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The U.S. House narrowly advanced landmark cryptocurrency legislation Wednesday, including a stablecoin regulatory framework and market structure rules, after a controversial procedural vote. By a 215-211 vote, the House agreed to move forward with the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which creates federal oversight for stablecoin issuers and could reach … Read more
Twelve House Republicans blocked a key procedural vote Tuesday, stalling Pentagon funding and cryptocurrency legislation. The Hill reported that the House’s vote to begin debate on the fiscal 2026 Pentagon funding bill—along with three crypto-related measures—fell flat on Tuesday, blocked by a 196-223 tally. The trio of blocked proposals included the GENIUS Act to shape … Read more
Ripple has reportedly applied for a license in Luxembourg to introduce its Ripple USD stablecoin in Europe. If granted, the permit would allow the stablecoin to operate across the European Union (EU). Ripple Seeks RLUSD Entrance to Europe Through Luxembourg Ripple, one of the largest payment-driven companies in the cryptocurrency world, is reportedly making moves … Read more
Andrew Bailey, Governor of the Bank of England, warned about the dangers of banks issuing stablecoins, stating that they would remove money from the banking system. His stance contrasts with that of the Trump administration, which views stablecoins as a tool to extend dollar hegemony. Bank of England Governor Warns About Banks Issuing Stablecoins Stablecoins … Read more
Zerohash is reportedly nearing a $100 million funding round that could value the company at nearly $1 billion. Zerohash Nears Unicorn Status Zerohash, a crypto and stablecoin infrastructure startup, is reportedly close to raising approximately $100 million in a funding round that would value the company at nearly $1 billion. According to a report citing … Read more
A major leap toward regulated crypto banking is underway as Ripple seeks a national trust bank charter to elevate stablecoin credibility and custody standards. Ripple National Trust Bank Deepens Regulatory Footprint With RLUSD Strategy Ripple is advancing its regulatory ambitions with an application to establish Ripple National Trust Bank, signaling a deepening push into federally … Read more
Ripple’s RLUSD stablecoin is set to revolutionize global payments, slashing remittance costs, boosting speed, and unleashing real-time blockchain-powered transactions worldwide. RLUSD Enters $27.6T Stablecoin Market as Ripple Pushes for Regulatory Clarity Ripple shared on July 11 that Ripple USD (RLUSD) is reshaping global remittances by offering faster, cheaper, and more accessible cross-border payments compared to … Read more
The stablecoin economy picked up fresh momentum this week, growing by another $2.693 billion over the past seven days. Tether’s USDT continues to lead the pack, now flaunting a market cap of $160 billion, according to data from defillama.com. With new capital flowing in, the sector shows no signs of slowing its climb—at least for … Read more
The Series A funding round, led by Dragonfly, will enable Agora to accelerate the development of its stablecoin infrastructure, which is designed to support upcoming decentralized finance applications for issuing and managing stablecoins seamlessly. Agora Secures $50 Million in Series A Round to Develop Stablecoin Solutions Stablecoins are rising in popularity as part of the … Read more
Chinese fintech giant Ant Group is reportedly partnering with Circle Internet Group to integrate its USDC stablecoin into Ant’s blockchain platform. A Strategic Move Amid China’s Stablecoin Push Chinese fintech firm Ant Group is reportedly collaborating with global digital asset platform Circle Internet Group to incorporate its USDC stablecoin onto the Jack Ma–backed company’s blockchain … Read more