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U.S. regulators have proposed requiring certain payment stablecoin issuers to verify customer identities under a new rule issued as part of the GENIUS Act framework. The Federal Reserve Board said Thursday that it is seeking public comment on a joint…
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XRPL community debate says stablecoins and XRP can work together, with XRP serving as a neutral bridge asset where direct pools do not scale.
XRP
XRP
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SBI Remit has partnered with digital asset platform Fasset to develop stablecoin-based infrastructure for cross-border payments and other financial services. According to a press release shared with crypto.news, the initiative will combine SBI Remit’s international remittance network with Fasset’s blockchain-powered…
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Fidelity Investments has launched a money market fund aimed at stablecoin issuers and institutional investors seeking to meet reserve requirements under the GENIUS Act. Fidelity said on Thursday that the new Fidelity Reserves Digital Fund will invest in cash, short-term…
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The People’s Bank of China said stablecoins could play a larger role in cross-border payments and called for closer monitoring of their impact on the international monetary system and global payment networks. According to remarks delivered by Wang Xin, director-general…
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Tether has reduced its Bitdeer holdings by 627,000 shares after selling stock worth about $12.7 million, while retaining a 19.7% stake in the Bitcoin mining and AI infrastructure company. According to TheEnergyMag, the USDT issuer sold the shares on June…
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Congress reaches a housing bill deal that would block a Federal Reserve CBDC until 2030 while sparing private stablecoins under latest bill.
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CryptoQuant CEO Ki Young Ju says altcoins can survive if they have real revenue, strong ecosystems, and fit finance trends after hype fades.
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Senators press Treasury to keep state regulators in the GENIUS Act stablecoin process as final rulemaking moves ahead after comments closed.
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The CLARITY Act has advanced toward a potential July Senate vote, though negotiations over conflict-of-interest provisions continue to divide lawmakers. According to David Nage, managing director and portfolio manager at Arca, discussions with Senate offices and staff members in Washington…
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State Street has launched a government money market fund tailored for stablecoin issuers as new U.S. regulations begin to define how reserve assets can be managed under the GENIUS Act. According to State Street, the newly introduced State Street Stablecoin…
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Circle reportedly minted 1B USDC on Solana, lifting weekly issuance to 3.5B as payments, trading liquidity, and USDC settlement grow.
USDC
USDC
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IMF says Nigeria’s stablecoin boom eases payments but may weaken naira policy, raise illicit finance risks, and test crypto oversight rules.
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South Korean authorities have dismantled an alleged cryptocurrency laundering operation that moved 16.8 billion won ($11.1 million) through USDT transactions and exchange transfers on behalf of a Cambodia-based phishing syndicate. According to local news outlet Newsis, the Seoul Metropolitan Police…
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Nuvei has agreed to acquire Payoneer in a $2.75 billion all-cash deal, adding the cross-border payments firm’s global payout network and regulatory licenses to its financial infrastructure business. According to a joint announcement from the companies on June 15, Nuvei…
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GAO urged the FDIC to coordinate with federal regulators on blockchain risks as stablecoin and crypto market rules move forward.
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