J.P. Morgan, Standard Chartered, DBS, Anchorage Digital, and Kasikornbank are among the founding or existing banking and crypto institutional participants in Singapore's BLOOM initiative.

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Polygon Labs expanded its Open Money Stack payment infrastructure to support the Solana blockchain network

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223 million USDT moved from Bitfinex to the Tether Treasury

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DBS Bank and Citi completed a weekend cross-border U.S. dollar payment between Singapore and New York in minutes using tokenized deposits through the Swift Digital Ledger.

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The October 26, 2026 BloomTrading drain primarily targeted SOL holdings while leaving USD Coin (USDC) stablecoin balances untouched in affected wallets.

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DBS executive Lim Soon Chong noted that stablecoins offer higher fungibility across payment intermediaries but present greater challenges for anti-money laundering compliance compared to bank deposits.

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DBS Bank launched its DBS Token Services platform in 2024 to enable programmable payments and round-the-clock settlement using permissioned blockchain infrastructure.

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Dollar-backed stablecoins could expand global reach of the U.S. dollar while diminishing other countries' control over their national currencies.

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The DBS survey found that fiat-pegged stablecoins are the most widely adopted tokenized instrument among corporate respondents at 63%, ahead of tokenized deposits at 53% and tokenized money market funds at 52%.

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Tokenization of real-world assets and stablecoins could enable faster cross-border payments, near-instant settlement, and improved collateral utilization.

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Solana Foundation Chief Product Officer Vibhu Norby reported that Solana processed over $5 trillion in stablecoin transaction volume during 2026.

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Kira CEO Edrizio De La Cruz stated that working with Polygon enables the firm to convert existing Solana stablecoin transfers into bank dollars for international supplier payments.

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Cross-border payments firm Kira became one of the first companies to adopt Open Money Stack's Solana integration to convert clients' stablecoin transfers into US dollars for supplier payouts.

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Open Money Stack supports cross-chain routing and conversions across Solana, TRON, Ethereum, and EVM-compatible networks for assets including USDC, USDT, and PYUSD.

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The Solana integration enables businesses to process bank deposits, convert fiat to stablecoins, manage embedded wallets, and issue payouts to US bank accounts via a single API.

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Token Terminal data showed Solana recorded $5.76 trillion and TRON recorded $6.94 trillion in stablecoin transfers between January 1 and October 27, 2026.

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World Liberty Financial and BitGo collaborated to freeze $27 million in USD1 stablecoins and $2 million in WLFI tokens tied to the Binance hack

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Robinhood integrated TJAR as its launch partner to convert trading fees collected via the Uniswap API into USDC and USDG stablecoins

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Peer announced a beta service allowing users to buy and sell USDC with Chinese yuan payments settled through Alipay

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Conduit sued Tether in the US District Court for the Southern District of New York, alleging Tether froze $2.76 million of its USDT and has refused to release it or explain the freeze

Cc9f267dcNews eventClaim

Polygon Labs expanded its Open Money Stack payment infrastructure to support the Solana blockchain network

223 million USDT moved from Bitfinex to the Tether Treasury

DBS Bank and Citi completed a weekend cross-border U.S. dollar payment between Singapore and New York in minutes using tokenized deposits through the Swift Digital Ledger.

The October 26, 2026 BloomTrading drain primarily targeted SOL holdings while leaving USD Coin (USDC) stablecoin balances untouched in affected wallets.

DBS executive Lim Soon Chong noted that stablecoins offer higher fungibility across payment intermediaries but present greater challenges for anti-money laundering compliance compared to bank deposits.

DBS Bank launched its DBS Token Services platform in 2024 to enable programmable payments and round-the-clock settlement using permissioned blockchain infrastructure.

Dollar-backed stablecoins could expand global reach of the U.S. dollar while diminishing other countries' control over their national currencies.

The DBS survey found that fiat-pegged stablecoins are the most widely adopted tokenized instrument among corporate respondents at 63%, ahead of tokenized deposits at 53% and tokenized money market funds at 52%.

Tokenization of real-world assets and stablecoins could enable faster cross-border payments, near-instant settlement, and improved collateral utilization.

Solana Foundation Chief Product Officer Vibhu Norby reported that Solana processed over $5 trillion in stablecoin transaction volume during 2026.

Kira CEO Edrizio De La Cruz stated that working with Polygon enables the firm to convert existing Solana stablecoin transfers into bank dollars for international supplier payments.

Cross-border payments firm Kira became one of the first companies to adopt Open Money Stack's Solana integration to convert clients' stablecoin transfers into US dollars for supplier payouts.

Open Money Stack supports cross-chain routing and conversions across Solana, TRON, Ethereum, and EVM-compatible networks for assets including USDC, USDT, and PYUSD.

The Solana integration enables businesses to process bank deposits, convert fiat to stablecoins, manage embedded wallets, and issue payouts to US bank accounts via a single API.

Token Terminal data showed Solana recorded $5.76 trillion and TRON recorded $6.94 trillion in stablecoin transfers between January 1 and October 27, 2026.

World Liberty Financial and BitGo collaborated to freeze $27 million in USD1 stablecoins and $2 million in WLFI tokens tied to the Binance hack

Robinhood integrated TJAR as its launch partner to convert trading fees collected via the Uniswap API into USDC and USDG stablecoins

Peer announced a beta service allowing users to buy and sell USDC with Chinese yuan payments settled through Alipay

Conduit sued Tether in the US District Court for the Southern District of New York, alleging Tether froze $2.76 million of its USDT and has refused to release it or explain the freeze

Sen. Richard Blumenthal sent Cantor Fitzgerald a 13-item request for records on its Tether business arrangement