(source: en.wikipedia.org)
The CLARITY Act (H.R.3633) has moved closer to consideration by the U.S. Senate. The crypto bill was reported by the Senate Banking Committee and was placed on the Senate Legislative Calendar on Tuesday (June 2), according to Congress.gov. Seeking Alpha, which flagged these moves in...
The technological novelty defense has a shelf life. For stablecoins, it’s expiring. And while stablecoin issuers have traditionally argued that their products represented something beyond traditional finance, central banks are looking past the programmable flash of blockchain and focusing on something far more familiar underneath...
MoneyGram has launched its own stablecoin as it builds its blockchain payments infrastructure. The native U.S. dollar coin, MGUSD, is designed less for crypto natives than for people who need to move money but don’t have access to traditional financial services, MoneyGram said in a...
The stablecoin debate is no longer primarily about crypto. It is about banking power. And if the back-and-forth over the weekend between Coinbase and JPMorgan Chase is any indication, it may not even be much of a debate anymore. Asked about the CLARITY Act on...
Minnesota will start allowing banks and credit unions to offer and perform certain virtual currency custody services on Aug. 1. Governor Tim Walz signed the bill creating the law (HF 3709) on May 8, according to a press release. The law allows banking institutions to...
Binance is moving beyond cryptocurrency to allow users to trade stocks and exchange-traded funds (ETFs). Starting Monday (June 1), users will get access to upwards of 7,000 U.S. stocks and ETFs on its app, along with crypto tokens, the world’s largest crypto platform said in its announcement....
Another European Central Bank official issued a stablecoin-related warning, Bloomberg News reported Sunday (May 31). Isabel Schnabel, who sits on the bank’s executive board, said at a Bank of Korea conference in Seoul that these tokens threaten financial stability and monetary policy by increasing the...
For middle-market chief financial officers, the promise of faster payments is not enough to move digital assets into the finance stack. That was the main signal from “Waiting for Certainty: Why Most CFOs Are Holding Back on Crypto and Stablecoins,” the March installment of PYMNTS Intelligence’s 2026 Certainty...
A Bank of England economist says stablecoins’ popularity could soon wane, supplanted by tokenized deposits. “I think tokenized deposits are probably going to take over from stablecoins, and five years from now, I suspect we might wonder why we were talking about stablecoins,” said Megan...