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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.
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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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The Solana Institute has urged U.S. senators to preserve key provisions of the CLARITY Act as industry participants increasingly look toward an August timeline for advancing the legislation through Congress. According to Solana Institute President Kristin Smith, the Blockchain Regulatory…
Markets
The odds of securing a July 4 signing for the CLARITY Act have narrowed, with lawmakers, industry groups, and market observers increasingly turning their attention to the August recess. According to reporting from Crypto In America, many policymakers and industry…
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Paradigm has led a $9 million Series A funding round for Latin American payments platform El Dorado as the company expands stablecoin-powered cross-border transfers across underserved markets in the region. According to a June 15 announcement from Paradigm, the investment…
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The article was updated with a quote from Early Warning Services CEO Cameron Fowler. Zelle operator Early Warning Services has announced plans to launch cross-border remittances to India and has introduced a U.S. dollar-backed stablecoin as part of its international…
