MASTERCARD EXPANDS INTO STABLECOIN SETTLEMENT
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Mastercard announced plans to offer on-chain settlement using regulated USD stablecoins, initially supporting six options including USDC and PayPal's PYUSD. The move addresses growing demand for real-time money transfers.
■ MORE FROM THE CRYPTO DESK
Digital assets have reclaimed $3 trillion in market value for the first time since January, driven by Bitcoin's sharp rally. However, traders are increasingly using leveraged perpetual futures, raising concerns about market volatility.
The Trump administration is considering a new initiative to promote dollar-denominated stablecoins internationally, potentially including joint ventures with private companies, according to Bloomberg sources.
The SEC granted a five-year exemption for tokenized US stock trading on blockchain venues, bypassing Congress after the Clarity Act stalled in the Senate. Circle's chief strategy officer says regulators are advancing crypto policy independently.
Binance has committed $100 million to Circle Internet Group as the two crypto firms deepen their partnership. The investment extends their existing agreement around USDC, the dollar-backed stablecoin.