Banks are Afraid of Stablecoins: Groups Call for Tighter Rules Under GENIUS Act
TL;DR US banking groups are urging Congress to close a loophole in the GENIUS Act that allows stablecoin issuers to offer yields through affiliates, warning it
stablecoin (Latest Publications)
Coinbase Relaunches Stablecoin Bootstrap Fund to Supercharge DeFi Liquidity
TL;DR Coinbase is relaunching the Stablecoin Bootstrap Fund; CBAM will deploy USDC and EURC on Aave, Morpho, Kamino, and Jupiter to increase liquidity. The program resumes
Circle Launches EVM-Compatible Arc with Focus on Compliance and Speed
TL;DR Circle launched Arc, an EVM-compatible Layer 1 blockchain that will use USDC as its native token for fast and secure cross-border payments. USDC grew 90%
Circle Unveils Arc: A USDC-Powered Blockchain to Disrupt Payments and Markets
TL;DR Circle will launch Arc, a layer-1 blockchain compatible with EVM that will use USDC as its native token and offer integrated swaps. Circle’s revenue and
Western Union in Talks with Crypto Giants for Stablecoin Partnership
TL;DR Stablecoin Strategy: Western Union is considering launching a dollar-backed stablecoin in non-US markets to speed up cross-border transfers and reduce reliance on correspondent banks. Partnership
Clearpool Teams Up with Cicada to Develop Structured PayFi Lending Opportunities
TL;DR Partnership scope: Clearpool teams with Cicada to structure, underwrite, and administer risk-managed PayFi Credit Pools that channel DeFi liquidity to short-term working capital for fintech
Stripe’s Mysterious New Blockchain Could Rival Ethereum
TL;DR Key development: Stripe is incubating Tempo as a payments-focused, EVM-compatible layer 1 in stealth with a five-person team, built alongside Paradigm, and is undecided on
China Regulators Move to Suppress Stablecoin Promotion Amid Fraud Fears
TL;DR China instructed brokers and local entities to halt the promotion of stablecoins and cancel events or publications on the subject. Despite the cryptocurrency ban, over-the-counter
Animoca & Standard Chartered Take First Step Toward Hong Kong Stablecoin Launch
TL;DR Joint Venture: Anchorpoint combines Animoca’s blockchain expertise, Standard Chartered’s banking infrastructure, and HKT’s local reach to pioneer a licensed Hong Kong stablecoin. Sandbox Insights: A
Ripple Makes Power Move: Acquires Rail to Control 10% of Global Stablecoin Transfers
TL;DR Acquisition Details: Ripple is set to acquire Rail, a stablecoin payments platform, for two hundred million US dollars to capture ten percent of global stablecoin
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