US banking groups are intensifying pressure on lawmakers to amend the recently passed GENIUS Act, warning that its current structure risks destabilizing the financial system by indirectly enabling crypto exchanges to offer yield on stablecoins. It marks a subsequent attack from banking giants against crypto, after reports that they are trying to disrupt Coinbase and…
Stablecoins promised to revolutionize money. So why are they still stuck in the crypto bubble? Despite a $273 billion market cap, stablecoins remain largely irrelevant to everyday commerce. The technology works perfectly for crypto traders shuffling between exchanges, but that’s about it. Your local coffee shop doesn’t accept USDC. Your landlord won’t take USDT for…
China is reportedly considering allowing the use of yuan-backed stablecoins for the first time. The yuan stablecoin roadmap is expected to be discussed at the Shanghai Cooperation Organisation (SCO) Summit in Tianjin later this month. At the summit, China will promote the wider use of its currency in trade settlements. China is Considering Yuan-Backed Stablecoin…
Bullish simply made crypto historical past by finishing a $1.15 billion IPO totally utilizing stablecoins. It introduced a $1.11 billion deal final week, so it looks like there was zero fiat foreign money concerned on this fee. A full record of belongings consists of USDC, RLUSD, PYUSD, USD1, EURC, USDCV, EURCV, USDG, AUSD, and EURAU….
JPYC Inc., a Tokyo-based fintech, has secured regulatory approval to problem Japan’s first yen-denominated stablecoin and can launch a brand new issuance and redemption platform dubbed “JPYC X” within the coming weeks. The announcement marks a breakthrough for Japan’s digital asset business because it adapts to new laws designed to carry stablecoins below monetary regulation….
Previously a niche tool for crypto, stablecoins are progressively becoming a fixture of mainstream finance. Circle and Tether now have larger US debt portfolios than several sovereign nations. The recent passage of the GENIUS Act legitimized stablecoin use, supercharging interest from banks, payment processors, and Fortune 500 companies. Circle and Tether Quietly Amass More US…
Following the US GENIUS Act, capital is pouring into yield-bearing stablecoins, with Ethena’s USDe leading the charge. However, with explosive growth comes rising concern, with overhanging fears about whether this may be the next breakthrough or the next UST. USDe Supply Surges to $9.5 Billion, Now Third-Largest Stablecoin Ethena’s USDe stablecoin is on an unprecedented…
Cardano founder Charles Hoskinson lauded USDM, a new entrant in the stablecoin market. Reports suggest it may be more advanced than USD Coin (USDC). The stablecoin market remains one of the most competitive sectors in the US, with political players and traditional banks competing for a share of the space. Cardano Founder Hails New Stablecoin…
Trump family’s decentralized finance (DeFi) project, World Liberty Financial, has extended its reach into the stablecoin market, investing $10 million into a synthetic dollar protocol. The investment cements WLFI’s growing influence in the stablecoin market following the recent launch of its own fiat-backed digital asset, USD1. Trump Family’s DeFi Firm Bets on Falcon Finance’s Project…
PayPal announced the expansion of its “Pay with Crypto” platform, allowing US merchants to accept over 100 cryptocurrencies, settle transactions instantly, and reduce international fees by up to 90%. While PayPal’s stablecoin PYUSD is the clearest winner, the ripple effect across altcoins could be significant. PYUSD Sees Immediate Surge, Unlocks 4% Yield on Holdings At…