Senate Banking Committee Chairman Tim Scott has applauded the House of Representatives for approving the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, describing it as a significant advance in shaping America’s digital asset landscape. In a...
German Web3 infrastructure firm Gnosis has made its first foray into the U.S. market through a strategic partnership with Noah, a stablecoin-powered finance company. This collaboration aims to offer USD virtual accounts designed to serve stablecoin users across the...
Up to 25% of high-risk stablecoin transactions may escape detection due to shortcomings in current blockchain compliance systems, a new study by MetaComp has revealed. The Singapore-based digital finance firm, licensed by the Monetary Authority of Singapore, warns that...
Bank of America (BofA), the second-largest U.S. bank, is preparing to enter the stablecoin market but is taking a cautious approach by prioritizing client demand and awaiting clear regulatory guidance. CEO Brian Moynihan confirmed that the bank has made...
KUN, a Hong Kong-based stablecoin and embedded finance platform, has secured over $50 million in funding just 20 months after launch, following a heavily oversubscribed Series A round. Backed by existing investors BAI Capital and GSR Ventures, the round...
JPMorgan Chase is moving forward with stablecoin initiatives, even as CEO Jamie Dimon remains skeptical about their broad appeal and necessity. In the latest quarterly earnings call, Dimon acknowledged JPMorgan's intent to engage in stablecoin development to keep pace...
Atlas has officially launched support for stablecoin accounts, ushering in a new era of crypto-native banking for businesses and private wealth entities in over 150 countries. This latest development enables users to send, receive, and hold stablecoin balances with...
Stablecoins are digital currencies designed to maintain a steady value, typically pegged 1:1 with a real-world currency like the U.S. dollar. Popular options include USDC, DAI, and USDC, but even in 2025, depegging events, where these coins lose their...
Chinese authorities have directed state-owned digital service providers and financial institutions to explore launching stablecoins backed by the yuan, signalling a potential recalibration of the country’s longstanding hardline approach to cryptocurrencies. According to sources cited by the South China...
Bank of England Governor Andrew Bailey has issued a stark warning to banks considering the issuance of stablecoins, citing their potential to pose systemic risks to global financial stability. Speaking recently, Bailey argued that without robust regulation, stablecoins could...
