The Federal Reserve is now on the next step towards issuing stablecoin rules in the U.S. under the GENIUS Act. The Board has issued two proposals on September 24 regarding the issuers and bank subsidiaries. In the first proposal, the reserves, capital, risk management, and safeguards are being looked into.
The Binance rewards campaign for Ripple’s RLUSD stablecoin has kicked off. The rewards campaign will see the exchange giving away $800,000 worth of XRP over four weeks. The rewards are for those users who qualify by holding their RLUSD through certain Binance accounts. Users can get rewards through their Spot,
Britain’s largest banks have completed what UK Finance describes as the “world’s first interbank transactions using tokenised deposits,” allowing blockchain-based representations of commercial bank money to move between separate banks. The transactions are part of the Great British Tokenised Deposit (GBTD) project, an industry initiative led by UK Finance to
The US government is weighing a coordinated push to promote dollar-denominated stablecoins overseas, not as a crypto initiative, but as a strategic move to reinforce the dollar’s status as the world’s reserve currency and drive demand for US Treasuries. The effort could involve the Treasury Department, the State Department, and
Coinbase CEO Brian Armstrong has pushed back against an upcoming Wall Street Journal story that he says is preparing to blame Coinbase and him personally for the failure of the CLARITY Act to advance in the U.S. Senate. “Here we go again!” Armstrong wrote in a recent X post. He
Worldcoin (WLD) price climbed on September 18 as the token gained attention following the launch of World Money, a stablecoin-powered new financial app from the World ecosystem. WLD was trading around $0.4274, up over 15% over 24 hours, as per CoinGecko data. The token reached an intraday high over $0.434,
The Senate Democrats have already drafted a response proposal in light of the new version of the CLARITY Act. The negotiation process seems incomplete prior to a critical vote in the Senate. The Republican crypto bill has been finalized by the Republicans on Sunday. It was announced to be their
A group of 21 major financial institutions, including Goldman Sachs, Bank of America, Citi and Deutsche Bank, plans to establish a new company to issue a U.S. dollar-denominated stablecoin in the first half of 2027. According to the announcement from the institutions on September 1, they intend to form a
Payouts.com, a financial operations platform for businesses and AI agents, and the Casper Association, the Swiss non-profit stewarding the Casper Network blockchain, have partnered to bring AI agent payments to production using the x402 payment protocol and csprUSD stablecoin. Under the partnership, Payouts.com will use Casper Network as a settlement
UMX, the Unified Market Exchange incubated by Li Lin’s Avenir Group, launched an invitation-only beta on August 10. The platform targets professional investors seeking crypto and U.S. securities through one trading environment. Users can trade crypto spot, margin, contracts, and options alongside U.S. stocks, ETFs, and stock options. UMX says
