HBAR News – On July 13, 2025, BNY Mellon joined the Hedera Governing Council to provide custody solutions for stablecoin reserves, boosting HBAR 5% to $0.2052.
This follows BNY Mellon’s role as custodian for Ripple’s RLUSD and aligns with Hedera’s $500 million Q2 stablecoin volume.
Hedera’s hashgraph, processing thousands of transactions per second, supports stablecoins like USDC, with a network supply of $131 million, enhancing its enterprise appeal.
BNY Mellon’s expertise in asset custody ensures compliance with regulations like the EU’s MiCA and the U.S.’s GENIUS Act, which mandate 1:1 reserves. The BIS’s June 24 report highlighted stablecoin risks to financial stability, making trusted custodians critical.
Hedera’s council, including Google and IBM, strengthens its governance, positioning it against Solana-based stablecoins like PYUSD.
The partnership targets institutional demand for secure stablecoin transactions, cutting costs for cross-border payments, per the Atlantic Council.
HBAR’s trading volume hit $373 million, with futures open interest at $225.98 million. However, regulatory uncertainty, with the GENIUS Act vote delayed, and competition from Hong Kong’s $1.2 billion stablecoin issuance pose challenges.
Analysts forecast HBAR could reach $0.27 if custody adoption grows.
BNY Mellon’s involvement elevates Hedera’s role in regulated stablecoin markets, but success depends on scaling custody solutions and navigating global regulations.
