New York Department of Financial Services partners with European Banking Authority to enhance stablecoin oversight

Enhanced regulatory collaboration could lead to more robust consumer protection and reduced regulatory arbitrage in the stablecoin market. The post New York Department of Financial Services partners with European Banking Authority to enhance stablecoin oversight appeared first on Crypto Briefing.

Stablecoin use is accelerating beyond crypto trading, with filtered transaction velocity reaching a record 49.7 times annualized. At the same time, bitcoin and ethereum spot ETFs are facing sustained outflows, raising questions about the depth of institutional demand. Bitcoin ETF Outflows Hit $6.6B as Stablecoin Payments Accelerate Stablecoins are showing signs of a major shift […]

New York’s financial regulator has formed a stablecoin supervision agreement with the European Banking Authority as regulators on both sides of the Atlantic tighten cooperation over digital assets. The New York State Department of Financial Services said Tuesday that it…

The exchange has invested an undisclosed amount in ProShares’ Treasury-focused ETF built for the post-GENIUS era as lawmakers debate whether stablecoin issuers can offer yield-bearing products.

Coinbase invested in Proshares’ GENIUS Money Market ETF as stablecoin reserve standards evolve. The fund uses short-term U.S. Treasurys, cash, and cash equivalents, giving issuers another compliance-focused option for backing payment stablecoins. Coinbase’s IQMM Investment Points to a New Reserve Era for Stablecoins Crypto exchange Coinbase Global Inc. (Nasdaq: COIN) announced on June 2 that […]

The New York Department of Financial Services and European Banking Authority said they'll work together to oversee stablecoins.

The Move-based blockchain network said it gained access to licensed payment infrastructure as it shifts toward stablecoin settlement and remittances.

Coinbase invests in ProShares IQMM ETF to support GENIUS Act stablecoin reserves as demand for compliant infrastructure grows. The post Coinbase expands stablecoin push with investment in ProShares’ IQMM ETF appeared first on Crypto Briefing.