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The StableChain mainnet has launched, establishing a novel precedent by using Tether (USDT) for network gas fees. Governed by the newly formed Stable Foundation and its STABLE token, the launch signals a strategic shift where major stablecoins are becoming foundational components of blockchain infrastructure, moving beyond simple trading and yield generation.
Ripple has secured an expanded Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This approval allows the firm to offer a full suite of regulated digital payment services, solidifying its operational base in the Asia-Pacific region.
The United States has enacted its first major stablecoin legislation, the GENIUS Act, creating a formal regulatory framework for dollar-backed digital currencies. The law is poised to accelerate institutional adoption and solidify the U.S. dollar's role in the digital economy.
UAE-based Islamic bank ruya has partnered with Fuze to offer Bitcoin trading services through its mobile application, ensuring full compliance with Sharia law. The initiative taps into a significant new investor class and aligns with the UAE's rapid crypto market expansion, where inflows recently grew 42% year-over-year to exceed $30 billion.
