Stablecoin
The “Genius Act” Is on a Fast Track, and Tether Is in Its Crosshairs
Crypto analyst Jacob King has warned about a potential market collapse if the U.S. Senate passes the GENIUS Act, a bill he claims could lead to the banning of Tether...
Trump Pushes GENIUS Act Back on Track as French Hill Confirms House Votes
French Hill, Chair of the House Financial Services Committee, said the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act now have enough support to pass. In a CNBC interview...
Citigroup Confirms It Is Actively Evaluating a Citi-Issued Stablecoin
In its Q2 earnings call, CEO Jane Fraser confirmed that Citigroup (the third-largest bank in the US) is actively evaluating the launch of a Citi-issued stablecoin, with promising interest in...
Math Made Simple: Why Capital Is Moving from 4.3% US Treasuries to DeFi’s 22% Stablecoin Yields
A growing number of investors are starting to shift their liquidity from traditional instruments like Treasury bills and money market funds into decentralized finance (DeFi) platforms, as anticipation builds around...
China’s Tech Giants Want a Yuan-Backed Stablecoin; Now, Its Regulators Are Listening
A key financial regulator in Shanghai convened a meeting this week to discuss policy responses to stablecoins and cryptocurrencies. The development marks a potential transition in China’s strict stance on...
Ripple’s RLUSD Stablecoin Finds a Real-World Use Case in Kenya
Ripple’s innovative blockchain-based insurance pilot in Kenya has wrapped up its first phase that was conducted in partnership with DIVA Donate, successfully insuring 517 pastoralists, 70% of whom were women,...
Ripple Selects BNY Mellon as Custodian for Its RLUSD Stablecoin
Ripple selected Bank of New York Mellon (BNY) to serve as the primary custodian for reserves backing its stablecoin, Ripple USD (RLUSD). It’s reported that over $500 million worth of...
Crypto Czar Says GENIUS Act Is Trump’s Next Win After ‘One Big, Beautiful Bill’
White House AI and crypto czar David Sacks celebrated the passage of a major legislative package he called “One Big Beautiful Bill,” while signaling that key crypto bills are the...
China’s Answer to the Digital Dollar: A New Push for a Yuan-Backed Stablecoin
To counter an incoming US dominance in the digital asset space, China’s tech giants JD.com and Ant Group, an affiliate of Alibaba, are now urging Beijing to authorize a yuan-based...
Ripple’s RLUSD Stablecoin for Enterprise Payments Now Integrated With OpenPayd
Ripple has entered into a strategic partnership with the global payments firm OpenPayd, a move designed to drive the adoption of its new enterprise-grade stablecoin, RLUSD. This collaboration merges OpenPayd’s...
New Bills in South Korea Propose Capital Requirements for Stablecoin Issuers
South Korea is tightening its focus on stablecoin regulation. Yesterday, the National Planning Committee summoned financial regulators to assess current oversight and propose measures that reduce risks for consumers and...
Fed’s Powell Signals ‘Meaningful Progress’ on US Stablecoin Bill
Federal Reserve Chair Jerome Powell has confirmed that the United States is making meaningful progress toward establishing a clear regulatory framework for stablecoins. In recent remarks, he highlighted that after...
Circle Applies for a National Trust Bank Charter with the US OCC
On July 1, 2025, Circle filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to create a national trust bank. The proposed entity, named First...
The Future of the ‘Digital Won’ To Be Private, Not Public
The Bank of Korea has suspended its central bank digital currency (CBDC) pilot program amid increased interest in private-sector stablecoins. The central bank began testing its CBDC in April, involving...
Will USDT Crash to Zero? One Analyst Predicts USDT’s Demise
A recent social media post from Chain Mind raises concerns that USDT (Tether) could follow UST to $0, pointing to Tether’s alleged lack of audits, delistings on EU exchanges, and...
South Korea’s Ruling Party Denies State-Backed Stablecoin Plans
Recent reports claiming that South Korea’s government is preparing a state-backed Korean won stablecoin have been dismissed as “groundless” by a spokesperson from the ruling Democratic Party of Korea (DPK). ...
ETH, XRP, SOL, TRX: GENIUS Act Lights a Fire Under Altcoins
In an important development, the Genius Act has officially passed the U.S. Senate and is now expected to clear the House soon. This new law aims to bring clear regulations...
Cardano Eyes Sovereign Wealth Fund to Tackle Stablecoin Liquidity Gap
Cardano is considering a significant overhaul of its treasury strategy, with founder Charles Hoskinson outlining an ambitious plan to enhance the protocol’s DeFi liquidity and long-term stability. The proposal aims...
Abu Dhabi Introduces Crypto Taxi Payments Using Dirham-Backed AE Coin
In a landmark development, Abu Dhabi has become the first city in the world to integrate a stablecoin pegged to its national currency into public transportation payments. Residents and visitors...
Hong Kong Enacts Stablecoin Ordinance, Launches High-Threshold Licensing Regime
Hong Kong is implementing a stringent new licensing regime for stablecoin issuers, a move designed to cement the city’s status as a regulated hub for digital assets. Under the new...
This Is Where Capital Moved During the Latest Crypto Market Correction
The cryptocurrency market experienced a major decline last week, a move that corresponded with a significant contraction in the total stablecoin supply and a large-scale capital rotation between major blockchain...
KakaoPay Stock Surges Over 200% After Filing for a KRW-Backed Stablecoin
South Korean fintech firm KakaoPay has filed for 18 trademarks related to a potential Korean won (KRW)-backed stablecoin, a move that has sent its stock price soaring by more than...
USDC, USDT Market Caps Could Grow 30% Annually Under New U.S. Law: Bitget CEO
Bitget CEO Gracy Chen says regulated stablecoins like USDC and USDT could see 20% to 30% annual growth under the newly advanced GENIUS Act. The U.S. law brings stablecoins under...
SEI Price and Volume Surge After Wyoming Taps Network for Stablecoin Project
Sei Network (SEI) has been selected by the Wyoming Stable Token Commission as one of only two candidate blockchains for the deployment of WYST, the first government-issued, fiat-backed stablecoin in...
Trump’s Push for Speed Puts Senate-Passed GENIUS Act to a Political Test in the House
President Donald Trump has issued a direct appeal to the U.S. House of Representatives, urging a quick and unamended passage of the GENIUS Act, a bill that cleared the Senate...
