Paxos Labs integrates Amplify with Toku to let workers earn yield on stablecoin salaries in Toku wallets without moving funds. The update tackles idle payroll funds for Toku's $1B+ annual network spanning 100+ countries.
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SoFi has begun settling its card program with Mastercard using SoFiUSD, targeting more than $25 billion in expected annualized volume after migration. The change provides faster onchain settlement while leaving consumer cards and merchant systems unchanged.
Sony Bank received preliminary conditional OCC approval to form Connectia Trust, a New York-based subsidiary capitalized with $40 million to manage dollar-denominated stablecoins. The approval arrives as stablecoin transaction volumes hit a record $1.79 trillion last month, intensifying competition in a market dominated by USDT and USDC.
Revolut will stop supporting USDT purchases from July 6 and fully delist the stablecoin after Aug. 31, automatically converting leftover holdings. The move reflects ongoing European regulatory pressure on non-compliant stablecoins such as Tether's USDT.
Visa, Mastercard, Coinbase and over 140 businesses launched Open Standard to issue Open USD, a US dollar-tied stablecoin expected later in 2026. The move follows the GENIUS Act signed into law on July 18, 2025, which created a new regulatory framework and aims to expand stablecoin use beyond crypto trading.
SBI Holdings will gain full control of Bitbank through a $289 million transaction that creates Japan’s largest crypto exchange by assets under custody, targeting 1.1 trillion yen and 2.92 million accounts while expanding its stablecoin, tokenization and blockchain infrastructure.
