How to read live crypto data, written by the people who run the pipeline behind it.

A Visa, Mastercard and Stripe stablecoin platform is in development, with Coinbase reported to be considering participation and Circle in the crosshairs.

Visa stablecoin payouts let platforms pay gig workers and creators in USDC, PYUSD and USDG through Visa Direct, settling in 30 minutes or less.

A bank stablecoin consortium including Goldman, Citi, BofA and UBS plans a USD token for H1 2027, competing with Qivalis and Open USD for the rails.

The stablecoin market cap sits at $291.3 billion with $76.11 billion of daily volume — a turnover ratio no other crypto asset comes close to.

Bitcoin dominance stands at 56.9% and ether at 11%, leaving every other token to share the remaining 32% of a $2.78 trillion market.

Asia stablecoin regulation is accelerating: Japan's Payment Services Act lets banks issue, Hong Kong is licensing issuers, and Korea will tax tokenized stocks.

Stablecoin net flows to exchanges turned positive on 1 September after 113 days of outflows, but fell from $13.85m to $6.85m within two days.

Ethena's fee switch passed with 17m ENA in favour and zero against, but buybacks only start when USDe supply reaches $7.5bn, up from about $4.07bn.

The stablecoin market hit $314.68bn with USDT and USDC holding 83%. GENIUS Act enforcement begins January 2027, and mid-sized issuers are the risk.