Treasury Secretary Bessent urges swift Senate action on CLARITY Act amid crypto uncertainty
US Treasury Secretary Scott Bessent has publicly called for immediate Senate action on the CLARITY Act, a bill designed to…
Banks remain cautious as stablecoin market experiences rapid growth
Stablecoin market growth is prompting banks to adopt cautious and deliberate strategies. Regulatory pressures and new competitors challenge traditional banking…
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…
Polygon Labs seeks funding for stablecoin payments business amid shifting crypto landscape
Polygon Labs is raising funds for a new stablecoin payments business amid evolving crypto conditions. Acquisitions of Coinme and Sequence…
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…
White House advisors downplay risks of stablecoin yields to US bank lending
White House advisors find stablecoin yield restrictions offer minimal benefit to bank lending volumes. Banking sector leaders warn of possible…
Six major Swiss banks begin pilot project for franc-backed stablecoin
Six prominent Swiss banks collaborate on a pilot for a franc-backed blockchain stablecoin. The initiative aims to test digital currency…
South Korea prepares legislative roadmap for regulating tokenized real assets and stablecoins
South Korea’s lawmakers are preparing new regulations for tokenized assets and stablecoins. Stablecoins will be overseen under foreign exchange rules,…
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…
Polymarket introduces Polymarket USD stablecoin and unveils major trading system overhaul
Polymarket is rolling out a platform upgrade featuring a new stablecoin and order matching system. Users will transition to Polymarket…
