Stories tagged “Stablecoins.”
30 stories
The U.S. Department of the Treasury proposed rules defining which stablecoins can be issued or sold in the United States under the GENIUS Act. Beginning January 18, 2027, stablecoin issuers generally must obtain a federal or state license.
BIP-110, a proposal to eradicate spam from the blockchain, has been pronounced Dead On Arrival after securing just 2.5% support. CLARITY, a Senate bill aimed at regulating stablecoins, has been punted to September. Bitcoin security group Bitcoin Red Team has found nearly …
The International Monetary Fund's First Deputy Managing Director, Dan Katz, suggests that domestic stablecoins could boost demand for dollar-backed tokens. He believes that users may favor digital dollars due to their liquidity, network effects, and cross-border acceptance.
Crypto business is converging with banking as stablecoin reserves, tokenized funds, Treasury income, and balance sheet management become key profit drivers. BlackRock launched tokenized money market funds for stablecoin reserves, and Tether generated another $1.5 billion …
Stripe-owned Bridge has been added to the EU's Markets in Crypto-Assets Regulation (MiCA) register, following regulatory approval in Luxembourg.
Binance has sued Hong Kong-based RedotPay and its founders, alleging the firm diverted about 470,000 Binance customers and caused nearly $473 million in losses to the exchange. RedotPay has rejected the claims as unfounded and vowed to defend itself ‘vigorously’.
Visa is expanding its stablecoin payment offerings through an arrangement with crypto infrastructure provider Zerohash, allowing eligible Visa Direct clients to prefund accounts and send payouts using stablecoins.
Western Union has launched Stablecard, a digital wallet and Visa-branded card that enables users to hold and spend a US dollar-backed stablecoin, marking one of the company's biggest moves into blockchain-based payments.
S&P Global Ratings has assigned its highest principal stability fund rating, "AAAm," to BlackRock's new tokenized money market fund, BRSRV, recognizing its robust investment strategy and management. This top rating contrasts sharply with S&P's separate assessment, which r…
Cloudflare has launched programmable Wallets for AI agents, designed to simplify identity and facilitate stablecoin micropayments for APIs and digital content.
The launch of Open USD, backed by Coinbase, Visa and Mastercard, initially sparked fears of a direct challenge to Circle’s USDC and wiped billions from Circle’s market value. Executives at Coinbase, Visa and Mastercard now say they are pursuing a multi-stablecoin, multi-c…
Samsung plans to add native stablecoin features to 800 million new Galaxy smartphones via Samsung Wallet, potentially making it a dominant distributor of tokens like USDC.
A DeFi platform, Spark, has ditched its consumer app to become the secret backend for tech giants, supplying yield to firms like Robinhood. The stablecoin market is fragmenting, and Spark is betting it can capitalize on the split.
A Bank of Italy study found that stablecoin remittances are not systematically cheaper than traditional money transfer operators once the full journey is taken into account. End-to-end costs varied dramatically, ranging from 0.3% to almost 9% of the value transferred.
Circle, the USDC stablecoin issuer, has received a limited-purpose trust charter from the New York Department of Financial Services. This allows Circle to operate a New York trust company that can provide digital asset custody, but cannot accept deposits or make loans lik…
Circle, the issuer of USDC, has secured a limited purpose trust charter from the New York Department of Financial Services (NYDFS), allowing it to offer fiduciary, custody, and asset-management services.
The CEO of the American Bankers Association, Rob Nichols, has said that the banking lobby wants the Clarity Act to succeed — but small edits to the bill still need to be made. The bill was passed last year by the House of Representatives but has been in deadlock after ban…
PayPal reported Q2 earnings of $1.26 per share and $8.68 billion in revenue, highlighting growth of stablecoins and AI-driven payment tools.
The IMF warns that Brazil's stablecoin market has grown rapidly since 2017, with cross-border crypto flows increasing faster than traditional capital flows. The report highlights the need for closer oversight and regulation of the market.
Wise, a payments company, plans to resubmit its application for a national trust bank charter with the US Office of the Comptroller of the Currency (OCC) under a GENIUS Act framework. The company was previously denied a charter due to AML/CFT risks.
Samsung Wallet will add native support for stablecoins, including USDC, at Galaxy Unpacked in London on July 22. This move builds on the company's existing crypto wallet offerings and aims to make stablecoins a seamless part of users' digital lives.
Ripple has launched Ripple Mint, a new platform designed to provide institutions with enhanced access to its US dollar-pegged stablecoin, Ripple USD (RLUSD). The platform facilitates minting, redeeming, and managing RLUSD through web interfaces or API integrations.
Ripple launched an institutional minting platform, Ripple Mint, and integrated its RLUSD stablecoin into Notabene's compliance network, aiming to boost institutional usage. These moves come as RLUSD's monthly transfer volume fell by 25%, despite an increase in holder counts.
Tassat, a fintech firm, is launching a stablecoin reserve management platform to help regional and midsize U.S. banks compete for stablecoin reserves. The platform, called Project NENYA, will create a shared marketplace where regulated stablecoin issuers can allocate rese…
Goldman Sachs CEO David Solomon supports the CLARITY Act, a crypto market structure bill, despite banking industry concerns over stablecoin rules. He believes the legislation creates a more stable regulatory framework.
Augustus, a startup building a federally chartered clearing bank, raised $180 million in a Series B round led by Tiger Global. The company will use the funds to build a stablecoin-ready 'Global Dollar Bank' that moves money across traditional rails.
Japanese logistics firm AZ-Com Maruwa Holdings plans to pay 2,300 partners, including truck drivers, using the regulated yen stablecoin JPYC. This marks the first large-scale corporate use of a stablecoin in day-to-day operations in Japan.
The GENIUS Act, a law addressing stablecoins, turns 1 year old. Regulators are still working on crafting rules for stablecoin issuers.
The GENIUS Act has hit its first anniversary without U.S. regulators yet meeting deadlines to write regulations, though rules will be in full effect by July 2028. Tether's USDT may have some compliance work ahead of it.
US regulatory agencies missed the GENIUS Act's one-year deadline for finalizing implementing regulations for stablecoins, issuing 10 proposed rules instead.