Follow stablecoin news, issuer updates, market share changes, regulation, reserve transparency, and payment adoption trends.
The firm reported a net operating profit of $1.3 billion in the second quarter, marking its highest quarterly profit to date.
The bill, which was first introduced a few years ago, is expected to take effect on Sept. 1, pending final approval from the federation.
Learning from past errors, robust infrastructure, and emerging regulatory frameworks now position stablecoins for a resilient future.
State Street is also evaluating joining digital-cash consortium efforts and exploring settlement options through its investment in Fnality.
The regulators noted that most industr participants supports a regulatory regime for stablecoin issuers.
DWS anticipates early interest from crypto investors followed by "wider demand."
Paxos predicts that the end of the SEC's investigations will "unlock a new wave of stablecoin adoption."
Stablecoins trading momentum have slowed amid a broader crypto market downturn.
First RWA rebase protocol stUSDT achieves new security milestone with ChainSecurity's successful audit.
