Stablecoins

BNY adding USDC minting and redemption to custody services is a signal that stablecoins are shifting from exchange balances toward bank-linked settlement workflows.

CoinDesk reported that Visa data shows USDC leading adjusted stablecoin transaction volume in early 2026, a shift that matters for exchange liquidity, settlement rails and risk monitoring.

Visa-linked data put adjusted stablecoin transaction volume at $1.79 trillion in June, a reminder that settlement demand can grow even when crypto spot sentiment is weak.

MiCA’s transition deadline shifts exchange comparison beyond fees. EU-facing users should now check license status, stablecoin treatment, withdrawal continuity, liquidity and customer migration plans.

Stablecoin news is no longer only about a token ticker. Banks, payment firms and exchanges are competing around custody, minting, redemption and settlement rails.

Customer-ID proposals and exchange allowlists point to the same user habit: verify networks and addresses before moving stablecoins.

The July 1 MiCA transition deadline turns EU crypto regulation into an operational issue for exchange users, stablecoin holders, and active traders who depend on uninterrupted access.

Revolut is winding down USDT support for some European users, with purchases stopping July 6 and a full delisting set for August 31. For traders, this is a stablecoin routing and liquidity risk, not just a compliance headline.

The stablecoin debate is shifting away from pure crypto speculation and toward regulated payment, settlement, and FX infrastructure as U.S. supervisors, the Bank of England, Japanese megabanks, and Korean banks all move the conversation into core financial plumbing.

What traders are starting to notice is that stablecoins are no longer just exchange collateral. U.S. regulators, UK rulemakers, Japanese megabanks, and Korean bank-exchange alliances are all pushing the market toward payments, settlement, and FX infrastructure.