Visa Onchain Analytics reported that Base processed $565 billion in adjusted stablecoin transactions in June, narrowly surpassing Ethereum's $562 billion. This highlights a shift towards Layer-2 networks for real settlement activity, moving beyond raw volume metrics.
Dash is considering the Philippines as a new market for its cryptocurrency payment services, aiming to offer lower-cost transactions. The company is assessing the local landscape and prioritizing legal compliance before a potential launch.
Crypto payments platform Pyra is shutting down, citing the Drift exploit. Users have until September 15, 2026, to withdraw assets or export private keys via a web portal. The platform will also facilitate future Drift recovery token distribution.
AI agents have settled $73 million across 176 million transactions in the past year, highlighting the limitations of traditional payment systems for microtransactions. USDC is the dominant settlement asset, raising concerns about systemic risk due to over-reliance on a single issuer.
Oobit launches crypto payments platform in Colombia, its 9th Latin American market, leveraging Tether-backed operations and a non-custodial platform for direct crypto spending via Visa-linked systems.
Exodus, a publicly traded wallet company, is expanding into the full payments stack with its Exodus Pay platform and new stablecoin, XO Cash, and has become debt-free after reducing its Bitcoin holdings.
Crypto.com says a new UAE Stored Value Facilities license will let residents pay Dubai government fees in crypto, as the company doubles down on regulated expansion in the Middle East and beyond.
No rate cuts are coming any time soon, Big Tech earnings gave AI bulls more to work with, and Meta is back in crypto payments with USDC creator payouts.
Crypto payments processor MoonPay is expanding into institutional services with a veteran regulator at the helm.
MoonPay, the Dogecoin Foundation, and House of Doge collectively donated 1 million DOGE (approximately $95,000) to the AKC Humane Fund on Monday, enabling crypto donations to the dog welfare charity through MoonPay's payment infrastructure. The contribution will fund shelter assistance for pet owners affected by domestic violence, stray dog rescues, and veterinary support for families facing financial hardship across the United States.
