The quiet consolidation of stablecoins as a settlement layer for real cross-border commerce is becoming difficult to ignore. PhotonPay, a financial operating …
Stablecoin
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The Bank of England has softened its proposed framework for systemic sterling stablecoins, dropping individual holding limits and replacing them with a …
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Digital asset company AllUnity is launching SEKAU, a Swedish krona-backed stablecoin issued under the European Union’s Markets in Crypto-Assets Regulation (MiCA). The …
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Digital asset company AllUnity is launching SEKAU, a Swedish krona-backed stablecoin issued under the European Union’s Markets in Crypto-Assets Regulation (MiCA). The …
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The race to manage stablecoin reserves is attracting another major Wall Street name, and this time it’s Fidelity. The financial services giant …
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Regulation
US regulators push user ID requirements for stablecoin issuers akin to regulated banks
by shayaanby shayaanSeveral US government agencies responsible for financial regulation have issued a proposed rule as part of the implementation of stablecoin-focused legislation, pushing …
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Regulation
U.S. agencies seek stablecoin customer-ID rules akin to banks in new GENIUS Act rule
by shayaanby shayaanThese standards, according to the rule proposal, “must include reasonable procedures for: (1) verifying the identity of any person seeking to open …
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Regulation
Jerome Powell Supports Fed’s New Stablecoin Policies—But Chair Kevin Warsh Abstains
by shayaanby shayaanIn brief The Federal Reserve proposed new rules requiring U.S. crypto firms to verify stablecoin users. Former Fed Chair Jerome Powell backed …
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Finance
Crypto Fintech Firm Range Secures $8.3M Series A for Stablecoin and Fiat Platform
by shayaanby shayaanRange, a fintech company specializing in stablecoin and fiat asset management, has raised $8.3 million in a Series A funding round. The …
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Regulation
Fed, FinCEN, and other regulators propose bank-like identification standards for stablecoin issuers
by shayaanby shayaanThe Federal Reserve is seeking feedback on a proposal that would mandate effective customer identification programs for certain payment stablecoin issuers, mirroring …