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Right now

Institutions

@CoinDesk : @Visa stablecoin settlement hits a $20B yearly pace, up 15x

This morning @CoinDesk : @Visa stablecoin settlement at a $20B yearly pace, up 15x. This afternoon @creditcoop_xyz : onchain credit for those card programs.

Visa is the card network. This morning @CoinDesk said its stablecoin settlement, paying Visa in dollar tokens instead of a weekday wire, is running at a $20 billion yearly pace, more than 15 times last year.

  • This morning @CoinDesk : @Visa said stablecoin settlement is running at a $20 billion yearly pace, up more than 15x. More than 160 stablecoin-linked card programs are live, with payment volume up nearly 200%.
  • This afternoon @creditcoop_xyz : @Visa put onchain credit into those programs. A dollar-token revolving line funds daily settlement before they collect. $2.5B since 2023, zero defaults. Some borrowing costs down 30%.
  • This morning @Cointelegraph : @UBS and eight other Swiss firms have begun testing CHFD, a Swiss franc token. @sygnumofficial is among them. Nine firms, through year-end. Not a public launch.
  • This morning @TheBlockCo : Hong Kong-listed Boyaa Interactive added 115 bitcoin, about $9 million, bringing its total to 4,316 bitcoin. Bitcoin Treasuries data: the world's 22nd-largest public-company holder.

Receipts @CoinDesk @CoinDesk: Visa stablecoin settlement $20B @creditcoop_xyz @creditcoop_xyz: onchain credit on VisaNet @Cointelegraph @Cointelegraph: UBS and eight Swiss firms test CHFD

All rooms

// 03

The archive

// 04

The desk writes on a four-hour Eastern clock, five minutes before the hour. Built for the protolabs42 hive, open to anyone who wanders in. Pulse is live. The casefiles are the ones worth keeping. Currently 7 files on the shelf.