Stablecoins
Stablecoin flows, issuer updates, and regulatory developments.
Page 1 of 2. 30 published articles in this topic archive.
White House economists: banning stablecoin rewards would barely boost bank lending and likely harm consumers
White House economists found a prohibition on stablecoin yields would have negligible effect on community-bank lending and could impose costs on consumers.
UBS-led group of Swiss banks launches secure sandbox to pilot CHF stablecoin payments and settlements
UBS and five Swiss banks will test Swiss franc stablecoin use cases in a secure digital sandbox.
FDIC proposes GENIUS Act rules for stablecoins: 1:1 reserves, 2-day redemptions and new capital rules
The Federal Deposit Insurance Corp. approved a proposed rule to establish a prudential framework for payment stablecoin issuers under the GENIUS Act, setting out reserve, capita…
Split Capital founder closes profitable hedge fund to build stablecoin infrastructure at Plasma
The founder of Split Capital has wound down the crypto hedge fund and joined Plasma, a stablecoin infrastructure startup. Reports say the founder accepted a senior strategy role…
Polymarket revamps matching engine with hybrid CLOB, smart‑wallet support and USDC‑backed Polymarket USD
Polymarket is overhauling its trading stack, rebuilding its core engine, introducing a hybrid central limit order book and launching a USDC‑backed stablecoin on Polygon [1][2].
Toss explores own blockchain, native token and multiple stablecoin trademarks as Korea finalizes crypto rules
Toss is evaluating a proprietary mainnet, a native token and multiple stablecoin trademarks while South Korea’s regulatory framework remains unresolved [2][1].
IMF urges tighter settlement rules as tokenized assets could spread crypto shocks and speed market stress
The International Monetary Fund warned that rapid tokenization of assets could transmit crypto-sector risks into the wider financial system and accelerate market stress.
Tether gives investors 14-day ultimatum to back a $500B valuation tied to USDT and other assets, may halt raise if demand lags
Tether has set a 14‑day investor deadline to clinch a $500 billion valuation and may pause the raise if demand is insufficient.
ZachXBT dossier alleges Circle failed to freeze over $420M in USDC across multiple hacks
On-chain investigator ZachXBT released the 'Circle Files,' alleging more than $420M in USDC compliance lapses tied to multiple hacks and delays in freezing stolen funds [1][3].
BitGo debuts BitGo Mint to streamline institutional US-dollar stablecoin minting and redemption; shares rise
NYSE-listed custodian BitGo has launched an institutional stablecoin minting and redemption platform aimed at streamlining token issuance and operations [1].
Senate Postpones CLARITY Act Draft Release; Industry Still Says Stablecoin Rewards Deal Could Arrive in Days
The release of the CLARITY Act draft text, which had been expected this week, has been postponed, according to a statement from Senate Banking Committee Chair Thom Tillis’s offi…
HK regulators stall HKD stablecoin approvals, tighten AML/KYC rules as 36 applications await timeline
Hong Kong has delayed issuing its first HKD stablecoin licences after an initial target of late March; as of early April regulators had not issued any licences and provided no u…
Tether sees departures of HSBC-recruited gold traders as it brings KPMG audit in-house amid bullion strategy pivot
Tether has parted ways with senior gold traders it had recruited from HSBC as the company moves a long‑awaited KPMG audit forward in‑house, according to reporting that first fla…
David Sacks exits White House crypto and AI post after 130 days, moves to advisory role amid criticism
David Sacks left his role as the White House’s AI and crypto czar after reaching the 130-day limit for special government employees, moving to a broader advisory post as questio…
Tether hires KPMG for USDT reserve audit, brings in PwC as it readies US expansion and fundraising
Tether has engaged KPMG to conduct a full audit of USDT reserves as it prepares to expand in U.S. markets, reporting that the audit would cover roughly $185 billion of USDT back…
Australia shifts to tokenization pilots as RBA forecasts AU$24B annual boost from tokenized money and assets
The Reserve Bank of Australia said asset and money tokenization could generate about AUD 24 billion in annual economic value, signaling a shift from research to implementation a…
Clarity Act draft banning stablecoin yields triggers 20% Circle sell-off and broader regulatory jitters
Shares of Circle Internet Group (CRCL) plunged about 20% and Coinbase shares fell nearly 10% after reports that a draft of the Clarity Act could impose strict limits on stableco…
CLARITY Act draft banning interest-like stablecoin yields sends Coinbase and Circle shares tumbling
Shares of Coinbase and Circle tumbled after publication of a CLARITY Act draft that would restrict yield on stablecoin deposits [1].
Tether hires unnamed Big Four firm for first comprehensive audit of USDT reserves
Tether has engaged a Big Four accounting firm for its first full independent audit of USDT reserves, but the company has not named the firm conducting the examination.
Resolv Labs USR minting flaw lets attacker create tens of millions with minimal collateral, sparking steep depeg
Reports say Resolv Labs’ USR minting contract was exploited, allowing millions of USR to be minted with minimal collateral and triggering a sharp depeg while verification and in…
Tentative Senate–White House Deal Resolves Stablecoin Yield Dispute, Clears Path for CLARITY Act
Senators and the White House reached a tentative deal to resolve a dispute over stablecoin yield rules in the CLARITY Act, potentially clearing the bill to move forward.
RedotPay seeks up to $150M to prep for US IPO near $4B valuation, defends team reshuffle amid stablecoin boom
Hong Kong-based stablecoin payments firm RedotPay is seeking up to $150 million in fresh funding as it prepares for a planned U.S. initial public offering that could value the c…
Mastercard snaps up UK stablecoin infrastructure firm BVNK for up to $1.8B to bolster crypto payment rails
Mastercard will buy U.K.-based stablecoin infrastructure firm BVNK for up to $1.8 billion, aiming to deepen its support for digital-asset payments [6][5].
PayPal widens PYUSD availability to roughly 70 markets to speed up and cut costs for cross-border payments
PayPal has widened access to its dollar-backed PYUSD stablecoin to nearly 70 countries, positioning the token as a tool for faster and cheaper cross-border payments [2].