Financial services company Western Union plans to launch a pilot version of a stablecoin-based settlement system for more than 150 million customers.

Japan has launched the world’s first stablecoin pegged to the yen. The cryptocurrency, called JPYC, was developed by the startup of the same name, Reuters reports. The stablecoin is backed by bank deposits and Japanese government bonds (JGBs).

Deputy Governor of the Bank of Japan, Ryozo Himino, stated that stablecoins will play an important role in international payments and the global financial system.

The total volume of stablecoin transfers reached a record $15.6 trillion in Q3 2025, expanding the overall market to more than $300 billion. Net inflows exceeded $46 billion, with USDT, USDC, and Ethena USDe emerging as the main beneficiaries of the growth.

Stablecoin transaction volume rose to a record $15.6 trillion in Q3 2025, with most operations driven by automated trading bots. Cex.io’s report states that the total stablecoin supply increased by $45 billion (+18%) during the quarter, expanding the overall market to over $300 billion.

The Ethereum Foundation has converted 1,000 ETH, worth nearly $4.5 million, into stablecoins. The transaction was executed via CoWSwap using a TWAP (Time-Weighted Average Price) strategy to minimize market impact and support the organization’s DeFi-focused mission.

According to Circle, the Asia-Pacific region is the fastest-growing stablecoin market: between June 2024 and June 2025, on-chain stablecoin transactions totaled $2.4 trillion.

Visa announced that the service will be focused on partners using stablecoins USDC and EURC. Specifically, companies will be able to top up their Visa Direct balances with these tokens, avoiding additional blocking of funds in fiat currency. On the recipient’s side, stablecoins will be converted into local currency.

According to Moody’s, the excessive spread of virtual coins pegged to fiat assets could weaken central banks’ control over lending rates and the stability of national currency exchange rates.

Cloudflare, the cloud infrastructure provider, will release its own stablecoin featuring instant transfers.

Cryptocurrency

A new consortium comprising Unicredit, ING, Dekabank, Banca Sella, KBC Group, Danske Bank, SEB, Caixabank, and Raiffeisen Bank International aims to provide a European alternative to ensure “strategic autonomy in payments.”

The supply of stablecoins has reached an all-time high of $283.2 billion, and this is not the sector’s only record. According to Token Terminal data, the number of monthly stablecoin senders hit 25.2 million, also the highest level in history.

The issuance and management of the native stablecoin are carried out through the Bridge platform, acquired by Consensys in February, as well as the decentralized platform M0. The stablecoin’s liquidity is backed by U.S. Treasury bond reserves, the project team assured.

Cryptocurrency company Tether plans to launch a U.S. stablecoin called USAT, designed specifically for American residents, CEO Paolo Ardoino announced Friday at a press conference in New York.

The investment in Tetra Digital marks the first-ever crypto project funding by one of the country’s “Big Six” banks. Previously, fintech firms Urbana, Shakepay, ATB Financial, Purpose, Wealthsimple, and Shopify had already joined the Canadian stablecoin initiative. The name of the new digital asset and the exact stakes of institutional investors in Tetra Digital have not yet been disclosed.

Binance continues to strengthen its leading position in stablecoin holdings. Overall, stablecoin liquidity on centralized exchanges has reached a record $68 billion.