Stablecoins
Senate Begins Passage of Stablecoin Bill as House Marks Market-Structure Wins
The U.S. Congress is in the thick of its crypto efforts this week, with the Senate starting on final votes to approve its first-ever crypto bill.
Meta's Stablecoin Plan Questioned by Democrats Ahead of Key Senate Vote
Sens. Elizabeth Warren and Richard Blumenthal sent a letter to Meta asking whether it's lobbied for the GENIUS Act or has any plans to join an issuer in any way.
Sam Altman’s World Chain Adds Native USDC Stablecoin and Circle’s Cross-Chain Service
World Network also integrates Circle’s Cross-Chain Transfer Protocol (CCTP V2) to move USDC across a range of blockchains.
PayPal Brings Its Stablecoin to Stellar for Cross-Border Remittances, Payments Financing
PayPal USD (PYUSD) plans to use Stellar for new payments and remittance use cases, as well as bringing PayFi options to millions of users and merchants.
South Korea's Ruling Party Wants to Allow Companies to Issue Stablecoins: Bloomberg
Under a proposed law, companies would be able issue their own tokens provided they meet equity capital requirements and can guarantee refunds through reserves.
Blockchain Initiatives Have Been Adopted by 60% of Fortune 500 Companies: Coinbase Survey
The crypto exchange surveyed Fortune 500 company execs and decision makers at small and medium-sized firms in the U.S. to assess crypto adoption trends.
SocGen’s Crypto Arm Unveils Dollar Stablecoin on Ethereum and Solana
SG Forge’s USD CoinVertible has Bank of New York Mellon acting as reserve custodian for the token.
Plasma’s XPL Token Sale Attracts $500M as Investors Chase Stablecoin Plays
The oversubscribed raise follows stablecoin issuer Circle’s massive IPO last week, underscoring investor appetite for stablecoin-related projects.
Deutsche Bank Considers Stablecoin or Joining Industry-Led Initiative, Exec Says
The bank is also weighing a tokenized deposit system to make payments more efficient, as regulatory clarity and pending legislation accelerate stablecoin adoption.
Senate Stablecoin Bill Likely to Win Massive Bipartisan Support, Dem Lawmaker Says
Republicans "adopted a lot of the amendments" Democrats wanted, Sen. Ruben Gallego said.
