Citi and Coinbase launched a stablecoin integration that hides all crypto elements from business users. Bitcoin ETFs recorded modest inflows while Strategy added 1,665 BTC to reach record holdings.
Citi customers can now accept stablecoin payments that convert automatically to dollars, with no crypto accounts or wallet addresses required.
https://x.com/coinbase/status/2104554110381121878
The update lets companies insert their own security rules for cross-chain transfers, five months after a rival system lost $292 million due to reliance on a single checker.
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CoinTelegraph reports on a proposed US accounting change for stablecoins, an FSB letter warning G20 officials about stablecoin oversight gaps and AI risks, and XRP Ledger developers defending a September emergency patch that bypassed the usual vote.
OKXICE has notified the SEC of plans to operate nonstop tokenized trading for more than 60 U.S. equities under the Innovation Exemption, with pairs against stablecoins and access limited to verified wallets on XLayer.
Bitcoin Magazine reports that Payward, parent of Kraken, signed a definitive agreement to buy Saldo Finance Oy and its banking subsidiary, securing an EU license spanning five markets. Closing is targeted for 2027 and would support deposit interest, loans, credit cards and banking-as-a-service products.
Standard Chartered announced bitcoin trading for affluent UAE clients on October 14, allowing direct purchases through bank accounts. The move positions the bank as the first international institution to offer the service in the country and extends its existing crypto operations in Luxembourg and Hong Kong.
A London court ruled that Chinese law governs claims over 61,000 bitcoin seized from a convicted fraudster, narrowing victims' recovery path, the Financial Times reported. The decision improves the U.K. government's chances of retaining most of the about £3.8 billion holding.
