Crypto product launches continued at a rapid pace, with TradFi industry-focused deployments leading the way. Stablecoins and their ecosystems topped the headlines.
The headlines:
- Grayscale filed for its IPO;
- Uniswap launched an on-chain auctions tool;
- The FDIC revealed plans for tokenized deposits and stablecoin insurance;
- The Senate wants the CFTC to oversee crypto;
- Plus, BlackRock’s BUIDL is now available as off-exchange collateral (more on that later);
- And much more!
As always, these are your Decentralized Diaries!
Bitcoin is at $95k (as of 11/17/25)
The markets continued to dip as Bitcoin slid from a high of $107,428.25 to a low of $93,310.47 before settling at $95,887.80.
Altcoins are in volatile territory.
Ethereum (ETH) is at $3,200.17, Solana (SOL) is at $141.47, Chainlink (LINK) is at $14.09, Avalanche (AVAX) is at $15.60, Uniswap (UNI) is at $7.94, and Polkadot (DOT) is at $2.83.
MoonPay Partners with M0 to Launch Enterprise Stablecoin Ecosystem
Crypto payments specialist MoonPay teamed up with stablecoin ecosystem M0 to launch a new platform. The setup enables MoonPay to build stablecoin capabilities through integration with M0’s infrastructure.
MoonPay also plans to issue several use-case stablecoin tokens under the arrangement.
Grayscale Unveils IPO Listing Plans
Crypto asset behemoth Grayscale initiated the IPO listing process, as revealed in an S-1 filing with the SEC on November 13. According to the document, Grayscale plans to issue Class A common stock and Class B preferred stock with special voting rights.
Several finance heavyweights are serving as underwriters, including Cantor, BofA Securities, Morgan Stanley, and Jeffries.
Digital payments leader Cash App unveiled its first upgrade, which includes Bitcoin location options. Users can now use its Bitcoin map feature to find merchants that accept the token.
Other updates include parental spending controls and AI-powered suggestions.
Visa Targets the Gig Economy with USDC Payments
A new pilot from payments behemoth Visa, in partnership with Circle, will allow fiat-to-stablecoin payments. The initiative will enable firms to send fiat payments directly to gig worker USDC token wallets.
Additionally, Visa has yet to confirm the specifics of the arrangement’s onboarding.
Uniswap Unveils On-Chain Auctions Token Launch Tool
DeFi ecosystem Uniswap drew inspiration from the old ICO token days with the introduction of a new Auctions feature. Uniswap’s Continuous Clearing Auctions (CCA) is an on-chain digital asset sale platform that facilitates ongoing sales.
On November 13, Uniswap announced its commitment to developing tools that improve liquidity within its ecosystem.
Coinbase Unveils Texan Domiciliation Plans
The Lone Star State may be the next crypto haven if ongoing trends continue. Coinbase is the latest big player to announce plans to incorporate in the State of Texas.
Chief Legal Officer Paul Grewal announced in a November 12 Twitter post that the cryptocurrency exchange plans to relocate its incorporation to Texas, away from its current location in Delaware.
FDIC Mulls Tokenized Deposit, Stablecoin Insurance
America’s top insurance regulator is working on a tokenized deposit and stablecoin framework, Bloomberg reported on November 13. At the Federal Reserve Bank of Philadelphia’s Fintech Conference, Acting FDIC Chair Travis Hill revealed the regulator is working to enable an ecosystem.
Hill also mentioned expectations for a documentary process at the end of the year.
Nebraska Unveils a State Stablecoin Charter
Still on stablecoins, on November 12, the Nebraska Department of Banking and Finance announced the approval of a stablecoin charter for Telcoin Digital Asset Bank. The registered entity can now operate as a digital asset deposit institution in the Cornhusker State.
Nebraska issued a charter to a digital asset bank with stablecoin minting capabilities.
Feds Go Hard on Crypto Crime
The DoJ, FBI, and Secret Service unveiled a new joint strike force to combat crypto-related scams. The strike force will focus on dismantling large-scale fraud networks that exploit cryptocurrencies for money laundering, investment scams, and other illicit activities.
The initiative brings together federal law enforcement agencies with expertise in cybercrime, financial fraud, and blockchain forensics.
BNY Unveils Stablecoin Reserves Fund
Banking behemoth BNY introduced the BNY Dreyfus Stablecoin Reserves Fund (BSRXX), a money market fund to hold reserves for US stablecoin issuers. The fund maintains a (relatively) stable one-dollar share price and invests in cash and US Treasuries.
Crypto bank Anchorage Digital made the first investment into the fund.
Wrapped Bitcoin is Live on the Hedera Blockchain
Boutique blockchain Hedera teamed up with LayerZero and BitGo to enable wrapped Bitcoin. Users on the Hedera Network can now deploy the wBTC token for DeFi transactions.
Furthermore, the wBTC token has a 1:1 parity with Bitcoin.
FIS, Intain Markets Partner to Boost US Banking Liquidity on Avalanche
Intain, FIS, and Avalanche partnered to launch a digital liquidity gateway that connects community banks to capital markets through blockchain technology. The initiative centers on a loan marketplace, which allows banks to originate, tokenize, and distribute loans.
The gateway serves around 2,000 community banks across the United States. The offering combines Avalanche’s blockchain infrastructure with FIS’s banking technology and Intain’s structured finance expertise.
A Draft Senate Bill Gives the CFTC Crypto Oversight
On November 10, Sen. John Boozman (R) and Sen. Cory Booker (D) introduced bipartisan legislation that aims to give the CFTC digital asset oversight authority. According to the bill, the CFTC will be able to establish a comprehensive digital commodity framework, enforce rules, and determine fees.
Moreover, the proposed bill will grant the regulator the authority to establish registration procedures for crypto trading venues.
SoFi Enables Crypto Trading
Premier fintech SoFi reentered the crypto market with the launch of “SoFi Crypto.” Users can now trade Bitcoin, Ethereum, Solana, and up to 30 digital assets directly from their SoFi accounts.
The rollout marks SoFi’s return to crypto after discontinuing its earlier trading service in 2023. With this new platform, customers can buy and sell cryptocurrencies using funds from their FDIC-insured checking or savings accounts, eliminating the need to open a separate crypto account.
Binance Enables BlackRock’s BUIDL as Off-Exchange Institutional Collateral
Boutique crypto exchange Binance now accepts BlackRock’s tokenized money market fund, BUIDL, as collateral for institutional traders. The integration allows major financial institutions to trade on the Binance exchange while keeping their BUIDL assets with an external custodian.
Furthermore, the setup lets traders use BUIDL to back their trading positions and still earn yields from the fund. The move also opens the door for tokenized token support, including OpenEden’s cUSDO and Circle’s USYC.
