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S&P gives BlackRock tokenized reserve fund top stability rating

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The rating recognizes the fund’s ability to maintain a stable net asset value, while S&P separately reaffirmed USDT among the lowest-rated stablecoins under its existing assessment framework.

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Coin Market

Mastercard, Borderless test shared identity checks for stablecoin transfers

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Mastercard and Borderless are exploring ways to bring more trust into cross-border stablecoin transfers through the payment processing giant’s Crypto Credential framework.

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Coin Market

Galaxy reports $85M net loss amid Q2 crypto market slump

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Galaxy Digital reported an $85 million net loss driven by falling digital asset prices and $8.7 billion in revenue that missed Wall Street estimates.

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Coin Market

Circle Q2 revenue falls short of Wall Street estimates

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Stablecoin issuer Circle reported $701 million in Q2 revenue, missing Wall Street estimates of about $713 million.

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