Tag: Stablecoin

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US Agencies Push User ID Requirements for Stablecoin Issuers Akin to Regulated Banks

Several US government agencies responsible for financial regulation have issued a proposed rule as part of the implementation of stablecoin-focused legislation, pushing for similar...

U.S. agencies seek stablecoin customer-ID rules akin to banks in new GENIUS Act rule

These standards, according to the rule proposal, "must include reasonable procedures for: (1) verifying the identity of any person seeking to open an account...

FV Bank Becomes First U.S.-Chartered Depository Bank to Offer Stablecoin Invoicing

FV Bank has launched Stablecoin Invoicing, allowing businesses to send itemized invoices payable in USDC or PYUSD directly from their banking dashboard, with payments...

Trace Finance Raises $32M to Expand Stablecoin Settlement Rails Across Brazil, U.S. and APAC

Trace Finance has raised $32 million in Series A funding led by CoinFundThe Brazil-based fintech startup plans to use the fund to expand its...

Fidelity joins Wall Street’s race to manage stablecoin reserves

The GENIUS Act, signed into law last year, established the first federal framework for payment stablecoins in the United States. Among other requirements, issuers...

Polygon’s 5,000 TPS Upgrade Could Make Stablecoin Payments Viable for Payroll, Remittances and B2B Settlement

Polygon Chain can now support up to 5,000 payment transactions per second.The capacity upgrade makes stablecoin payments more practical for payroll, remittances and B2B...

U.S. senators urge Treasury not to leave states out of GENIUS Act stablecoin process

State regulators got sidelined in the U.S. Department of the Treasury's effort to implement the new U.S. stablecoin law, according to several senators from...

State Street targets stablecoin reserve boom with new money market fund

Wall Street's largest asset managers are increasingly competing to manage the assets backing stablecoins, a market that could swell into the trillions of dollars...

Sui Processes $65 Billion in Stablecoin Transfers in Five Days After Zeroing Out Fees

The Layer 1's gasless stablecoin design pushed transfer throughput to nearly $65 billion since June 10, recasting Sui as a fee-free settlement rail for...

Paradigm Leads $9 Million Round in Latin American Stablecoin App El Dorado

Paradigm has led a roughly $9 million round in El Dorado, the stablecoin-powered payments app that has signed up more than a million users...

Trump stablecoin USD1 goes from $75 million DeFi drama to the White House lawn

The borrowing pushed the USD1 pool to 93% utilization, meaning retail depositors who had lent USD1 to the pool expecting to withdraw at will...

Fidelity’s Dollar Stablecoin Taps Curve and Uniswap as Its DeFi Liquidity Layer

The Fidelity Digital Dollar stablecoin deployed Curve Finance Stableswap LP positions and Uniswap LP positions simultaneously in a single Ethereum block Thursday evening, with...