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- 🏦 From Trump to PayPal: Why Everyone Is Betting on Stablecoins – This Week in Web3 Payments (Mar, 10th 2025)
🏦 From Trump to PayPal: Why Everyone Is Betting on Stablecoins – This Week in Web3 Payments (Mar, 10th 2025)
👋 Welcome to PayFi Weekly, your go-to source for the latest in stablecoins, crypto payments, and digital finance, powered by Transak.
This week, stablecoins are making waves globally, from Japan approving its first USD-pegged stablecoin to Binance delisting Tether for European users under MiCA regulations.
Meanwhile, Trump is doubling down on crypto, pledging to push stablecoin legislation before August, while emerging markets are rapidly embracing stablecoins to solve payments and remittance challenges.
With PayPal, Transak, and Aptos expanding their payment ecosystems, and regulators stepping in, the future of Web3 payments is evolving fast.
Let’s dive into the biggest stories shaping the space this week! 🚀💳
🔥 Top Stories of the Week
🌍 Transak Expands Payment Infrastructure to Australia: Payments giant Transak expands into Australia, following exchange approval, marking a major step in global payments adoption. Details
🏛️ Trump’s Stablecoin Push – Crypto-Friendly Legislation Incoming? President Trump vows to fast-track a stablecoin bill before August and end crypto debanking, signaling a huge policy shift for digital payments. Read more
📈 Stablecoin Growth Surges in Hong Kong: Hong Kong is positioning itself as a stablecoin regulatory hub, fueling financial innovation and global adoption. Read more
🇯🇵 Japan Approves USDC as First USD-Pegged Stablecoin: Japan grants regulatory approval for USDC, accelerating stablecoin adoption in the country’s growing crypto payments sector. More info
🏠 U.S. Housing Dept. Adopts Stablecoins for Grant Payments: The U.S. Housing Department is integrating blockchain and stablecoins to streamline government payments and increase transparency. Full story
🌐 Global Stablecoin & Payments Moves
🇪🇺 Binance to Delist Tether in Europe Under MiCA Regulations: Binance will remove Tether (USDT) and other stablecoins for European users, adapting to the EU’s new stablecoin laws. Details
🇹🇷 Turkey’s Crypto Payment Ban Faces Legal Challenge: Law firms are preparing to challenge Turkey’s ban on crypto payments, pushing for digital currency adoption. Read more
💳 Stablecoins Are Transforming Payments in Emerging Markets: From Nigeria to Argentina, stablecoins are rapidly solving inflation and remittance challenges, driving mass adoption. More info
🏦 PayPal’s Ultimate Payments Vision: Stablecoins as the Global Standard? PayPal is pushing for stablecoins to become the backbone of global transactions, accelerating Web3 payment adoption. Read more
💡 Innovations in PayFi
🚀 Ethena’s USDe Stablecoin Expands to Aptos: Ethena’s USDe stablecoin launches on Aptos, further positioning the blockchain as a rising stablecoin payments hub. Full story
💳 Plume Launches PayFi Vault for Stablecoin Transactions: Plume introduces a new PayFi Vault, powered by PayPal USD (PYUSD), enabling smoother stablecoin-based transactions. More info
💲 Noble Introduces Yield-Bearing Stablecoin for Passive Income: A new competitor enters the stablecoin market, launching yield-bearing stablecoins to redefine passive income in DeFi. Details
🔒 Security and Compliance in Web3 Payments
🎯 FBI Offers $10M Bounty for Ex-Olympian in Tether Money Laundering Case: The FBI places a $10 million bounty on a former Olympian allegedly involved in Tether-based money laundering. Full story
🚫 Tether Freezes $27M in Sanctioned Russian Exchange Crackdown: Tether freezes $27 million in USDT linked to Russia’s sanctioned exchange Garantex, ramping up compliance efforts. More info
🌟 Highlight of the Week: White House Crypto Summit
On March 7, President Donald Trump hosted the first White House Crypto Summit, a landmark moment for the industry.
🔹 Industry Leaders in Attendance:
Coinbase CEO Brian Armstrong
MicroStrategy’s Michael Saylor
Gemini’s Cameron & Tyler Winklevoss
Treasury Secretary Scott Bessent
Crypto Czar David Sacks
🔹 Key Takeaways:
Regulatory relief: Ending anti-crypto banking restrictions
Stablecoin expansion: Fast-tracking U.S. stablecoin legislation
Banking clarity: OCC confirms banks can now offer crypto services
🔹 Strategic Crypto Reserve Announced:
The U.S. government now holds 200,000 BTC ($17B) in a digital asset reserve, described as a “crypto Fort Knox.”
🔮 Looking Ahead in Web3 Payments
Stablecoins are no longer just an alternative—they’re becoming the foundation of digital payments.
With governments, banks, and fintech leaders accelerating adoption, we’re seeing a fundamental shift in how money moves across borders, markets, and economies.
Will yield-bearing stablecoins become the norm?
Will private stablecoins and CBDCs collide?
How will governments shape regulations in the coming months?
🚀 Stay ahead with PayFi Weekly—your guide to the future of Web3 payments & stablecoins. 📩 See you next week!
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