa to test stablecoin issuance, remittances and redemptions using Visa's stablecoin platform, while also developing AI-powered payment models for the Korean market.
Casper and Payouts.com announced a partnership combining spending controls with stablecoin settlement to address payment challenges for autonomous AI agents, targeting what Visa has identified as the hardest trust problem in agentic commerce. The initiative comes as industry experts debate liability and payment infrastructure for AI agents making independent purchases.
The U.S. Treasury expanded sanctions against Iran's digital asset sector on August 24, granting broader authority to target foreign entities facilitating crypto transactions, while also sanctioning four India-based companies and three Indian nationals for importing Iranian petroleum products.
Major payment networks Visa and Mastercard have joined Rain and Fireblocks to launch the Agentic Payments Alliance, a coalition aimed at standardizing protocols and infrastructure for AI-powered autonomous commerce where AI agents can make purchases independently.
Digital-asset payments company MoonPay has added Cash App Pay as a payment method, allowing eligible U.S. customers to purchase cryptocurrencies including Ether, Solana, and XRP directly from their Cash App balances. The integration enables Cash App users to fund external wallets like MetaMask through MoonPay's checkout system.
Visa is searching for a new stablecoin settlement and over-the-counter partner with cryptocurrency exchange licenses in the U.S., Canada, UK, and Singapore following Mastercard's acquisition of BVNK, the payments firm Visa had previously been working with.
Hawaii will prohibit cryptocurrency kiosks from accepting U.S. currency in exchange for digital assets beginning October 1, though ATMs may still dispense cash for crypto or facilitate crypto-to-crypto swaps. The regulatory change comes as crypto ATMs continue to operate in other regions, including New Zealand's East Coast.
MoneyGram is extending its MoneyGram Ramps cash-to-crypto service to the Solana blockchain, expanding its global cryptocurrency-to-cash offerings. The announcement was made by Chairman and CEO Anthony Soohoo at Consensus 2026.
Australia's financial intelligence agency AUSTRAC suspended crypto ATM operator Cryptolink's registration for three months, taking 96 cryptocurrency ATMs across the country out of service. The suspension was issued due to missing transaction reports and the company's failure to respond to regulatory inquiries.
Brazil's central bank announced new anti-fraud regulations requiring cryptocurrency transfers above $10,000 (approximately R$51,000) to be delayed by up to 24 hours for additional security analysis. The rules take effect January 1, 2027.
Visa Inc. is integrating stablecoin funding and payout capabilities into its Visa Direct platform through a collaboration with blockchain infrastructure provider zerohash. Eligible clients will be able to use stablecoins for transactions through the payment network.
Russian President Vladimir Putin signed legislation on August 4, 2026, creating Russia's first comprehensive regulatory framework for cryptocurrency trading, exchanges, and digital assets. The law, effective September 2026, allows retail and qualified investors to purchase crypto through licensed intermediaries while maintaining a ban on crypto payments for domestic transactions.
Yellow Card, a global stablecoin infrastructure provider, has secured $40 million in strategic funding from investors including SC Ventures by Standard Chartered, Sony Innovation Fund, Polychain Capital, and Blockchain Capital. The company plans to use the capital to expand its Global USD Accounts product and stablecoin payment rails into Latin America, EMEA, and Asia-Pacific regions.
Binance-affiliated companies have filed a lawsuit in Hong Kong against RedotPay's co-founders, alleging they breached a partnership agreement by diverting more than 470,000 Binance Card users to RedotPay's own stablecoin payment card service. RedotPay has vowed to vigorously defend against the claims.
Dubai Duty Free has launched Crypto.com Pay across its retail network at Dubai International Airport, Al Maktoum International Airport, and its online store, making it the first airport retailer in the Middle East to offer regulated cryptocurrency payment options. The rollout implements a strategic partnership established through a July 2025 memorandum of understanding between Dubai Duty Free and Crypto.com.
Visa is adding stablecoin prefunding and payout capabilities to its Visa Direct platform through a collaboration with onchain infrastructure provider Zerohash, enabling eligible clients to conduct cross-border payments using stablecoins across 195 countries.
Western Union has partnered with stablecoin infrastructure provider Rain to launch Stablecard, a digital wallet and Visa-branded card that allows users to hold and spend USDPT, Western Union's US dollar-backed stablecoin issued by Anchorage on Solana. The product is now available in 37 markets globally.
Mastercard has finalized its acquisition of BVNK, a London-based cryptocurrency infrastructure platform and Ripple partner, for $1.5 billion plus $300 million in earnouts. The deal expands Mastercard's capabilities in the stablecoin payments market, adding BVNK's infrastructure that processes $30 billion in annual stablecoin volume across 130 countries.
Major cryptocurrencies including Ethereum, XRP, MemeToro and HYPE are attracting investor capital in July 2026 while smaller tokens face liquidity challenges amid increased regulatory enforcement actions and payment-access restrictions.
PayPal is advancing its cryptocurrency initiatives by expanding its PYUSD stablecoin, implementing agentic AI payment systems, and adding biometric authentication, even as it absorbed an $81 million crypto-related loss while exceeding revenue expectations.
Global payments provider MiFinity has launched PayAnyCoin, a stablecoin-based enterprise payout service built on BVNK infrastructure, as new data shows embedded digital dollar wallet volume surging 263x year-over-year with payment service providers overtaking trading as the largest customer segment.
Visa presented its most detailed stablecoin roadmap to date during its fiscal third-quarter earnings call on July 28, 2026, outlining plans to integrate stablecoin capabilities across its payment network. The company reported $11.6 billion in Q3 revenue.
Coinbase CEO Brian Armstrong publicly criticized crypto firms pivoting to AI as 'zero-sum thinking,' arguing instead that cryptocurrency will become more important in the AI era as autonomous AI agents need programmable money for transactions without traditional banking infrastructure.
A new PhotonPay research report documents how stablecoin-based multi-rail payment systems are cutting African cross-border B2B settlement costs from $5-$15+ to under $1 and reducing settlement times from days to minutes, as companies like Lumepay launch institutional payment solutions targeting the continent's fragmented commercial trade infrastructure.
Crypto payment platform MoonPay has added Discover Network as its third major U.S. card network, alongside Visa and Mastercard. The integration allows eligible Discover Network cards to be used for cryptocurrency purchases and sales through MoonPay, while MoonPay said U.S. cardholders can buy thousands of supported tokens, including Bitcoin, Ethereum, XRP, and Solana.
Multiple cryptocurrency wallet providers are introducing Visa-branded payment cards that allow users to spend their digital assets in everyday transactions. BloFin Wallet announced a Visa card alongside perpetual contract trading features, while RedotPay launched an RLUSD card enabling 8 million users to spend against their XRP holdings through a margin loan structure.
Ripple has made an undisclosed strategic investment in Notabene, which describes itself as the operator of the world's largest open network for regulated on-chain transactions. The companies plan to integrate RLUSD into Notabene Flow and explore how Notabene's payment authorization capabilities could complement Ripple Payments. According to Notabene, its broader compliance and authorization network facilitates more than $2 trillion in annualized transaction volume.
USDC issuer Circle Internet Group has signed separate strategic agreements with South Korea's major fintech platforms Kakao Group and Viva Republica (Toss operator) to explore stablecoin payment infrastructure, remittances, and tokenized finance as the country works to establish a digital asset regulatory framework.
Coinbase has introduced three offerings that enable businesses to accept payments from AI agents, expand agent-assisted crypto trading and help developers integrate x402 payments. The company also said agent traffic exceeded human traffic on Base documentation pages for the first time.
Corporate finance platform Ramp has opened stablecoin accounts and payment capabilities to business clients, leveraging Stripe's stablecoin infrastructure with Bridge handling dollar conversions and Privy managing balance storage.
Diaspora remittance platform LemFi is transitioning its cross-border settlement operations to stablecoin rails through a partnership with BVNK, replacing traditional multi-day correspondent banking with near-instant, lower-cost settlement.
Financial operations platform Ramp announced the general availability of stablecoin accounts and payments for its customers, allowing businesses to hold, move, and account for fiat and stablecoin funds through one platform with integrated approvals, controls, and accounting. TheStreet reported that stablecoin deposits are supported across seven blockchain networks, including Solana.
Russia's State Duma approved landmark cryptocurrency legislation on July 21, 2026, establishing the country's first comprehensive legal framework for digital assets. The law, effective September 1, legalizes regulated crypto trading and cross-border settlements while maintaining a ban on domestic crypto payments and capping retail investors at $3,800 annually.
Visa announced the Visa Stablecoin Platform, an infrastructure layer allowing banks and financial institutions to integrate stablecoin payments into its network serving over 200 million merchants. The move comes as Japan's JCB card network also partnered with Circle to test USDC stablecoin payments across 40 million merchant locations.
Polygon Labs announced another round of staff cuts as it transitions from a blockchain foundation to a payments-focused company, coinciding with its $250 million acquisition of crypto exchange Coinme and wallet platform Sequence. CEO Marc Boiron said the restructuring reflects the shift toward commercial priorities and profitability targets for 2027.
Visa announced the Visa Stablecoin Platform, an infrastructure layer allowing banks and financial institutions to integrate stablecoin payments into its network serving over 200 million merchants. The move comes as Japan's JCB card network also partnered with Circle to test USDC stablecoin payments across 40 million merchant locations.
JCB, Japan's largest bank card issuer with 140 million users worldwide, has announced a partnership with Circle to integrate stablecoin payment capabilities into its network, bringing cryptocurrency payments to regular retail stores.
The Linux Foundation has formally launched the x402 Foundation, backed by major payment networks including Visa, Mastercard, and Ripple, to create an open standard for internet-native payments by AI agents and applications. The protocol, originally developed by Coinbase, processed 75 million transactions worth $24 million last month.
After devastating earthquakes struck northern Venezuela on June 24-25, 2026, stablecoins emerged as a critical mechanism for rapidly distributing emergency aid to survivors, addressing challenges in traditional money transfer systems.
India's Enforcement Directorate conducted raids on six Bengaluru-based crypto on-ramp/off-ramp firms, investigating alleged unauthorized cross-border money transfers totaling approximately ₹2,500 crore ($300 million).
Blockrise CEO Jos Lazet has characterized 'anarchistic neobanks' as the next phase of Bitcoin adoption, as Bitcoin-native financial firms expand beyond traditional exchange and custody services into lending, payments, and banking.
Coinbase has introduced "Coinbase for Agents," a new platform that enables AI assistants like ChatGPT and Claude to connect to users' accounts and autonomously execute cryptocurrency trades, access data, and make payments on their behalf.
Ripple released the XRPL AI Starter Kit on Wednesday, enabling developers to build AI agents that can autonomously send and receive payments using XRP and RLUSD on the XRP Ledger. The launch coincides with Mastercard naming Ripple as a partner in its Agent Pay for Machines initiative.
Mastercard unveiled Agent Pay for Machines (AP4M), a protocol enabling autonomous AI agents to send and settle payments, including microtransactions under $1. The platform is being developed with partners including Coinbase, Stripe, and Ripple.
Coinbase partnered with Cardless to launch a stablecoin-backed credit card, while Visa and Mastercard are preparing to enter the stablecoin market and compete over AI agent payment infrastructure, challenging the decade-long dominance of Tether and Circle.
Tether has partnered with Fasset to introduce the first gold-backed Visa card that allows users to spend from their XAUT (Tether Gold) balance and earn cashback rewards in digital gold. Tether has committed $1 million to fund the card's rewards program.
Visa and stablecoin issuer Brale have launched a proof-of-concept testing SBC stablecoin settlement on the Canton Network's privacy-preserving blockchain. Separately, Visa, Mastercard, and Stripe are reportedly backing a new stablecoin platform that Coinbase is considering joining.
Mastercard is enhancing its stablecoin settlement functionality to support regulated stablecoins including Circle's USDC, Ripple's RLUSD, and SoFi's offerings for credit card transactions and cross-border payments. The expansion comes as payment giants Stripe, Visa, and Mastercard are reportedly backing a new stablecoin platform that Coinbase is considering joining.
The US Senate is advancing stablecoin legislation through the Clarity Act while blocking CBDCs, as Andreessen Horowitz urges the Treasury to establish uniform stablecoin regulations under the GENIUS Act to preserve token fungibility and enable payment innovation.
The Solana ecosystem experienced multiple infrastructure developments in early June 2026, with the Solana Foundation deploying a native recurring payments program, Phoenix Trade launching mobile trading access, and Solayer rolling out its Margin Trade perpetuals platform mainnet.
President Trump issued an executive order directing federal regulators to tighten fraud screening and limit credit lines for undocumented immigrants, a move experts say could drive increased adoption of stablecoins and Bitcoin ATMs among affected populations.
Mastercard received a BitLicense from the New York State Department of Financial Services, enabling the payments giant to conduct digital asset activities including stablecoin and blockchain-based settlement infrastructure under one of the strictest regulatory frameworks in the U.S.
SoFi Technologies made its U.S. dollar-pegged stablecoin available directly within the SoFi app to its 14.7 million members, marking the first instance of a U.S. national bank-issued stablecoin embedded in a consumer banking app.
The Federal Reserve proposed creating a new, more limited form of payment account that would allow firms like fintechs to move money across the Fed's payment rails without enjoying all the privileges of traditional master accounts.
President Trump signed an executive order instructing the Federal Reserve and other regulators to review and modernize banking rules regarding payment system access for crypto and fintech firms within 120 days.
Crypto.com's Foris DAX entity received the UAE's first Stored Value Facilities (SVF) license from the Central Bank, allowing it to offer crypto payment services in the country. This marks the first time a Virtual Asset Service Provider has obtained payment provider authorization in the UAE.
Payward Inc., Kraken's parent company, agreed to acquire Hong Kong-based payments firm Reap Technologies for $600 million in cash and stock, deepening its push into Asian stablecoin infrastructure and institutional services.
Kraken has partnered with MoneyGram to enable users to convert cryptocurrency into cash at nearly 500,000 MoneyGram locations across more than 100 countries worldwide, significantly expanding crypto off-ramp infrastructure.
Bakkt finalized its acquisition of Distributed Technologies Research, a stablecoin payments company, in a deal originally announced in January for 9.3 million shares. The company also changed its corporate name to Bakkt Inc.
MoonPay introduced the MoonAgents Card, a stablecoin debit card enabling AI agents to spend directly from self-custodied wallets at any Mastercard merchant. The card links onchain wallets to traditional payment rails without requiring preloading or moving assets offchain.
MoonPay has acquired crypto key management firm Sodot in a $100 million stock deal and launched a new institutional business division led by former CFTC Acting Chair Caroline Pham. The acquisition provides security infrastructure for MoonPay's expansion into serving banks, asset managers, and trading firms.
