#stablecoin Tech News.

Yellow Card, a licensed stablecoin infrastructure provider operating across 34 countries including 20 in Africa, selected Turnkey to handle stablecoin payments in emerging markets. The partnership aims to expand digital payment access in regions with limited traditional banking infrastructure.

SoFi Technologies launched SoFiUSD, the first U.S. bank-issued stablecoin available directly on a banking app. The fintech reported record Q1 revenue of $1.1 billion and net income of $167 million. SoFi stock surged 16% after stablecoin details were released in late May.

Paradigm and Hyperliquid Policy Center are opposing the GENIUS Act stablecoin AML rule. The groups argue the proposed regulation imposes overly broad anti-money laundering requirements that could stifle stablecoin innovation. The policy pushback targets specific compliance mandates in the draft legislation.

The New York State Department of Financial Services proposed a regulation to align its stablecoin framework with the federal GENIUS Act. The rule adds provisions from the U.S. Treasury Department's requirements for state certification, including limits on reserves held at any single custodian. Acting Superintendent Kaitlin Asrow said the proposal ensures full alignment with federal requirements while maintaining consumer protections.

Japan's largest banks are planning to launch a stablecoin by March 2027. The initiative involves multiple top financial institutions collaborating on a digital currency project. The stablecoin aims to provide a regulated digital payment option within the country's financial system.

Banking Circle will provide regulated, API-led banking infrastructure to Bridge, a Stripe-owned stablecoin platform. The collaboration supports Bridge's global money movement capabilities. Banking Circle S.A. announced the deal today.

NALA secured a $50 million structured credit facility from Liquidity and Mars Growth Capital. The stablecoin payments infrastructure company will use the funds to pre-fund customer accounts, accelerate product development, and scale real-time cross-border payments across Africa and Asia.

June 1 brought regulatory changes to stablecoin rails in Asia. The shift alters how stablecoins are issued and transferred across the region. Companies operating stablecoin payment systems must adapt to the new compliance requirements.

SoFi Technologies closed at $16.50, up 2.93%, as institutional buying followed its stablecoin rollout and an AI-powered financial coach announcement. Trading volume hit 77.1 million shares, 15% above average. The stock remains down over 40% in six months despite the positive sentiment.

SoFi Technologies launched SoFiUSD, a stablecoin available on its banking app for nearly 15 million members. The stablecoin runs on Ethereum and Solana networks, is backed by liquid assets, and is redeemable one-to-one for US dollars. CEO Anthony Noto said the launch lets members access digital assets within the same app used for saving, investing, borrowing, and spending.

Tron, Stellar, Cardano, Canton, and Dogecoin trade under $1. Tron leads with 12% year-to-date gain and ranks second in stablecoin transaction volume. Tron is offshore and excluded from U.S. exchanges due to regulatory issues. Cardano is down 52% year-to-date and founder Charles Hoskinson has stepped away. Dogecoin has stagnated for five years and is not performing.

Clear Junction Digital Limited partnered with Agant to give institutional clients access to GBPA, Agant's Pound sterling stablecoin. The payments infrastructure provider will support financial institutions and cryptoasset businesses in using the stablecoin for UK-focused transactions.