Browsing: Stablecoins

Legislation to regulate dollar-linked tokens would tie digital assets into the broader financial system, a development that both boosters and critics consider significant.

The Senate passed legislation regulating stablecoins, a type of cryptocurrency, despite concerns over President Trump’s personal financial interests in the crypto space.

Large retailers like Walmart and Amazon may develop their own cryptocurrencies to bypass traditional payment systems, potentially disrupting the banking industry.

Visa explains how stablecoins can enhance digital wallets, payment features, and cross-border money movement for banks and fintech companies.

Stablecoins are emerging as a significant application of blockchain technology, attracting Fortune 500 companies while causing concern among banks

Major tech companies including Apple, X, Airbnb, and Google are in early talks with crypto firms about adopting stablecoins to reduce transaction fees and improve cross-border payments

The Financial Conduct Authority (FCA) has published proposals for a prudential regime for cryptoasset firms, including rules for issuing stablecoins, crypto custody, and financial resilience.

The ‘Genius’ bill, backed by the crypto industry, aims to establish rules for stablecoins, a type of digital asset pegged to traditional currencies. Critics warn it could lead to corruption and create ‘too big to fail’ financial institutions.

Brazil’s central bank chief Gabriel Galipolo reports a significant surge in crypto asset usage, mainly driven by stablecoins used for international purchases

Bitcoin surges past $110,000 as the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act advances in the US Senate with bipartisan support