Payment stablecoin issuers in the United States would be required to implement a regime targeting illicit finance under the proposed framework for the GENIUS Act. In a Wednesday notice, the US Treasury Department said…
UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, Banque Cantonale Vaudoise and Swiss Stablecoin AG have launched a sandbox to test use cases for a Swiss franc stablecoin in Switzerland. Announced on…
The National Bank of Rwanda (NBR) has warned the public that crypto payments and trades using the local currency remain illegal in the country after Bybit added support for the Rwandan franc for its peer-to-peer…
US dollar-pegged stablecoins and Bitcoin (BTC) share a “symbiotic” relationship, mutually benefitting from rising adoption, according to Sam Lyman, head of research at Bitcoin Policy Institute (BPI), a Washington…
Bitcoin (BTC) circled $67,000 on Sunday as traders warned of hidden BTC price weakness. Key points: Bitcoin Bollinger Bands demand a volatile BTC price breakout after a slow weekend. A trader predicts a move lower…
Tether is pressuring investors to commit to a fundraising round at a $500 billion valuation within the next two weeks, saying that it may delay the raise if demand falls short. The El Salvador-based firm has been…
Circle had several hours or days to freeze illicit USDC funds in many of the 15 cases presented, but failed to act, according to ZachXBT. Onchain detective ZachXBT claims that Circle, the issuer of the USDC (USDC)…
Stablecoin transaction volume surpassed the US Automated Clearing House network for the first time in February, a significant milestone for an asset class that has existed for less than 12 years. According to data from…
Stablecoin issuer Circle said it plans to launch its own version of a wrapped Bitcoin, which would put it against incumbents Coinbase and BitGo as it targets institutional users. The asset, called cirBTC and announced…
Google, Microsoft and Amazon Web Services are among the Big Tech firms supporting the newly launched x402 Foundation, established to govern and standardize the x402 protocol for agentic AI payments on crypto and fiat…
Stablecoins were a rare bright spot in an otherwise subdued crypto market in the first quarter, with supply growth and transaction activity pointing to sustained demand even as broader market conditions weakened. Total…
Coinbase chief legal officer Paul Grewal said the US Digital Asset Market Clarity Act is “moving toward” a markup hearing in the US Senate Banking Committee and could eventually move to a floor vote if senators resolve…