The U.S. Senate voted overwhelmingly in favor of the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins Act), a crucial step towards regulating stablecoins. This bipartisan […]
Meta Faces Scrutiny from US Senators Over Potential Stablecoin Ventures
Several US senators have pressed Meta CEO Mark Zuckerberg for clarity regarding the company’s potential involvement in stablecoins. Senators Elizabeth Warren and Richard Blumenthal raised concerns about data […]
Treasury Secretary Predicts $2 Trillion Stablecoin Market By 2028
In a Senate Appropriations Committee hearing, U.S. Treasury Secretary Janet Yellen offered strong support for legislation aimed at regulating stablecoins. The GENIUS Act, which seeks to expand the […]
U.S. Bancorp Resumes Crypto Custody Services
U.S. Bancorp is restarting its cryptocurrency custody services, aiming to play a significant role in the growing stablecoin market. This move marks a return to active involvement in […]
US Senate Passes GENIUS Act: A Major Step Forward for Stablecoin Regulation
The US Senate took a significant step forward in regulating stablecoins by passing the GENIUS Act, marking a major breakthrough in US legislative history. This bipartisan bill aims […]
PayPal’s PYUSD and USD1: Stablecoin Boom Takes Center Stage
Stablecoins are experiencing a major surge in mainstream finance, with PayPal USD (PYUSD) and the USD1 stablecoin by World Liberty Financial taking center stage. This shift is driven […]
US Bancorp Considers Role in Stablecoins, Seeing Revival of Crypto Custody Services
U.S. Bancorp’s institutional crypto custody business is experiencing a resurgence under the Trump administration, driven by renewed interest after regulatory uncertainty during the Biden era. According to CEO […]
Bank of America Pursues Stablecoin Launch Under GENIUS Act
The U.S. Senate is fast-tracking the GENIUS Act, a bill that aims to establish clear regulations for stablecoins. Bank of America is taking advantage of this opportunity to […]
U.S. Stablecoin Market on Track for $2 Trillion by 2028: Treasury Secretary Predicts Boom
Treasury Secretary Basant has predicted a significant surge in the U.S. stablecoin market, forecasting it to exceed $2 trillion by 2028. This projection stems from legislative support intended […]
Major Banks Jump into Stablecoin Market as Interest Soars
Global financial giants, including Société Générale, are boldly entering the stablecoin market, signifying a significant shift in how banks perceive and utilize blockchain technology. This trend signals increasing […]
TRON Records $691 Billion in USDT Transactions, Driven by Institutional Whales
Recent data reveals TRON’s surging role in stablecoin transactions, with a record-breaking $691 billion in USDT transfers processed over the month. This surge is largely attributed to substantial […]
U.S. Government Embraces Stablecoins as Strategy to Bolster Dollar’s Global Power
The U.S. government is shifting its approach to cryptocurrency, seeing it not as a threat but as a strategic tool to enhance the dollar’s global influence. Treasury Secretary […]
Michelle Bowman’s Regulatory Shift: A New Era for U.S. Crypto Industry
The U.S. crypto industry is witnessing a potential paradigm shift with the appointment of Michelle Bowman as Vice Chair for Supervision at the Federal Reserve (Fed). Bowman’s pragmatic […]
U.S. Treasury Secretary Forecasts $2 Trillion Stablecoin Market
U.S. Treasury Secretary Scott Bessent predicts a substantial expansion of the stablecoin market to reach $2 trillion, potentially bolstering the U.S. dollar’s global financial dominance. This prediction aligns […]
Stablecoins: The Key to Cryptocurrency’s True Value
Matt Hougan, Chief Investment Officer of Bitwise, argues that stablecoins are not just a bridge between traditional finance and crypto but a cornerstone of the future for digital […]