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StraitX will launch Singapore dollar (XSGD) and U.S. dollar (XUSD) stablecoins on the Solana blockchain in early 2026. The move facilitates direct digital foreign exchange and highlights a broader trend of institutional adoption of stablecoins for regulated payments.
PayPal has applied for a Utah industrial bank license to establish PayPal Bank, aiming to offer loans to small businesses and high-yield savings accounts, signaling a significant push into the traditional banking sector.
Ripple is expanding its upcoming stablecoin, RLUSD, to Ethereum's Layer 2 networks using Wormhole's Native Token Transfer (NTT) standard. This move positions RLUSD to compete directly for market share in the increasingly regulated and institutional-focused stablecoin sector.
Ripple has partnered with FINMA-regulated AMINA Bank to integrate Ripple Payments, marking a significant entry into the European banking sector. The collaboration will use stablecoins, including RLUSD, to provide faster and more cost-effective cross-border transactions for AMINA's clients.
