Tag: Adoption & Partnerships

Revolut Unveils First Euro Stablecoin, EURR, in Select Markets

Revolut has begun the rollout of EURR, its inaugural euro-denominated stablecoin, making it available to a “select group of customers” in Denmark, Poland, and Portugal. This initial phase precedes a broader launch across the European Economic Area (EEA) expected later this year.

The token is issued by Bridge, a stablecoin infrastructure firm acquired by Stripe for $1.1 billion in 2025. Within Revolut’s retail app, EURR functions as a “euro-denominated, on-chain rail” designed to facilitate transactions between euros and cryptocurrencies.

Bridge Building S.A., the issuer’s Luxembourg-based entity, manages the reserves and is committed to redeeming EURR at a rate of €1.00 per token. This operation adheres to the EU’s Markets in Crypto-Assets (MiCA) framework, a regulatory regime that has already seen 14 stablecoin issuers and 39 licensed service providers register in its early stages. Bridge itself announced its electronic money institution license and MiCA authorization, covering all 27 EU member states, on July 2.

Emil Urmanshin, Head of Crypto and New Bets at Revolut, stated that EURR “connects 80 million Revolut customers directly to on-chain finance.” He emphasized that the combination of Revolut’s scale and its licensed banking infrastructure is “unlocking real-world stablecoin utility that no traditional bank or crypto native can match.”

The public offering commenced on August 20 on the Ethereum and Polygon blockchains, according to a company blog post. Revolut Digital Assets Europe Ltd is designated as the sole distributor, with Revolut X, the company’s standalone exchange, serving as a secondary distribution channel. Support for additional blockchains, including Solana, Arbitrum, Optimism, Avalanche, Injective, TON, and Sui, is planned.

It is worth noting that Revolut’s token shares its ticker symbol with an existing MiCA-authorized euro stablecoin from StablR, which CoinGecko lists under the same EURR symbol.

Revolut has indicated that other currency-denominated stablecoins are under development through separate regulatory processes. The wider EEA rollout of EURR remains contingent on regulatory approvals, operational readiness, and product development.

Iman Olya, product owner of stablecoin at Revolut, commented on the token’s utility, stating, “Revolut initially eliminated hidden fees and friction in currency exchange. EURR completely removes the pain of moving on and off-chain, becoming a new seamless and instantaneous bridge between fiat and crypto.”

This launch follows Revolut’s recent rollout of its UK bank, which began with a limited customer group after the Prudential Regulation Authority lifted restrictions on its banking license in March. For context, Circle’s EURC, currently the largest regulated euro stablecoin by market capitalization, held approximately €394 million in circulation as of today, according to CoinGecko data.

Coinbase Launches Tokenized Stocks on Base

Coinbase’s tokenized stocks officially went live on the Base blockchain on Monday, beginning with fractional shares of Apple and Nvidia. Eligible users outside the United States can now hold a claim on real equity within a self-custody wallet, trade it on Aerodrome, or use it as collateral on Aave. The native token of Aerodrome, AERO, saw a surge of over 13% on the day.

Each token represents a share held by Alpaca, a regulated broker and custodian. This structure grants holders a direct claim on the underlying share, rather than mere exposure to a derivative that tracks its price, signifying a significant development in the tokenization of real-world assets. Coinbase has implemented a token standard known as B20, designed to manage dividends and stock splits without altering token balances. This ensures that open lending positions or liquidity pools remain unaffected by corporate actions like dividend payouts.

This marks the second instance within a week where a U.S. company has introduced a product that is inaccessible to American users. Last Wednesday, Coinbase integrated perpetual futures into its Base App via Hyperliquid, a feature also unavailable to users in the U.S., U.K., and Canada. Similarly, Robinhood launched its own layer-2 chain last month, featuring tokenized stocks as one of its initial offerings, accessible in over 120 countries but notably not domestically.

Vlad Tenev, CEO of Robinhood, spent the past week publicly urging U.S. policymakers to revise existing regulations. He expressed concern that the world might build the future of ownership around American assets while Americans are excluded. The Securities and Exchange Commission (SEC) currently has a delayed exemption for tokenized stocks, and its recent Regulation Crypto Assets proposal focuses on token fundraising rather than equity tokenization.

Despite the regulatory landscape, Coinbase is proceeding with its expansion plans. Base has indicated that additional Coinbase-issued stocks and other real-world assets will be introduced in the coming weeks. The underlying infrastructure is reportedly complete and operational, though regulatory clarity remains pending. The situation raises questions about whether Washington will address the regulatory gap before offshore alternatives become the established norm.

Franklin Templeton has expanded the accessibility of its tokenized U.S. government liquidity fund, grBENJI, by listing it on HashKey Exchange’s Earn channel. This strategic move targets professional investors and underscores the asset management firm’s ongoing commitment to tokenized real-world assets (RWAs).

The Franklin OnChain U.S. Government Liquidity Fund, operating under the ticker grBENJI, invests primarily in U.S. government money market instruments and dollar cash assets. It is crucial to note that the product is exclusively available to professional investors and is not offered to the public in Hong Kong, as per source claims.

Franklin Templeton, an entity managing approximately $1.8 trillion in assets, has been active in the tokenized fund space since 2021. In that year, it pioneered by becoming the first U.S.-registered mutual fund to leverage a public blockchain for share ownership records. The firm has since bolstered its digital asset infrastructure, notably through the launch of Franklin Crypto via the acquisition of CoinFund spinoff 250 Digital, a transaction finalized in June. The grBENJI token was utilized as a component of the payment for this acquisition.

This listing on HashKey Exchange is part of a broader strategy by Franklin Templeton to broaden its digital asset distribution. The firm has previously extended the reach of the grBENJI token to the BNB Chain in collaboration with Binance. Additional partnerships include those with DigiFT and MoonPay Trade. Furthermore, Franklin Templeton has established a strategic alliance with Payward, the parent company of Kraken, which is anticipated to integrate grBENJI tokens as collateral and a cash management solution for institutional clients.

According to RWA.xyz, the BENJI token is currently yielding approximately 3.6% over seven and 30-day periods, with a net asset value of $1.00 and just over 1,100 holders. Yields for such products are structured to mirror the performance of the short end of the Treasury curve.

The increasing institutional demand for compliant RWAs that offer yield is addressed by this development. The availability of grBENJI on HashKey Exchange, a regulated platform, reflects the growing trend of traditional finance firms entering the digital asset sector to provide regulated avenues for yield generation. Franklin Templeton has expressed intentions to broaden its offerings beyond tokenized money market funds to include other tokenized products over time, indicating a sustained focus on this evolving market.

Why This Matters

The materials describe a narrow update: Franklin Templeton has made its tokenized U. Published figures for the fund’s size vary considerably depending on whether a single token or the whole suite is counted.

Broader Context

Source materials place the factual news in this context: Franklin Templeton manages $1.8 trillion in assets.

HSBC and Standard Chartered have completed the first live tokenized deposit transfer utilizing SWIFT’s new blockchain-based ledger, a development that signals a move toward integrating digital assets into traditional financial infrastructure. The transaction, which took place on August 19, involved the exchange of payment messages between the banks’ respective tokenized deposit services, with the resulting obligations recorded on both systems.

SWIFT’s ledger functioned as an orchestration layer, netting obligations between HSBC and Standard Chartered before final settlement occurred through existing payment rails. This event is part of a broader pilot program involving 17 banks from six continents actively testing live transactions on the network.

The SWIFT ledger’s minimum viable product (MVP) is built on open-source foundations, employing an Ethereum Virtual Machine-compatible architecture based on Hyperledger Besu. Consensys developed the conceptual prototype for the project, announced in September 2025. According to SWIFT, the ledger is designed for integration with the broader digital asset ecosystem, with SWIFT managing the ledger to oversee transaction workflows, validate funding commitments, and coordinate interbank processes.

“HSBC’s interoperability transaction with Standard Chartered via SWIFT is a landmark moment for the promise of tokenised deposits,” said Lewis Sun, Head of Digital Currencies at HSBC. Mark Willis, Head of Emerging Payments, Transaction Services and Digital Assets at Standard Chartered, noted that “tokenized deposits are a key pillar of Standard Chartered’s digital assets strategy, which aims to build end-to-end solutions.”

Other banks piloting transactions on the network include ANZ, BNP Paribas, BNY, Citi, DBS, MUFG, UBS, and Wells Fargo. “With our new ledger capability, we’re extending the trust and stability of established finance into the frontiers of digital money,” said Thierry Chilosi, Chief Business Officer at Swift.

Meanwhile, American banks are developing their own infrastructure. The Clearing House is creating a tokenized deposit network named The Bridge, with participation from JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo. This network is slated for launch in the first half of 2027 and is intended to be accessible to all U.S. banks. However, Bank of America’s Mark Monaco has stated that clients are not yet demonstrating significant demand for tokenized deposits.

HSBC has previous experience with digital asset transactions, having participated in a S$400 million digital bond issuance with SGX and Temasek that reduced primary settlement time from five days to two. SWIFT itself is a critical component of global financial infrastructure, processing the equivalent of world GDP every two to three days across more than 200 markets, with 75% of payments reaching beneficiary banks within 10 minutes.

The successful execution of this live tokenized deposit transfer by HSBC and Standard Chartered on SWIFT’s platform represents a step toward integrating tokenized deposits into existing financial infrastructure. The ongoing piloting by 17 banks indicates industry adoption and testing of this technology. However, the development of competing networks like ‘The Bridge’ suggests a dynamic and potentially fragmented market for tokenized deposit solutions.

Why This Matters

The materials describe a narrow update: HSBC and Standard Chartered successfully executed a live tokenized deposit transaction on SWIFT’s new blockchain ledger. Client demand for tokenized deposits is not yet high, according to Bank of America.

Broader Context

Source materials place the factual news in this context: HSBC and Standard Chartered executed the first live tokenized deposit transaction on SWIFT’s blockchain-based ledger, the two banks said on August 19, six weeks after the network opened to an initial cohort of 17 banks.

X Explores Stablecoin Payments for Content Creators Amid Program Overhaul

X, formerly known as Twitter, is reportedly in discussions to integrate stablecoin payments for its content creators, a move that could see Circle’s USD Coin (USDC) play a significant role in creator payouts as the platform revamps its monetization strategy.

The social media giant is exploring the use of stablecoins, such as USDC, to disburse royalties to influential users for their content, according to a report by CoinDesk on August 20. These conversations are ongoing, with a source familiar with the plans indicating that X is not alone in considering such a shift, as other social media platforms are also experimenting with stablecoins for influencer commissions.

This development coincides with X’s significant changes to its creator monetization programs. Earlier this month, the company announced the discontinuation of new enrollments for its long-standing Revenue Sharing program, replacing it with the new Original Content Rewards Program.

Under the revamped system, eligible creators will earn revenue based on qualified impressions generated by their original content. These impressions must originate from Premium users viewing content on their Home Timeline, with at least half of the post visible. Creators are required to have a minimum of 500 verified followers and have accumulated 500,000 Home Timeline impressions from verified users within the preceding 90 days. Additionally, they must subscribe to X Premium, Premium+, or Premium Business and maintain their account in good standing.

Existing participants in the Revenue Sharing program will continue to earn through September 7. X plans to open applications for the Original Content Rewards Program to these users starting September 8, with their first payments under the new scheme anticipated on September 25. The ongoing discussions around stablecoins could therefore influence the delivery method of these future creator payments.

Stablecoins, which collectively boast a market value exceeding $300 billion, are increasingly utilized by businesses for faster and more cost-effective cross-border transactions compared to traditional banking systems.

X’s interest in these fiat-pegged digital assets for creator compensation aligns with Elon Musk’s broader financial ambitions for the platform. In March, Musk confirmed that X Money, the platform’s in-house payment product, was slated for early public access within weeks, signaling a step towards his vision of an “everything app” that integrates financial services into social media.

The X Money product was initially launched to a select group of US Premium+ users in June, before expanding to a wider audience of paid subscribers by late July. Currently, it functions as a dollar-based wallet, enabling eligible users to hold balances, conduct free instant transfers to other X Money users, receive direct deposits, and make purchases using a Visa debit card. The service also offers up to a 6% annual yield on balances and cashback on purchases.

Notably, X Money does not yet support cryptocurrency or stablecoins, despite significant speculation prior to its launch. However, some of Musk’s other ventures have previously embraced stablecoin technology. SpaceX, for instance, has reportedly been using stablecoins to process cross-border payments from Starlink customers in emerging markets, a precedent that may shed light on X’s current interest in the technology.

The recent partnership between Jeonbuk Bank and Ripple Payments offers a concrete development in cross-border settlements, prompting analysis of its potential impact on XRP’s utility, alongside an AI’s price forecast that highlights both opportunity and uncertainty. Grok AI has predicted that XRP could reach between $1.80 and $2.60 by the end of 2026, with a base case of $2.10, citing this new banking integration as a key driver.

Why This Matters

The materials describe a narrow update: Grok AI has predicted that XRP could reach between $1. The primary invalidation risk for Grok’s prediction is the prolonged failure of lending-protocol amendments.

Partnership Details and AI’s Rationale

Jeonbuk Bank, the first Korean regional bank to utilize Ripple Payments, is now handling 24/7 near-real-time cross-border settlements. According to Grok AI, this partnership is expected to drive measurable volume demand for XRP as a bridge asset. Further supporting the potential for increased network activity, on-chain signals indicate a significant rise in demand. Transactions exceeding $1 million on the XRP Ledger have spiked by 280%, and whale addresses have accumulated hundreds of millions of XRP. Grok AI interprets this activity as network demand not yet fully reflected in XRP’s current price.

XRPL Developments and Market Context

Developments on the XRP Ledger (XRPL) itself are also progressing. XRPL v3.3.0 amendments are currently in validator voting. These proposed upgrades include Confidential Transfers for Multi-Purpose Tokens using zero-knowledge proofs, Atomic Batch transactions, and sponsored fees. The article states these amendments aim to lower institutional barriers to on-ledger Real World Asset (RWA) activity and privacy-compliant transfers.

In terms of current market conditions, XRP has experienced significant price volatility. The digital asset traded above $2.00 in February before a sharp decline, moving from approximately $1.90 to $1.15 within weeks. During the spring, XRP maintained a price range between $1.30 and $1.55 until May. June saw the price fall below $1.20, followed by a failed bounce attempt toward $1.20 in July. August has been characterized by a steady slide, with the price recently closing at $1.0018, down 0.04% on the session. The daily range for that session was between $0.9881 and $1.0057. Technical indicators, such as the Relative Strength Index (RSI), read 37.48, with its signal line just below at 37.00. While this convergence hints that the decline may be losing steam, momentum is described as weak.

Risks and Broader Implications

However, uncertainty remains regarding the realization of these price predictions. Grok AI identifies the primary invalidation risk as the prolonged failure of lending-protocol amendments. Additionally, muted actual payment volumes from new bank integrations could similarly hinder XRP’s price appreciation. Either of these scenarios could lead to XRP remaining range-bound or retesting support levels between $0.70 and $0.85, with Grok flagging $0.85 as a key support zone. Confirmation of a trend reversal would likely require increased payment volume from new bank integrations.

Ripple’s strategy of integrating with banks is seen as a driver for institutional crypto adoption, focusing on infrastructure that facilitates capital movement. In a related development, LiquidChain is working to address interoperability challenges across different blockchain ecosystems like Bitcoin, Ethereum, and Solana. LiquidChain aims to create a single execution layer to unify these networks, potentially simplifying cross-chain operations. The project’s presale is currently priced at $0.01454, having raised over $950,000.

In conclusion, while Grok AI has presented a price prediction for XRP based on the Jeonbuk Bank partnership and on-chain activity, significant uncertainties and risks persist. The realization of higher price targets hinges on the success of XRPL amendments and the actual payment volumes generated by new banking integrations. Investors are advised to consider these factors and focus on evidence-based analysis rather than speculation.

Swapiz has launched a new Telegram bot that enables users to conduct crypto-to-crypto swaps directly within the messaging application. The bot supports over 50 cryptocurrencies and operates without requiring Know Your Customer (KYC) verification, according to company disclosures.

The Swapiz Telegram Swap Bot allows users to perform exchanges without needing to navigate away from the Telegram interface. This integration aims to streamline the process for users, particularly those new to cryptocurrency, by offering a more accessible entry point for trading digital assets. The bot utilizes non-custodial swap technology and secure data encryption to protect transactions.

Users initiate a swap by first creating a Swapiz wallet within the bot. After depositing cryptocurrency, they can select the “Exchange” option, choose the desired trading pair, and enter the amount. The bot then presents the exchange details for confirmation. Once approved, Swapiz processes the swap using the funds already in the user’s wallet, crediting the newly swapped cryptocurrency.

Michael Rodriguez, Chief Technology Officer at Swapiz, stated, “We made the Swapiz Telegram Swap Bot with the Telegram crypto user in mind. This is the convenience economy. People are looking for the easiest and quickest way to complete their crypto swaps. The Swapiz Telegram Swap Bot makes this possible.” He added that the company refuses to compromise on speed.

Currently, swap processing times range between 2 to 15 minutes. Swapiz anticipates reducing this to under two minutes within the next few months. “This is the direction the entire industry is headed. Latency will no longer be tolerated, particularly in cross-chain and payment-focused applications. We want to be at the forefront of this transformation,” Rodriguez commented.

Telegram, with over 1 billion monthly active users, has increasingly become a significant platform for crypto-related services. Swapiz is the latest entity to leverage this trend, joining other platforms that offer crypto swap capabilities through the messaging app. The accessibility of Telegram and its numerous crypto communities make it an attractive channel for such services.

Swapiz is described as a privacy-first, non-custodial Telegram tool. Users are not required to create an account, provide an email, or complete KYC verification to utilize the swap functionality. Support is reportedly available around the clock via Telegram.

While Swapiz expects to significantly improve swap processing times in the coming months, the exact timeline for this reduction remains an uncertainty. The company’s focus on speed and user convenience aligns with broader industry trends towards faster transaction capabilities, especially for cross-chain and payment applications.

Why This Matters

The materials describe a narrow update: Swapiz has launched a Telegram bot that enables users to perform crypto-to-crypto swaps directly within the Telegram app. The exact date of the expected improvement in swap processing time to under two minutes.

Broader Context

Source materials place the announcement in this context: Swapiz Telegram Swap Bot announces its public launch.