Hi all, this is my last edition of the Money Code newsletter.
We started in early 2025 as The Weekly Stable under This Week in Fintech. Stripe had acquired Bridge, Circle was gearing up for its IPO, and discussions around the GENIUS Act were moving fast. Across finance, people were asking what stablecoins were and what they meant for their businesses. We've come a long way since then and it has been rewarding to watch early ideas reach production, with startups and large institutions putting blockchain technology to work. There’s still plenty to understand about which technologies fit which uses, but I’ve enjoyed helping make sense of it with you.
Thank you to Nik for the opportunity to write this newsletter, and to all of you for reading and sharing your feedback. I’ve appreciated the chance to follow this market with you.
I'll still be very much involved in stablecoins and the digital asset industry, so to stay up to date with what I’m doing next, feel free to follow me on LinkedIn or X, or drop me an email at [email protected]
See below for a round up of product launches, partnerships and funding news from Birch Hill, Predicate, trade[XYZ], Bitget Wallet, BlackRock, DTCC, Google, HSBC, Robinhood, SoFi and more.
For feedback or suggestions, reply to this email, find Chuk and Stablecon online, or join the Stablecon community on Telegram.
📊 Market Trends
💸 Fundraises and M&A
🚀 Product Announcements & Partnerships
Bitget Wallet launches USD and EUR virtual accounts with Noah, converting deposits to stablecoins (read more)
BlackRock joins SBI and Startale to link tokenized MMFs with Japanese yen stablecoins (read more)
DTCC launches tokenization service on Canton and Besu for eligible stocks, ETFs and US Treasuries (read more)
Google previews institutional MPC security service for digital assets (read more)
HSBC launches HKD stablecoin RedCoin through PayMe (read more)
Hong Kong launches regulated 24/7 trading of retail tokenized money market funds (read more)
Jack Henry plans Google Cloud Universal Ledger integration for tokenized deposits (read more)
Janus Henderson and Centrifuge launch Nasdaq-licensed JQQQ fund on Stellar (read more)
Robinhood taps Ripple’s $2.5 billion RLUSD stablecoin despite backing rival USDG (read more)
SoFi launches SoFi Earn (SOFIE), a tokenized deposit paying variable 4.4% (read more)
⚖️ Regulatory Developments
Canada opens consultation on draft stablecoin rules, maintains ban on yields (read more)
Circle Urges SEC to Ease Stablecoin Rules in Crypto Fundraising Proposal (read more)
Intel, Oracle, IBM join growing list of firms objecting to OKX–ICE tokenized stock plans (read more)
Kraken parent Payward plans CFTC-regulated Hyperliquid markets, subject to approval (read more)
OCC calls on community banks to enter the stablecoin payments market (read more)
Ripple gets a final go-ahead to launch its own U.S. national trust bank (read more)
Singapore, Malaysia and Thailand central banks expand cross-border stablecoin initiative involving Ripple, Visa and Mastercard (read more)
South Korea to amend forex law to regulate stablecoins as payment instruments: report (read more)
💼 Stablecoin Jobs
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