Stablecoins Archives - Page 9 of 10

U.S. stablecoin regulation could be delayed as pro-crypto Democrats pull support

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A group of nine Democratic Senators announced that they will withdraw their support for the landmark U.S. stablecoin legislation unless changes are made to the bill. In a joint statement issued on May 3, the Senators noted that there are several issues with the current version of the stablecoin bill known as the Guiding and […]

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Crypto Bill Backlash: Senators Warn Stablecoin Act Isn’t Safe

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure What began as a promising effort to apply transparent rules to crypto and stablecoins has run into a serious roadblock. On May 4, 2025, ten US Senators came out swinging against the revised version of the “GENIUS Act,” stating that it might

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Senate looks to push through GENIUS stablecoin bill before end of May

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Senate Republicans have accelerated efforts to bring the first comprehensive federal stablecoin legislation, the GENIUS stablecoin bill, to a floor vote before the Memorial Day recess. Senate Majority Leader John Thune formally moved to expedite consideration of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act this week, setting up a potential chamber-wide

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Tether boosts US Treasury holdings by B amid YoY profit drop

Tether boosts US Treasury holdings by $3B amid YoY profit drop

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Tether increased its exposure to US Treasuries by more than $3 billion between quarters while posting a steep year-over-year decline in quarterly profits. According to its latest attestation report published on April 30, Tether’s combined holdings of US Treasury bills, reverse repurchase agreements, and money market funds with Treasury exposure reached approximately $120 billion by

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Ethena Labs partners with TON to integrate USDe into Telegram ecosystem

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Ethena Labs, the team behind the synthetic dollar USDe, has announced a strategic partnership with the TON blockchain. According to a May 1 statement, this move brings both USDe and its yield-generating counterpart, sUSDe, directly into the Telegram ecosystem. Ethena said: “This represents one of Ethena’s most meaningful launches to date. [Telegram] Users within [in

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Ripple’s reported billion offer for Circle rejected as too low

Ripple’s reported $5 billion offer for Circle rejected as too low

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Ripple has proposed a takeover of Circle, offering between $4 billion and $5 billion to acquire the stablecoin issuer, Bloomberg News reported on April 30, citing sources familiar with the matter. Circle rejected the bid because it was too low, and no final decision has been made on whether Ripple will submit another offer. The

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SEC closes PayPal stablecoin probe, clearing regulatory hurdle for PYUSD

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The U.S. Securities and Exchange Commission has formally ended its inquiry into PayPal’s dollar-backed stablecoin, PYUSD, opting not to pursue enforcement action, according to the company’s latest 10-Q filing. The decision, disclosed in Q1 2025 financials, follows a November 2023 subpoena that had raised industry speculation over whether PYUSD might be treated as an unregistered

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Tether Flexes Strength With 7.7-Ton Gold Reserve For XAUT

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Tether’s gold-backed token XAUT has increased significantly during the first quarter of 2025, the company’s official attestation published on April 28 stated. Every token is equivalent to one troy ounce of physical gold, and the current supply is backed by nearly eight

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Trump-backed stablecoin USD1 hits over billion market cap on BNB

Trump-backed stablecoin USD1 hits over $1 billion market cap on BNB

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World Liberty Financial’s (WLFI) USD1 stablecoin has officially surpassed $1 billion in market capitalization on BNB Chain following a series of high-volume mints executed within a single hour. The surge solidifies USD1’s standing as one of the fastest-growing decentralized stablecoins in the crypto ecosystem and marks a major milestone for the Trump family-backed protocol. On-chain

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Circle secures USDC regulatory nod in Abu Dhabi, enters tech ecosystem

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Circle, the issuer of the USDC stablecoin, has secured initial approval from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi. The approval, announced on April 29, allows Circle to move closer to receiving a full Financial Services Permission (FSP) to operate within the Abu Dhabi Global Market (ADGM). This progress comes just months after Circle’s

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