Stable Standard - Week of March 10th, 2025

BNY expands Circle partnership, Mesh raises $82M via PYUSD, MoonPay acquires Iron.xyz for >$100M, plus new launches from Ethena/Securitize and Circle's CCTP V2.

While total stablecoin issuance for non-USD stablecoins is <1% of total stablecoin issuance, issuance of EURC has 3x’ed in the last year BNY Expands Circle Partnership The Information reported that BNY, America's oldest bank, is expanding services with Circle that allows clients to send money to and from Circle through BNY for stablecoin mints and redemptions. This new partnership helps Circle push broader adoption of its dollar-pegged stablecoins among traditional financial firms. Previously, Circle worked with smaller banking institutions such as Customers Bank for processing in the US,…

related reading

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