Web3
SoFi Bank is expanding its SoFiUSD fully reserved stablecoin from Ethereum to Solana, citing speed, cost, and transaction capacity advantages. The move is part of SoFi's Big Business Banking platform, which integrates fiat accounts, SoFiUSD, and crypto payments for banks, fintechs, and enterprise...
Web3
Western Union launched USDPT, its fully reserved US dollar stablecoin issued by Anchorage Digital Bank on Solana, on May 4. The pilot begins in Bolivia and the Philippines, with expansion to 40+ countries planned for 2026. USDPT enables 24/7 settlement between Western Union and its global agents ...
Web3
State Street Investment Management and Galaxy Digital have launched SWEEP — the State Street Galaxy Onchain Liquidity Sweep Fund — on Solana, allowing stablecoin holders (starting with PayPal USD) to move idle balances into an institutional yield-bearing vehicle. Ondo Finance anchors the product ...
Stablecoins
Tetra Trust launched CADD — Canada's first CAD-backed stablecoin issued by a financial institution — on Base, Ethereum, and Tempo, backed by Shopify, National Bank of Canada, Wealthsimple, ATB Financial, and Shakepay. The token targets 24/7 institutional settlement replacing legacy batch clearing.
Stablecoins
Western Union launched USDPT, a USD-backed payment stablecoin on Solana issued by Anchorage Digital Bank N.A., targeting cross-border payments in 40+ countries. The company also plans to launch Stable by Western Union, a consumer-facing product, later in 2026.
Regulation & Policy
Brazil's Banco Central do Brasil published Resolution BCB No. 561 on April 30, barring fintechs and payment firms from using stablecoins or crypto assets as settlement within the country's regulated eFX cross-border payment corridors, effective October 1, 2026. Individual holdings remain legal.
Stablecoins
Senators Tillis and Alsobrooks struck a bipartisan yield compromise, clearing the CLARITY Act for a Senate Banking Committee markup the week of May 11. Coinbase CEO Armstrong endorsed within hours. Passive interest prohibited; activity-based rewards explicitly protected.
RWA
BlackRock filed a formal comment letter with the OCC opposing a proposed 20% ceiling on tokenized assets as stablecoin reserves under the GENIUS Act's draft rulemaking. The cap would constrain BlackRock's BUIDL fund. BlackRock is asking the OCC to remove the limit and expand eligible asset types.
Stablecoins
Coinbase Asset Management partnered with Superstate to launch CUSHY — a stablecoin credit fund whose tokenized share class will issue onchain via Superstate FundOS on Ethereum, Solana and Base, expected to go live in Q2 2026. Northern Trust handles fund administration.
Funding
Tether Investments proposed merging Twenty-One Capital (43,514 BTC, $3.3B), Jack Mallers' Strike (operating in 100+ countries) and Raphael Zagury's Elektron Energy (~50 EH/s mining capacity) into a single publicly listed Bitcoin platform. XXI shares jumped 8% in after-hours trading.
AI
Tether-backed Oobit launched Agent Cards — virtual Visa cards funded from a USDT treasury and issued per AI agent. Spend policies are server-enforced, every transaction logged in real time. KYB-verified onboarding rolls out through Q2 2026.
Funding
Tether Investments proposed merging Twenty One Capital (XXI), Jack Mallers' Strike, and miner Elektron Energy into one listed entity. The combined company would hold 43,500+ BTC, mine ~5% of hashrate at <$60K all-in, and run Strike — XXI popped 8%.