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
The Tether group has made efforts in moving beyond stablecoins. They brought institutional real estate tokenization in Saudi Arabia using its Hadron platform. This company has entered into a partnership with First Data and fintech company BKN301. Basically to enable the issuance and administration of tokenized real estate assets for
The two countries have been ramping up their efforts related to the regulation of stablecoins because both countries are in the process of refining their regulations concerning digital assets. A delegation from HM Treasury and US Treasury met in London on July 8 for the 13th session of the Financial
