Ondo Finance now allows instant, fee-free conversions between PYUSD (PayPal’s stablecoin) and OUSG (a tokenized US Treasury bond) 24/7, enhancing liquidity and flexibility for investors. The service, powered by Ondo’s Nexus technology, eliminates traditional market-hour restrictions, making sovereign debt exposure as easy as stablecoin transactions. This development aligns with Ondo’s broader vision of simplifying traditional finance through tokenization, evidenced by its $1B in tokenized assets and partnerships like JPMorgan’s blockchain-based Treasury transaction. The platform also supports cross-chain interoperability (Ethereum, Solana) and aims to attract retail investors seeking regulated yield opportunities without brokerage hurdles. ONDO’s token has surged 9% in 30 days, reflecting growing market confidence.
about Ondo Enables 24/7 PYUSD-OUSG Conversions with Zero FeesPayPal
0 in Finance and 0 in Crypto last weekBitdeer Reports $531.9M Q4 Loss Amid Bitcoin Price Slump
Bitdeer’s Q4 2024 financial results revealed a steep net loss of $531.9 million, primarily due to non-cash fair value adjustments on convertible notes and warrants. Revenue dropped to $69 million, a 40% decline year-over-year, as lower Bitcoin prices and reduced transaction activity hurt performance. The company’s gross margin also shrank to 18.4%, down from 41.7% in Q4 2023. Despite losses, Bitdeer is advancing its proprietary ASIC mining machines (SEALMINER A1/A2) and expanding data centers in the U.S. and Norway, targeting 40 EH/s hash rate by late 2025. The post-halving environment has intensified pressure on miners, with high energy costs further squeezing profitability in key regions.
about Bitdeer Reports $531.9M Q4 Loss Amid Bitcoin Price SlumpRipple’s XRP Praised for Fast, Low-Cost Global Payments
The Institute of International Finance (IIF) has endorsed Ripple’s XRP as a fast and cost-effective solution for cross-border payments in its feedback to the Bank for International Settlements (BIS). The report, aligned with the G20’s payment modernization roadmap, praised XRP’s near-instant settlement times and efficiency in regions with limited banking infrastructure. While Ripple’s stablecoin RLUSD was not mentioned, the company continues to expand its global payment solutions, with partners like SBI Remit leveraging XRP for remittances. The IIF also highlighted broader payment innovations like ISO 20022 and Project Agorá, reinforcing the shift toward faster, cheaper international transactions.
about Ripple's XRP Praised for Fast, Low-Cost Global PaymentsMastercard & MoonPay Enable Stablecoin Payments Globally
Mastercard has teamed up with MoonPay to facilitate stablecoin payments for users and businesses globally, leveraging infrastructure from Iron, a stablecoin payment firm acquired by MoonPay earlier this year. Transactions will be automatically converted into fiat, enhancing accessibility. Stablecoins, known for their price stability due to fiat pegs, are gaining traction in crypto trading and payments, though regulatory uncertainty persists. The U.S. SEC recently clarified that some stablecoins aren’t securities but left questions about yield-bearing and algorithmic variants unresolved. Meanwhile, Mastercard continues expanding its crypto partnerships, including recent deals with OKX and Nuvei, while Visa pilots stablecoin services in Latin America. The move underscores card networks’ growing confidence in stablecoins for remittances, cross-border commerce, and creator economies.
about Mastercard & MoonPay Enable Stablecoin Payments GloballySolana Surpasses Ethereum as Fastest-Growing Blockchain in 2025
Solana has emerged as the leading Layer 1 blockchain in 2025, surpassing Ethereum in developer growth and transaction volume, according to 21Shares’ State of Crypto report. The network processed $364 billion in volume in the first two months of the year and now supports over 100 million monthly active users. With sub-second transaction finality and fees under $0.01, Solana is gaining traction in DeFi, payments, and AI, with major players like Visa, Shopify, and Stripe adopting its infrastructure. Stablecoin supply on Solana surged 600% year-over-year, exceeding $12 billion, while its DeFi ecosystem now holds $8 billion in total value locked. Memecoins and AI projects are also driving activity, with Solana leading in DePIN and crypto-AI adoption. Despite concerns over validator centralization, valuation models suggest SOL could be significantly undervalued, with potential fair value estimates ranging from $520 to $1,800. The report positions Solana as Ethereum’s primary competitor and a cornerstone of future blockchain infrastructure.
about Solana Surpasses Ethereum as Fastest-Growing Blockchain in 2025USDT Hits $150B as Stablecoins Outpace Visa, PayPal
Tether USD (USDT) has exceeded $150 billion in circulating supply, now representing 63% of the total stablecoin market. Stablecoins collectively processed over $521 billion in weekly transfers in 2025, far surpassing Visa ($319B) and PayPal ($32B). This growth is attributed to rising global demand, with over 400 million users adopting USDT since its 2014 launch. Traditional financial firms, including Visa and Mastercard, are adapting by integrating stablecoin solutions, while PayPal’s PYUSD has seen fluctuating adoption. Regulatory optimism under the Trump administration is also accelerating institutional interest in the sector.
about USDT Hits $150B as Stablecoins Outpace Visa, PayPalCoinbase Acquires Deribit for $2.9B to Boost Crypto Derivatives
Coinbase is making a major push into the crypto derivatives market with its $2.9 billion acquisition of Deribit, a Dubai-based platform specializing in Bitcoin and Ethereum options and futures. The deal, consisting of $700 million in cash and Coinbase shares, aims to consolidate spot, futures, and options trading under one trusted brand. This strategic move allows Coinbase to challenge dominant players like Binance and CME in the high-volume derivatives space. Simultaneously, Coinbase is expanding its operations to Charlotte, North Carolina, citing pro-crypto government support, and has introduced fee-free transactions for PayPal’s PYUSD stablecoin to boost DeFi adoption. Despite these advancements, Coinbase’s Q1 revenue missed analyst expectations, with transaction revenue dropping 19% and earnings per share falling sharply. The company also launched a Bitcoin-backed lending service in the US, enabling users to borrow up to $1 million in USDC without selling their crypto holdings.
about Coinbase Acquires Deribit for $2.9B to Boost Crypto DerivativesStripe Expands Crypto & AI with Stablecoin Accounts & AI Model
Stripe has announced major expansions into crypto and AI, unveiling Stablecoin Financial Accounts for businesses in 101 countries and a new AI model trained on billions of transactions to enhance fraud detection. The company, which processed $1.4 trillion in payments in 2024 (up 38% YoY), is re-engaging with crypto after earlier setbacks, now supporting USDC and USDB stablecoins. Stripe also acquired Bridge, a stablecoin payments platform, for $1.1 billion, further solidifying its crypto strategy. Additionally, multi-currency accounts will simplify cross-border transactions for businesses. CEO Patrick Collison emphasized AI and stablecoins as transformative forces, positioning Stripe to capitalize on these trends.
about Stripe Expands Crypto & AI with Stablecoin Accounts & AI ModelTether Brings USDT to LINE via Kaia Blockchain
Tether has announced a major integration of USDT on the Kaia blockchain, allowing LINE users to send and receive the stablecoin directly within the messaging app. This move targets mass adoption in Asia by leveraging LINE’s vast user base and Kaia’s fast, EVM-compatible infrastructure. Beyond payments, users can earn USDT rewards through Mini Dapps, blending crypto with casual engagement. Meanwhile, Tether is expanding its ecosystem with AI initiatives (Tether.ai), compliance upgrades (Hadron + Chainalysis), and a potential new U.S.-focused stablecoin. With USDT dominating 61% of the stablecoin market, Tether continues to push boundaries in crypto utility and accessibility.
about Tether Brings USDT to LINE via Kaia BlockchainSEC Ends PayPal Stablecoin Inquiry Without Action
The U.S. Securities and Exchange Commission (SEC) has concluded its inquiry into PayPal’s dollar-backed stablecoin, PYUSD, without taking any enforcement action. The investigation, initiated in November 2023, involved subpoenas for documents related to the asset, which is backed by U.S. dollar deposits and short-term Treasuries. PayPal disclosed the closure of the inquiry in a Form 10-Q filed on April 29th, signaling a positive outcome for the company amid broader regulatory scrutiny of stablecoins. The news comes as PayPal reportedly plans to incentivize PYUSD adoption through user rewards, highlighting its continued commitment to the crypto payments space despite earlier concerns over regulatory uncertainty.
about SEC Ends PayPal Stablecoin Inquiry Without ActionSEC Ends PayPal Stablecoin Probe, No Action Taken
The SEC has ended its 15-month investigation into PayPal’s PYUSD stablecoin, taking no enforcement action. The probe, initiated in November 2023 with a subpoena for internal documents, concluded in February. PYUSD, issued by Paxos Trust and backed by short-term Treasuries and cash equivalents, has seen its market cap grow to $880 million. PayPal recently partnered with Coinbase to expand PYUSD’s reach. The SEC’s decision aligns with a broader regulatory shift under Commissioner Hester Peirce, marking a departure from the aggressive enforcement of the Gensler era. Meanwhile, Congress is advancing the STABLE and GENIUS Acts to establish clear stablecoin regulations, reflecting bipartisan urgency to balance innovation with oversight.
about SEC Ends PayPal Stablecoin Probe, No Action TakenSEC Ends PayPal Stablecoin Probe, Boosts PYUSD
The U.S. Securities and Exchange Commission (SEC) has concluded its inquiry into PayPal’s dollar-backed stablecoin, PYUSD, opting not to take enforcement action, as revealed in the company’s Q1 2025 filings. This decision removes a legal overhang for PayPal and issuer Paxos, suggesting a measured regulatory approach to certain stablecoins. The SEC’s move aligns with post-Gensler shifts and could bolster the GENIUS Act, a bipartisan bill proposing a dedicated regulatory framework for payment stablecoins. PYUSD, launched in 2023, is backed by cash and U.S. Treasuries and integrated into PayPal’s platforms, though its market share remains small. The SEC’s stance provides clarity but leaves broader stablecoin regulation unresolved, with Congress likely to shape future rules. Meanwhile, PayPal faces unrelated regulatory probes, but the PYUSD case marks a significant step for crypto-friendly oversight.
about SEC Ends PayPal Stablecoin Probe, Boosts PYUSD