Senator Elizabeth Warren has raised serious concerns about the GENIUS Act, warning that it could allow major tech companies to issue stablecoins that bypass existing banking regulations. The bill, formally known as the Guiding and Establishing National Innovation for...
Crypto industry heavyweight and BitMEX co-founder Arthur Hayes has sounded the alarm over what he describes as an impending “stablecoin mania,” warning that a wave of new stablecoin companies attempting to emulate Circle’s IPO success are likely to be...
Sergey Nazarov, co-founder of Chainlink, has laid out a decisive vision for the future of stablecoins, asserting that forthcoming U.S. regulations will catalyse a surge in global stablecoin issuances. In his view, Chainlink is uniquely positioned to support this...
Hong Kong is advancing its stablecoin licensing framework, with new regulations set to take effect by August 1, 2025. Financial Secretary Paul Chan confirmed the timeline in a blog post published on June 15, aligning with earlier statements from...
Eddid Financial is ramping up efforts to advance stablecoin adoption following the Hong Kong Legislative Council’s recent approval of the Stablecoins Bill. This landmark legislation marks a significant step in the city’s commitment to regulating digital finance, establishing a...
Shopify is set to roll out stablecoin payment support for USD Coin (USDC) later this month, marking its most significant step into crypto integration to date. As first reported by Fortune on June 12, the e-commerce giant will enable...
PayPal is preparing to expand the utility of its U.S. dollar-pegged stablecoin, PayPal USD (PYUSD), by launching it on the Stellar blockchain network pending regulatory approval from the New York State Department of Financial Services (NYDFS). This strategic move...
Ant International, the overseas arm of Jack Ma-backed Ant Group, is preparing to roll out stablecoin services across major Asian financial hubs, according to a Bloomberg report. The move represents a significant shift for one of the world’s largest...
Interest in stablecoins among Fortune 500 companies has more than tripled over the past year, according to Coinbase’s latest State of Crypto report. Nearly 29% of 100 executives from the largest US firms said their companies are either planning...
Ripple’s U.S. dollar-backed stablecoin RLUSD has received regulatory approval from the Dubai Financial Services Authority (DFSA) for use within the Dubai International Financial Centre (DIFC), marking a key milestone for the firm’s global expansion efforts. The green light makes...
