DeFi News page 2

Budapest scraps criminal penalties of up to eight years for unlicensed crypto activity as it moves toward the bloc's common standard. Hungary has repealed a national crypto law that carried some of the harshest penalties in the European Union.

The payment gateway now processes USDC transactions on Solana, aiming to tap a stablecoin market reported at $6.7 billion Finassets, a crypto payment gateway provider, has enabled USDC payment support on the Solana blockchain, according to reports from CryptoPotato and The Cryptonomist. The update lets merchants and users route USDC transactions through Solana's network infrastructure.

Elon Musk's social platform is said to be weighing digital-dollar payments as it rolls out an updated creator incentive scheme. X, the social media platform owned by Elon Musk, is reportedly exploring stablecoin payments as a way to compensate content creators.

New stablecoin minting and a credit fund backing coincide with a sharp rally in XRP. Ripple has increased the circulating supply of its RLUSD stablecoin at the same time XRP recorded a 19% price rally. The move places fresh attention on the relationship between Ripple's token issuance activity and swings in XRP's market value.

The South Korean exchange's listings coincided with gains across all four assets, led by ETHGas's GWEI token. Upbit, one of South Korea’s largest cryptocurrency exchanges, has expanded its trading offerings with new BTC and USDT pairs for four tokens. The additions cover BICO, BMT, NIL and GWEI, according to CryptoBriefing.

Ranked by how many outlets actually stand behind them, the night's best-supported story is a stablecoin payments talk, not the Bitcoin print or the regulatory contingency plan. Ranked by how many outlets actually stand behind them, the night's best-supported story is a stablecoin payments talk, not the Bitcoin print or the regulatory contingency plan.

The infrastructure project ties a new token to the tools it has built across the Ethereum ecosystem. Aligned has launched $ALIGN, positioning it as the native token underpinning its full Ethereum stack. The announcement was reported across several crypto news outlets on August 20, 2026.

Crypto News Australia reports the securities regulator is preparing a broad rules initiative as Washington's approach to digital assets shifts. The U.S. Securities and Exchange Commission is preparing a major push on crypto rulemaking, according to a report from Crypto News Australia.

The social platform is said to be exploring USDC payouts for its content creator rewards program. X is reportedly exploring the use of stablecoins to pay content creators through its royalty and rewards program. CryptoPotato reported the talks on August 20, describing the plan as still under discussion rather than finalized.

FBI secures return of alleged scheme founder after roughly a year evading capture in the Pacific nation A man described by prosecutors as the mastermind behind a $165 million cryptocurrency fraud scheme has been deported from Fiji, according to reports citing the FBI.

The three firms plan to bring institutional-style credit infrastructure to the XRP Ledger. Clearpool, Ripple and Cicada Credit have agreed to build a new lending platform on the XRP Ledger. The announcement was reported by CryptoBriefing and CoinGape on August 20, 2026.

The USDC issuer's stock climbed alongside a broader crypto market rally, though it remains well below its yearly highs and faces lingering stablecoin risks. Circle, the company behind the USDC stablecoin, saw its stock climb to $78.59 in recent trading.

Reports of White House enthusiasm for the CLARITY Act coincided with a sharp bitcoin rally, though price forecasts on the legislation's impact vary widely. Bitcoin's price moved sharply higher this week, with multiple reports placing it above $72,000.

The state-backed token will now rely on Chainlink's cross-chain infrastructure instead of LayerZero, according to two reports. Wyoming has switched the underlying interoperability provider for its state-backed stablecoin, FRNT, from LayerZero to Chainlink. The change was reported by AMBCrypto and CoinGape, both covering the shift on the same day.

The Senate Banking Committee chair says opposition led by Elizabeth Warren's team aims to push digital assets out of the U.S. Senator Tim Scott, chair of the Senate Banking Committee, has sharpened his criticism of Democratic lawmakers over the CLARITY Act.

Finbold and BlockchainReporter agree Bybit's RLUSD Hold & Earn passed $50M AUC and launched Phase 2 with XRP rewards, but disagree on whether the pace of accumulation was disclosed. Finbold and BlockchainReporter agree Bybit's RLUSD Hold & Earn passed $50M AUC and launched Phase 2 with XRP rewards, but disagree on whether the pace…

The social media platform is said to be weighing digital dollar-pegged tokens as a faster way to settle creator payouts. Elon Musk's social media platform X is reportedly exploring stablecoins as a payment method for influencers and content providers. CoinDesk first reported the development, with CryptoBriefing publishing a similar account shortly after.

The firm is examining decentralized finance options as the XRP Ledger considers building lending directly into its protocol. Evernorth is examining how it might participate in decentralized finance on the XRP Ledger. Reports from CryptoBriefing and The Block indicate the firm is reviewing a native lending framework tied to the network.