🧵 Stable School News: Weekly Roundup (Aug 1) New laws. Giants on the horizon. Billions in fresh capital. Stablecoins are pushing into payments, banks, and global finance, powered by moves from @Visa, @circle, Korea, and Hong Kong. Here’s what happened this week 👇

TL;DR: – @Visa and @FISGlobal push stablecoins into payments – @circle integrates $USDC with TradFi rails – Trump’s task force urges faster rule clarity – Korea pivots, banks prep local stablecoins – @RD_Technologies raises $40M ahead of HK licensing

1/ Visa expands its stablecoin settlement network. Now supporting $PYUSD, $USDG, and $EURC, plus @StellarOrg and @avax alongside @Ethereum and @Solana. @Visa’s goal: multi-chain, multi-coin settlement that works globally, just like card payments.

2/ @circle teams up with @FISGlobal to bring $USDC to mainstream payments. USDC will run through FIS’s Money Movement Hub - used for ACH, wires, and FedNow. GENIUS Act compliance + TradFi rails = real momentum for digital dollars.

3/ Trump’s crypto task force wants faster action. Led by @davidsacks47, the group is urging regulators to clarify trading, custody, and tax rules to speed up adoption. Two more crypto bills now head to the Senate.

4/ Korea steps up on stablecoins. The central bank drops “research” from its CBDC lab and forms a stablecoin group. Seven banks plan to launch tokens after pausing a Bank of Korea-led project. Two competing stablecoin bills now in play.

5/ Hong Kong’s @RD_Technologies raises $40M ahead of stablecoin licensing. Backed by HongShan, @HivemindCap, ZA Global, and others, RD will apply as new Hong Kong Monetary Authority rules take effect Aug 1. The stablecoin race in Asia is heating up.

Stay tuned with @Scroll_ZKP and @stable_summit for what happens next.