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Stripe Launches New Stablecoin to Revolutionize Cross-Border Crypto Payments

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  • Stripe tests new stablecoin product for businesses outside major markets
  • Stripe’s $1.1B Bridge acquisition powers new global payment solution
  • Stripe’s stablecoin initiative accelerates its global crypto payments expansion

Stripe, a major global payments platform, has announced plans to launch a new stablecoin product. Stripe will use Bridge stablecoin payments network, which it acquired  in October 2024, to test the product. Stripe intends to expand the adoption of US dollar-backed stablecoin outside the current United States, Europe and UK markets.

Stripe’s stablecoin product comes after the firm acquired Bridge for $1.1 billion. Stripe CEO Patrick Collison announced the initiative on X and stated the planning for the product has taken about a decade. With the Bridge’s infrastructure, Stripe seeks to deliver cross-border payments and compete with established traditional financial systems like SWIFT.

Bridge streamlines global money transfers using stablecoins to compete with traditional financial institutions. The firm was founded by former Coinbase employees, Zach Abrams and Sean Yu in 2022. The acquisition bolsters Stripe’s initiative to integrate cryptocurrencies in its payment framework.

Stripe Crypto Market Expansion

Stripe continues to expand its crypto operations and has launched stablecoin payments in more than 70 countries. The company aims to provide fast, low cost and accessible cross-border payment solutions to businesses. Stripe has received regulatory approval to expand its business operations across the world.

The adoption of stablecoins has recently seen substantial growth especially in the financial operations of many companies and countries.  Stripe’s stablecoin product enables businesses to access digital assets that are backed by stable fiat currencies such as the US dollar.

Stripe has partnered with Coinbase to enable fiat to crypto conversions which strengthens its position in the cryptocurrency industry. In 2024, Stripe introduced crypto payments which enables customers to make payments using USDC and Pax Dollar on Ethereum, Solana and Polygon blockchains. This initiative is part of Stripe’s efforts to develop seamless cross-border crypto payment solutions.

Stablecoin Market Growth

Stripe’s new product positions it as a major player in the stablecoin market. The company aims to leverage stablecoins to boost innovation in financial services as well as provide fast and low cost transactions across the world.

The stablecoin market has witnessed increased interest from regulators and industry players as well as massive growth with a current value of $237.5 billion in market capitalization. 

As stablecoin regulations become more established, Stripe’s current approach could set a precedent for other payment companies. 

Ripple’s RLUSD Stablecoin Sees $76M Growth on Aave in Just 4 Days

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Key Takeaways

  • RLUSD hits $76M on Aave in just four days, signaling rapid adoption.
  • Stablecoins like RLUSD bridge traditional finance and DeFi with real-time settlement.
  • Ripple’s enterprise-grade approach sets RLUSD apart in cross-border payments.

In just four days, Ripple USD (RLUSD) amassed $76 million in deposits on Aave, marking a major milestone for the enterprise-grade stablecoin. Aave, the dominant decentralized liquidity protocol, officially integrated RLUSD into its V3 Ethereum Core market on April 21, allowing users to supply and take out the asset.

This integration has marked a new era for RLUSD, indicating increasing demand from decentralized finance (DeFi) users and institutional investors.

The quick growth of the deposits indicates high early adoption, spurred by the promise of stability, compliance, and liquidity in RLUSD. Aave’s backing notably increases the utility of RLUSD throughout DeFi, providing users with access to yield generation and borrowing against collateral while retaining exposure to a regulated stablecoin.

DeFi market strategist Jamie Coutts indicates the growth also comes from increasing user preference for stablecoins, particularly those issued under a regulatory charter, as being trusted and transparent.

The incorporation of RLUSD fits into Ripple’s wider vision to revolutionize cross-border payments via stablecoins. Given Ripple Payments’ existing processing volume of over $70 billion in 90+ markets, the incorporation of RLUSD into traditional financial and DeFi ecosystems increases its usability and applicability.

Stablecoins as Payment Rail Disruptors

Stablecoins are redefining the worldwide payment landscape by providing a faster, more efficient, and more stable substitute to traditional financial infrastructure.

Purposed to maintain a stable value, generally fixed to hard currencies such as the USD, stablecoins allow for real-time settlement at very low costs, imparting operational effectiveness to businesses and financial institutions alike.

Ripple positions RLUSD as the better alternative for business-level transactions. Compared to most stablecoins designed for retail purposes, RLUSD is backed 1-for-1 by USD reserves and government bonds and cash equivalents.

Issued under a New York Limited Purpose Trust Charter and audited on a monthly basis, the compliance-driven nature of RLUSD positions it particularly well for cross-border applications and treasury use.

Stablecoins are transforming into essential financial tools, acting as on-ramps to digital platforms while maintaining the stability of the dollar, according to Coutts.

Ripple’s Institutional-First Strategy

Ripple’s strategy in RLUSD prioritizes business utility. From partnerships with platforms such as Revolut and Zero Hash to actual business applications with organizations such as BKK Forex and iSend, RLUSD is designed for scalability.

Seamless conversion between stablecoins and fiat currency is facilitated in Ripple’s ecosystem, allowing businesses to settle, manage liquidity and access DeFi markets through a single infrastructure.

Smart contract compatibility, 24/7 settlement, and clear auditing make RLUSD a choice asset for regulated institutions. With stablecoin regulation models ripening all over the world, Ripple’s focus on compliance and transparency puts RLUSD in a position of strength.

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ING Moves to Launch Euro Stablecoin in Compliance with MiCA Regulations

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  • ING collaborates with others to launch a euro stablecoin under MiCA rules.
  • MiCA regulations push ING and others to create compliant euro-backed stablecoins.
  • ING’s euro stablecoin initiative marks a significant move in the digital asset space.

According to reports, ING Bank, one of the largest banking institutions in the Netherlands, is reportedly planning to roll out a euro-denominated stablecoin. In its early stages, the project is being developed in cooperation with several other banks within a larger consortium effort. 

Sources familiar with the matter said banks await board approvals and regulatory clearances to create a joint entity for the stablecoin initiative. The involved financial institutions are taking cautious steps into the emerging digital asset space, with ING declining to comment on the details of the project.

Growing Competition and Regulatory Push

The European Union Markets in Crypto-assets (MiCA) regulation is starting to change the world of digital assets in the region. The MiCA, which came into effect this year, is supposed to be a clear and structured framework for stablecoins’ issuance in the European market. These regulatory changes create a safer and more transparent framework for euro-stablecoins. Furthermore, attracting growing interest compared to U.S. dollar-pegged stablecoins in the market.

The stringent rules of MiCA have also resulted in major players such as Tether leaving the euro-denominated stablecoin space opening the space for more regulated offers. ING’s attempts to launch a euro stablecoin show the growing interest among European banks in capitalizing on this shift in payments. 

Although ING’s stablecoin is not yet available the bank is conducting its operations under MiCA’s regulatory framework, which seeks to enhance transparency and the stability of financial markets. The move signals a big leap forward for ING, as it seeks to follow in the footsteps of other banks wanting to innovate in the digital currency market.

Competition and Opportunities in the Euro Stablecoin Market

Despite its recent stablecoin project, ING Bank continues to develop as one of multiple major European banks that introduced euro-backed stablecoins. Société Générale established itself as Europe’s largest bank to introduce a stablecoin backed by the euro currency through its digital asset subsidiary SG FORGE. 

ING’s involvement in the stablecoin market sets the stage for others to follow. Additionally, it is a sign that the competition between European banks in this market is heightening. If successful ING’s adoption of euro stablecoins will further strengthen the availability of regulated stablecoins in Europe.

With the European Central Bank (ECB) digital euro programme still yet to be fully approved, private banks are filling the void with their stablecoin initiatives. This opportunity presents ING and other financial institutions with an opportunity to be the first to offer a safe, regulated, and efficient euro-backed stablecoin, which is likely to be widely adopted in Europe if the demand for digital assets continues to grow in the region.

Russia Eyes Stablecoin Solution to Reduce US Dollar Dependency Amid Sanctions

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  • The Russian Finance Ministry proposes a stablecoin to mitigate financial sanctions and trade hurdles.
  • Tether’s wallet freeze highlights Russia’s need for domestic stablecoin alternatives.

A senior Russian official has pushed for the development of a stablecoin backed by Russian rubles after Tether froze crypto assets belonging to Russian users. In March 2025, Tether froze wallets connected to Garantex, a Russian crypto exchange, and froze USDT worth more than $30 million. 

The wallet freezes pushed Russian officials to examine why their country depends on foreign stablecoins, including USDT and USDC, which are linked to US dollar values. According to Osman Kabaloev, deputy head of the Finance Ministry’s financial policy department, Russia should create its own to minimize dependence on foreign regulatory authorities and external sanctions.

Russia’s Push to Create Digital Alternatives

Tether’s freeze of assets highlights the growing pressures Russia faces due to Western financial sanctions. In response to these challenges, Russian officials are considering creating digital currencies pegged to the ruble or other foreign currencies. 

This move aligns with Russia’s broader objective to move away from reliance on dollar-backed stablecoins and support international trade without the interference of US-based financial institutions. Russia’s exploration of a ruble-pegged stablecoin is not entirely new. 

In 2023, the Russian central bank discussed the possibility of collaborating with Iran to create a gold-backed digital currency for cross-border transactions. While developing a ruble-backed stablecoin would serve a similar purpose, it would also address immediate concerns about freezing crypto assets by third parties like Tether.

Impact on Russian Businesses and Crypto Adoption

The crypto wallet freezing prompted numerous Russian businesses to reassess their usage of USDT for cross-border payments. The growing economic restrictions on Russian companies have prompted the search for alternative payment methods, including stablecoins, as necessary tools to sustain international trade. 

Russian authorities permit select companies to evaluate crypto-based payment systems for international transactions despite their objections to their use for domestic deals. This restricted study evaluates digital payment alternatives as a way to bypass financial restrictions imposed by Western nations.

Despite these efforts, the Tether incident revealed the risks of using stablecoins whose backing comes from abroad. The Russian government is working to protect its financial network by creating a digital currency managed by the state that operates free from international interference. This plan will likely succeed as Russia faces mounting financial constraints from the Western nations.

DWF Labs Invests $25M in Trump-Backed WLFI, Fuels USD1 Stablecoin Growth

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  • DWF Labs invests $25M in WLFI for USD1 stablecoin governance.
  • New York office marks DWF Labs’ deeper engagement with the U.S. market.
  • DWF Labs to provide liquidity for USD1 stablecoin across platforms.

DWF Labs, a Web3 investment firm , has invested $25 million into World Liberty Financial (WLFI). The investment is part of DWF’s expansion in the U.S. market after it established a new office in New York City. The firm aims to strengthen its position in U.S. markets through direct interactions with financial institutions and regulators, as well as colleges, to promote cryptocurrency education.

DWF Labs Investment

DWF Labs has made this investment as part of its plan to support decentralized finance (DeFi) projects. WLFI , which is sponsored by U.S. President Donald Trump and his family, recently launched its USD1 stablecoin. The USD1 stablecoin is backed by short-term U.S. Treasury bills as well as various U.S. dollar-equivalent assets.

This collaboration allows DWF Labs to obtain governance rights in WLFI through the purchase of its tokens. The stake provides DWF governance power to influence the development of the protocol and its success. Moreover, DWF will use its extensive trading infrastructure to provide liquidity for the USD1 stablecoin across centralized and decentralized platforms.

World Liberty Financial USD1 stablecoin

WLFI launched the USD1 stablecoin on March 24, 2025, which targets institutional investment markets. The coin will meet the increased demand for a stable dollar-backed asset from major institutions and sovereign investors. DWF Labs plans to facilitate USD1 stablecoin integration and increase liquidity in its ecosystem.

WLFI has attracted over $600 million in funds since its launch in September 2024, and DWF’s investment stands as one of the largest contributions. Moreover, the firm received investments from Tron Founder Justin Sun and investment platform Web3Port. WLFI obtained $300 million from its first token sale, and a subsequent sale raised $250 million.

DWF Labs’ Market Expansion

The U.S. market entry marks a strategic move for DWF Labs to strengthen its relationship with regulatory authorities and bolster its position in the financial landscape. The DWF’s New York office seeks to develop institutional partnerships with banks, asset managers, and fintech firms. Moreover, it will provide a hub for cryptocurrency education and innovation.

DWF Labs’ investment positions it as a major player in the DeFi and stablecoin sectors. The WLFI partnership offers the firm governance rights as well as supports its efforts in the future of cryptocurrency. This cooperation aims to speed up development and institutional adoption of USD1 in the U.S. markets.

Tron Soars with a $1.52B Surge in Stablecoin Supply, While Ethereum Faces $1.02B Decline

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  • The supply of stablecoin on Tron has significantly increased by over $1.52 billion in the last seven days, showing investors shifting from Ethereum to Tron.
  • The total market cap of stablecoin is valued at $232.29 billion, with Ethereum holding 52.67% and Tron directly following with 29.36%.

Tron has strengthened its role as one of the top networks in the crypto space for stablecoin movement, pulling in about $1.52 billion in the last seven days. At the same time, Ethereum has seen a sharp drop of $1.02 billion, which is the biggest loss among major chains.

The crypto market, as usual, is experiencing a major shift as stablecoin users move away from Ethereum [ETH] and turn to Tron [TRX]. With the growing frustration over high fees and Ethereum network congestion, many are now choosing platforms that offer quicker and cheaper transactions.

According to Lookonchain, Tron saw a rise in stablecoin use in the last seven days, with $1.52 billion worth of USDT and USDC entering into its decentralized finance space. This boost shows Tron’s consistent growth in stablecoin use and suggests the possibility of strong momentum throughout the month. A week earlier, on April 7, the network gained about $396 million, while its competitor, Berachain, faced a $269.56 million drop.

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Tron Soars with a $1.52B Surge in Stablecoin Supply, While Ethereum Faces $1.02B Decline 2

According to DeFiLlama, the total market cap for stablecoin stands at $232.29 billion. Ethereum leads with approximately 52.67% of that total, while Tron follows closely with a 29.36% share, both amounting to $68.18 billion.

Although Ethereum remains a key player for DeFi tools and large-scale crypto use, it has been facing a consistent decline in stablecoin volume in recent months. The latest $1.02 billion decline continues this trend, coming after a $1.01 billion loss on March 24.

Tron’s Growth Triggers Change Across Other Blockchains

Beyond Tron, other blockchain-based platforms like Hyperliquid [HYPE], Toncoin [TON], and Arbitrum [ARB] are also benefiting from the increasing movement of Tron supply.
At the same time, other chains like Avalanche, Base, and Solana [SOL] are facing significant declines as more liquidity moves to systems designed for fast, stablecoin-focused use.

This shift is normal in the blockchain space, but more importantly, it reflects a market that values real utility and better performance over hype.

Ethena Labs Exits Germany After BaFin Blocks USDe Stablecoin Operations

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  • Regulations and compliance difficulties led Ethena GmbH to suspend activities.
  • USDe stablecoin, with a $4.92B market cap, is now managed under a BVI-based entity.
  • MiCA challenges force Ethena Labs to cease German subsidiary activities.

Ethena Labs decided to discontinue its German company, Ethena GmbH, after facing regulatory hurdles regarding the USDe stablecoin, which is dollar-pegged. The move follows Germany’s Federal Financial Supervisory Authority (BaFin) detecting major compliance issues related to the stablecoin.

As part of the agreement with BaFin, Ethena Labs will no longer pursue authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCA). This move highlights the growing European scrutiny on crypto assets, particularly for stablecoin issuers.

BaFin’s Regulatory Action Against Ethena GmbH

According to BaFin, on 21 March 2025, Ethena GmbH had to stop all USDe minting and redemption activities. The regulator expressed security law concerns and compliance-related failure issues related to the stablecoin’s operations. The German financial watchdog also froze the reserves associated with the stablecoin and prohibited any further customer onboarding. Ethena Labs confirmed that all USDe minting and redemption processes have since been transferred to its British Virgin Islands (BVI) entity, Ethena Limited.

This regulatory action comes as stablecoin regulation is becoming a focal point in the European Union. The MiCA framework ensures stablecoins meet stringent standards, including maintaining adequate reserves and segregating users’ assets. Ethena’s failure to comply with these standards led to the company’s decision to wind down its operations in Germany.

MiCA’s Impact on Stablecoin Issuers in the EU

Ethena Labs is not the only company facing challenges under the EU’s MiCA regulations. Tether (USDT) and Binance’s BUSD stablecoin have also encountered significant hurdles. Both failed to meet MiCA’s reserve backing requirements, resulting in Tether’s exclusion from EU markets and Binance’s delisting of BUSD from EU exchanges.

Despite these challenges, Circle’s USDC has remained operational within the EU after receiving MiCA approval. However, Circle has scaled back its USDC offerings in the region, further reflecting the regulatory constraints that stablecoin issuers face in Europe.

The decision of Ethena to exit the German market represents the third stablecoin issuer, that failed to secure MICA approval, leading to its EU operations’ termination. The regulatory requirements of MiCA are becoming more complex for crypto projects because they show a rising challenge in meeting the framework’s consumer protection and financial stability objectives for the European Union’s crypto landscape.

The EU regulatory push toward stricter oversight threatens to indefinitely prolong future challenges for Ethena Labs and other stablecoin issuers. EU officials are increasingly worried about U.S. dollar stablecoins dominating the market, which has led to discussions about launching a central bank digital currency (CBDC) such as the digital euro. Stricter EU regulations will likely transform the stablecoin market because compliance challenges will be more challenging for non-compliant projects within the EU territory.

Ripple Confirms Euro-Backed Stablecoin Launch on XRP Ledger

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  • Ripple partners with SocGen to issue Euro-CV stablecoin on XRPL
  • MiCA regulation boosts demand for Ripple’s tokenization tools
  • Ripple’s custody tech powers bank-grade digital infrastructure

Ripple’s European division has confirmed plans to launch a Euro-backed stablecoin on the XRP Ledger. The stablecoin initiative will be spearheaded by SocGen Forge, the digital asset subsidiary of the French bank Société Générale. The announcement was made at a panel discussion in the Paris Blockchain Week 2025.

Ripple initially partnered with SocGen Forge to develop a digital asset custody infrastructure. This partneship now includes the issuance of a regulated stablecoin. This positions XRP Ledger as an essential infrastructure in the stablecoin market.

The Euro-CV stablecoin will operate on the XRP Ledger to ensure compliance with regulatory requirements and enhance scalability. The initiative builds on the recent launch of Ripple’s RLUSD stablecoin. These efforts aim to boost XRPL acceptance as a financial platform for institutional use.

Ripple’s Custody Solutions

Ripple’s blockchain infrastructure provides institutions with custody management, tokenization features and payments solutions. These components support the regulated digital finance ecosystem. Ripple’s new infrastructure aims to serve banks, asset managers and fintechs in Europe.

Ripple has shifted its focus to custody since it acquired custody technologies in 2023. The company considers custody as an important tool for secure asset management and tokenization. Ripple offers financial institutions tools to tokenize assets such as money market funds on approved blockchain networks.

Ripple is committed to develop bank-grade custody in order to support enterprise and institutional users. The approach aims to meet the increased market demand for tokenized financial products. Ripple’s framework enables banks to build secure and scalable blockchain-based services.

Expansion into Tokenization Services

The European Union established the MiCA regulation which provides clear legal guidelines for crypto initiatives. This has motivated more institutions  to integrate blockchain services. The implementation of MiCA regulation has increased the demand for Ripple’s tokenized services and blockchain-based financial solutions.

Ripple’s Managing Director for Europe stated that custody is the initial step in digital asset adoption. Institutions require reliable systems before venturing into tokenized securities, payments or digital currencies. Ripple’s platform addresses these requirements for regulated use.

Institutional Interest in XRPL

The XRP Ledger competes with Ethereum and other platforms in the stablecoin market. Ripple believes its blockchain platform offers low-cost and scalability which errands it a competitive advantage. A Euro-backed stablecoin launch could attract more institutional interest in XRPL.

Ripple aims to establish an end-to-end digital finance infrastructure across Europe. The company continues to form partnerships with regulated institutions to offer blockchain-based services. Ripple partners with regulated institutions to promote adoption as well as adhere to different regulatory frameworks.

TRON Dominates Stablecoin Transfers and Growth in USDT Activity

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  • TRON’s network is largely driven by stablecoin transfers, with over 99% of all its trading activity coming from USDT transactions and most of it peer-to-peer.
  • In 2024, TRON reached its highest Tether (USDT) trading activity, processing about $17.9 million in transfers and 5.46 trillion in DeFi and trading.

TRON has become one of the leading blockchain platforms that is largely driven by the use of stablecoins and wallet-to-wallet transfers, which are some of the key contributors to its network activity.

Lately, the platform has gained more users’ attraction due to the introduction of zero-gas USDT transfers, which makes transactions more efficient and cost-effective for users.

According to data from Messari, over 99% of TRON’s network activities come from stablecoin transfers. A large majority of those transactions are peer-to-peer, where users send and buy tokens directly with each other without a third-party intervention. Messari also noted that only a small percentage of all the transactions are directed to exchanges or used with DeFi protocols.

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TRON (TRX) Growth in USDT Transactions and Market Stability

In 2024, TRON (TRX) reached its highest level of Tether (USDT) activity. It processed an average of $17.9 million in token transfers, while DeFi and trading volume growth totalled about $5.46 trillion. Recently, the figures have gone way higher as TRON now reports over 9 million daily transactions, with more than 2.38 million in USDT transfers.

The transfer volume for USDT fluctuates between $14 billion and $28 billion in 24 hours, and this is highly dependent on market conditions. The chain is also attracting attention for its deflationary native token TRX, which is priced at $0.23. It has remained one of the least volatile altcoins during the recent market crash.

Despite having just a few use cases that are beyond payments, TRON’s on-chain metrics have constantly been increasing. The network still holds one of the smallest DeFi sectors, and its meme tokens are confined to its native blockchain.

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Stablecoin Activity Soars to $72B as SEC Declares Key Tokens Are Not Securities

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  • Daily stablecoin usage has surged, with over 300,000 active addresses and $72 billion in on-chain volume.
  • The SEC has formally excluded certain reserve-backed stablecoins from being classified as securities.
  • “Covered Stablecoins” must maintain a 1:1 USD backing with liquid, low-risk assets held in reserve.

The crypto world witnessed a major upswing this week, with stablecoin activity climbing to remarkable heights. According to data from blockchain analytics firm IntoTheBlock, daily active addresses for stablecoins surpassed 300,000, a figure not seen since early 2024.

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Similarly, on-chain stablecoin transaction volume reached a staggering $72 billion on Thursday, marking the highest level since February. This surge suggests renewed confidence and utility in stablecoins, especially amid volatile market conditions.

Experts attribute the spike to increased usage in cross-border transactions and DeFi protocols, where stablecoins offer a haven from broader crypto market fluctuations.

The data reflects a growing trend: stablecoins are evolving from trading tools into foundational instruments for mainstream financial activity, particularly in remittances, yield strategies, and real-world payments.

Covered Stablecoins Must Maintain Transparent Reserves

In a major regulatory development, the U.S. SEC released a formal statement on Friday, clarifying its position on certain types of stablecoins.

The agency affirmed that reserve-backed, USD-pegged stablecoins meeting specific criteria, now defined as “Covered Stablecoins”, do not qualify as securities under existing federal law.

This statement is expected to shape how these assets are issued, marketed, and used in the U.S. financial system. 

Covered Stablecoins must maintain a one-to-one peg with the U.S. dollar, be redeemable at that rate, and be fully backed by low-risk, liquid assets held in a segregated reserve.

According to the SEC’s Division of Corporation Finance, issuers of Covered Stablecoins are not required to register the minting or redemption of these assets under the Securities Act of 1933.

This move provides both legal clarity and operational assurance to issuers and users alike.

Stablecoin Liquidity Ensured Through Segregated Assets

A defining feature of Covered Stablecoins is the transparency and integrity of their reserve structure. Issuers are expected to maintain a reserve of assets equal to or greater than the circulating supply of stablecoins.

These reserve holdings must be kept in a form that provides ready liquidity for redemptions and may not be commingled with operational or risk-taking financial activities. The definition of the SEC also focuses on the fact that Covered Stablecoins are not offered as investment products, a critical consideration in establishing that the coins are non-security instruments.

Rather, they are strictly defined as payment tools, money transmission, and value storehouses. Some issuers in certain cases make “proof of reserves” available in order to give additional accountability to their users and regulators.

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