A heated contest for control over a new dollar-pegged token has set the stage for what analysts say could define the next phase of the stablecoin industry. According to Bloomberg, a bidding war unfolded on Hyperliquid, one of crypto’s fastest-growing trading platforms, with the prize being the right to issue USDH, its native stablecoin. The competition drew some of the sector’s most prominent names, including Paxos, Sky, and Ethena, who later withdrew their bid, alongside the lesser-known Native Markets, ...

A stablecoin bidding war on one of crypto's fastest-growing platforms is offering a preview of the industry's next phase — and who might control it. The contest played out on Hyperliquid, a fast-growing trading platform. The prize: the right to issue USDH, a new dollar-pegged token native to its network. The bidding involved key names in the world of crypto payments: Paxos, Agora, Ethena and the lesser-known Native Markets, a startup partnered up with Stripe's stablecoin arm, Bridge. The outcome offered a g ...

🌐 Sony, Startale, Astar Network (Three Stars) & the Future of Web3 in Japan: A Combination That Could Shake the WorldIman SaraniBaata3 min read·Just nowJust now--Press enter or click to view image in full size🎮 Introduction: When Giants Enter the SceneWeb3 has been promising “Mass Adoption” for years, yet many people have only heard the name. Now, something big is happening that could close this gap:Sony has officially embraced Soneium.Behind the scenes, a company like Startale is paving the way to ensure t ...

Google announced Tuesday that it has added stablecoin support to its new payment framework, designed to allow seamless transactions between AI applications. According to a September 16 Fortune report, Google’s new AI payment protocol supports both stablecoins and conventional payment methods, including credit and debit cards. For stablecoin integration, Fortune reported that Google partnered with crypto exchange Coinbase, which operates its own AI and crypto payment platform. Google Stablecoin Support S ...

Sands Capital, an investment management company, released its “Sands Capital Select Growth Strategy” Q2 2025 investor letter. A copy of the letter can be downloaded here.  U.S. large-cap growth equities recovered from a sharp sell-off in early April by delivering strong returns in the second quarter. The quarterly performance was driven by muted inflation, strong corporate earnings, and improving sentiment around artificial intelligence (AI) and global trade. The portfolio returned 27.7% in the quarter, out ...

Last week, Tether, the indisputable champion of the stablecoin market, announced that it would be starting from scratch to launch USAT, a US-only, GENIUS Act-compliant stablecoin. The launch is an act of necessity for a company that has to align with new U.S. laws or risk losing its position as the crypto market’s leading stablecoin. So how did we get here? Rewind to 2014. Bitcoin is barely five years old, and a no name company in a mocked, infant industry, Tether, decides to issue a dollar-pegged crypto ...

Key Points Tether's new USAT stablecoin is explicitly designed to comply with U.S. regulations like the GENIUS Act. Coinbase users will barely notice USAT's arrival since the exchange already favors (and makes money from) Circle's USDC solution. Stablecoins aren't great investments but rather digital versions of dollars, making USAT just another tool for moving money in crypto markets. 10 stocks we like better than Tether › There will soon be a new stablecoin on the market -- on the American cryp ...

Accessibility StatementSkip Navigation TORONTO, Sept. 16, 2025 /PRNewswire/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company closing the gap between traditional capital markets and decentralized finance, is pleased to announce a strategic investment in Continental Stablecoin Inc. ("CSI"), driving development and advocacy for local-currency stablecoins in Africa, notably including the developers of Nigeria's premier regul ...

Coinbase is reportedly spending millions to market itself as more than just a cryptocurrency exchange.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.But against this backdrop, the company is facing increasing comp ...

Coinbase is racing to stay ahead of a wave of new competitors as it pivots from being a pure crypto exchange to a broader financial services platform. Key Takeaways: Coinbase is expanding beyond trading into custody, derivatives, and stablecoins as competition intensifies. Despite strong ETF custody revenues and new ventures, Coinbase remains heavily exposed to Bitcoin price swings. Trading fees, still the core of Coinbase’s revenue, rise and fall with crypto market volatility. With Bitcoin hittin ...