Stablecoins

Stablecoins Could Obliterate  Trillion In Global Costs—Anthony Scaramucci

Stablecoins Could Obliterate $7 Trillion In Global Costs—Anthony Scaramucci

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Stablecoins could help the US keep its financial edge and lower global transaction fees, according to SkyBridge Capital founder Anthony Scaramucci. During an interview with CNBC this week, he said these dollar-pegged digital tokens aren’t just a crypto tool—they might be a […]

Stablecoins Could Obliterate $7 Trillion In Global Costs—Anthony Scaramucci Read More »

JPMorgan and other Wall Street banks reportedly in joint challenge for Tether’s stablecoin dominance

JPMorgan and other Wall Street banks reportedly in joint challenge for Tether’s stablecoin dominance

Some of the largest banks in the United States, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, are reportedly working on a joint stablecoin initiative, the Wall Street Journal reported May 23. Sam Kazemian, founder of Frax Finance, confirmed the development, signaling that the conversations between major banks might have advanced beyond speculation.

JPMorgan and other Wall Street banks reportedly in joint challenge for Tether’s stablecoin dominance Read More »

Binance lists USD1 stablecoin with trading restrictions in EU and US

Binance lists USD1 stablecoin with trading restrictions in EU and US

Binance, the largest crypto exchange by trading volume, revealed plans to list the USD1 stablecoin issued by the Donald Trump family-affiliated DeFi venture World Liberty Financial (WLFI). According to a May 22 statement, the exchange said it would open trading for the USD1/USDT pair on the same day. The firm added that its users can

Binance lists USD1 stablecoin with trading restrictions in EU and US Read More »

Historic Day For Hong Kong: Stablecoin Bill Receives Legislative Approval

Historic Day For Hong Kong: Stablecoin Bill Receives Legislative Approval

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Hong Kong’s Legislative Council has passed the long-anticipated Stablecoins Bill, establishing a licensing regime for fiat-referenced stablecoin (FRS) issuers. This legislative move, announced by the Hong Kong government on May 21, aims to strengthen regulatory oversight on virtual asset activities, fostering both

Historic Day For Hong Kong: Stablecoin Bill Receives Legislative Approval Read More »

GENIUS Act clears Senate motion, House lawmakers reintroduce Blockchain Certainty Act

GENIUS Act clears Senate motion, House lawmakers reintroduce Blockchain Certainty Act

US lawmakers advanced two blockchain-related legislative efforts on May 21, approving the GENIUS Act for debate and reintroducing the Blockchain Regulatory Certainty Act in the House. Lawmakers voted 69–31 to approve a motion to proceed on the Government and Enterprise Need for Innovation in the United States Act, or GENIUS Act, allowing formal debate and

GENIUS Act clears Senate motion, House lawmakers reintroduce Blockchain Certainty Act Read More »

Hong Kong advances stablecoin legislation introducing new rules for issuers

Hong Kong advances stablecoin legislation introducing new rules for issuers

Hong Kong has passed a landmark bill to regulate fiat-backed stablecoins, signaling its continued push to position itself as a global hub for digital finance. On May 21, Hong Kong lawmaker Johnny Ng confirmed that the Legislative Council approved the bill after its third reading. The new law is expected to take effect before the

Hong Kong advances stablecoin legislation introducing new rules for issuers Read More »

Crypto policies may dominate South Korea’s 2025 election agenda as 15M investors eye reforms

Crypto policies may dominate South Korea’s 2025 election agenda as 15M investors eye reforms

South Korea’s election is scheduled for 3 June. Candidates propose legalising Bitcoin and crypto ETFs. Lee Jae-myung of the Democratic Party and Kim Moon-soo from the People Power Party are leading with pro-crypto proposals. With over 15 million digital asset investors—nearly a third of the country’s population—crypto has emerged as a decisive issue in the

Crypto policies may dominate South Korea’s 2025 election agenda as 15M investors eye reforms Read More »

US Senate advances GENIUS Act amid bipartisan backing

US Senate advances GENIUS Act amid bipartisan backing

The US Senate has moved the GENIUS Act one step closer to becoming law, following a 66–32 cloture vote on May 19. The vote signals rare bipartisan support, with over a dozen Democrats joining Republicans to move the bill forward after weeks of negotiation. Notably, its approval sends the proposed stablecoin legislation to the House

US Senate advances GENIUS Act amid bipartisan backing Read More »

GENIUS Stablecoin Bill Passes to Next Stage of Voting

GENIUS Stablecoin Bill Passes to Next Stage of Voting

The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, passed in a 66-32 Senate vote on May 20. “The motion to invoke cloture on the motion to proceed to the consideration of the GENIUS Act has passed,” reported Fox’s Eleanor Terrett. She added that more than 15 Democrats flipped their votes from no

GENIUS Stablecoin Bill Passes to Next Stage of Voting Read More »

Tether’s 0 Billion Treasury Stash Surpasses Germany, Ranks 19th Globally

Tether’s $120 Billion Treasury Stash Surpasses Germany, Ranks 19th Globally

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Tether has just stepped into new territory. It’s now the 19th‑largest owner of US government debt. That means more private money is parked in Treasuries than many big nations. Tether Surpasses Germany In Treasury Holdings According to the Q1 2025 attestation report, Tether

Tether’s $120 Billion Treasury Stash Surpasses Germany, Ranks 19th Globally Read More »