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Stablecoin News

Latest Stablecoin News

Senators warn Treasury not to sideline states in GENIUS Act rules
News
Read more - GENIUS Act fight grows as senators defend state regulators

GENIUS Act fight grows as senators defend state regulators

Senators press Treasury to keep state regulators in the GENIUS Act stablecoin process as final rulemaking moves ahead after comments closed.
CLARITY Act faces ethics showdown as David Nage eyes July vote - 3
News
Read more - CLARITY Act faces ethics showdown as David Nage eyes July vote

CLARITY Act faces ethics showdown as David Nage eyes July vote

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…
State Street unveils stablecoin fund as GENIUS Act reshapes reserves - 4
News
Read more - State Street unveils stablecoin fund as GENIUS Act reshapes reserves

State Street unveils stablecoin fund as GENIUS Act reshapes reserves

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…
Circle mints 1B USDC on Solana as weekly issuance hits 3.5B
News
Read more - Circle mints 1B USDC on Solana as weekly issuance hits 3.5B

Circle mints 1B USDC on Solana as weekly issuance hits 3.5B

Circle reportedly minted 1B USDC on Solana, lifting weekly issuance to 3.5B as payments, trading liquidity, and USDC settlement grow.
USDC USDC USDC
IMF warns Nigeria stablecoin boom is testing monetary rules
News
Read more - IMF warns Nigeria stablecoin boom is testing monetary rules

IMF warns Nigeria stablecoin boom is testing monetary rules

IMF says Nigeria’s stablecoin boom eases payments but may weaken naira policy, raise illicit finance risks, and test crypto oversight rules.
South Korea arrests 23 over USDT laundering for Cambodian fraud network - 5
News
Read more - South Korea arrests 23 over USDT laundering for Cambodian fraud network

South Korea arrests 23 over USDT laundering for Cambodian fraud network

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…
Nuvei to acquire stablecoin payments platform Payoneer for $2.75B - 6
News
Read more - Nuvei to acquire stablecoin payments platform Payoneer for $2.75B

Nuvei to acquire stablecoin payments platform Payoneer for $2.75B

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…
FDIC faces GAO pressure over gaps in crypto oversight
News
Read more - FDIC faces GAO pressure over gaps in crypto oversight

FDIC faces GAO pressure over gaps in crypto oversight

GAO urged the FDIC to coordinate with federal regulators on blockchain risks as stablecoin and crypto market rules move forward.
Solana Institute warns Senate against weakening CLARITY Act - 7
News
Read more - Solana Institute warns Senate against weakening CLARITY Act

Solana Institute warns Senate against weakening CLARITY Act

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
Read more - August recess emerges as new target for Clarity Act passage

August recess emerges as new target for Clarity Act passage

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…
Paradigm leads $9 million investment in stablecoin payments platform El Dorado - 8
News
Read more - Paradigm leads $9 million investment in stablecoin payments platform El Dorado

Paradigm leads $9 million investment in stablecoin payments platform El Dorado

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…
Zelle picks India for first cross border remittance launch, unveils ZLUSD stablecoin - 9
News
Read more - Zelle picks India for first cross border remittance launch, unveils ZLUSD stablecoin

Zelle picks India for first cross border remittance launch, unveils ZLUSD stablecoin

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…
Plume’s Bybit deal puts RWA yield in front of stablecoin users
News
Read more - Plume’s Bybit deal puts RWA yield in front of stablecoin users

Plume’s Bybit deal puts RWA yield in front of stablecoin users

Plume and Bybit launched RWA fixed income vaults for stablecoin users as PLUME traded near $0.01152, gaining 10.7%, CoinGecko data now shows
New BSP rules put crypto tokens under deeper scrutiny in Philippines
News
Read more - New BSP rules put crypto tokens under deeper scrutiny in Philippines

New BSP rules put crypto tokens under deeper scrutiny in Philippines

BSP orders stricter crypto listing, monitoring and delisting standards as the Philippines tightens oversight of VASPs.
The CLARITY Act has a two-month window. Here is the map
Feature
Read more - The CLARITY Act has a two-month window. Here is the map

The CLARITY Act has a two-month window. Here is the map

The crypto market structure bill cleared committee 15-9 and now races the Senate calendar. Every step, dispute, and probability from here to law.
Federated Hermes launches money market fund for GENIUS Act stablecoin reserves - 10
News
Read more - Federated Hermes launches money market fund for GENIUS Act stablecoin reserves

Federated Hermes launches money market fund for GENIUS Act stablecoin reserves

Federated Hermes has launched a new money market fund designed for stablecoin reserve management, introducing a product that can be used by payment stablecoin issuers operating under the GENIUS Act framework. According to a July 10 announcement, the newly introduced…