Visa Launches Stablecoin Settlement, SRx Health Acquires EMJX

Visa is offering stablecoin settlement for U.S. banks using Circle's USDC while SRx Health enters an agreement to acquire EMJX for a next-generation digital asset treasury platform.  Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly.VISA LAUNCHES STABLECOIN SETTLEMENT IN THE U.S.:Visaannounced Tuesday theU.S. issuer and acquirer partners can now settle with Visa in Circle'sUSDC, a fully reserved, dollar-denominated stablecoin. With USDC settlement, issuers can benefit from faster funds movement over blockchains, seven‑day availability and enhanced operational resilience across weekends and holidays, the companies said. Initial banking participants include Cross River Bank and Lead Bank, which have started settling with Visa in USDC over the Solana blockchain. Broader availability in the U.S. is planned through 2026."Visa is expanding stablecoin settlement because our banking partners are not only asking about it - they're preparing to use it," said Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships, Visa. "Financial institutions are looking for faster, programmable settlement options that integrate seamlessly with their existing treasury operations. By bringing USDC settlement to the U.S., Visa is delivering a reliable, bank‑ready capability that improves treasury efficiency while maintaining the security, compliance and resiliency standards our network requires."SRX HEALTH TO ACQUIRE EMJ CRYPTO TECHNOLOGIES:SRx Health Solutionsannounced Tuesday that it hasa digital-asset treasury platform designed as a treasury operating system, applying quantitative models, artificial intelligence, and systematic risk controls to multi-asset digital treasury management. Upon completion of the transaction, Eric Jackson, Founder and CEO of EMJX, is expected to serve as CEO and Chairman of the combined company. The SRx Health Board of Directors has unanimously approved the transaction, which is subject to approval by SRx Health shareholders and other customary closing conditions. Closing is expected during 1Q26.Jackson said, "Every major technology category goes through generational transitions. In digital assets, we believe the next phase is defined by disciplined risk management and multi-asset flexibility rather than single-asset exposure alone. Many digital-asset treasuries today function more like passive markers in the market — they rise and fall with price movements. EMJX is designed to operate more like a vessel with navigation systems, applying quantitative models and AI-enabled risk controls to help manage volatility across market cycles. Our objective is to reinvest capital back into the treasury over time rather than rely on dilution, and to build a transparent, institutional-grade platform with a long-term orientation. Platforms aren't valued on what they hold – they're valued on what they enable."COINBASE PRICE TARGET LOWERED:Mizuho lowered the firm's price target on Coinbasetoon the shares. The firm's survey of over 230 Coinbase and Robinhoodusers indicates strong engagement with the prediction markets. Coinbase and Robinhood users are 9-times more likely to participate in prediction markets versus non-users, the analyst said. Mizuho expects expect Robinhood to see greater medium-term revenue upside, supported by "fresh capital inflows" and a Q4 run-rate of $300M. It trimmed Coinbase's price target to reflect softer than initially expected Q4 trends and lower bitcoin price levels.ANALYST INITIATES HYPERLIQUID TREASURY COMPANIES:Cantor Fitzgerald initiated coverage of Hyperliquid Strategieswith. Hyperliquid Strategies is a Hyperliquid digital asset treasury company and Hyperliquid is a decentralized exchange for trading perpetual futures, built on its own custom layer-1 blockchain, noted the analyst, who sees HYPE, along with other perpetual DEX peers, taking share from centralized exchanges. HYPE DATs are an attractive way to gain exposure to HYPE, which the firm believes to be "one of the most attractive protocols across crypto," the analyst added. Cantor Fitzgerald also initiated coverage of Hyperion DeFiwithBITCOIN HOLDINGS:American Bitcoinreported Tuesday itas of December 14, placing the company among the top 20 publicly traded bitcoin treasury companies by bitcoin holdings. The bitcoin were acquired through a combination of bitcoin mining and strategic purchases and include bitcoin held in custody or pledged for miner purchases under an agreement with BITMAIN."I am incredibly proud of our tremendous growth," said Eric Trump, Chief Strategy Officer. "In just over three months since our Nasdaq listing, we have surged past dozens of companies—with our Bitcoin reserve now exceeding 5,098 BTC—propelling us into the top 20 publicly traded Bitcoin treasury companies and demonstrating the explosive speed and scaling power of our strategy."Hyperscale Dataalso announced Tuesday that its bitcoin treasury, including current holdings and cash allocated to committed purchases of bitcoin,This amount represents approximately 97.5% of the company's market capitalization, based on the company's stock price at the close of trading on December 15. The company remains committed to its long-term goal of accumulating bitcoin equal to 100% of its market capitalization as part of its broader $100M digital asset treasury strategy."Reaching 97.5% of the market capitalization is a significant milestone for the Company," stated Milton Ault III, Executive Chairman. "Despite volatility in the price of Bitcoin, we are focused at accumulating more Bitcoin at lower prices which positions the Company to further capitalize on long-term appreciation of Bitcoin."PRICE ACTION:As of time of writing, bitcoin was trading at $87,931, while ether was trading at $2,953, according to price data from CoinDesk.