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Senate to vote on GENIUS stablecoin bill before Memorial Day, Senate Majority Leader informs

Key Takeaways The Senate will vote on key stablecoin regulation legislation before Memorial Day. The stablecoin bill has bipartisan support and passed the Senate Banking Committee. Share this article Senate Majority Leader John Thune announced behind closed doors that a vote on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act will take … Read more

Mastercard announces ‘360-degree’ approach to stablecoin adoption

Payments giant Mastercard is taking a ‘360-degree’ approach to the adoption of stablecoins, teaming up with OKX and Nuvei to power the initiative. Mastercard announced in a press release on April 28 that its partnership with OKX and Nuvei will help unlock end-to-end stablecoin payment solutions.  The company wants to bring seamless stablecoin transactions to … Read more

Stripe is building stablecoin product powered by Bridge

Stripe, a leading financial technology company that also integrates crypto payments, is building its first stablecoin financial product. Jeff Weinstein, Stripe’s co-founder and chief executive officer Patrick Collison confirmed the development via X on April 25. He said the company has had plans for such a product for “a decade.” The American payment giant’s first … Read more

Dutch bank ING reportedly plans to roll out Euro stablecoin

Europe’s MiCA regulation is opening up opportunities for major banks to enter the market, and one bank has already taken notice. Dutch banking giant ING is reportedly preparing to enter the Euro stablecoin market. According to a report by CoinDesk on Tuesday, April 22, ING is setting up a consortium with several other banks to … Read more

Synthetix officially launches sUSD 420 Pool to tackle ongoing stablecoin issues

Synthetix has launched a new liquidity initiative aimed at stabilizing its algorithmic stablecoin sUSD, which has been trading well below its intended $1 peg. The “sUSD 420 Pool,”  Announced by founder Kain Warwick on X, the pool will reward participants with 5 million SNX tokens over 12 months in an attempt to curb the effects … Read more

MoonPay CEO pushes for fair federal-state balance in stablecoin laws

Ivan Soto-Wright urged Congress in an open letter to ensure fair competition between state and federal stablecoin issuers in upcoming legislation. The MoonPay CEO voiced support for preserving state regulatory authority over stablecoin issuers, urging Congress to adopt key amendments proposed by the Conference of State Bank Supervisors to the GENIUS and STABLE Acts. In … Read more

Circle launches Refund Protocol for safer stablecoin payments

Circle, the issuer behind USDC, has launched a new smart contract platform called Refund Protocol, aiming to bring refunds and dispute resolution to stablecoin payments. The company announced the launch in an Apr. 17 blog post on its official website. Traditionally, stablecoin transactions act more like cash payments, with no option for users to dispute … Read more

Stablecoins Predicted To Hit $2 Trillion By 2028: Russia The Latest Nation Exploring Its Own Stablecoin

Osman Kabaloev, Russia’s deputy head of the Finance Ministry, has reportedly stated that the country should be developing its own stablecoin. Following a recent freeze on wallets linked to the sanctioned Russian exchange Garantex by US authorities and stablecoin issuer Tether, Russia is alleged to be exploring the creation of its own stablecoins. BREAKING: RUSSIAN … Read more

Russia Eyes National Stablecoin After US Freezes Garantex-Linked Wallets

A senior Russian finance official has called for the development of a national stablecoin following the US government’s freeze of wallets linked to the sanctioned crypto exchange Garantex. The move, which also involved stablecoin issuer Tether, has sparked renewed concerns in Moscow over the vulnerability of relying on foreign-backed digital assets. The push for a … Read more

Synthetix’s sUSD stablecoin continues depeg to below $0.8

Synthetix’s algorithmic stablecoin sUSD has continued its month-long depeg, now trading nearly 21% below its $1 peg.  According to CoinGecko’s price data, sUSD has dropped to $0.7924 as of Apr. 17, down more than 8% in the past 24 hours. Its market cap has fallen from $30 million at the beginning of April to $25 … Read more

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