GENIUS Act examined for banning stablecoin yields as traditional finance tokenization grows
US Genius Act and Its Impact on Stablecoins The recently passed US Genius Act has garnered considerable attention as a significant advance for Stablecoin adoption. Yet, its main provisions may undermine the attractiveness of the digital dollar when stacked against money market funds. This shift raises concerns about whether the legislation was influenced by the […]
FIS and Circle to Assist Financial Institutions in Utilizing USDC Stablecoin
FIS has announced a partnership with Circle to enable financial institutions to trade using the USDC stablecoin. This collaboration integrates FIS’s infrastructure solutions with Circle’s stablecoin technologies, as stated in a press release on July 28. This partnership aims to facilitate domestic and cross-border payments for US financial institutions using USDC. Jim Johnson, co-president of […]
Interactive Brokers Looks into Launching a Stablecoin
Interactive Brokers Ventures into Stablecoin Services Trading firm Interactive Brokers is set to expand its presence in the cryptocurrency sector by introducing its own Stablecoin. As reported by Reuters, the firm plans to allow traders to use its Fiat Page cryptocurrency for funding securities accounts. Additionally, Interactive is working on integrating support for popular cryptocurrency […]
Wyoming’s Stablecoin Promoted as Yield-Generating Option to CBDC Regulation
Simply put Wyoming’s stable token, WYST, isn’t designed to generate yields immediately, but it has the capacity to allow that functionality in the future, according to Wyoming Senator Chris Rothfuss. The Wyoming Blockchain Selection Committee has pushed for the issuance of WYST to avoid acting as a political or financial gatekeeper. While the Genius Act […]
Anchorage Digital and Ethena Labs Introduce the First Stablecoin in the U.S. That Meets GENIUS Act Requirements
Just a few days after the Genius Act was approved, Anchorage Digital Labs and Ethena Labs have teamed up to launch the U.S. version of the Offshore USDTB Stablecoin. This digital currency will be the first Stablecoin to roll out under the new regulations established by the recently passed bill. Ethena Labs will issue the […]
Lightning Network may capture 5% of stablecoin transactions by 2028, according to Voltage CEO.
Experts in the industry believe that the Lightning Network, a Layer-2 scaling solution for Bitcoin, is boosting both retail and institutional adoption. They predict that the usage of Stablecoins could see a substantial increase over the next few years. In a recent conversation with Cointelegraph, Graham Krizek, CEO of Voltage, a provider of Lightning Network […]
US cryptocurrency laws lead to a $4B increase in stablecoin supply
Impact of the Genius Act on the Crypto Landscape The Genius Act has barely been enacted, yet its effects are already making waves in the cryptocurrency sector. In just a week, the industry saw a boost of nearly $4 billion, lifting the market capitalization of Stablecoins to over $264 billion and enhancing profits for companies […]
Circle Rated as a ‘Sell’ by Compass Point Following Trump’s Stablecoin Bill Signature
Simply put Compass Point analysts have downgraded Circle (CRCL) shares to a “sell” rating. They mentioned increased competition in the Stablecoin space, falling Federal Reserve rates, and a drop in retail participation as potential drawbacks. The shares recently closed down over 8%, currently valued around 34%, a significant drop from an all-time high of $298.99. […]
Stablecoin Legislation Indicates Beginning of a New Financial Era in America, Says Coinbase CEO Brian Armstrong
Coinbase CEO Sees New Financial Era with Stabilized Cryptocurrency Law Brian Armstrong, the CEO of Coinbase, views the recent signing of the Stubcoin bill as a significant turning point for the financial landscape in the United States. On July 18, President Trump enacted the Genius Act, which aims to fortify the US dollar’s position as […]
Trump approves stablecoin legislation with GENIUS Act
In a significant development for the cryptocurrency sector, President Donald Trump and Congress have rolled out new regulations this week focusing on stablecoins, which are cryptocurrencies pegged to tangible assets like the US dollar. They passed and signed a new legislation referred to as the Genius Act. What are Stablecoins? Stablecoins represent a growing niche […]