The U.S. crypto industry is facing mounting pressure in Washington as negotiations over stablecoin rewards threaten to derail broader digital asset legislation. At the center of the debate is the Digital Asset Market Clarity Act, widely viewed as the sector’s most important policy objective in Congress this year. Senate timing constraints have intensified the urgency. […]
Stablecoin regulation moved to the center of Washington’s financial policy debate as the U.S. Senate Banking Committee convened a routine oversight hearing with top banking regulators. Even before testimony began, digital assets were dominating the agenda following a fresh rule proposal from the Office of the Comptroller of the Currency. On the eve of the […]
Fidelity Investments is entering the stablecoin market with the launch of the Fidelity Digital Dollar, a move that signals growing confidence among traditional financial institutions in blockchain based finance. The new token, known as FIDD, is scheduled to go live in early February and will run on the Ethereum network. It will be issued by […]
Tether has introduced a new U.S. focused stablecoin, USA₮, marking its first fully regulated product designed specifically for American users under the recently enacted GENIUS Act. The token is issued by Anchorage Digital Bank, a federally chartered institution, and represents a strategic shift for Tether as U.S. regulation tightens around dollar backed digital assets. The […]
BNY Mellon has stepped directly into the stablecoin arena with a new money market fund designed to hold reserve assets for United States stablecoin issuers, marking one of the most significant moves yet by a global bank as the GENIUS Act reshapes the regulatory landscape. The fund is structured specifically for issuers and qualifying institutional […]
Yield-generating assets in the digital economy are entering a new growth phase as institutional adoption accelerates following the passage of the U.S. GENIUS Act, according to a recent report by blockchain data firm RedStone. The landmark legislation, which establishes a regulatory framework for dollar-pegged cryptocurrencies, has already spurred a surge in stablecoin-linked products that pay […]
Circle delivered stronger-than-expected third-quarter results, signaling the growing influence of stablecoins in mainstream finance. The issuer of the USDC token reported adjusted earnings of 36 cents per share, beating analyst expectations of 22 cents, while total revenue soared 66 percent to $739.8 million. The company said profit growth was fueled by higher reserve income generated […]
