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Circle shares fell sharply on Tuesday, after a consortium of more than 140 companies, including Visa, Mastercard, Coinbase, and Blackrock, unveiled a new stablecoin built to compete directly with USDC.…
Visa, Coinbase, Stripe, Mastercard and more than 140 other companies are launching a new stablecoin called Open USD, built to move money across borders without the fees that come with…
BNY has added USDC mint and burn capabilities to its Digital Asset Custody platform, giving institutional clients a direct path between U.S. dollars and Circle’s stablecoin without leaving the bank’s…
Digital asset infrastructure company BitGo is reducing its workforce by nearly 15% as it shifts its focus toward stablecoins, trading, security, settlement services, and AI-powered infrastructure. BitGo co-founder and CEO…
While Congress prepares to consider Bill 4308/2024 to regulate the status of stablecoins, the cryptocurrency industry opposes designating them as electronic money, advocating for maintaining the current status of virtual…
The Bank of England has abandoned previous proposed rules on stablecoins in its final policy and draft rules. The latest revisions were made in response to widespread concern that the…
Sandeep Nailwal, co-founder of the Polygon Foundation, stressed that the network managed over $300 million in stablecoins from emerging markets in May. He also highlighted that the growth of non-dollar…
Coinbase’s vice president of tax, Lawrence Zlatkin, testified before the House Ways and Means Committee on June 9, asking lawmakers to stop requiring Americans to calculate capital gains every time…
Economist Peter Schiff publicly broke with JPMorgan CEO Jamie Dimon on June 7, arguing that stablecoin issuers should not be held to the same capital and compliance standards as banks.…
As stablecoins move closer and closer to mainstream financial infrastructure, the regulatory debate around them is seemingly becoming less about crypto in isolation and more about the future outlook of…