Stablecoin

Senate Majority Leader John Thune, R-S.D., said the cryptocurrency market structure bill will be considered "first thing" after senators return from recess in September.

Augustus National Bank, which is working to fulfill the conditions for its de novo OCC charter, was approved for federal deposit insurance by the FDIC.

Having a trust bank will allow the stablecoin company to offer custody products and to have flexibility in where and how it issues its stablecoins.

Congress has little time to move on the CLARITY Act before it breaks for recess. But even that bill won't ensure the future for stablecoins.

If the Federal Reserve wants to keep the U.S. dollar competitive in the 21st century it must move boldly to declare dollar-backed stablecoins equivalent to other forms of money.

The remittance company and stablecoin payments platform Rain are launching Stablecard, a digital wallet and Visa secured credit card backed by Western Union's stablecoin, the U.S. Dollar Payment Token, or USDPT.

The card network closed on a $1.8 billion deal to acquire a company that connects digital currencies and traditional money, a key bridge as more non-crypto natives embrace digital assets.

The neobank is the latest fintech to file a de novo trust bank charter application ahead of the GENIUS Act formally taking effect.

As a vote to invoke cloture on the CLARITY Act looms in the Senate, lawmakers are considering how and whether to offer banks' preferred language on stablecoin yield on the Senate floor.

The lender reported a 40% increase in net revenue, but operating expenses and an uncertain interest rate environment held it back from increasing outlooks.

The technology giant's patents, which were built for banks and credit unions, will enhance the USDC issuer's intellectual property as more banks enter the stablecoin market.

For banks, getting ahead in the digital asset race may be less about picking a winner and more about playing the field.

A primary criticism of stablecoins harks back to the era of free banking, when individual banks printed their own notes. But that era of private money bears little resemblance to the modern realities of stablecoin issuance.

As the regulatory landscape for digital assets becomes clearer, it is vital that stablecoin reserves, custody and settlement services, and the provision of liquidity not be concentrated within a small number of companies.

The company plans to use the funding to expand its global banking services, including using stablecoins for cross-border payments.

Caitlin Long, CEO of Custodia Bank, sits down with tech reporter Melinda Lucy to talk about the bank's launch of its on-chain Hazel Network in partnership with Vantage Bank, the stablecoins versus tokenized deposits debate and how the Hazel Network brings the two technologies together under a familiar legal framework for banks.

The stablecoin issuer has received final approval from the federal agency to open a trust bank division for custody of digital assets.

The payment company's PYUSD has launched on Polygon's international digital asset rail as big financial institutions give potential heft to Open Standard's pending OpenUSD.

The banks now let institutional clients mint and redeem Circle's USDC directly, turning them into stablecoin infrastructure providers.