In short Top banking groups say the new Clarity Act language leaves loopholes regarding stablecoin yields. The compromise would ban direct returns …
Stablecoin
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Markets
ECB's Lagarde’s digital euro warning: Why Europe shouldn’t just copy the U.S. stablecoin model
by shayaanby shayaanLagarde warned that large stablecoins like Tether and USDC, which now dominate a $310 billion market, pose financial stability risks and could …
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Circle urged the OCC to finalize clear, consistently applied $GENIUS Act rules for payment stablecoin issuers. The company said the proposed framework …
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Markets
AI agents and large corporates will lead the next stablecoin boom, executives say
by shayaanby shayaanStablecoins are entering a new phase of adoption, with large corporations using them for cross-border treasury flows while AI agents begin using …
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Markets
Coinbax wins $20,000 PitchFest prize at Consensus Miami for stablecoin compliance
by shayaanby shayaanCoinbax took the top spot at Consensus Miami with software built to add compliance controls to onchain payments. www.coindesk.com
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Regulation
Hong Kong sets strict conditions for future stablecoin licenses after first approvals
by shayaanby shayaanThe Hong Kong Monetary Authority (HKMA) warns that only a few companies will be granted stablecoin issuer licenses going forward. According to …
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Finance
Rain adds Mastercard support as $1.95B stablecoin startup targets on-chain settlement
by shayaanby shayaanRain, a $1.95B-valued stablecoin infrastructure firm, is adding Mastercard support to extend its Visa-based model and plug on-chain settlement into legacy payment …
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Regulation
Brian Armstrong tells the Senate to “mark it up” after CLARITY Act stablecoin yield deal lands
by shayaanby shayaanCoinbase CEO Brian Armstrong posted a three-word response on X on May 1 after Senators Thom Tillis and Angela Alsobrooks released the …
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Somnia’s new USDso stablecoin, issued by Frax Finance and backed by tokenized Treasuries, routes reserve yield back into Somnia’s high-throughput DeFi ecosystem. …
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Regulation
Banks Stay Tight-Lipped as Senators Reveal Proposed Clarity Act Stablecoin Deal
by shayaanby shayaanIn brief Senators unveiled a Clarity Act compromise on the subject of stablecoin rewards. The language would ban rewards on stablecoin deposits …