Tag: Stablecoin

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Senators try to unlock stalled crypto Clarity Act with compromise on stablecoin yield

The U.S. banking industry had effectively lobbied to halt the crypto industry's market structure bill, the Digital Asset Market Clarity Act, over a dispute...

Why banks are moving beyond single-provider stablecoin payment rails

Latest developments: Infrastructure providers are increasingly building network-based stablecoin payment systems instead of single-provider rails, said Borderless CEO, Kevin Lehtiniitty, in an interview on...

Sonic Labs Unveils USSD Stablecoin as Network Looks to Reverse Decline

Sonic’s TVL has plunged to just $34 million, down 97% from its May 2025 peak. Sonic Labs has introduced the US Sonic Dollar (USSD),...

Global insurance broker Aon tests stablecoin payments on Ethereum, Solana with Coinbase, Paxos

Aon (AON), which advises on $5 trillion in assets as one of the world's largest insurance brokers, said it carried out a proof-of-concept using...

Stablecoin payments platform KAST raises $80 million Series A at $600 million valuation

KAST, a stablecoin-powered financial platform focused on cross-border payments, raised $80 million in Series A funding led by QED Investors and Left Lane Capital,...

Florida Gov. Ron DeSantis Eyes State Stablecoin Framework Following Senate Passage

In brief The Florida State Senate passed Senate Bill 314 unanimously on Friday, positioning Florida to join other states with local stablecoin regulations. Florida Governor Ron...

Florida moves ahead with state-level stablecoin regulation – DL News

Florida lawmakers passed a stablecoin bill this week.The legislation will regulate the digital assets at state-level.President Trump this week sided with the crypto industry...

Bitcoin purist Jack Dorsey is reluctantly giving in to stablecoin craze

Block CEO Jack Dorsey says his company will support stablecoins, despite having long argued that Bitcoin should serve as the internet’s native money protocol.In...

Circle shifts $68 million in internal payments via its own stablecoin to bypass legacy banks

Circle has begun using its own stablecoin infrastructure to move money between internal entities, settling $68 million in transfers using USDC, CEO Jeremy Allaire...

Stablecoin Transaction Volume Hits a New Record High as USDC Surpasses USDT

Stablecoins have hit an all-time high in monthly transaction volume, as Circle’s USDC (USDC) flipped Tether’s USDt (USDT), new data shows.Key takeaways:Stablecoin monthly transaction...

Florida Senate Approves First Stablecoin Bill, Awaits DeSantis’ Signature

Florida lawmakers have approved a state-level framework regulating payment stablecoins, moving the legislation to Governor Ron DeSantis’ desk for final approval.In a Friday post...