Credit unions managing $25B in assets join stablecoin infrastructure program
A new pilot from Stablecore, Circuit and Curql gives participating US credit unions access to test stablecoin payments and other digital asset services.
Auto Added by WPeMatico
Fidelity Debuts GENIUS Act Aligned Stablecoin Reserve Fund With 0.25% Fee
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…
Senators urge Treasury ensure state authority in GENIUS application
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.”
State Street launches GENIUS Act-aligned money market fund for stablecoin reserves
The launch comes amid growing competition among financial institutions to manage assets backing dollar-pegged stablecoins.
Coinbase Bets on Proshares ETF as Stablecoin Reserve Standards Evolve
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 Unveils GENIUS-ready fUSD Stablecoin Backed by Anchorage Digital Bank
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…
USDT Gains $5B as Rivals Shed $4.2B, Marking Increased Dominance
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…
Lummis Warns US Must Pass CLARITY Act Immediately or Cede Digital Asset Leadership to China and Europe
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…
Warren Says the CLARITY Act Will ‘Blow Up the Economy’ as Senate Panel Votes 15-9 to Advance Bill
Senator Elizabeth Warren launched a sweeping attack on the U.S. digital asset market structure bill during a Senate Banking Committee hearing on May 14, calling it an economic threat. The…
Schumer Says Democrats Want a Good Crypto Bill as CLARITY Act Enters Key Phase
Senate Minority Leader Chuck Schumer wants “a good crypto bill to pass,” signaling potential bipartisan openness as U.S. lawmakers race to finalize two major digital asset laws in 2026. FROM…