Japan's second-largest bank, SMBC, is set to launch its own stablecoin in collaboration with Ava Labs and Fireblocks, as reported by Nikkei. Experiments for the stablecoin are scheduled to begin in the latter half of 2025, aiming for a potential launch in 2026. This initiative seeks to enhance cross-border payment efficiency while reducing transaction costs.

Stripe has launched subscription capabilities for stablecoin payments, allowing businesses to accept crypto payments that settle directly in fiat. This new feature aims to streamline cross-border transactions and reduce costs for companies, particularly in the AI sector, by integrating stablecoin payments into their existing subscription models. Initially available in private preview for US-based businesses, it supports payments made in USDC over the Base and Polygon blockchains.

Stripe has enhanced its payment platform by adding support for stablecoin subscription payments, allowing US-based businesses to process recurring transactions using digital assets like USDC. This feature, powered by a smart contract system, streamlines the payment process and addresses limitations associated with manual transaction approvals, ultimately reducing costs and improving efficiency for companies, especially in the AI sector.

Figure Technologies, a stablecoin issuer, successfully raised $787.5 million in its initial public offering, selling 31.5 million shares at $25 each. This move highlights the growing acceptance of digital assets in mainstream markets, driven by favorable regulatory conditions and increased corporate adoption.

Societe Generale plans to become the first major bank to issue a publicly tradable, dollar-backed stablecoin named "USD CoinVertible". The stablecoin will be launched on the Ethereum and Solana blockchains, with public trading anticipated to begin in July through its digital asset subsidiary SG-FORGE.

Circle is set to launch Arc, an EVM-compatible Layer 1 blockchain that will use its USDC stablecoin as the native gas token. The announcement follows a strong Q2 performance, with revenue up 53% to $658 million, despite a net loss attributed to IPO-related charges.

Nine European banks, including ING and UniCredit, have collaborated to create a MiCA-compliant euro stablecoin, expected to launch in the second half of 2026. The consortium aims to provide a competitive alternative to US stablecoins, enhancing digital payment efficiency, cross-border transactions, and financial market infrastructure using blockchain technology. A new company will be established in the Netherlands to oversee the project under the supervision of the Dutch Central Bank.

Ant International, backed by Jack Ma, plans to integrate Circle's USDC stablecoin into its AntChain blockchain after meeting U.S. regulatory requirements. This partnership aims to enhance Ant's cross-border treasury and settlement services, potentially expanding USDC's reach to millions of users in various currencies.

Blockchain lender Figure Technology Solutions Inc. is set to go public this month, aiming to raise up to $526 million in an IPO that could value the company at $4.13 billion. Founded in 2018, Figure has expanded its offerings beyond home equity loans to include crypto-backed loans and is leveraging AI for loan evaluations, reporting significant revenue growth in recent months.

SoFi Technologies is set to reenter the crypto market, focusing on stablecoin issuance and tokenized loans, after pausing its crypto offerings two years ago. With favorable regulatory conditions under the Trump administration, SoFi aims to launch these services within the next two years, highlighting the financial advantages of blockchain technology.

PayPal is set to expand the utility of its stablecoin, PYUSD, by integrating it into the Stellar blockchain network, pending regulatory approval. This integration aims to enhance fast and affordable payments, remittances, and access to financing for small and medium-sized businesses through the use of PYUSD.

Societe Generale has announced plans to introduce a publicly tradable, dollar-backed stablecoin called "USD CoinVertible," making it the first major bank to enter the dollar-pegged cryptocurrency market. The stablecoin will be issued on Ethereum and Solana blockchains, with trading expected to commence in July through its digital asset subsidiary, SG-FORGE.

MetaMask's newly launched mUSD stablecoin has quickly increased its circulating supply to $65 million, a significant rise from $15 million just a week earlier. The stablecoin, backed 1:1 by dollar-equivalent assets, is primarily deployed on the Linea network. As the stablecoin market grows, mUSD's emergence follows recent regulatory developments in the U.S.