
Kraken Acquires Hong Kong Stablecoin Firm Reap for $600 Million
Kraken's parent company Payward Inc. has agreed to acquire Hong Kong-based stablecoin and payments specialist Reap for $...
Stablecoins — USDT, USDC, DAI, and on-chain dollars
Stablecoins — USDT, USDC, DAI, USDe, FDUSD, PYUSD — are the on-ramps and settlement rails that connect crypto to fiat dollars. Our stablecoin coverage tracks issuance and redemption flows, reserve attestations and audits, depeg events and recoveries, regulatory regimes (the US GENIUS and STABLE Acts, MiCA in the EU, Singapore MAS rules, Hong Kong's licensing regime), tokenized money-market funds, on-chain T-bill products, and the fast-growing yield-bearing and synthetic-dollar designs. We also follow integrations with payment processors, neobanks, and remittance corridors that move stablecoins toward broader real-world settlement.
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