US Treasury advances GENIUS Act mandate, seeks public input on stablecoin oversight
Key Takeaways The Treasury Department has opened public comment on stablecoin oversight under the GENIUS Act. Stablecoin issuers must maintain
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Stablecoin
Japan’s FSA to Approve First Yen-Denominated Stablecoin, JPYC, This Autumn
Japan’s Financial Services Agency (FSA) is set to approve the issuance of the country’s first yen-denominated stablecoin, JPYC, this autumn,
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Tether Taps $165B as Stablecoin Sector Climbs to $273B
Over the past week, the stablecoin market expanded by 1.28%, adding $3.464 billion to reach a total of $273.169 billion.
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Citigroup Targets Regulated Stablecoin Boom With Institutional-Grade Custody
Citigroup is charging into the crypto frontier, targeting stablecoin custody, ETF infrastructure, and instant blockchain payments as demand explodes. Traditional
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MetaMask readies mUSD stablecoin for late August launch: CoinDesk
Key Takeaways MetaMask plans to launch its own stablecoin, dubbed mUSD, by month-end in partnership with Stripe’s Bridge, M^0, and
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Transak Raises $16 Million From Tether and IDG Capital to Expand Stablecoin Payments Infrastructure
Transak, a fiat-to-crypto infrastructure provider, has raised $16 million in a strategic funding round led by Tether and IDG Capital
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Coinbase Targets DeFi Domination With New Stablecoin Fund to Accelerate Onchain Growth
Coinbase is igniting a fresh DeFi liquidity surge with a powerful new stablecoin fund, targeting top protocols to fuel adoption,
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Stablecoin Float Surpasses $270 Billion, Setting a New High
The stablecoin market’s total value has surpassed $270 billion, marking a new milestone for the sector, according to stats collected
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Ripple to acquire Rail for $200M to strengthen global stablecoin infrastructure
Key Takeaways Ripple is acquiring Rail for $200M to strengthen its stablecoin payments platform. The acquisition will enhance RLUSD’s utility
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Animoca, Standard Chartered and HKT to Pursue Hong Kong Stablecoin License
Animoca Brands, Standard Chartered Bank Hong Kong (SCBHK), and HKT have launched Anchorpoint Financial Limited, a Hong Kong-based joint venture
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