This week:

Top Story: Why stablecoins will reshape treasury management before they disrupt payments, authored by Berhan Kongel from Keyrails

From the Archives: We're connecting headlines to past Stableminded conversations, including the teams behind ctUSD and the author of this week's featured article

Plus: Citrea + M0 + MoonPay, USDCx on Canton, Polygon's $250M acquisition, Circle’s Latest report, Ripple's OCC approval, and more

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The stablecoin narrative has focused on remittances and retail payments. But the bigger shift is happening upstream, in how institutions manage liquidity.

BNY Mellon's tokenized deposit announcement and Circle's Canton Network launch aren't about consumer adoption.

They're about programmable settlement and always-on treasury rails.

Stablecoins provide programmability; deposit tokens bring balance-sheet depth.

Together, they move institutional liquidity onto always-on rails, reducing the need for excess buffers and freeing capital to stay productive until the moment it's needed.

_{Click the story to read more}

Citrea Taps MoonPay and M0 to Launch ctUSD for Bitcoin Ecosystem

VelaFi Raises $20M Series B

Ripple Gains Conditional OCC Approval for National Trust Bank Charter

MetaMask Integrates TRON Network

Circle Launches Privacy-Enabled USDCx Stablecoin on Canton Network

Polygon Labs Acquires Coinme and Sequence for $250M

BNY Mellon Introduces Tokenized Deposits with Ripple

Stablecoin Ecosystem Report from Circle

Temple Launches Order Book on Canton Network

^{Headlines move fast. The archives help you diver deeper on the builders behind them.}

Citrea just tapped M0 and MoonPay to launch ctUSD. Luca Prosperi and Greg Di Prisco explain how M0 built the "wholesale layer" for digital money.

Before the acquisition, Max von Wallenberg broke down Iron's enterprise payment infrastructure and why "every BIP matters."

Berhan Kongel authored our featured article. His episode goes deeper on connecting stablecoins to emerging market payment rails.

Coming soon: In February, we're launching Stabledash Live, a new live show format.

We're building out programming now, so if you're a founder or operator with a story to tell, respond to this email!

Plus: a new season of Stableminded and interviews from Breakpoint 2025.

Until next time,

Stay stable