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.
Research has indicated that existing stablecoins are still primarily used for trading crypto assets rather than everyday purchases.
Stablecoins remain relatively safe amid broader crypto volatility.
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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.
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.
Standard Chartered intends to launch digital asset custody services for institutional clients in Singapore. The expansion builds on existing operations in the UAE, Luxembourg and Hong Kong plus the 2025 establishment of a London crypto trading desk.
OKX attracted investment at a $25 billion pre-money valuation from Circle, Ripple, Standard Chartered’s venture arm and Qube Research. The round builds on prior support from Intercontinental Exchange and advances the firm’s tokenized asset and platform expansion plans.
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.
