The USDC stablecoin issuer is betting Arc can become Wall Street’s blockchain rail for payments and tokenized finance, though analysts still see it as speculative.
The Senate Banking Committee is set to vote on the crypto bill, or Clarity Act, on Thursday despite objections from banks and Democrats.
A senior White House official has accused major banking trade leaders of refusing to join earlier talks on stablecoin rewards, escalating a dispute that has become one of the final pressure points ahead of the Senate Banking Committee taking up the CLARITY Act this week. In a May 11 post on the social media platform […]
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The project has raised $2 million in pre-seed funding led by Galaxy Ventures and plans to launch USBD on Ethereum in early summer 2026.
Corpay will use stablecoin rails in its treasury operations to improve capital efficiency, reduce reliance on pre-funded accounts, and move funds across its global footprint.
Days before a key Senate committee to vote on crypto legislation, ABA CEO Rob Nichols sent a letter to bank executives.
The CLARITY Act is heading back to the Senate Banking Committee on May 14 after months of stalled negotiations, putting a small group of Democrats at the center of the crypto industry’s push for a federal market-structure law. The markup comes after the bill was slowed by disputes over stablecoin rewards, anti-money laundering safeguards and […]
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Corpay partnered with BVNK to add stablecoin wallets and 24/7 settlement across its 800,000-client global payments network.
Circle raised $222M in an Arc presale at a $3B valuation; BlackRock, Apollo, and a16z invest as Q1 revenue reaches $694M and USDC hits $77B.
Crypto.com's UAE entity became the first VASP to receive a UAE central bank SVF license tied to Dubai government crypto payment services.
The rsETH crisis resulted in $200 million in bad debt on Aave's books, despite not a single line of its contracts misbehaving. On Apr. 18, attackers that Chainalysis preliminarily linked to Lazarus compromised RPC infrastructure, forced a failover to poisoned nodes via DDoS, and injected false data into a 1-of-1 DVN configuration on KelpDAO's rsETH […]
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BlackRock is accelerating its push to bring Wall Street yields to the blockchain, filing paperwork with US regulators to introduce a pair of tokenized money market funds. The move represents a major escalation in the asset management giant's strategy to bridge traditional financial instruments with the rapidly expanding digital asset ecosystem. According to May 8 […]
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Ondo Finance said Ripple has redeemed OUSG on XRP Ledger and received a USD payout in Singapore through Mastercard and Kinexys by J.P. Morgan. The May 6 pilot tested whether a tokenized fund redemption on a public blockchain could trigger a bank-account payout across borders and banks, using a transaction path that Ondo said operated […]
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Bank of Canada stablecoin regulations could arrive in mid or late 2027, pushing the detailed rulebook later into the same year that Canada's government has already marked for its framework to take effect. That timing lands just as Visa Canada and Wealthsimple are piloting USDC settlement for certain card-network obligations in Canada. The result is […]
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The Senate Banking Committee plans to mark up the CLARITY Act on May 14, giving the stalled crypto-market-structure bill its clearest path this year toward a committee vote. The hearing would move one of Congress’s most closely watched digital-asset bills from private negotiations into a public amendment process, where lawmakers are expected to test whether […]
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The CLARITY Act is finally moving toward a long-awaited Senate Banking Committee markup next week, but its path is being complicated by a fight over whether Congress should impose new ethics restrictions on federal officials and elected leaders involved with the crypto industry. On May 7, crypto journalist Eleanor Terrett reported that the draft text […]
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Lagarde warned that large stablecoins like Tether and USDC, which now dominate a $310 billion market, pose financial stability risks and could transmit stress to underlying asset markets during periods of turmoil.
Executives from MoonPay, Ripple and Paxos said at Consensus Miami 2026 that regulation has accelerated stablecoin adoption, but infrastructure, privacy and distribution remain major hurdles.
Senator Elizabeth Warren questioned Meta over its stablecoin trial, citing Libra risks and 2026 integration plans.
Stablecoin settlement enables weekend/holiday settlement, reducing trapped capital by over 40%. This improves card economics and financial flexibility for issuers.
The ECB President argued that euro-denominated stablecoins risk financial stability and monetary policy, pushing for a digital euro instead.
Stablecoins are entering a new phase of adoption, with large corporations using them for cross-border treasury flows while AI agents begin using blockchain rails for autonomous payments, Bridge and Deus X Capital executives said at Consensus 2026.
Kraken parent Payward agreed to buy Hong Kong stablecoin payments firm Reap Technologies for $600 million in another acquisition.
Sui processed over $1 trillion in stablecoin volume since August as Mysten Labs' Abiodun eyes a zero-fee and private payments rollout.
Pantera said that the $321 billion tokenization market is still in a "newspaper-on-a-website" phase, with 77.6% of assets still just wrappers.
Premier David Burt said Bermuda's "onchain economy" plan aims to bring stablecoins into everyday commerce.
US banks are mounting an aggressive lobbying effort to stall the CLARITY Act, even as key US lawmakers signal a fast-tracked timeline to put the bill on the president’s desk before July 4. The legislative clash centers on the Digital Asset Market Clarity Act, a sweeping regulatory framework that cleared the House with bipartisan support […]
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Y Combinator is set to host interviews in New York City for the first time, focusing specifically on fintech and crypto startups.
Coinbase CLO Paul Grewal says the Clarity Act will pass this summer, backing the Tillis-Alsobrooks stablecoin compromise.
The a16z-backed stablecoin yield and RWA lending platform’s funding round was led by Mercury Fund and Notion Capital.