Jerome Powell Supports Fed's New Stablecoin Policies—But Chair Kevin Warsh Abstains
The proposed rulemaking establishes how U.S. crypto companies will have to screen stablecoin customers after the passage of the GENIUS Act.
Bitcoin News·
The IMF reports that Nigeria captured 60% of all stablecoin traffic in sub-Saharan Africa as users seek alternatives to traditional banking. IMF: Stablecoins Transform From Niche Market to Major Payment Route Nigerians are increasingly turning to U.S. dollar-pegged stablecoins to move money across borders as small businesses and households search for cheaper and faster alternatives […]
Read full articleThe proposed rulemaking establishes how U.S. crypto companies will have to screen stablecoin customers after the passage of the GENIUS Act.
A bipartisan housing bill negotiation has brought a proposed federal retail CBDC ban back into focus, raising fresh questions about stablecoins and the digital dollar.
The proposal could lead to industry consolidation, favoring larger stablecoin issuers who can absorb compliance costs, impacting market dynamics. The post Federal Reserve requests comments on stablecoin issuer proposal appeared first on Crypto Briefing.
Tether says it will halt minting and wind down aUSDT, refocusing on USDT and newer stablecoin initiatives.
Morpho's $110M vault highlights DeFi's shift towards real-world assets, raising questions about risk management and stablecoin utility. The post Morpho’s PRIME Main Vault deposits reach $110M as LPs earn yield on PYUSD appeared first on Crypto Briefing.
SBI Remit has partnered with digital asset platform Fasset to develop stablecoin-based infrastructure for cross-border payments and other financial services. According to a press release shared with crypto.news, the initiative will combine SBI Remit’s international remittance network with Fasset’s blockchain-powered…
Range's funding boost highlights the growing institutional demand for seamless integration of digital and traditional financial systems. The post Range raises $8.3M to unify stablecoin and fiat operations appeared first on Crypto Briefing.
Fidelity Investments has launched a money market fund aimed at stablecoin issuers and institutional investors seeking to meet reserve requirements under the GENIUS Act. Fidelity said on Thursday that the new Fidelity Reserves Digital Fund will invest in cash, short-term…