Maya Caddle, payments lead at the Solana Foundation, says stablecoins have found their clearest use in emerging markets. Businesses there use them to free up idle capital, while consumers use them to reach US dollars.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
stablecoinscryptoemerging marketsUS dollar
Open a keyword to see other news on the same topic.
Related tickers and likely impact
SOL/USDT
▲ Likely positiveSolana
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $59.7B |
| Close on 10/27/2026 | 101.35 |
| Change that session | +0.40% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Treasury's Bessent sees crypto as America's next tool for keeping the U.S. dollar on top
U.S. Treasury Secretary Scott Bessent, speaking at Ripple's Swell conference, argued that digital assets could reinforce the dollar's global dominance as technological leadership becomes a bigger source of economic influence alongside military strength. He said Treasury could work with the SEC and CFTC to clarify crypto rules after Congress failed to pass the Clarity Act, and set guardrails against banks cutting off crypto businesses. Bessent noted that the GENIUS Act established federal stablecoin rules, that more than 90% of stablecoins are backed by U.S. dollars, and that issuers often hold U.S. government securities as reserves, which could become an important source of funding for the Treasury.
- Bitget Wallet adds USD, EUR accounts that convert deposits into stablecoins
Bitget Wallet will offer users personal U.S. dollar and euro account numbers within its self-custodial wallet, with incoming deposits automatically converted into USDT or USDC stablecoins. Called Virtual Account and provided through payments firm Noah, it accepts transfers via ACH, Fedwire, SEPA and SWIFT, and for now can only receive funds, with outbound transfers planned in the coming months. According to the article, a $500 ACH transfer is expected to cost about $2 in fees, compared with a global average remittance cost of around 6%, per World Bank data. The wallet has more than 100 million users worldwide.
- Tether backs Bolivian fintech bringing USDT payments to food delivery and banking
Tether led a pre-seed funding round in Bolivian fintech Peso, which offers USDT payments through food delivery apps and local banking networks, with the investment size undisclosed. The funds will support Peso's expansion across Bolivia, Brazil, Colombia and Argentina, and the company has already integrated USDT into Yango's food delivery service in Bolivia while offering QR payments, merchant point-of-sale services and virtual accounts linked to the banking system via ACH. The move comes as Bolivia faces a prolonged US dollar shortage and high inflation, and the government began considering in July 2026 a framework that would recognize USDT for payments, savings and trade alongside the boliviano and US dollar. Lending platform Tala also partnered with El Dorado to offer USDT loans through its digital wallet.
- The Civilizational Rug Pull: Why the Pillars of Our World Are Being Taken Down on Purpose – NaturalNews.com
The author, who says they have tracked patterns of control, deception and engineered collapse for nearly 25 years, argues that the world's foundations are being deliberately dismantled through a coordinated campaign aimed at reducing population and concentrating power. The piece cites the dollar being weakened, gold and silver rising, and digital currencies and stablecoins that could replace physical wealth and be frozen or seized. It also alleges that refineries are being sabotaged to create scarcity and that infertility chemicals are being introduced into the food supply. Bitcoin is said to have fallen roughly 50% from recent highs, and the author advises holding physical assets and home solar energy for resilience.
- Phantom launches Kalshi-powered prediction markets for US users
Crypto wallet Phantom has launched prediction markets for eligible US users through an integration with Kalshi, letting them trade on crypto prices, sports and other real-world events within its app. The offering includes CFTC-regulated event contracts such as short-term Bitcoin price markets that settle every 15 minutes, and trades can be funded with Phantom Cash balances denominated in the CASH stablecoin. Kalshi handles customer verification, account management and trade execution, while Phantom provides access through a new Predict tab, with availability varying by state and market category. The launch follows no-action relief the CFTC granted in March, which lets Phantom connect users to regulated markets without registering as an introducing broker, while the agency sued Utah on Monday after the state challenged Kalshi's event contracts under its gambling laws. Despite the legal dispute, Kalshi recorded $10.8 billion in crypto contract volume over the 30 days ending Oct. 27, up 19.6% from the previous period.
- Moody’s Assigns Investment-Grade Rating To Ripple’s Stablecoin
Moody's has assigned A2 long-term and P-1 short-term deposit ratings to Ripple's U.S. dollar stablecoin RLUSD, both investment-grade. The agency cited the credit quality and market value of the reserve assets, reserve coverage and liquidity. The reserve is mainly held in short-duration U.S. government assets and cash, largely U.S. Treasury bills held at The Bank of New York Mellon. Ripple said RLUSD is the first stablecoin to receive an investment-grade rating from Moody's, days after the OCC approved Ripple National Trust Bank. RLUSD, pegged 1:1 to the dollar since its December 2024 launch, has grown to a $2.5 billion market capitalization.
Related markets
Latest news
- Microsoft might be the 'adult in the room' when it comes AI. Here's why.
Ahead of earnings from Microsoft (MSFT) and Alphabet (GOOG, GOOGL), Laffer Tengler Investments CEO and CIO Nancy Tengler and a panel say Microsoft could currently lead in AI thanks to its ecosystem of AI-powered software. The panel includes Christine Short of TMX Wall Street Horizon, Anna Rathbun of Grenadilla Advisory, Ken Mahoney of Mahoney Asset Management and Mark Malek of Siebert Financial.
- Vietcombank, BIDV and VietinBank Included in State Capital Restructuring Plan
Under Decision No. 2054/QĐ-TTg dated 27/10/2026, Vietcombank (VCB), BIDV (BID) and VietinBank (CTG) are on the list of companies undergoing state capital restructuring for 2026-2030. The plan targets keeping state ownership at Vietcombank and BIDV at 65% or above, while raising state ownership at VietinBank from 64.46% to 65% by 2030. The State currently holds about 74.8% of Vietcombank and 76.73% of BIDV. These are plan targets and do not mean immediate share sales or new share issuance; timing and form will be decided by competent authorities. The Ministry of Finance and the State Bank of Vietnam are tasked with implementation, and Vietnam Airlines (HVN), VIMC (MVN) and Vietnam Rubber Industry Group (GVR) are also on the list.
- Steve Eisman Says Anthropic Left Q3 Figures Out of IPO Filing on Purpose: 'Very Intentional'
Steve Eisman accused Anthropic of deliberately leaving third-quarter financial figures out of its IPO prospectus, arguing that newer numbers could reveal a sharp slowdown in growth. He made the remarks on Prof G Markets on Wednesday.
- Applied Digital Insiders Just Bought More Shares. Should You Join Them?
Applied Digital’s CEO and president combined to buy $6.7 million of shares on Oct. 16, as the stock fell more than 30% over the past month. The company builds AI data centers, and CoreWeave is among its largest customers under 15-year leases worth up to $11 billion in revenue for 400 megawatts, or $1.83 million per megawatt annually. Revenue rose 322% year over year to $341.9 million in its fiscal 2027 first quarter, though the company remains unprofitable as costs climb. The author argues the colocation model and long-term, low-value contracts limit Applied Digital compared with Nebius, which signs short-term deals at $40 million to $50 million per megawatt a year. The author concludes the stock looks oversold, but pure neoclouds are a better way to approach the opportunity.
- Microsoft earnings live: Microsoft to report Q1 earnings with Wall Street looking for further Azure growth
Microsoft (MSFT) will report first-quarter earnings after the bell on Wednesday, the first report under its new segments, Agents and Infra and Devices and Consumer. Bloomberg analyst consensus expects EPS of $4.27 on revenue of $90.6 billion, versus EPS of $4.13 and revenue of $77.6 billion in the same period last year. Agents and Infra revenue is expected to rise 22.5% to $75.6 billion, with Azure and Microsoft 365 expected to bring in $32.2 billion and $27.4 billion, respectively, while Devices and Consumer sales are projected to fall 6% to $15 billion. Capital expenditures, including leases, are expected to top $45.9 billion, up from $19.3 billion a year earlier, and remaining performance obligations are expected at $705.6 billion, up 77% from $389 billion. Investors will be watching Azure and Copilot growth as Microsoft pushes its AI services.
- Amazon's EPS Is "Absolutely Exploding," Says Josh Brown. Here's What the Stock Needs to See October 29
Amazon (AMZN) reports third-quarter results after the close on Thursday, October 29, with its forward P/E at 28x, near a five-year low and well below its five-year average of 49x. Normalized EPS rose from $2.90 in 2023 to $7.17 in 2025, and analysts expect $13.37 in 2028. The stock has lagged this earnings growth amid concerns over AI infrastructure spending: Amazon expects about $220 billion of capex this year, free cash flow was a $7.6 billion outflow over the 12 months to June 30, and long-term debt doubled to $128.9 billion in the first half of 2026. The article says the report needs to show AWS growth near Q2's 37% (up from 17% a year earlier), an AWS operating margin holding near 39.4%, and operating income at or above its $22.5 billion to $26.5 billion guidance.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.