Stablecoin

Stablecoin payments firm RedotPay has raised $107 million in a Series B round led by Goodwater Capital, taking its total funding for 2025 to $194 million. The company plans to use the capital for acquisitions, additional licensing, compliance expansion and hiring as it pushes into new markets and broadens its payments products.

World Liberty Financial (WLFI) said its USD1 stablecoin has expanded to the Canton Network, targeting a regulated, interoperable environment for institutions. Binance recently added USD1 spot pairs for BNB, ETH and SOL and outlined a 1:1 conversion of Binance-Peg BUSD collateral to USD1, while USD1 circulation stands at about $2.8 billion.

Ripple said in a press release it will expand RLUSD to Ethereum in 2026, running a "trial" on Optimism, Base, Ink, and Unichain via Wormhole. The move brings an existing $1.3 billion supply deeper into Ethereum’s Layer 2s, while ETH recently slipped below $3,000 with key support eyed near $2,800 and risk toward $2,500.

On December 16 2025, the FDIC board approved the first proposal detailing how insured banks and state nonmember institutions must apply to issue payment stablecoins under the GENIUS Act. The framework explains subsidiary requirements, filing procedures, evaluation timelines, and an appeal process, while opening a 60‑day public comment period once published in the Federal Register. In parallel, major Wall Street banks have issued over $530 million in Bitcoin‑linked structured notes and have begun offering Ether‑based products to meet growing institutional demand.

On December 16, 2025, MetaMask announced native Bitcoin (BTC) support in its wallet. Users updating to the latest version automatically receive a BTC address via multichain accounts and can buy, swap, send and manage BTC alongside ETH, SOL and SEI; SegWit is supported at launch, with Taproot planned. The company said local‑currency purchases are available and BTC confirmations typically take longer.

On December 16, 2025, Tether and ego death capital co-led an $8 million strategic funding round for Speed1, a Lightning Network and stablecoin payments platform handling over $1.5 billion in annual volume and serving about 1.2 million users. The deal aims to expand Bitcoin-native USDT payment infrastructure and deepens Tether's broader push into Lightning-based commerce and multi-chain stablecoin use cases.

Polygon's proof-of-stake chain has seen daily transactions climb back to multi-year highs, driven mainly by Polymarket activity and peer-to-peer USDC payments. A recent upgrade increased Polygon's throughput by 30% to about 1,400 transactions per second, while the POL token continues to trade near its all-time low around $0.11 with open interest close to $35M. Despite losing most play-to-earn traffic from the 2021 bull market, the network now functions primarily as a settlement layer for prediction markets and stablecoin transfers.

The FDIC published a 38-page proposal outlining how regulated banks could apply, via subsidiaries, to issue payment stablecoins. According to an FDIC website posting, the draft lays out approval criteria and oversight; as Bloomberg reported, it will undergo a public consultation before advancing. The GENIUS Act cleared the Senate in June and was signed by President Donald Trump on July 18.

RedotPay, a stablecoin payments fintech, closed an oversubscribed $107 million Series B. The company reports more than 6 million registered users across over 100 countries and an annualized payment volume above $10 billion as of November 2025, alongside over $150 million in annualized revenue and year‑on‑year transaction growth.

On Tuesday, the Canton Network announced that World Liberty Financial will deploy the USD1 stablecoin on Canton to support compliant, privacy‑enabled onchain finance for institutions. According to CoinGecko, USD1 has surpassed $2 billion in market cap and is fully reserved and redeemable 1:1, with custody and issuance handled by BitGo entities.