BlackRock Launches Stablecoin Reserve Fund
BlackRock adapts its money market fund for stablecoin reserves under the GENIUS Act, responding to issuer demand for compliant assets. #Update #Crypto $USDC
Stablecoins
Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Coinbase Launches New Stablecoin Payments Platform
@Coinbase launches “Coinbase Business” for USDC payments, offering 4.1% APY on balances and integrations with QuickBooks/Xero. Exploring stablecoin utility across platforms amid competition with Circle. #Update #Crypto $USDC
Stablecoin Infrastructure Boosts BNY Mellon Agility
@BNY_Mellon is exploring stablecoin infrastructure development but hasn’t committed to launching its own token, focusing on supporting the ecosystem instead. #Update #Crypto $USDC
Stablecoin Regulations Face Major Risks Ahead
Federal Reserve Governor Michael Barr warns of risks in stablecoin regulations, citing past financial crises; industry awaits clarity post-GENIUS Act while Tether’s USDT operates offshore. #Update #Crypto $USDT
Coinbase Launches Business Stablecoin Platform
Coinbase launches a financial platform for SMBs to manage crypto and earn up to 4.1% APY on $USDC, integrating QuickBooks and Xero. #Update #Crypto $USDC
Tether Expands Influence with Juventus Board Nomination
@Tether has nominated Zachary Lyons and Francesco Garino to join Juventus’ board ahead of a Nov. 7 meeting, following its 10.7% stake acquisition amid past leadership scandals. #Update #Crypto $USDT
Stablecoin Issuers Attracted by BlackRock Fund
@BlackRock has restructured its fund, now called the BlackRock Select Treasury Based Liquidity Fund, to target stablecoin issuers, investing in U.S. Treasury bonds and overnight repos. #Update #Crypto $USDC
Stablecoin Users Face Risks as GENIUS Act Lacks Guardrails
Federal Reserve Governor Michael Barr stated the GENIUS Act improves stablecoin regulation but lacks strong consumer protections. He emphasized the need for unified rules to mitigate risks and enhance payment systems. #Update #Crypto
Pi Network Launches Game-Changing PiUSD Stablecoin
Dr. Altcoin suggests @PiNetwork may launch a PiUSD stablecoin, enhancing AI and robotics transactions, as the altcoin struggles at $0.21 after a 95% drop from its peak. #Update #Crypto $PI
Paxos Launches $300T PayPal Stablecoin Surge
On Wednesday, @Paxos mistakenly minted $300 trillion of PYUSD on Ethereum due to a technical glitch, quickly resolved by burning the excess. All customer funds remain safe. #Update #Crypto $PYUSD
Stablecoin Revolution Sony Bank Seeks OCC Charter
Sony Bank, majority-owned by Sony, seeks an OCC national trust bank charter to issue and manage stablecoins in the US, marking its entry into the digital asset market. #Update #Stablecoin
Nasdaq Approves OwlTing Stablecoin Listing
OwlTing will list on Nasdaq Global Market Thursday, marking a first for Asian blockchain firms in the U.S., amid growing stablecoin interest. #Update #Crypto
Circle Dominates U.S. Stablecoin Regulations
@Circle’s USDC market cap is projected to reach $220 billion by 2027, benefiting from new U.S. stablecoin regulations as the global market could hit $4 trillion by 2035. #Update #Crypto $USDC
Stablecoin Issuers Pursue US Bank Charters
Stripe’s Bridge applies to the OCC for a national trust bank charter under the GENIUS Act, aiming to issue stablecoins federally. This follows similar moves by Circle and Coinbase. #Update #Legal