Odaily News Payment technology company Visa's stablecoin settlement volume has exceeded $20 billion on an annualized basis, growing more than 15-fold from a year ago. Over 160 stablecoin-linked card programs have been launched globally, with related payment volumes increasing nearly 200% year-over-year.
Stablecoin card programs require daily settlement before cardholders repay, with some programs needing only a few million dollars per transaction while settling continuously seven days a week. Visa stated that some cryptocurrency-linked card businesses are constrained by working capital adapted to continuous settlement cycles, and on-chain credit can reduce financing costs by up to 30%.
Credit Coop, in partnership with Visa, launched a stablecoin-denominated revolving credit facility that has executed over 9,000 on-chain repayments. The platform has accumulated total financing exceeding $2.5 billion, processing over 3,000 borrowings and 9,000 repayments without any defaults. Visa Principal Member Rain has been using this facility to finance daily settlements since August 2023. (Bitcoin.com News)
Odaily reported that Pump.fun announced the launch of its Custom Pairs feature on Wednesday, allowing creators to choose tokenized stocks, wrapped Bitcoin, Ethereum, and metals as quoted assets when issuing tokens, no longer limited to SOL and USDC trading pairs. The number of supported quoted asset pairs has now reached 93, covering tokenized Nvidia, Tesla, and S&P 500, among others. Custom Pairs has been rolled out in the token creation form, with bonding curve and PumpSwap protocol fees consistent with standard issuance, of which 50% of the revenue will flow into the PUMP buyback and burn contract.
According to Odaily, as monitored by HyperliquidNews, HIP-3 open interest has grown again, recovering over $500 million in less than two weeks, bringing total open interest to nearly $4 billion.
Odaily News: Stablecoin issuer Circle has agreed to acquire Singapore-based payment infrastructure company Tazapay in an all-stock transaction valued at $400 million. The deal is expected to close in 2027 and remains subject to regulatory approvals, including approval from the Monetary Authority of Singapore.
Tazapay has over 60 banking and fintech partners, providing local payout infrastructure across more than 100 markets, with annualized payment volume exceeding $25 billion, of which approximately 60% of transactions involve stablecoins.
Tazapay has served as a design partner for the Circle Payments Network since 2025. Circle CEO Jeremy Allaire stated that combining USDC, Tazapay's banking network, and institutional client base can drive global adoption; Circle's Senior Vice President of Payment Business Irfan Ganchi noted that the acquisition will enhance its global payment send and receive capabilities. (Bitcoin.com News)
Odaily News: Joe Burnett, Vice President of Strive, posted on X platform that the email infrastructure of Trezor and BitBox appears to have been compromised, and the Bitcoin strengthening phase is still ongoing.
Odaily讯 美国参议院计划于 9 月 15 日就《Clarity Act》举行程序性投票。该法案拟建立数字资产联邦监管规则，并由 Securities and Exchange Commission（SEC）与 Commodity Futures Trading Commission（CFTC）分担监管职责。
Coinbase 支持的加密行业倡议组织 Stand With Crypto 表示，其成员 8 月致电或发送邮件联系国会议员近 5 万次，并组织活动及在地方报纸刊发支持法案的评论文章。加密行业团体目前已为 11 月中期选举支出至少 1.9 亿美元。
独立社区银行组织 Independent Community Bankers of America（ICBA）已安排地方银行家与参议员在其家乡州会面，并投放电视广告，要求修改法案。ICBA 表示，法案应明确禁止稳定币收益，以保障社区银行持续支持当地总额 4.1 万亿美元的贷款活动。
稳定币奖励是争议焦点之一。银行业团体认为，允许加密平台向稳定币支付奖励可能导致传统银行存款流失；加密企业则主张保留相关奖励，同时要求建立更明确的联邦规则，法案还因反洗钱保障及政府官员加密资产利益相关伦理限制面临反对。（Decrypt）
Odaily News: Bitcoin News posted on X platform that U.S. Treasury Secretary Scott Bessent is urging the Senate to advance the CLARITY Act to establish a comprehensive regulatory framework for digital assets. Bessent warned that failure to advance the bill would send a signal to both allies and adversaries that the U.S. is "unwilling to lead the future of digital assets," while also forgoing enhanced national security tools designed to combat digital asset abuse.
Odaily News: Bitwise CEO stated on X that Bitwise manages options strategies for large holders with over $25 million in assets including BTC, ETH, SOL, XRP, and ZEC through SMAs, generating income while maintaining long positions. Market volatility brings a wealth of opportunities.
Odaily News - Bloomberg ETF analyst Eric Balchunas stated on the X platform that Tema is launching a prediction market ETF. However, this product is a thematic ETF, not an actual event contract ETF, which the SEC is still considering. The ETF will allocate 15% of its positions to private assets from Kalshi and Polymarket, with a management fee of 75 basis points.
Odaily News The UAE will invest $1 billion through Marlan Space, a subsidiary of International Holding Company (IHC), in Loft Orbital, a space AI startup co-founded by France and the United States, to build an observation satellite constellation consisting of 50 satellites equipped with AI capabilities. Unlike traditional satellites that transmit data back to Earth for analysis, the company plans to use AI directly in space to process images, video, and measurement data collected by the satellites, with AI agents capable of identifying anomalies and issuing alerts within seconds. (lemonde)
Odaily News: Sui announced on platform X that agents can now hold independent wallets on Sui, fund themselves with tokens, and run liquidity positions to earn fees. Agents are granted scoped permissions over these wallets, with gas fees abstracted by the system. WaaPxyz operates on CetusProtocol.
Odaily Planet Daily News According to GMGN market data, the market cap of BSC chain Meme coin Hajime has halved and fallen below $40 million, currently reported at $37.32 million, a 24-hour decline of 12.60%.
Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.
Odaily News: On-chain data analysis platform Bubblemaps stated that LAPTOP token trading has turned into a "bloodbath," with approximately 80% of traders experiencing losses.
According to its disclosure, at least 2 traders lost between $100,000 and $1 million, 100 traders lost over $10,000, approximately 700 traders lost more than $1,000, and another 11,000 or so traders incurred smaller-scale losses. Bubblemaps concluded with a sarcastic "Thank you Hunter Biden" remark about this trading performance.
Odaily News, the U.S. Treasury Department stated that it will purchase a minimum of $4 billion and a maximum of $6 billion in long-term government debt in the first operation of its expanded buyback program, demonstrating Bessent's determination to curb recent rising borrowing costs. U.S. Treasuries extended earlier losses after the announcement, suggesting the scale was smaller than some investors had expected. It remains to be seen how successful the expanded purchase program will be. Following the initial announcement of the program last month, yields fell but subsequently rebounded. The benchmark 10-year yield reached its highest level since 2023 last week.
Guha, an economist who previously worked at the New York Fed, stated: "The challenge is always whether the impact of these interventions can be sustained without more significant fundamental changes." Moreover, the maximum scale of the buyback operations does not necessarily mean the Treasury will purchase that amount of debt. However, in buybacks targeting long-dated nominal debt, the department tends to purchase the full scale, having failed to do so only twice in 52 such operations since the program was relaunched in 2024. (Jin Shi)
