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Circle (USDC) reported a 263% jump in stablecoin on-chain volume to $21.5 trillion for the first quarter on Monday, even as net income slipped 15%. Circle Q1 Volume Record The stablecoin issuer posted total revenue and reserve income of $694 million, a 20% rise from a year earlier, according to its

A pilot involving Ripple, JPMorgan's Kinexys, Mastercard and Ondo Finance cleared a cross-border tokenized US Treasury redemption on the XRP Ledger in under five seconds. Tokenized Treasury Pilot The four firms completed the redemption of Ondo's tokenized Treasury fund OUSG outside traditional banki

Payward, the parent of crypto exchange Kraken, has agreed to buy Hong Kong-based stablecoin payments firm Reap Technologies for $600 million in cash and stock. Reap Deal Details The transaction was first reported by Bloomberg on Thursday, citing comments from Payward co-CEO Arjun Sethi. The shares b

The Solana Foundation and Google Cloud rolled out Pay.sh, a gateway letting AI agents autonomously pay for APIs in stablecoins on Solana (SOL). Pay.sh Launch Details The Solana Foundation and Google Cloud unveiled the platform on Tuesday, according to Decrypt and BanklessTimes. Pay.sh runs as an API

The crypto arm of Andreessen Horowitz has closed a $2.2 billion fifth fund focused on stablecoins, perpetual futures, prediction markets and tokenized assets. A16z Crypto Fund 5 Details The firm, known as a16z crypto, announced Crypto Fund 5 on Tuesday in a blog post and confirmed the size to The Bl