SoFi Bank, N.A. began settling its Mastercard-powered credit and debit card transactions in SoFiUSD on 22 September 2026, six months after the partnership was announced. The card programme is expected to process more than $25 billion in annualised volume under the blockchain-based settlement arrangement.
Miami-based Jeeves has closed a $110 million Series C led by CoinFund, with backing from Andreessen Horowitz, GIC, AllianceBernstein, Coinbase Ventures and others, to expand its stablecoin-settled corporate banking platform from 25 to 35 countries.
Volante Technologies and Circle Internet Group announced on 28 September 2026 that banks using Volante's VolPay platform can integrate USDC stablecoin workflows — covering minting, redemption, wallet registration, funding, notifications and wallet-to-wallet execution — without building a separate digital-asset stack. The deal pairs Volante's Payments-as-a-Service platform with Circle, the NYSE-listed issuer of USDC.
San Francisco-based Atum has raised $13.5 million in seed funding led by Variant to launch a custody-free coordination layer connecting payment initiators with competing independent settlement providers. The round also includes PayPal Ventures, Mirana Ventures and several other investors.
A consortium of more than 140 companies — including Visa, Mastercard, Stripe, Coinbase and BlackRock — launched Open Standard and its dollar-pegged stablecoin OUSD on 30 June 2026, with the stated aim of redistributing stablecoin yield to participating institutions. The announcement triggered an approximately 15% drop in Circle's stock price.
Klarna has announced KlarnaUSD, a USD-denominated stablecoin built on the Tempo blockchain, positioning the newly listed Swedish fintech as one of the most prominent mainstream European consumer companies to enter the stablecoin payments space. The launch is framed as a payments infrastructure play targeting a market Klarna claims processes $27 trillion in annual transactions.
Ripple is positioning its RLUSD stablecoin for corporate treasury use following its $1 billion acquisition of GTreasury, giving the firm access to approximately 1,200 enterprise treasurer and CFO customers. The combined platform's clients collectively process roughly $13 trillion in annual transactions, according to Ripple's SVP of Stablecoins Jack McDonald.
A 28-member European industry coalition led by ADAN is urging the European Commission to raise transaction-volume thresholds in the DLT Pilot Regime via the Market Integration and Supervision Package, arguing current caps make tokenized market infrastructure commercially unviable.
Coinbase and payments infrastructure firm Moov have announced a partnership to extend stablecoin payment acceptance, settlement and real-time funding capabilities to the more than 1,000 U.S. community banks and credit unions in Moov's network. The deal lands as the U.S. Senate prepares to vote on the CLARITY Act, the proposed federal stablecoin framework.