Stablecoin Controversy: Bessent Slams Senate Block
Treasury Secretary Scott Bessent criticizes the Senate for blocking the GENIUS Act, a key stablecoin regulation bill, jeopardizing U.S. leadership in digital assets. #Update #Legal (+7) ↘
Stablecoins
Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Stripe Launches Stablecoin Accounts Globally
@Stripe has launched stablecoin accounts for businesses in 101 countries, enabling transactions with $USDC and $USDB, aiding entrepreneurs in volatile currency regions. #Update #Crypto $USDC (+4) ↗
Stablecoin Bill Stalls US Senate Decision
The US Senate failed to advance the GENIUS Act, a stablecoin regulatory framework, amid political disputes and calls for tighter regulations. #Update #Legal $BTC (-3) ↘
Stablecoin Legislation Stalls as GENIUS Act Fails
The Senate’s GENIUS Act, aimed at establishing a stablecoin framework, failed a key procedural vote, jeopardizing other crypto bills’ progress. #Update #Legal (-7) ↘
Stablecoin USD1 Surges to Fifth Place
The U.S. Senate votes on the GENIUS Act, impacting Trump-backed stablecoin USD1, now the 5th-largest globally with a $2.12B market cap. #Breaking #Legal $USD1 (+9) ↗
Stablecoin Bill Deal Nears Senate Approval
Senate Democrats and Republicans near a deal on the GENIUS Act for stablecoin legislation, potentially impacting $TRUMP and World Liberty Financial. #Update #Legal $TRUMP (+5) ↗
Stablecoin Milestone Tether Expands on Kaia
@LINENEXT and Kaia have integrated $USDT on the Kaia blockchain, enabling 196 million LINE users in Asia to access stablecoin payments via LINE Messenger. #Update #Crypto $USDT (+6) ↗
Coinbase Lists Gold-Pegged Stablecoin PAXG
@Coinbase has added $PAXG, a gold-pegged stablecoin by Paxos Trust Company, to its listing roadmap, signaling potential future availability on the platform. #Update #Crypto $PAXG (+3) ↗
Visa Enhances Stablecoin Payments with BVNK
@Visa’s venture arm invests in @BVNK to enhance global payment networks via stablecoin infrastructure, following BVNK’s $50M Series B round. #Update #Crypto (+4) ↗
Crypto Surge: Tether Boosts Tron Breakout
Tether minted $1 billion USDT on @Tronfoundation, fueling speculation of a potential breakout for $TRX as it stabilizes near $0.24 amid bullish technical indicators. #Update #Crypto $TRX (+3) ↗
Visa Invests in BVNK Stablecoin Platform
@Visa Ventures invests in @BVNK’s stablecoin platform following a $50M Series B, supporting US expansion with new offices and hires. #Update #Crypto (+6) ↗
Altcoins Fate Hinges on Stablecoin Regulations
Altcoins could face challenges if the U.S. Congress does not pass stablecoin legislation, impacting liquidity and institutional participation as the Senate votes on the GENIUS Act before Memorial Day. #Update #Crypto $BTC (-4) ↘
Crypto Tether Mints $8B USDT Fast
Tether minted $1 billion USDT on Tron, part of an $8 billion spree, boosting total circulation to $149.4 billion and capturing 61% market share. #Update #Crypto $USDT (+6) ↗
AI Innovation Tether CEO Launches Project
@Tether_to launches Tether AI, an open-source project supporting crypto payments and P2P AI networks, enhancing $USDT and Bitcoin transactions with WDK integration. #Update #Crypto $USDT (+6) ↗