Tether Taps KPMG for Full USDT Audit as It Eyes U.S. Expansion and $20B Fundrais...
TLDR: Tether has selected KPMG to conduct a full audit of its $185 billion USDT stablecoin reserves. PwC has been engaged to prepa...
Stablecoins Surpass Nations as Major U.S. Treasury Holders After GENIUS Act
TLDR: Tether holds $141B in U.S. Treasury exposure, ranking it 17th among all global government debt holders. The GENIUS Act legal...
Circle Pushes UK to Merge EU and US Stablecoin Frameworks
TLDR Circle policy chief Dante Disparte urged the UK to combine MiCA clarity with the US GENIUS Act framework. Disparte told the H...
FDIC Chief Says Stablecoins Won’t Get Deposit Insurance
TLDR FDIC Chairman Travis Hill said stablecoins will not qualify for federal deposit insurance under the GENIUS Act. The FDIC plan...
Florida Passes First U.S. Stablecoin Law: What SB 1568 Means for Crypto Regulati...
TLDR: Florida’s SB 1568 passed 37-0, making it the first U.S. state stablecoin regulatory framework. Stablecoin issuers must hold...
SoFi Bank Launches First U.S. Chartered Bank Stablecoin With BitGo Infrastructur...
TLDR: SoFiUSD is the first stablecoin issued by a U.S. nationally chartered and insured deposit bank on a public chain. BitGo’s St...
Stablecoins Challenge Traditional Banks as Yield Gap Widens and Regulatory Debat...
TLDR: Stablecoins like USDC and PYUSD now offer yields above 4%, far outpacing bank savings rates near 0.01%. The CLARITY Act miss...
OCC Proposes Regulatory Framework for Payment Stablecoins Under the GENIUS Act
TLDR: The OCC proposed a regulatory framework for payment stablecoin issuers under the GENIUS Act with a 60-day comment window. BS...
Anchorage Digital Builds Federal Rails for Stablecoin Payments
TLDR: Anchorage Digital Stablecoin Solutions enables international banks to settle USD transfers using regulated stablecoin infras...
ProShares Debuts Stablecoin-Ready ETF Compliant with GENIUS Act
TLDR ProShares launched the GENIUS Money Market ETF (IQMM), designed to support stablecoin issuers with liquid, short-term U.S. go...