Stablecoins
U.S. Treasury's New Crypto Point Person Says Stablecoin Law a Good First Goal
Tyler Williams, an ex-industry lawyer hired as crypto counselor for Treasury Secretary Bessent, said there's a ton of inside work to be done in the department.
Bank of America CEO Says Bank Will Likely Launch Its Own Stablecoin
The United States Congress said that it would push to pass legislation on stablecoins in the first 100 days of the Trump administration.
Circle CEO Jeremy Allaire Wants Dollar-Backed Stablecoins to Register in U.S.: Bloomberg
“It shouldn’t be a free pass, right?” Jeremy Allaire, a co-founder of stablecoin issuer Circle said.
Dubai Approves Circle's Stablecoins USDC and EURC for Use in DIFC
The Dubai Financial Services Authority (DFSA) approved USDC and EURC as recognized crypto tokens within the Dubai International Financial Centre.
U.S. Stablecoin Adoption Is Being Hindered by a Lack of Regulation, S&P Says
Institutional use of these cryptocurrencies will increase once rules are in place, the report said.
Tether May Have to Sell Some Bitcoin to Comply With U.S. Stablecoin Rules: JPMorgan
Company data suggests that Tether's reserves are 66% compliant under the STABLE Act and 83% under the GENIUS Act, the report said.
Circle's USDC Hits Record Market Cap Over $56B as Stablecoin Demand Soars
USDC and USDT minting accelerated in the past weeks, providing a bullish signal for crypto markets despite declining token prices.
Stablecoin Revolution: Challenging Risk-Free Rates With On-Chain Money Markets
DeFi’s base rate for lending stablecoins is a structural shift that challenges traditional finance by demonstrating the sustainability of high-yield, low-risk on-chain money markets, says Index Coop’s Crews Enochs.
Fed's Powell Says He's Also Worried About Debanking That Strained U.S. Crypto
As crypto firms and their new government allies rail against U.S. regulators for chasing them out of banking, Powell says such tales are a worry he'll address.
Tether Inflows to Exchanges Surged to $2.7B During Recent BTC Price Drop to $90K, Analytics Firm Says
The unusually high capital inflows likely stemmed from margin calls and bargain hunting.
