Latest news with #STABLE
Int'l Business Times
24-06-2025
- Business
- Int'l Business Times
Stably Introduces Stablecoin Development & Advisory Services for Institutions & Enterprises
Seattle, United States / Washington, June 24th, 2025, Chainwire Stably—a Seattle-based pioneer in stablecoin and decentralized finance (DeFi) infrastructure—is launching a comprehensive suite of solutions designed to help financial institutions and enterprises issue their own branded stablecoins. The company's Stablecoin-as-a-Service (SCaaS) solutions include custom development and advisory services as well as integration support with leading industry partners like Bridge and Frax. The global stablecoin industry is growing rapidly, surpassing $250 billion in total market capitalization during the first half of 2025. Positive US regulatory tailwinds, such as the STABLE and GENIUS Acts, are boosting confidence among institutions and traditional businesses—opening the floodgate for mainstream adoption and corporate innovation. Amazon, Walmart, and among others, have already announced their private stablecoin plans, while US Treasury Secretary Scott Bessent recently commented that stablecoins could grow into a $3.7 trillion market by the end of the decade. With faster, cheaper, borderless transactions, stablecoins help reduce payment friction, improve global market access, and unlock valuable opportunities. Cost savings and new revenue streams could even enable unique ecosystem benefits or lower the cost of credit—increasing user demand and retention while expanding brand power and reach for stablecoin issuers. Stably leverages over seven years of industry experience and infrastructure to provide end-to-end support for launching compliant, fiat-backed stablecoins. Through a combination of in-house expertise, technology, and strategic partnerships, Stably offers chain-agnostic issuance, traditional orchestration, DeFi integrations, fiat on/off-ramps, product development, business strategy, and market operation support—including peg stability, liquidity, and risk management. These services are tailored for a wide range of potential stablecoin issuers—from banks, brokerages, asset managers, MSBs, and FinTechs, to non-financial enterprises like large retailers, F&B chains, e-commerce platforms, telecoms, social media networks, and more. "We typically ask our client two questions to determine whether or not there's a fit," said Kory Hoang, Stably's Co-founder and CEO. "(1) Do you have a large user base with strong network effects? (2) Do you hold user balances, facilitate credit, and/or process transaction volume at scale? If you answered yes to both questions then your business is ready to advance into the Stablecoin Age." Stably is among the earliest stablecoin issuers and SCaaS providers since 2018, having supported the launch of over 15 stablecoin projects across multiple networks—with clients and partners including financial institutions, Web3 projects, and blockchain foundations such as Ripple, VeChain, and Stellar. Stably also helped pioneer the world's first subsidized stablecoin in collaboration with dTRINITY, a DeFi protocol designed to transform credit markets by paying interest rebates to stablecoin borrowers. More recently, Stably started working with Lit Financial, a fast-growing mortgage lender from Michigan, to assist the company with its stablecoin product strategy. For organizations seeking turnkey SCaaS solutions, Stably works with regulated partners to enable the launch of branded stablecoins in just a few weeks. For institutions looking to build and operate their own in-house stablecoin infrastructure with long-term scalability, Stably offers a battle-tested stablecoin engine with full custom development and integration support. More broadly, Stably provides both technical and non-technical stablecoin advisory services no matter where the client is in their product lifecycle—whether it's early-stage exploration or go-to-market execution. About Stably Founded in 2018, Stably is a leading stablecoin development and advisory firm from Seattle, Washington. It is among the earliest issuers and Stablecoin-as-a-Service solution providers in the world, operating the 7th largest stablecoin at one point in 2019. Stably has launched over 15 stablecoins since 2020, with clients and partners ranging from financial institutions to Web3 organizations. The company helps B2B clients adopt stablecoin technology and launch compliant products for their own ecosystems—unlocking new user benefits and market opportunities from branded digital money. For inquiries or to learn more, users can visit or contact hello@ Contact Co-founder & CEO Kory Hoang Stably kory@
Business Insider
24-06-2025
- Business
- Business Insider
Stably Introduces Stablecoin Development & Advisory Services for Institutions & Enterprises
Seattle, United States / Washington, June 24th, 2025, Chainwire Stably—a Seattle-based pioneer in stablecoin and decentralized finance (DeFi) infrastructure—is launching a comprehensive suite of solutions designed to help financial institutions and enterprises issue their own branded stablecoins. The company's Stablecoin-as-a-Service (SCaaS) solutions include custom development and advisory services as well as integration support with leading industry partners like Bridge and Frax. The global stablecoin industry is growing rapidly, surpassing $250 billion in total market capitalization during the first half of 2025. Positive US regulatory tailwinds, such as the STABLE and GENIUS Acts, are boosting confidence among institutions and traditional businesses—opening the floodgate for mainstream adoption and corporate innovation. Amazon, Walmart, and among others, have already announced their private stablecoin plans, while US Treasury Secretary Scott Bessent recently commented that stablecoins could grow into a $3.7 trillion market by the end of the decade. With faster, cheaper, borderless transactions, stablecoins help reduce payment friction, improve global market access, and unlock valuable opportunities. Cost savings and new revenue streams could even enable unique ecosystem benefits or lower the cost of credit—increasing user demand and retention while expanding brand power and reach for stablecoin issuers. Stably leverages over seven years of industry experience and infrastructure to provide end-to-end support for launching compliant, fiat-backed stablecoins. Through a combination of in-house expertise, technology, and strategic partnerships, Stably offers chain-agnostic issuance, traditional orchestration, DeFi integrations, fiat on/off-ramps, product development, business strategy, and market operation support—including peg stability, liquidity, and risk management. These services are tailored for a wide range of potential stablecoin issuers—from banks, brokerages, asset managers, MSBs, and FinTechs, to non-financial enterprises like large retailers, F&B chains, e-commerce platforms, telecoms, social media networks, and more. "We typically ask our client two questions to determine whether or not there's a fit," said Kory Hoang, Stably's Co-founder and CEO. "(1) Do you have a large user base with strong network effects? (2) Do you hold user balances, facilitate credit, and/or process transaction volume at scale? If you answered yes to both questions then your business is ready to advance into the Stablecoin Age." Stably is among the earliest stablecoin issuers and SCaaS providers since 2018, having supported the launch of over 15 stablecoin projects across multiple networks—with clients and partners including financial institutions, Web3 projects, and blockchain foundations such as Ripple, VeChain, and Stellar. Stably also helped pioneer the world's first subsidized stablecoin in collaboration with dTRINITY, a DeFi protocol designed to transform credit markets by paying interest rebates to stablecoin borrowers. More recently, Stably started working with Lit Financial, a fast-growing mortgage lender from Michigan, to assist the company with its stablecoin product strategy. For organizations seeking turnkey SCaaS solutions, Stably works with regulated partners to enable the launch of branded stablecoins in just a few weeks. For institutions looking to build and operate their own in-house stablecoin infrastructure with long-term scalability, Stably offers a battle-tested stablecoin engine with full custom development and integration support. More broadly, Stably provides both technical and non-technical stablecoin advisory services no matter where the client is in their product lifecycle—whether it's early-stage exploration or go-to-market execution. About Stably Founded in 2018, Stably is a leading stablecoin development and advisory firm from Seattle, Washington. It is among the earliest issuers and Stablecoin-as-a-Service solution providers in the world, operating the 7th largest stablecoin at one point in 2019. Stably has launched over 15 stablecoins since 2020, with clients and partners ranging from financial institutions to Web3 organizations. The company helps B2B clients adopt stablecoin technology and launch compliant products for their own ecosystems—unlocking new user benefits and market opportunities from branded digital money. Contact Co-founder & CEO Stably
CNBC
18-06-2025
- Business
- CNBC
Shares of Coinbase, Circle surge after stablecoin bill passes Senate
Shares of Circle and Coinbase rallied on Wednesday, as Wall Street cheered the Senate's passage of the GENIUS Act, which would establish a federal framework for U.S. dollar-pegged stablecoins. Circle, the issuer of the USDC stablecoin, rose 22% following the passing of the bill late Tuesday. It's the continuation of a remarkable run for Circle's stock since the company held its stock market debut on June 5. The shares are trading at about $180, up almost sixfold from their $31 IPO price. Coinbase, which co-founded USDC and shares in 50% of its revenue with Circle, gained more than 10%. Stablecoins have become Coinbase's biggest revenue driver after trading, with stablecoin-related income surging 50% year-over-year in the first quarter. The GENIUS Act, short for the Guiding and Establishing National Innovation for U.S. Stablecoins Act, allows private companies to issue stablecoins under strict guardrails, including full reserve backing and monthly audits. It represents the crypto industry's first major legislative win, but still has to get signed into law. The bill now heads to the House, which has its own version of a stablecoin bill dubbed STABLE. Both prohibit yield-bearing consumer stablecoins, but diverge on who regulates what. The Senate version centralizes oversight with Treasury, while the House splits authority between the Federal Reserve, the Comptroller of the Currency, and others. Reconciling the two could take a while, especially as House Republicans weigh attaching a broader market structure package, according to congressional aides. If the GENIUS Act becomes law, it could pave the way for explosive growth in the nearly $260 billion stablecoin market, and drive more revenue to key infrastructure players like Circle and Coinbase. Coinbase earns 100% of the interest on USDC held directly on its platform. CEO Brian Armstrong has said he wants USDC to overtake Tether as the world's top stablecoin. "If you can get shared economics, I don't see why we wouldn't see more of these banks partnering with USDC," Armstrong said last month, calling stablecoins a major pillar of Coinbase's long-term growth.
Yahoo
02-06-2025
- Politics
- Yahoo
We Can't Regulate Our Way to Crypto Leadership. We Still Need Science
The following open letter was written by Dan Boneh (Stanford), Joseph Bonneau (NYU), Giulia Fanti (Carnegie Mellon), Ben Fisch (Yale), Ari Juels (Cornell), Farinaz Koushanfar (U.C. San Diego), Andrew Miller (University of Illinois at Urbana Champaign), Ciamac Moallemi (Columbia), David Tse (Stanford), Pramod Viswanath (Princeton).Here's a multiple choice question. Algorand, Arbitrum, Avalanche, Axelar, Babylon, Cardano, Cosmos, Eigenlayer, Espresso, Flashbots, Oasis, Starkware, Sui. Byzantine Fault Tolerant (BFT) protocols, digital signatures, formal verification, maximal extractable value (MEV), public-key cryptography, proof of work, rollups, trusted execution environments (TEEs) used in blockchain systems, verifiable random functions (VRFs), zero-knowledge proof systems. Which of the following is true of the companies, projects, and concepts listed above? A) They were invented / created by researchers employed at or with deep roots in academic institutions. B) They have fueled and transformed the crypto / blockchain industry. C) They demonstrate how essential academic innovation is to the crypto / blockchain industry. D) All of the above. The answer is D. The lion's share of these innovations happened at universities, largely in the United States. Both the White House and Congress are working to support and accelerate innovation and bolster U.S. dominance in the crypto economy and the blockchain technologies that power it. The White House has established the Presidential Working Group on Digital Asset Markets, while two major pieces of legislation, the GENIUS and STABLE bills, are pending in Congress. There is a crying need for regulatory and legislative reforms that prioritize and support innovation in crypto while enforcing robust protections for consumers. Efforts to accomplish these things sensibly are to be applauded. At the same time, though, we are on the brink of seeing massive cuts to academic research funding in the United States. The White House budget proposal for 2025 includes a cut of 55% for the National Science Foundation (NSF). In the meantime, China increased its budget by 10% last year. NSF is the source of most federal funding for research in computer science at U.S. universities. It's the main source of funding that has driven crypto innovations like those in the list above. Companies provide little funding for academic research because it's not product-specific. So defunding NSF means defunding scientists in the U.S.—including those leading crypto innovation. We are academic researchers in the field of crypto, representing five U.S. universities. Alongside our teaching, we conduct research and train PhD students. While market cap is a short-term indicator of the crypto industry's health, the number of PhD students studying blockchain is a long-term one: it reflects the depth of future scientific leadership. That pipeline is already thinning. Several of us could not take on new PhD students this year due to the uncertain U.S. funding climate. And we are not alone. Several of the companies in the list above were co-founded by former members of our academic groups or by us. If future members of our groups vanish alongside scientific funding, so will successful future founders of crypto companies in the U.S. And PhD students don't just start companies. They are also the engine that powers academic and ultimately industry research, doing the brain- and labor-intensive work behind the technical innovations that lead to faster, more secure blockchains. PhD students in our groups played a key role in creating or advancing in many of the concepts in the second list above. If they vanish, so will the breakthroughs they would have brought to the industry. When we're funded to do research and stay on the cusp of innovation in crypto, we're also better teachers—able to equip students with the latest advances. That means stronger technical leaders educated in the U.S. Better regulation and legislation could be a boon to crypto. But U.S. leadership in crypto won't be secured by policy alone. At the forefront of crypto innovation is science—and U.S. universities have long been its powerhouse. If you're a farmer trying to ensure a strong harvest, it's wise to upgrade your equipment and expand your fields. But if you stop planting seedcorn, no amount of machinery will save the crop. If you care about U.S. leadership in crypto, contact your congressional representatives and senators. Urge them to support the research funding that has made American universities the seedbed of global scientific and technical leadership—blockchain technology Boneh is a Professor of Computer Science and Electrical Engineering at Stanford University, and advises a16z crypto and several projects in the blockchain space. Joseph Bonneau is an Associate Professor of Computer Science at New York University. He has served as an advisor for Zcash, Algorand, Chia, O(1) labs and Espresso Systems and as a Research Partner at a16z crypto. Giulia Fanti is the Angel Jordan Associate Professor of Electrical Engineering at Carnegie Mellon University. She is a co-director of the Initiative for CryptoCurrencies and Contracts (IC3), a member of Department of Commerce Information Security and Privacy Advisory Board (ISPAB), and a member of the UK Financial Conduct Authority's Synthetic Data Expert Group (SDEG). Ben Fisch is an Assistant Professor of Computer Science at Yale University. He is a co-founder of Espresso Systems and has advised several prominent crypto projects, including Chia and Filecoin. Ari Juels is the Weill Family Foundation and Joan and Sanford I. Weill Professor at Cornell Tech and a Computer Science faculty member at Cornell University. He is also a co-director of the Initiative for CryptoCurrencies and Contracts (IC3), Chief Scientist at Chainlink Labs, and author of crypto thriller novel The Oracle. Farinaz Koushanfar is the Nemat-Nasser Endowed Chair Professor of Electrical and Computer Engineering at the University of California San Diego. She is also the founding co-director of the UCSD Center for Machine Intelligence, Computing, and Security (MICS), and a Research Scientist at Chainlink Labs. She is a fellow of ACM, IEEE, and the National Academy of Inventors (NAI). Andrew Miller is an Adjunct Associate Professor of Electrical and Computer Engineering at the University of Illinois at Urbana Champaign. He is also a co-director of Flashbots[X], a co-director of Initiative for CryptoCurrencies and Contracts (IC3), and a board member of Zcash Foundation. He has been an advisor to Cycles, Chainlink, Inco, Clique, and Pi2. Ciamac Moallemi is William von Mueffling Professor of Business and the director of the Briger Family Digital Finance Lab at the Graduate School of Business at Columbia University. He is also an advisor to several firms in the blockchain and fintech space. David Tse is the Thomas Kailath and Guanghan Xu Professor of Engineering at Stanford University. He is a member of the National Academy of Engineering, and a recipient of the Claude E. Shannon Award in 2017 and the IEEE Richard W. Hamming Medal in 2019. He is also a co-founder of the Babylon Bitcoin staking protocol, currently ranked 8th in TVL (total value locked) among all DeFi protocols. Pramod Viswanath is the Forrest G. Hamrick Professor of Engineering at Princeton University. He is a core contributor to Sentient. Sign in to access your portfolio
Axios
20-05-2025
- Business
- Axios
Bills to stop Trump's tokens
Congressional Republicans have two pieces of stablecoin legislation crafted, STABLE and GENIUS, acronyms assumed to be devised — though no one would ever confirm this — as a nod to their party leader's famous construction. Why it matters: President Donald Trump's commercial extracurriculars are making him look somewhat less politically savvy right now. The big picture: The Senate would probably have debated and voted on GENIUS, the first bill to move, if not for the actual stablecoin proposed by a company whose profits largely flow back to the Trump family. That stablecoin is known as USD1. The company in question is World Liberty Financial. And an announcement this month that Abu Dhabi's sovereign wealth fund will use USD1 to make a $2 billion investment in Binance — and the perceived conflicts of interest it creates — has slammed the brakes on bipartisan legislation that Congress has been working on for months. Between the lines: The deal would not mean that World Liberty and its backers would earn $2 billion in profit. But they would get all the yield earned from the cash infusion into USD1. Stablecoin issuers invest these reserves in short-term Treasuries or other highly liquid assets. Another advantage — it's a leg up in the stablecoin race for a brand new offering, allowing USD1 to become the world's seventh-largest stablecoin out of the gate. What we're watching: There's a number of pieces of legislation out there created to block elected officials (always including the president) and, sometimes, appointees as well, from backing or endorsing new cryptocurrencies. Four we are following: HR 1712: The MEME Act, Rep. Sam Liccardo (D-Calif.). Introduced in February, it's the first one we saw. As the name suggests, it was created in response to the Trump family's meme coins. S. 1620: Companion to Liccardo's bill, from Sen. Chris Murphy (D-Conn.). This one was released amid stablecoin legislation discussions last week. End Crypto Corruption Act: Sen. Jeff Merkley (D-Ore.) and minority leader Sen. Chuck Schumer (D-NY). This one was also released last week. Theirs includes members of Congress. HR 3314: Rep. Ritchie Torres (D-NY). His office tells me that this one names stablecoins, which catches it up to the latest controversy. What they're saying: "As another famously impeached White House occupant once said, 'the people have got to know whether or not their President is a crook,'" Liccardo said in a statement last week. Reality check: It's hard to imagine that any of these bills even see discussion in committee, but the topic seems to be making it hard for crypto-leaning Democrats to stick with crypto legislation. And the GOP needs some party crossover to get legislation through.
