Tag: Stablecoin

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Banks Should Embrace Stablecoin Yield in CLARITY Act: White House Adviser

Crypto companies and platforms that provide stablecoin rewards have become a major point of contention in the CLARITY crypto market structure bill.Cointelegraph is committed...

Crypto group counters Wall Street bankers with its own stablecoin principles for bill

The current impasse over stablecoin yields in the U.S. Senate's crypto market structure bill is now in writing, and the crypto side is holding...

Asia leapfrogging the West in onchain retail use as regional hubs lead on stablecoin rules

Hong Kong — Asia is outpacing Western markets in the adoption of onchain financial services, driven by a focus on user utility and proactive...

Fashion Group Hyungji Taps Arbitrum for Stablecoin Payments Across 2,000 Retail Locations

Offchain and Hyungji struck a strategic partnership to deploy stablecoin payment infrastructure built on Arbitrum across Hyungji’s retail footprint.The rollout targets ~2,000 retail locations...

NCUA Suggests GENIUS Act Rules for Credit Union Stablecoin Issuers

The United States National Credit Union Administration (NCUA) has proposed its first rules under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS)...

Binance completes $1 billion shift of stablecoin reserves into bitcoin (BTC)

Cryptocurrency exchange Binance has completed the final leg of its plan to convert the Secure Asset Fund for Users (SAFU) entirely into bitcoin BTC$68,146.41,...

No Stablecoin Bill Deal at 2nd Crypto, Banks White House Meet

A White House-brokered meeting between crypto and bank representatives to reach an agreement on stablecoin provisions in the market structure bill has been described...

MNB Announces Stablecoin and Tokenization Pilot Programs

Bank Negara Malaysia (BNM), the country’s central bank, said on Wednesday that its Digital Asset Innovation Hub (DAIH) is piloting three regulatory sandbox programs...

Paxos Labs Launches Privacy-First Stablecoin USAD on Aleo

Paxos Labs and the Aleo Network Foundation have launched a U.S. dollar-backed stablecoin on the Aleo blockchain. The companies aim to combine regulated digital...

Hong Kong ready to issue first stablecoin licenses in March, Financial Secretary says

HONG KONG — Hong Kong is ready to begin issuing the first of its stablecoin licenses next month, the Special Administration Region's Financial Secretary...

Spark pushes DeFi stablecoin liquidity into institutional crypto lending

EMB: Feb. 11, 06:00 UTCDecentralized finance (DeFi) protocol Spark is pushing one of DeFi’s deepest pools of stablecoin liquidity further into institutional markets, unveiling...