Sony Bank secures OCC approval to establish Connectia Trust for stablecoin issuance

The post USDT Delisting Revolut: Impact of EU MiCA Regulation appeared on BitcoinEthereumNews.com. Revolut is cutting off access to USDT for customers across the European Economic Area and Switzerland, with the full delisting scheduled to wrap up by August 31, 2026. The decision, driven by the EU’s sweeping Markets in Crypto-Assets Regulation (MiCA), puts Revolut among a growing list of European crypto platforms quietly stepping away from the world’s largest stablecoin — and raises real questions for the millions of users caught in the middle. Key takeaways Revolut will delist USDT for customers in the EEA and Switzerland, with the process completing by August 31, 2026. The delisting follows a review under the EU’s MiCA framework; Tether chose not to seek MiCA authorization. USDT support continues unchanged on Revolut outside the EEA and Switzerland. The delisting of USDT already began on Revolut’s Revolut X trading platform for EEA customers before this announcement. Switzerland is in

The post PayPal’s Stablecoin Lands on Polygon With Built-In Compliance and Fiat Access appeared on BitcoinEthereumNews.com. Polygon’s Open Money Stack now supports PayPal’s PYUSD, enabling businesses to move funds globally without managing multiple payment providers separately. PayPal’s US dollar-backed stablecoin, PYUSD, has launched on the Polygon blockchain through a native issuance by Paxos. The latest move allows businesses to use the token for cross-border payments through Polygon’s Open Money Stack. Companies already processing payments on Polygon can now access PYUSD directly through the wallets, fiat ramps, and compliance services they already use. PYUSD Goes Native on Polygon According to the press release shared with CryptoPotato, businesses can now accept funds from cards, bank accounts, or exchange balances, convert and transfer PYUSD internationally, and cash out into local currencies through one integrated system. Polygon Labs said this simplifies the process of deploy

The post Tether (USDT) Delisted by Revolut Across EEA and Switzerland by August 2026 appeared on BitcoinEthereumNews.com. USDT News Revolut is removing Tether (USDT) from its retail crypto offering for customers across the European Economic Area (EEA) and Switzerland, the company confirmed. The digital banking platform said support for the largest dollar-pegged stablecoin will continue for users in other regions, framing the move as a periodic review of its crypto services under the European Union’s Markets in Crypto-Assets Regulation (MiCA). Customers were notified that the token would leave the platform by Aug. 31, 2026. The decision narrows European access to USDT and adds Revolut to a lengthening list of EU-facing platforms retreating from the asset as the bloc’s licensing rules take hold. The retreat reflects a wider realignment in Europe, where trading venues have steadily phased out USDT after Tether declined to seek authorization under MiCA. Tether, issuer of the roughly $184 b

The post Sony Bank Wins OCC Approval to Launch US Dollar Stablecoin via $40M Trust Unit appeared on BitcoinEthereumNews.com. Crypto News Sony Bank, the internet-banking arm of Japan’s Sony Financial Group, has secured preliminary conditional approval from the United States Office of the Comptroller of the Currency (OCC) to form a national trust bank subsidiary built to issue and operate a US dollar stablecoin. The clearance, disclosed on July 7 local time, is a procedural milestone rather than a final license. Our reading of the filing is deliberately narrow in scope: the OCC approval covers only the chartering pathway, not live issuance. Sony Bank confirmed it will not mint or circulate any token until every remaining authorization is granted, positioning the move as the opening step in a longer regulatory process. The new entity will be named Connectia Trust, National Association, and it is structured as a special-purpose trust bank rather than a conventional lender. According to the

Polygon's Open Money Stack now supports PayPal's PYUSD, enabling businesses to move funds globally without managing multiple payment providers separately.

Sony Bank wins conditional OCC approval for Connectia Trust, a $40M national trust bank set to issue a dollar-backed stablecoin by 2027. The post Sony Approved to Launch Sony Stablecoin appeared first on 99Bitcoins.

The post Sony Bank Secures Preliminary Approval for US Stablecoin Business appeared on BitcoinEthereumNews.com. Sony Bank, a subsidiary of Sony Financial Group, said it’s received preliminary approval to establish a new US national trust bank subsidiary that will issue US dollar-denominated stablecoins. The new unit, Connectia Trust, National Association, gained preliminary approval from the Office of the Comptroller of the Currency (OCC) on July 2. It will be fully owned by Sony Bank and will support the issuance and management of US dollar-denominated stablecoins, according to a Monday announcement by Sony Financial Group. The approval signals Sony’s entry into regulated US stablecoin issuance, part of a long-term digital asset business foundation, which it is backing with $40 million in starting capital. Sony Bank said that no business activities or stablecoin issuance will be conducted until all approvals and authorizations are received, including the final approval from the OCC. T

The ECB's rate hike and digital euro progress could reshape Europe's financial landscape, impacting stablecoin demand and regulatory dynamics. The post ECB hikes rates for the first time since 2023 as digital euro legislation advances appeared first on Crypto Briefing.