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Senate Republican leaders are pushing to pass the Digital Asset Market Clarity (CLARITY) Act in July, with roughly four weeks before a monthlong recess, even as Senator Cynthia Lummis insists…
U.S. President Donald Trump is reportedly withholding his signature from a sweeping housing bill that would bar the Federal Reserve from issuing a central bank digital currency (CBDC) through 2030,…
A new pilot from Stablecore, Circuit and Curql gives participating US credit unions access to test stablecoin payments and other digital asset services.
Fidelity has launched a government money market fund designed for stablecoin issuers managing reserve assets under the GENIUS Act. The product joins a growing wave of institutional funds built for…
A bipartisan group of US senators told the Treasury that its application of stablecoin laws should be done in a way that “preserves and promotes State participation.”
The launch comes amid growing competition among financial institutions to manage assets backing dollar-pegged stablecoins.
Coinbase invested in Proshares’ GENIUS Money Market ETF as stablecoin reserve standards evolve. The fund uses short-term U.S. Treasurys, cash, and cash equivalents, giving issuers another compliance-focused option for backing…
Falcon Finance has introduced fUSD, a fully reserved stablecoin issued by Anchorage Digital Bank and designed for institutional settlement, collateral, and treasury use. The product includes a rewards structure targeting…
Tether’s USDT has expanded by over $5 billion in the past month, with competing stablecoins including USDC, USDe, and PYUSD shedding a combined $4.2 billion over the same period. Tether…
U.S. Senator Cynthia Lummis has warned that China and Europe are actively competing with the United States for leadership in cryptocurrency and digital asset development, urging Congress to accelerate pending…