
Why SBI just put millions behind a Singapore startup’s stablecoin push
The Singapore firm plans merchant, enterprise-portal and app expansion as SBI joins the Vertex-led round.
Follow stablecoin news, issuer updates, market share changes, regulation, reserve transparency, and payment adoption trends.

The working paper says contract proliferation and cross-chain stablecoin use make raw activity totals noisy measures of economic reality.

Providers retain a separate on-chain record of what they are owed, but Chainflip has not disclosed repayment timing.

The network uses one USDC balance for payments and fees, but catching its rival depends on additional demand.

Routine transfers and cash exchanges could qualify, while return-right lending, crypto swaps and continuing custody remain potentially regulated.

The new legislation would extend wash sale rules to digital assets while easing taxes on stablecoins and small transaction fees.

Prosecutors are targeting $61 million in frozen USDT while tracing a broader flow through crypto and traditional banking channels.



