From Cointelegraph

June 13, 2025 2:31:00 pm:

Sixteen years after Bitcoin’s launch, stablecoins are making waves in the banking sector as Fortune 500 companies explore their transformative potential. Meta Platforms is building a “superintelligence” unit, led by Scale AI founder, amidst reports of a $15 billion acquisition. The stablecoin market has exceeded $250 billion, with interest from 29% of Fortune 500 companies.

Nasdaq-listed Netcapital acquires Web3 gaming platform Mixie, potentially the first time a publicly traded company has acquired a crypto-native protocol. Guggenheim partners with Ripple to expand its digital debt offering on the XRP Ledger, backed by US Treasurys and Ripple’s stablecoin RLUSD. This partnership includes a $10 million investment from Ripple.

Zuckerberg’s Meta Platforms acquires a 49% stake in Scale AI to bolster its AI capabilities, following frustrations with AI progress. The deal brings Scale AI CEO Alexandr Wang into Meta’s “superintelligence” team. The US banking lobby is concerned about yield-bearing stablecoins disrupting their business, despite growing interest from major companies.

Read more at Cointelegraph: Stablecoins Surge, Meta’s AI Ambitions Grow