October 24, 2025
Welcome to another edition of the Stabledash Newsletter, your weekly snapshot of stablecoin markets, infrastructure, and innovation shaping the future of money movement.
This week, the stablecoin sector continues to be validated in a big way. Three major acquisitions and a half-billion-dollar raise signal that the companies building in this space aren't just gaining traction, they're being bought up by the biggest players in crypto and fintech.
Back in August, we sat down with Dynamic's CEO to talk about their stablecoin playbook. This week, Fireblocks acquired them for $90M. If you want to catch up on what Dynamic does and why it matters, tune into the conversation below.
This week we cover:
Dynamic's Stablecoin Playbook (and the Fireblocks acquisition)
Why Stablecoins Matter: A contributor article from Berhan Kongel, CEO of Keyrails
Pioneering the Internet of Money with Bitcoin
Why Private Stablecoins Are Winning the War for the Digital Dollar
Plus: Coinbase acquires Echo ($375M); Aave Labs acquires Stable App; Modern Treasury acquires Beam; Tempo raises $500M and more
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What to Watch
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Dynamic’s Stablecoin Playbook
Back in August on Stabledash Live, we spoke with Dynamic's CEO Itai Turbahn about building stablecoin apps. This week, Fireblocks acquired Dynamic for $90M. Congratulations to Itai and the team on an incredible outcome.
Key takeaways from our conversation:
Wallet infrastructure for every app – Dynamic powers embedded wallets for Stripe, Kraken, and Magic Eden, abstracting away custody, recovery, and gas management
The 55-page builder's guide – Dynamic partnered with Paxos, a16z, and Ramp to help Web2 developers navigate stablecoin payments and remittances. Read the guide here
From crypto commerce to global commerce – 80% of Dynamic's conversations are with Web2 fintechs using stablecoin rails for faster, cheaper cross-border settlement
Regulatory clarity accelerating adoption – MiCA, the GENIUS Act, and Singapore's frameworks are creating compliance structure for institutional stablecoin launches
This Week’s Top Story
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This is the first of many contributor articles we'll be publishing from thought leaders and builders in the stablecoin space.
Berhan Kongel dissects how stablecoins dismantle the Manhattan chokehold on USD clearing — freeing $4T trapped in nostro accounts and replacing pre-funded balances with programmable liquidity. The next era of finance is programmable liquidity, capital that moves instantly, earns automatically, and deploys on demand without touching traditional banking infrastructure.
Other Stories
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New on Stabledash
Pioneering the Internet of Money with Bitcoin
David Marcus unveiled Lightspark’s vision of Bitcoin as the internet’s native money layer, connecting 65+ countries, 14,000+ institutions, and $93T in GDP through Spark and Grid - a Layer-2 protocol and global API network. Lightspark is positioning Bitcoin not as an asset, but as global payment plumbing - “magic money” that moves anywhere, instantly.
Why Private Stablecoins Are Winning the War for the Digital Dollar
Stabled Up by The Rollup explores why private stablecoins have already won the digital -dollar war with Thomas Cowan, Head of Tokenization at Galaxy. While CBDC pilots stall, stablecoins thrive on utility, privacy, and open-market trust.
Cowan’s regulatory blueprint calls for issuer-level oversight, open interoperability standards, and transparent reserve rules, a path for digital dollars that protect users while unleashing innovation.
Wrap Up
You can dive deeper into all of these stories and more on Stabledash, your single place to navigate the stablecoin industry online.
We'll be here every step of the way to help you understand the shifts, the risks, and the opportunities ahead.
Until next time,
Stay stable