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Crypto

Japan FSA approves trade settlement stablecoin pilot with three megabanks

Japan\'s Financial Services Agency has approved a fourth pilot project to use stablecoins for cross-border trade settlements, expanding tests into trade finance. The project will be led by TradeWaltz and involves Mizuho Bank, MUFG Bank and Sumitomo Mitsui Banking Corp, among others. The initial scope covers receivables purchases and settlement between exporters and banks. The pilot begins in September 2026, with a trust-based yen stablecoin expected for commercial use in the fiscal year ending March 2027.

Crypto

Dormant Quant whales move after 400 percent surge, transfer $10 million to exchanges

After Quant (QNT) surged on news of cooperation with the U.S. banking consortium The Clearing House, large wallets dormant for more than three years moved about $10 million worth of QNT to exchanges, data showed. Arkham Intelligence flagged two addresses that transferred tokens to Binance, Coinbase and Kraken. QNT rose from $56 to $74 to around $373 before pulling back to $241 to $253. It is unclear whether the wallets belong to insiders.

Crypto

Citi links with Coinbase for stablecoin payments without direct crypto holdings

Citi institutional clients can now accept stablecoin payments without directly holding cryptocurrencies. Coinbase has connected its payment infrastructure to Citi\'s merchant payments platform, Spring by Citi. Customers can pay in stablecoins at checkout, with Coinbase converting the funds into fiat currency and Citi settling them as the account management bank. The companies will first launch the functions in the United States and plan to add features in coming months.