Yueqi Yang

Stock market investors fell in love with crypto this year, setting off a big rally in public markets. Now the buying frenzy has rebounded back to privately held companies like crypto exchange Kraken and payments firm Ripple, whose valuations have soared. Kraken, one of the oldest crypto ...

The Federal Reserve is exploring creating a new type of account that could be used by crypto, fintech and other companies to process payments without using banks. Fed governor Chrisopher Waller, speaking at the Fed’s first-ever Payments Innovation Conference, said he has directed Fed staff to explore the idea of creating a “skinny” master account that would provide basic Fed payment services

When a crypto crash ricocheted across markets earlier this month, the spotlight landed on Hyperliquid, an exchange that handles more than $13 billion in trades a day with around 11 employees based largely in Singapore. The two-year-old exchange is little known outside crypto markets but wildly ...

Coinbase and Mastercard have each held advanced talks to buy BVNK, a London-based stablecoin infrastructure firm, in a deal that could value the startup at between $1.5 billion and $2.5 billion, Fortune reported, citing people familiar with the deal. The talks are not finalized and may not result in a deal, but Coinbase appears to have a lead over Mastercard in the bid, the publication

In just over two months, the new stablecoin law has upended crypto markets, giving a group of new competitors a chance to wrest control from the industry’s two dominant companies, Tether and Circle. The biggest disruptor has been Stripe, which is benefiting from its well-timed $1.1 billion ...

SUI Group, a Nasdaq-listed firm dedicated to buying and holding Sui cryptocurrency, said it is launching two stablecoins for the Sui blockchain, making it the first digital-asset vehicle stock to enter the highly competitive stablecoin business. The move adds to the competition facing Circle and Tether, the two biggest stablecoin issuers, as more crypto companies and platforms launch their own

The Securities and Exchange Commission is working on a plan to allow stocks to trade like cryptocurrencies on the blockchain, but is facing strong opposition from traditional financial firms such as Citadel Securities, according to people involved in the process. The SEC’s staff is talking to ...

Stripe is planning to apply for a charter with a federal banking regulator to meet the requirements of new U.S. stablecoin legislation, which will allow it to keep issuing stablecoins for clients when the law takes effect. The company is preparing to apply for a national trust charter with the Office of the Comptroller of the Currency, said Zach Abrams, co-founder and CEO of Bridge, the

Cloudflare, a $76 billion company that powers major websites, said it plans to launch a U.S. dollar-backed stablecoin that will be used in AI-powered transactions. The stablecoin is the first by a major tech firm after the passage of stablecoin legislation in July. The stablecoin, called NET Dollar, will enable instant, automated transactions by AI to take actions on behalf of humans, such

Tether, the world’s largest stablecoin issuer, is evaluating raising funding from investors to expand across business lines, including stablecoins, AI, commodity trading, and media, by “several orders of magnitude,” said CEO Paolo Ardoino in a tweet Tuesday. His comment came after Bloomberg reported Tether is in early talks with investors to raise between $15 billion and $20 billion in