DeFi News

Investors have committed to fund the stablecoin initiative more than a year before its planned debut. Project Faro has reportedly secured $270 million in backing from investors ahead of a planned stablecoin launch in 2027. The figure represents a sizable early commitment for a project still more than a year from its intended debut.

A draft measure from Thailand's SEC would limit stablecoin transfers to 5 million baht, or roughly $148,000, per day. Thailand's Securities and Exchange Commission has put forward a proposal to cap daily stablecoin transfers at 5 million baht. That figure converts to roughly $148,000 at current exchange rates.

The decentralized cloud computing project is shifting its native token to Solana in a move it describes as irreversible for migrated holdings. Akash Network has launched its AKT token on Solana, according to reports from crypto.news and Bankless.

Two separate conflicts in today's reporting — who runs Congress in January and how big Visa's stablecoin book actually is — remain unresolved because neither side has produced a primary document. Two separate conflicts in today's reporting — who runs Congress in January and how big Visa's stablecoin book actually is — remain unresolved because…

A sharp pullback in stablecoin supply has coincided with a broad sell-off across major cryptocurrencies, according to crypto.news and Cryptonews.com. Bitcoin, Ethereum and XRP all posted steep losses as traders woke up to a market that had turned sharply negative overnight.

The facility lets holders of BlackRock's tokenized treasury fund exit into USDC, including on weekends when traditional redemptions typically pause. Securitize and Ethena have rolled out a $100 million liquidity facility for BlackRock's BUIDL fund, multiple outlets reported this week.

The only unambiguous instrument this period is a seizure order; everything else on the docket is argument, not ruling. The only unambiguous instrument this period is a seizure order; everything else on the docket is argument, not ruling.

Circle's dollar-pegged stablecoin now faces supervision from both the European Banking Authority and national regulators, a shift that could raise compliance costs. USDC, the dollar-pegged stablecoin issued by Circle, is now subject to dual supervision within the European Union.

Cryptopolitan and Bitcoin.com News both report Visa's USDPT settlement tie-up with Western Union via Anchorage, but cite different figures for Visa's September stablecoin settlement run rate and its year-over-year growth multiple. Cryptopolitan and Bitcoin.com News both report Visa's USDPT settlement tie-up with Western Union via Anchorage, but cite different figures for Visa's September stablecoin settlement…

The crypto exchange's third-quarter results reflect a sharp pullback in trading activity across the industry. Gemini's third-quarter revenue came in at $40.9 million, a 19% decline compared with the previous quarter, according to figures reported by CryptoBriefing. The Block cited a similar figure, putting revenue at roughly $41 million for the period.

A coalition spanning federal government and private industry is contesting a state-level levy on digital asset activity. The US Justice Department has joined business groups and decentralized finance firms in challenging a crypto-related tax measure in Illinois.

South Korea's largest crypto exchange adds HYPE trading pairs on November 10, expanding access for domestic traders. Upbit confirmed on November 10 that it has added HYPE, the native token of the Hyperliquid decentralized exchange, to its trading platform. The listing spans three markets: Korean won, bitcoin and Tether's USDT stablecoin.

The digital banking app now supports a USD-backed stablecoin, linking traditional banking with blockchain-based dollar assets. Liv, the digital banking application associated with Emirates NBD, has added support for USDU, a stablecoin pegged to the US dollar. The integration lets users of the banking app access and hold the token alongside traditional fiat balances.

The president distanced himself from reports of Gulf capital flowing into World Liberty Financial, the crypto venture tied to his family. President Donald Trump said he knows “nothing” about a reported UAE-linked investment in World Liberty Financial, the cryptocurrency venture associated with his family. The Block and CryptoBriefing both reported the comment on November 9.

ETH joined a broader pullback across digital assets as the new trading week opened on November 9. Ethereum opened the trading week under pressure, falling approximately 6% to trade near $2,093, according to CryptoBriefing.

The new platform pairs private transaction features with yield generation for stablecoin holders on Ethereum. Raycash has launched a product offering confidential stablecoin payments and private yield generation on Ethereum. The Block and CryptoBriefing reported the launch on November 9, identifying Raycash as a spin-off of Zama.

The senator is demanding documentation as part of a broader Senate inquiry into crypto compliance and political ties. Senator Richard Blumenthal has issued a formal request demanding that Binance, Tether and several crypto firms linked to the Trump family submit records by January 4.

A new congressional inquiry signals fresh scrutiny of exchange and stablecoin compliance ahead of looming leadership changes in the Senate. A lawmaker set to take over a key Senate investigations role has begun examining Binance, Tether and several crypto ventures linked to the Trump family.