Stablecoin

On January 21, 2026, Evernorth said it will raise over $1 billion to build a large institutional XRP treasury in partnership with t54 Labs, using AI agents on XRPL. The plan includes institutional lending, liquidity provisioning and DeFi yields, while XRP traded at $1.95, up 2.94% in 24 hours with $4.24 billion volume.

The crypto market structure bill known as the CLARITY Act could be pushed to late February or March as the Senate Banking Committee turns to President Donald Trump’s housing agenda. The White House’s David Sacks urged a compromise on stablecoin yield. Separately, Senate Agriculture Chair John Boozman said he will advance the bill on 27 January.

On January 22, 2026, Binance will list Ripple's USD-backed stablecoin RLUSD for spot trading with zero transaction fees. Beginning January 23, 2026, RLUSD will also be enabled as a borrowable asset in both cross-margin and isolated-margin markets, expanding its use for traders. The stablecoin is priced at $1.00 with a market cap of $1.34 billion and a 24-hour trading volume of $173.05 million, reflecting growing liquidity.

According to a Bloomberg report on Thursday, the US CLARITY Act crypto market structure bill could be delayed until late February or March as the Senate Banking Committee prioritizes housing legislation connected to President Trump's affordability agenda. The bill, which aims to clarify oversight between the SEC and CFTC and restrict high-yield stablecoin products, lost support from Coinbase and has become a point of contention among lawmakers and banking lobby groups. Crypto markets saw only modest moves, with total capitalization near $3.1 trillion and Bitcoin trading around $89,800 after briefly touching $90,000.

Bitwise said in a report shared Wednesday that Q4 2025 revealed weaker prices alongside strengthening on‑chain activity and revenues, a setup it associates with bear‑market lows. CIO Matt Hougan drew parallels to early 2023 and flagged record usage on Ethereum and layer‑2s, a stablecoin market cap above $300 billion, and DeFi volumes surpassing centralized peers, while outlooks for 2026 remain divided.

On 22 January 2026 at 08:30, Ripple unveiled a partnership with DXC Technology to link its XRP and RLUSD payments to the Hogan core banking platform. Banks using Hogan can add blockchain payments, custody and tokenization without replacing existing systems, with transactions expected to settle on the XRP Ledger.

On January 22, Saga paused its Ethereum-compatible SagaEVM chainlet after an unauthorized breach that the team said caused about $7 million in losses. The incident destabilized Saga Dollar to $0.75 and was followed by a 55% drop in TVL within 24 hours, with operations halted for an audit and address blacklisting.

Layer-1 protocol Saga paused its Ethereum-compatible SagaEVM chainlet on Wednesday following a $7 million exploit. Its dollar-pegged stablecoin fell to $0.75 around 10:16 pm UTC, and TVL slid roughly 55% from over $37 million to $16 million. The team says the network remains sound and has begun blacklisting the attacker's address.

U.S. Senate Agriculture Committee chair John Boozman said Republicans on the panel have not reached agreement with Democrats on key elements of a new crypto market structure bill, even as a Republican draft was released for a Jan. 27 markup. The proposal outlines how the SEC and CFTC would oversee digital asset markets and adds protections for DeFi developers and certain intermediaries while excluding stablecoin yield rules, which fall under the Banking Committee.

Bitwise chief investment officer Matt Hougan said in a report shared on Wednesday that the fourth quarter of 2025 showed mixed signals and may have marked a crypto bear‑market bottom. He compared the setup to early 2023, when prices climbed from around $16,000 to $98,000 by early 2025, and highlighted record Ethereum and layer‑2 activity, a stablecoin market cap above $300 billion, and rising DeFi usage.