Tag: Stablecoin

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Goldman Sachs CEO backs Clarity Act despite banking industry’s concerns over stablecoin rules

Solomon's endorsement contrasts with growing opposition from other major banking executives, including JPMorgan Chase CEO Jamie Dimon, who have argued that the legislation could...

Tassat wants to help smaller banks tap the stablecoin boom before big banks lock them out

The announcement comes as stablecoins move further into mainstream finance following the passage of the GENIUS Act. Wall Street firms and banks are expanding...

Balance stablecoin collapses 99% after $1 million exploit drains its bitcoin vaults

Balance Coin, a low-circulation algorithmic stablecoin meant to hold a dollar peg, crashed more than 99% on Wednesday after an attacker exploited a pricing...

Stablecoin bank Augustus raises $180 million to build a clearing bank for the AI era

Augustus, a startup building a federally chartered clearing bank for fintechs and financial institutions, said it raised $180 million to expand its dollar payment...

Amazon Japan distributor AZ-Com Maruwa to adopt yen stablecoin JPYC for payments

A Japanese logistics company that counts Amazon Japan as a client plans to settle payments in the regulated yen stablecoin JPYC with business partners,...

US Agencies Miss GENIUS Act Deadline for Final Stablecoin Rules

US regulatory agencies missed Saturday’s rulemaking deadline under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, one year after the law...

Visa backs Open USD with new stablecoin platform as Circle (CRCL) faces fresh competition

Visa introduced a new platform aimed at making it easier for banks, fintech companies and crypto firms to build products using stablecoins, expanding its...

FATF Flags Rising Stablecoin Crime, Gaps in Global Crypto Oversight

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.All news, reviews, and analyses are produced with full...

Mizuho turns bearish on stablecoin issuer Circle, citing Open USD competition

Japanese investment bank Mizuho downgraded Circle (CRCL) to underperform from neutral and slashed its price target to $50 from $85, arguing that OpenUSD's business...

SBI Holdings’ blockchain initiative pivots to Solana for tokenization, stablecoin issuance

Japanese asset giant SBI Holdings' (8473) blockchain initiative is turning to Solana for its stablecoin and real-world asset (RWA) tokenization efforts.SBI Solana Global, previously...

Aave Labs Launches Stable Vaults for Fintech Stablecoin Yield

The vaults convert Aave's variable lending rates into fixed yields that wallets, exchanges and payment apps can offer their own users.Aave Labs launched Stable...

South Korea Super-App Toss to Run Won Stablecoin Pilot on OP Stack

Optimism says Toss is the fourth regulated financial institution in a year to pick the OP Stack, after Bitpanda, Kraken and Mitsui.Toss, the South...