Stablecoin

Coinbase CEO Brian Armstrong announced on December 3, 2025, that major U.S. banks have partnered with Coinbase to pilot crypto-related projects focusing on stablecoins, trading infrastructure, and custody solutions. BlackRock CEO Larry Fink participated in the discussion at the New York Times Dealbook Summit, highlighting Bitcoin's essential use cases. The collaborations reflect the financial sector's growing acceptance of digital assets.

Revolut has integrated Solana for direct transfers, withdrawals, and staking, expanding SOL's presence in global fintech infrastructure. SOL traded near $141.22 with $5.8 billion in 24-hour volume. Short positions totaling $60 million were liquidated as the token tested key support levels.

Coinbase has launched live pilot programs with JPMorgan, Citigroup, and Bank of America to test stablecoin services, custody solutions, and cryptocurrency trading capabilities. CEO Brian Armstrong announced the trials on December 3, 2025, noting that participating banks view crypto as a core business line rather than an experimental project. The programs cover stablecoin operations, digital asset custody, and crypto trading infrastructure within the banks' regulated frameworks.

A consortium of ten major European banks has established Qivalis, a Netherlands-registered entity, to issue a euro-pegged stablecoin targeting launch in the second half of 2026. The initiative seeks to strengthen the euro's presence in digital asset markets, where euro stablecoins currently hold $605.2 million in market capitalization compared to $315.6 billion for dollar-denominated stablecoins. Qivalis will operate under Markets in Crypto-Assets Regulation (MiCAR) compliance and be led by former Coinbase Germany CEO Jan-Oliver Sell.

Ethereum maintains $174.95 billion in stablecoin supply, representing 63% year-over-year growth, data show. Layer 2 solutions Arbitrum One and Base Chain hold $7.84 billion and $4.53 billion respectively. Competition intensifies across secondary networks as total stablecoin supply reaches an all-time high of $283.2 billion.

Digital asset treasury firms acquired 370,000 ETH in November 2025, down 81% from August's 1.97 million tokens, data show. BitMine Immersion leads public holders with 3.73 million ETH valued above $10 billion. Analysts suggest sustained declines in corporate buying could reduce structural market support, though staking yields may help maintain treasury sustainability.

Britain has enacted the Property (Digital Assets etc) Act, officially recognizing cryptocurrencies and stablecoins as property under national law. The reform ends years of legal ambiguity by establishing clear rules for ownership disputes, insolvency proceedings, and inheritance cases involving digital assets.

Bitcoin rose above $94,000 on December 3, marking a two-week high as the cryptocurrency sought to recover from losses exceeding $1 trillion since early October. Ether climbed nearly 10% to $3,092, while XRP and SOL posted gains of 8% and 11.7% respectively, according to CoinGecko.

The United Kingdom enacted the Property (Digital Assets etc.) Act 2025 on Tuesday, creating a third category of property under UK law for digital assets including bitcoin and stablecoins. The legislation, which passed both parliamentary chambers without amendments, provides legal clarity for ownership disputes, asset recovery, and insolvency proceedings involving digital holdings.

XRP drew $289 million in weekly inflows, one of its strongest performances on record, according to CoinShares data. Digital asset exchange-traded products collectively recorded $1.07 billion in net inflows, reversing four consecutive weeks of outflows. The influx signals renewed institutional engagement across major crypto assets.