PayPal PYUSD has expanded its operations to Arbitrum’s blockchain network, addressing concerns about high transaction fees and slow processing speeds. The move has accelerated solutions for these issues, allowing users to perform faster and more cost-effective transactions. PayPal’s expansion was facilitated by changes to its terms of service document, which now explicitly mention Arbitrum network support across key operational areas. This shift has transformed strategic approaches towards multi-chain operations, allowing users to benefit from Arbitrum’s Layer 2 efficiency. Arbitrum blockchain technology has revolutionized transaction fee structures, addressing barriers to widespread PYUSD stablecoin adoption. Users can expect faster transaction confirmations and reduced costs when conducting PayPal PYUSD transfers on the network. PayPal’s Arbitrum integration has optimized the PYUSD stablecoin’s position as a more competitive option in the digital payments space, demonstrating how major financial institutions leverage multi-chain strategies to enhance user experience. The move validates Arbitrum blockchain as a viable platform for enterprise-level applications and may inspire other companies to follow PayPal’s lead in crypto stablecoin news development.
Bitget Wallet partners with MoonPay to launch a new fiat withdrawal feature that allows users to convert stablecoins directly into cash over 25 fiat currencies
Bitget Wallet has partnered with MoonPay to launch a new fiat withdrawal feature that allows users to convert stablecoins directly into cash. Through MoonPay, Bitget Wallet users can now sell USDT and USDC for more than 25 major fiat currencies, including USD, EUR, GBP, CHF, AUD, HKD and more, without relying on centralized exchanges. The launch also introduces fiat withdrawal functionality to Bitget Wallet for the first time. Accessible via Bitget Wallet’s “Sell Crypto” page, users in eligible countries can select their token and preferred fiat currency before completing the transaction via MoonPay’s platform. As part of the process, users complete identity verification (KYC) and select their withdrawal method through MoonPay, which facilitates crypto-to-fiat conversion and fund settlement. Supported payout options include Apple Pay and debit or credit cards via Visa and Mastercard. Once approved, funds are deposited directly to the selected payment method. All transactions undergo identity verification and AML checks, with most fiat withdrawals processed within minutes depending on the payment method. Users can monitor their transactions directly within Bitget Wallet and receive real-time updates via email. Users can buy crypto directly in Bitget Wallet, and spend their crypto through the in-app Shop section, crypto card, and QR code-based Pay feature. For those preferring to convert crypto back into fiat, the new sell feature enables direct withdrawals to supported payment methods.
Custody platforms are emerging as the core infrastructure for governing token operations through programmable rules, multi-layer approvals, role-based access, and integration-ready APIs for institutions navigating hybrid environments
Custody is the core infrastructure layer that makes institutional participation in digital assets not just possible but profitable. Modern custody platforms serve as critical mission-control layers, orchestrating transaction workflows, enforcing policy, supporting compliance and enabling the tokenization of real-world assets (RWAs) at scale. Ripple Custody is built for this new paradigm, enabling institutions, fintechs, and crypto businesses to govern token operations through programmable rules, multi-layer approvals, role-based access, and integration-ready APIs. Security is table stakes with Ripple’s system being ISO 27001-certified, SOC 2 audited, and supporting the most rigorous key management architectures on the market. However, its flexibility sets it apart, as it supports a range of deployment options, including on-prem, SaaS, or a hybrid of the two. This allows financial institutions to align custody models with internal policy, client demands, and jurisdictional requirements. The market for real-world asset tokenization is accelerating fast, with forecasts projecting the tokenized RWA market will grow from $0.6 trillion in 2025 to nearly $19 trillion by 2033. Ripple Custody is built with this reality in mind, enabling institutions to define multi-party approval flows, enforce transaction policies down to asset, role, and time-based rules, and lock in governance frameworks that reduce the risk of social engineering, collusion, and unapproved access. Bridging TradFi and Web3, Ripple Custody bridges both crypto-native and TradFi-oriented platforms. With over a decade of experience operating across crypto markets and institutional finance, Ripple brings a dual advantage: a deep understanding of blockchain infrastructure and a real fluency in bank-grade systems. Custody enables what comes next, as institutions move from tokenization theory to practice. It’s not about picking a vault; it’s about selecting a partner that can evolve with your business as strategies mature. Ripple Custody offers institutions a platform, not a black box, and strategic enablement. Custody systems must now support: Tokenized securities and bonds, with customizable workflows and strict governance; Money Market Funds and private credit, which demand real-time settlement, role-based access and policy-based controls; Stablecoins, with over $215 billion in circulation as of mid-2025, and growing relevance in cross-border treasury flows.
Talos’s integration of Coin Metrics’ crypto market data, blockchain analytics and benchmark indexes with its portfolio management system to create integrated data and investment management platform for institutional trading workflows in digital assets
Talos will acquire Coin Metrics, the provider of crypto financial intelligence. By incorporating Coin Metrics’ extensive crypto market data, blockchain analytics and benchmark indexes with Talos’s platform – a unified order and execution management (OEMS) and portfolio management system (PMS) – the combination will create the industry’s first integrated data and investment management platform. This acquisition aligns with Talos’s strategy of building the most comprehensive, one-stop solution for all institutional trading workflows in digital assets. The firms’ complementary services will create synergies for their collective clients, including streamlined access to advanced portfolio analytics, sophisticated risk monitoring, premium indexes and industry-leading execution capabilities. Anton Katz, CEO and Co-Founder of Talos said “By bringing our platforms together, we’re creating a fully integrated, one-stop solution that benefits the clients of both firms. Institutions increasingly look to us to support the entire digital asset investment lifecycle, from trading and portfolio management to market data, on-chain analytics, and portfolio construction.
DeFi platform Gnosis’s integration with Noah’s compliant payments infrastructure to power stablecoin adoption through regulated virtual USD accounts, real-time stablecoin-to-fiat conversion, free on/off-ramps, and cross-border payments
Noah, a regulated global payments infrastructure provider, and Gnosis, a leader in decentralized financial systems, announced a strategic partnership to power the next chapter of stablecoin adoption through seamless integration of real-world financial infrastructure with onchain tools. Noah Gnosis Stablecoin Integration marks a major step in bridging real-world finance with decentralized ecosystems. The partnership makes it possible to have regulated virtual USD accounts, on-chain stablecoin payments, and money transfers across borders. This makes DeFi easier to use for payroll, B2B transactions, and remittances. This collaboration introduces regulated virtual USD accounts for users in the United States and abroad, along with real-time stablecoin-to-fiat conversion, free on/off-ramps, and cross-border payment functionality across 70+ countries. By combining Noah’s compliant infrastructure with Gnosis’s user-centric onchain ecosystem, the partnership makes everyday financial tools like payroll, remittances, and B2B payments available through decentralized finance applications. By embedding compliant stablecoin infrastructure, the collaboration allows these users to transact in USD and stablecoins with full regulatory confidence. For users in emerging markets, it unlocks new access to U.S. dollar-denominated accounts and seamless payments to and from the U.S.—making it easier to earn, save, and do business globally without relying on traditional intermediaries.
GENIUS Act for stablecoins passes house on way to being first major U.S. crypto law
The first major crypto regulatory initiative in the U.S. is about to become law after the House of Representatives passed the stablecoin bill known as the GENIUS Act. The approval came directly on the heels of another major legislative accomplishment for the industry, when the House also passed the Clarity Act that would govern the oversight of the digital assets markets in the U.S. The first significant crypto bill is on its way to being signed into law after the U.S. House of Representatives passed stablecoin-regulating legislation known as the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which now gets forwarded to President Donald Trump. The landmark legislative achievement for the crypto industry marks a sharp turnaround from recent years in which the sector languished under resistant U.S. regulators and a Congress unable to finish policy efforts. And it follows close behind another major House action to pass the Digital Asset Market Clarity Act (known as “CLARITY”) — a bill that will establish a full set of rules over the wider crypto markets. The GENIUS Act passed 308-122. Because it arrived as a Senate bill with a 68-30 approval in that chamber, all it needs now is a presidential signature before it becomes the law of the land. Regulators can then begin establishing regulations for the conduct of stablecoin issuers — a field currently dominated by Tether’s USDT and Circle’s USDC but which has drawn a high level of attention from traditional financial institutions, including Wall Street banks. The legislative process again showed a large number of Democrats joining the Republican majority in favor of tailored regulations for the U.S. crypto industry.
Bitcoin DeFi has ballooned 20x since start of 2024 as builders bet on yield
A new report by Arch Network, shared with CoinDesk, shows that the total value locked (TVL) in Bitcoin-native protocols has surged from $307 million in January 2024 to $6.36 billion by mid-2025 — a 20-fold increase driven by lending apps, stablecoins, and institutional inflows. The data paints a picture of a shifting narrative away from “digital gold” and toward programmable, yield-bearing bitcoin. Lending and borrowing protocols are the most frequently cited usage protocols, mentioned by 59% of the respondents. Bitcoin-backed stablecoins followed (41%), then DEXs (32%) and real-world assets like tokenized real estate (29%). These aren’t speculative side bets — they’re early signs of product-market fit, especially for users who want access to liquidity without selling BTC. 36% still keep their Bitcoin in cold storage, citing a lack of confidence in current DeFi platforms. Another 25% avoid Bitcoin DeFi due to high perceived risk, while 60% of all respondents flagged smart contract exploits as the top security concern. “Bitcoin’s true potential lies beyond being a passive store of value,” Arch CEO Matt Mudano said. “Unlocking its liquidity is the next frontier.” “If even a fraction of Bitcoin’s $2 trillion market cap gets productive,” said DPI Capital’s Shahan Khoshafian, “the upside is massive.”
Wyoming tests use of state-issued stablecoin for real-time payments to government contractors
Wyoming reportedly tested its planned state-issued stablecoin, the Wyoming Stable Token (WYST), seeing how it could be used for real-time payments to government contractors. The state teamed up with blockchain startup Hashfire to use the stablecoin through the company’s Document Authentication Protocol, which is built on a custom Avalanche blockchain. In a Thursday post on X that linked to the CoinDesk article, Avalanche said: “From 45 days to a few seconds — that’s 99.99995% faster. Wyoming just tested real-time contractor payments using its state-issued stablecoin, WYST, using [Hashfire] on Avalanche.” In a reply to that post, Hashfire said: “So fast.” Hashfire said in a May 22 post on X that it was launching a pilot program using the Wyoming Stable Token to pay vendors. “This innovative initiative enables businesses doing vital work for Wyoming citizens to execute agreements and receive payments instantly, boosting liquidity and working capital,” Hashfire said. It was reported in August that Wyoming was developing its own U.S. dollar-backed stablecoin to be used for consumer payments. Advocates of the Wyoming Stable Token said it will provide a faster and cheaper way for individuals and businesses to transact, will create a new revenue stream for the state and may serve as a model for a stablecoin at the federal level.
BVNK’s integration of its embedded stablecoin wallets with Bitwave’s SOC-compliant tax, accounting and compliance platform to enable finance teams to send and receive stablecoin invoice payments with compliance, security, and speed
BVNK announced a strategic partnership with Bitwave, the enterprise digital asset finance platform. The integration will empower enterprise finance teams to send and receive stablecoin invoice payments with compliance, security, and speed. Together, BVNK and Bitwave are redefining what’s possible for modern finance operations by embedding stablecoin wallets with Bitwave’s SOC-compliant tax, accounting and compliance platform. BVNK delivers stablecoin-native infrastructure for global financial services, powering the flexibility and control enterprises need to modernize their payment operations. Through this integration, Bitwave customers will gain access to BVNK’s embedded stablecoin wallets to: Pay invoices in USD, settle in stablecoins; Accept payments in stablecoins, receive fiat; Simplify reconciliation and automate GAAP/IFRS reporting; Access automated workflows for simplified tax, accounting, and compliance. This capability allows finance teams to take advantage of the speed and efficiency of blockchain-based payments without sacrificing audit-readiness or security. By bringing stablecoin-native infrastructure into Bitwave’s accounting and finance stack, the partnership enables finance teams to: Accelerate settlement cycles; Modernize treasury operations; Eliminate the complexity of manual financial reporting workflows
BIS opines stablecoins might require a more restrictive regime than in traditional finance due to lack of established safeguards and a tailored regulatory approach with technological neutrality
The growing ties between stablecoins and the traditional financial system pose risks to financial integrity and financial stability, the BIS said in one of the key takeaways from a bulletin. The BIS also said the use of foreign currency-denominated stablecoins could threaten monetary sovereignty and the effectiveness of current FX regulations, and there is a need for regulatory approaches that are tailored to stablecoins. As for the policy response required by stablecoins, the bulletin said that while regulatory frameworks are often confined to jurisdictional borders, stablecoins transact around the world. A regulatory framework tailored to stablecoins could leverage the information provided by blockchains to combat money laundering and other unlawful activities, the bulletin said. It also suggested that there’s a need for international cooperation and technological neutrality in regulation. “Bespoke frameworks need not imply a reduction in regulatory stringency,” the bulletin said. “On the contrary, since many entities within the stablecoin ecosystem operate without established safeguards, a more restrictive regime may be necessary than in traditional finance, where such safeguards are in place.” The organization suggested that a tokenized unified ledger developed by central banks and public authorities will enhance efficiencies without the shortcomings of stablecoins.