🧵 Stable School News: Weekly roundup (June 13)
Policy is shifting. Adoption is rising. Infrastructure is expanding.
Here’s what moved in stablecoins this week: across the US, Europe, Asia, and onchain ecosystems 👇
1/ US stablecoin bill advances.
The Senate voted 68–30 to move the GENIUS Act to a final vote next week.
The bill would set federal rules for stablecoins, promote USD-backed innovation, and boost demand for treasuries.
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2/ @PayPal brings PYUSD to @StellarOrg.
Already live on @Ethereum and @Solana, PayPal’s stablecoin is expanding to Stellar to power cross-border remittances and real-time payment financing for SMBs.
Backed by @NYDFS, aimed at instant working capital.
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3/ Fortune 500 stablecoin interest triples.
29% of execs say they’re exploring stablecoins, up from 8% last year, per @Coinbase.
Why? Faster payments, lower fees, and global reach.
Stablecoin volumes hit $27.6T in 2024, outpacing @Visa + @Mastercard
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4/ Ondo brings tokenised treasuries to XRP Ledger.
OUSG, one of DeFi’s largest RWA funds ($692M), now supports minting/redemptions via @Ripple’s $RLUSD.
XRPL becomes the 4th chain to host @OndoFinance
, signalling growing institutional interest.
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5/ South Korea moves to legalize stablecoins.
President Lee Jae-myung pushes a 'Digital Asset Basic Act' to let local firms issue stablecoins.
Requirements: â‚©500M capital + reserve backing.
Over 1/3 of Koreans already trade crypto: demand is real.
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6/ Deutsche Bank explores stablecoins + tokenised deposits.
Germany’s largest bank may issue its own token or join an industry consortium.
With EU regs in place and US momentum building, TradFi is finally moving toward real onchain money use cases.
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7/ Uber eyes stablecoins for payments.
CEO @dkhos says @Uber is in the “study phase” of using stablecoins to cut cross-border payment costs.
“Super interesting to us… a practical benefit beyond store of value.”
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8/ Société Générale launches USD stablecoin
@SocieteGenerale’s crypto arm just rolled out $USDCV on Ethereum + Solana, with @BNYglobal
Mellon as custodian.
Aiming for 24/7 onchain settlement in USD + EUR, and targeting trading, FX, and payments.
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More policy shifts, launches, and adoption ahead. We’ll track what matters.
Same time next week.
Follow @Scroll_ZKP and @stable_summit for the next update đź‘€
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