The OCC’s proposed rulemaking under the GENIUS Act may restrict stablecoin yield payouts, raising concerns among crypto firms about compliance and potential bans on interest payments. #Update #Crypto $USDC
Crypto markets remain stagnant, with Bitcoin around $60K and ether at $2K. JPMorgan cites the Clarity Act as a potential catalyst for regulatory clarity. #Update #Crypto $BTC $ETH
@Meta plans to reintegrate stablecoin payments in late 2023, shifting focus from branded coins to user relationships, amid rising competition from various stablecoin issuers. #Update #Crypto $USDC
@AllUnity has launched CHFAU, a stablecoin pegged to the Swiss franc, backed 1:1 by reserves. This ERC-20 token responds to institutional demand for regulated digital CHF. #Update #Crypto $CHFAU
The OCC’s proposed stablecoin rules may hinder yield and rewards, impacting firms like @Circle and @Coinbase. Industry insiders suggest potential for negotiation despite concerns over regulatory overreach. #Update #Crypto $USDC
Tether invests $200 million in @Whop to enhance stablecoin payments, valuing the startup at $1.6 billion; integration allows users to transact in $USDT and expand into global markets. #Update #Crypto $USDT
html h3 tag Expert forecasts $5 trillion influx into crypto markets following CLARITY Act passage, highlighting potential market growth. #Update #Crypto
@Stripe is exploring an acquisition of @PayPal, valued at $159 billion. This could consolidate their stablecoin efforts, with PayPal’s PYUSD reaching $4 billion in market value. #Update #Crypto $PYUSD
ProShares’ ETF debuted with $17 billion in trading volume, raising speculation about potential ties to @Circle and its USDC reserves. Analysts see opportunities for stablecoin issuers. #Update #Crypto $USDC
$XRP is being considered as a potential central bank bridge asset, possibly surpassing $BTC in utility. #Update #Crypto $XRP
The SEC now allows broker-dealers to count 98% of their stablecoin holdings as regulatory capital, marking a significant shift in treatment for assets like $USDC and $USDT. #Update #Crypto $USDC
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, calls cryptocurrencies “utterly useless” and dismisses stablecoins as “buzzword salad,” questioning their real-world utility. #Update #Crypto $BTC
@Bridge, a stablecoin infrastructure firm owned by Stripe, received conditional approval from the U.S. Office of the Comptroller of the Currency to form a national trust bank for issuing stablecoins. #Update #Crypto $USDC
@A7A5’s Oleg Ogienko defends compliance with Kyrgyz regulations amid U.S. sanctions, emphasizing growth in cross-border payments for Russian users despite limited liquidity options #Update #Crypto $USDT
