IssuerFiservFintech
Peg: US DollarFiat ReserveCeFi
Multi-partner payment infrastructure stablecoin involving Paxos, Circle, PayPal, and Mastercard.
💡 Fiserv and PayPal announced FIUSD/PYUSD interoperability for cross-border flows. Mastercard integration covering 150M+ merchants also confirmed.
ROUGHRIDER
Roughrider Coin
IssuerBank of North DakotaBank
Peg: US DollarFiat ReserveCeFiSolana
Wholesale stablecoin for bank-to-bank settlement. Backed by USD reserves and Treasury notes.
💡 First US state-chartered bank stablecoin. 10 local banks have expressed interest in the pilot; state regulators approved for bank-to-bank transactions.
IssuerTangent FinanceDeFi Protocol
Peg: US DollarCrypto CDPDeFi
Over-collateralized CDP stablecoin accepting DeFi collateral including Curve LPs and Pendle PTs.
💡 Sherlock audit contest is currently active. Q2 2026 target appears on track.
IssuerKlarnaFintech
Peg: US DollarFiat ReserveCeFiTempo L1
Issued via Stripe Bridge infrastructure. Initial use case: reducing Klarna's cross-border settlement costs.
💡 Tempo L1 mainnet went live March 18 — mainnet migration of KlarnaUSD is imminent. Tempo now counts Mastercard, Visa, Revolut, and Shopify as partners.
IssuerPolaris FinanceDeFi Protocol
Peg: US DollarCrypto CDPDeFiEthereum
Immutable crypto-collateralized CDP with no admin keys. Backed by pETH collateral.
💡 Immutability is the key differentiator — no governance attack surface.
IssuerPolaris FinanceDeFi Protocol
Peg: GoldCrypto CDPDeFiEthereum
Synthetic gold exposure without physical backing. Minted via pETH collateral.
💡 Part of the Polaris Finance ecosystem alongside pUSD.
CHFS
Swiss Franc Stablecoin
IssuerUBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, BCV, Swiss Stablecoin AGBank
Peg: Swiss FrancFiat ReserveCeFiEthereum
Live controlled sandbox launched April 8 by six major Swiss banks to evaluate CHF stablecoin feasibility. Infrastructure provided by Swiss Stablecoin AG. Transaction limits apply during the sandbox phase.
💡 First Swiss franc stablecoin backed by a major multi-bank consortium. Sandbox runs through end of 2026; a production launch decision is expected after evaluation.
USDPT
US Dollar Payment Token
IssuerWestern Union / Anchorage DigitalBank
Peg: US DollarFiat ReserveCeFiSolana
RWA-backed stablecoin issued by Anchorage Digital Bank with Western Union distribution across 200+ countries.
💡 Largest remittance corridor play in stablecoin space. H1 2026 target unchanged.
IssuerQivalis (12-bank European consortium)Bank
Peg: EuroFiat ReserveCeFi
MiCA-compliant euro stablecoin backed by a consortium of 12 major European banks including BNP Paribas, ING, UniCredit, BBVA, Danske Bank, DZ Bank, SEB, and others.
💡 Consortium expanded from 4 to 12 banks. Qivalis has filed for Electronic Money Institution (EMI) authorization with the Dutch Central Bank and is in advanced talks with crypto exchanges for liquidity.
IssuerHSBCBank
Peg: Hong Kong DollarFiat ReserveCeFi
HSBC received one of only two first-round stablecoin issuer licenses from the HKMA (Hong Kong Monetary Authority) on April 10, selected from 36 applicants. Planned integration into PayMe and HSBC HK Mobile Banking App.
💡 The HKMA license is required to issue stablecoins under Hong Kong's Stablecoins Ordinance. HSBC's distribution through PayMe gives immediate retail access at scale.
HKDA
Anchorpoint HKD Stablecoin
IssuerAnchorpoint Financial (Standard Chartered + Animoca Brands)Bank
Peg: Hong Kong DollarFiat ReserveCeFi
Standard Chartered-led consortium with Animoca Brands received the second HKMA stablecoin issuer license on April 10. Combines traditional bank custody with Animoca's Web3 distribution reach.
💡 Pairing a top-tier global custodian (StanChart) with the largest Web3 gaming/NFT distribution network (Animoca) targets both TradFi settlement and on-chain consumer use cases.
