Tag: Stablecoin

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Banks’ survey says people don’t want to rock the boat if stablecoin yield risks lending

U.S. banking lobbyists unveiled a survey to back up their campaign against U.S. stablecoins that return yield to their users, seeking to reinforce their...

Franklin Templeton Wires BENJI Money-Market Fund Into MoonPay Trade for Onchain Stablecoin Swaps

The $1.74 trillion asset manager is letting institutions move directly between stablecoins and shares of its tokenized US government money fund through MoonPay's new...

UK House of Lords committee calls on Bank of England to reconsider proposed stablecoin restrictions

A U.K. House of Lords committee said the Bank of England (BOE) should reconsider its proposed limits on consumer stablecoin holdings in a new...

Movement pivots to stablecoin payments as the layer-2 boom loses momentum

Movement, a project originally designed to link blockchains built using the Move programming language with Ethereum, is pivoting toward cross-border payments, remittances and dollar...

MoneyGram launches stablecoin on Stellar, joining rush toward digital dollar payments

MoneyGram announced Tuesday it had launched its own U.S. dollar-backed stablecoin on the Stellar (XLM) blockchain, joining a growing wave of global payments companies...

ECB Says Stablecoin Risks Strengthen Digital Euro Case

European Central Bank (ECB) Executive Board member Isabel Schnabel said stablecoins could bring old financial-market vulnerabilities into tokenized finance, while strengthening the case for...

JP Morgan’s Dimon escalates battle over stablecoin rewards in CLARITY Act debate

JPMorgan Chase CEO Jamie Dimon on Friday yet again sharply criticized Coinbase CEO Brian Armstrong and warned that the latest version of the Clarity...

Tether’s U.S.-focused stablecoin grows 500% in a month, but still lags Circle, Ripple, Paypal

Stablecoin giant Tether's U.S.-focused digital dollar token USAT (USAT) expanded more than sixfold month-over-month in April, it still lags far behind its rivals.According to...

Mastercard Wins NY BitLicense, Deepening Push Into Stablecoin Settlement

The payments giant, which processed nearly $11 trillion in volume last year, secured one of the US's most demanding state crypto licenses as it...

SoFi Brings Its Bank-Issued Stablecoin to 14.7 Million Members

SoFiUSD, first launched in December for enterprise clients, is now live inside the SoFi app — making it the first stablecoin issued by a...

Anchorage Digital, Falcon Finance Launch GENIUS-Ready fUSD Stablecoin

Anchorage Digital Bank, N.A. and Falcon Finance have launched fUSD, a U.S. dollar stablecoin aimed at institutional holders that want regulated stablecoin exposure without...

Block kicks off Cash App’s phased stablecoin roll out to its nearly 60 million users

Block’s Cash App has quietly begun rolling out its highly anticipated stablecoin payment feature, a source familiar with the matter told CoinDesk Wednesday. According...