2025-12-17
1. Visa launches USDC stablecoin clearing service in the US, initially supporting the Solana blockchain
PANews reported on December 16th, "Citing Bloomberg, that Visa announced US banks can use Circle's USDC for transaction clearing via the Solana blockchain, marking the first full deployment of its stablecoin settlement service within the US banking system. Initial users include Cross River Bank and Lead Bank. This move benefits from the deregulation implemented during the Trump administration's second term and will facilitate the launch of the ArcChain, jointly developed by Visa and Circle. Visa anticipates stablecoins will become a key payment channel in the future, with annualized clearing volume reaching $3.5 billion as of the end of November."
2. Mastercard partners with Abu Dhabi’s ADI foundation to expand stablecoin settlement
BlockBeats News reported on December 16, "According to Coinedition, Mastercard announced a strategic alliance with the Abu Dhabi ADI Foundation to expand stablecoin settlement and tokenized asset applications in the Middle East. It will support domestic and international cross-border transactions through stablecoin settlement, launch stablecoin-linked payment cards, explore tokenized real-world asset use cases, and provide digital asset support for remittances and B2B trade processes."
3. FDIC proposes application process for banks to issue stablecoins through subsidiaries
BlockBeats News reported on December 17th, "the Federal Deposit Insurance Corporation (FDIC) today approved a proposed rule to establish an application process for banks to issue stablecoins through subsidiaries. The rule has initiated a 60-day public comment period, marking the first formal rulemaking proposal following the passage of the GENIUS Act, also known as the American Stablecoin Innovation Act."
4. The US Spot XRP ETF has seen cumulative net inflows surpass $1 billion since its launch in November
BlockBeats News reported on December 16th, "Since its launch in November, the US Spot XRP ETF has seen its cumulative net inflows surpass $1 billion, marking a significant milestone in the development of altcoin ETFs. Data shows that on Monday, the Spot XRP ETF saw a daily net inflow of $10.89 million, with inflows recorded in products from Canary, Grayscale, and Franklin Templeton."
5. Invesco's collateralized Solana ETP "QSOL," developed in partnership with Galaxy, is now available on CBOE BZX
PANews reported on December 16th that, "According to the official website of the Chicago Board Options Exchange (Cboe), Invesco Galaxy Solana ETP (QSOL), a staking-based Solana exchange-traded product launched by asset management giant Invesco in partnership with digital asset and data center infrastructure provider Galaxy Asset Management, was officially listed on Cboe BZX this Monday (December 15th). This ETP offers SOL spot investment exposure with a fee rate of 0.25% and an initial holding of 17,500 SOL. The asset custodian is Coinbase Custody Trust Company, and it supports earning SOL staking rewards through Galaxy Digital, which are then included in the ETP's revenue."
6. Fourteen of the 25 largest banks in the United States are developing Bitcoin products
PANews reported on December 16 that, "According to River's statistics, 14 of the 25 largest banks in the United States are developing Bitcoin products for their clients."
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