White House allies ramp up support for CLARITY Act ahead of Senate session
Officials linked to the White House are urging swift Senate action on the CLARITY Act this April. Key financial regulators…
Swiss banks launch pilot for Swiss franc stablecoin on Ethereum
Six Swiss banks are piloting a Swiss franc stablecoin on Ethereum in a long-term sandbox program. The initiative involves both…
Iran allows oil tankers to pay Hormuz Strait transit fees with Bitcoin amid sanctions
Iran now accepts Bitcoin for shipping fees through the Strait of Hormuz amid strict sanctions. Crypto adoption in Iran is…
Stablecoin payments projected to transform finance as volumes forecast to surge by 2035
A new report anticipates stablecoin usage to increase significantly driven by demographic and industry trends. Major financial firms and merchants…
WLFI token falls after partner controversy and treasury actions spark concerns
WLFI token dropped sharply after controversies involving both business partners and treasury operations. Investigations surfaced about WLFI's connections with partners…
Cryptocurrency card transaction volumes triple in March amid changing stablecoin landscape
Crypto card transaction volumes reached $600 million in March, up threefold year-on-year. USDT remains the market leader, but USDC use…
Stablecoins expected to play central role in global payments as adoption accelerates
Stablecoin transaction volumes could grow to $1.5 quadrillion worldwide within ten years. Generational shifts and new payment technologies are accelerating…
US Treasury unveils joint rule proposal for stablecoin issuers amid new regulatory framework
The US Treasury has proposed joint stablecoin rules to fight financial crime and support innovation. Only authorized and fully backed…
Ethereum Foundation converts 5,000 ETH to stablecoins after treasury policy update
The Ethereum Foundation is converting 5,000 ETH to stablecoins following a new treasury policy. The policy aims to secure operations…
US Treasury plans stricter oversight for stablecoin issuers amid efforts to combat financial crime
The US Treasury is drafting regulations to better supervise stablecoin issuers and address financial crime risks. New rules would require…
Circle launches new payment platform as part of stablecoin expansion strategy
Circle launched CPN Managed Payments to simplify stablecoin use for financial institutions. The platform handles all technical and regulatory aspects,…
White House report questions banking sector concerns over stablecoin yield restrictions
A White House report suggests banning stablecoin yields won't substantially boost bank lending. The findings challenge banks' arguments, indicating limited…
World Liberty Financial’s treasury draws attention after draining stablecoin pool on Dolomite
World Liberty Financial borrowed a major sum of USD1 stablecoin from Dolomite using its own tokens as collateral. This action…
FDIC proposes new regulatory framework for stablecoin issuers following federal law
The FDIC proposed a regulatory framework for stablecoin issuers, initiating a public comment period. The GENIUS Act requires stablecoins be…
Circle outlines Arc blockchain’s quantum-resistant roadmap in response to looming cryptographic threats
Circle is advancing Arc blockchain with features designed for quantum resistance across its ecosystem. The company urges the crypto industry…
Turkey’s stablecoin transactions outpace GDP growth, sparking calls for local issuance
Turkey’s stablecoin transactions have reached significant levels relative to its GDP. The report recommends a phased local stablecoin model to…
IMF warns faster financial contagion risk after tokenization of assets
The IMF warned that tokenization could speed up the spread of financial crises globally. Legal uncertainties and the vulnerability of…
Circle’s response to the $285 million Drift protocol hack sparks debate over USDC intervention powers
The $285 million Drift attack led to scrutiny of Circle’s USDC intervention policies. Experts are divided over when and how…
Hong Kong stablecoin license rollout delayed despite regulator’s March timetable
The HKMA has postponed the start of Hong Kong dollar stablecoin licensing beyond March. Officials emphasize innovation, sustainability, and compliance…
Euro stability aims to strengthen as major European banks push Qivalis stablecoin after CEO’s warning
Qivalis, supported by major banks, plans to launch a euro stablecoin to counter dollar dominance. Regulatory approval is pending, with…
