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Senate Republican leaders are pushing to pass the Digital Asset Market Clarity (CLARITY) Act in July, with roughly four weeks before a monthlong recess, even as Senator Cynthia Lummis insists the bill protects consumers while clearing the way for responsible innovation. The Clock Is Ticking Senate Banking Committee Chairman Tim Scott (R-SC) and Senate Majority … Read more
U.S. President Donald Trump is reportedly withholding his signature from a sweeping housing bill that would bar the Federal Reserve from issuing a central bank digital currency (CBDC) through 2030, tying the measure to a separate voter-eligibility law that the Senate has already rejected. A Bipartisan Ban Caught in a Standoff The 21st Century ROAD … Read more
A new pilot from Stablecore, Circuit and Curql gives participating US credit unions access to test stablecoin payments and other digital asset services. Go to Source
Fidelity has launched a government money market fund designed for stablecoin issuers managing reserve assets under the GENIUS Act. The product joins a growing wave of institutional funds built for the fast-expanding stablecoin market. Fidelity Expands Into Stablecoin Infrastructure With New Government Money Fund Fidelity Investments has launched a government money market fund aimed at … Read more
A bipartisan group of US senators told the Treasury that its application of stablecoin laws should be done in a way that “preserves and promotes State participation.” Go to Source
The launch comes amid growing competition among financial institutions to manage assets backing dollar-pegged stablecoins. Go to Source
Coinbase invested in Proshares’ GENIUS Money Market ETF as stablecoin reserve standards evolve. The fund uses short-term U.S. Treasurys, cash, and cash equivalents, giving issuers another compliance-focused option for backing payment stablecoins. Coinbase’s IQMM Investment Points to a New Reserve Era for Stablecoins Crypto exchange Coinbase Global Inc. (Nasdaq: COIN) announced on June 2 that … Read more
Falcon Finance has introduced fUSD, a fully reserved stablecoin issued by Anchorage Digital Bank and designed for institutional settlement, collateral, and treasury use. The product includes a rewards structure targeting about 3% annually for qualifying institutional holders. fUSD Offers Regulated Stablecoin With Monthly Rewards for Institutions Falcon Finance has unveiled fUSD, a stablecoin aimed at … Read more
Tether’s USDT has expanded by over $5 billion in the past month, with competing stablecoins including USDC, USDe, and PYUSD shedding a combined $4.2 billion over the same period. Tether Consolidates Grip as Rivals Retreat According to data, USDT’s net growth over the past month stands at roughly $900 million (0.3% of the total supply), … Read more
U.S. Senator Cynthia Lummis has warned that China and Europe are actively competing with the United States for leadership in cryptocurrency and digital asset development, urging Congress to accelerate pending crypto legislation. US Cannot Afford to Fall Behind China and Europe, Says Lummis Speaking on the state of U.S. crypto policy, Senator Lummis, one of … Read more