Tim Scott, a U.S. senator, has revealed that this week banks and crypto lobbyists may compromise regarding stablecoin yield payments. In the current scenario, the Senate’s crypto market structure bill progress is stalled. Scott attended a crypto lobby event in Washington chaired by the Senate Banking Committee, in which he
Mastercard Inc. has reached a definitive agreement to acquire BVNK, a London‑based stablecoin infrastructure and payments platform, in a deal valued at up to $1.8 billion, expanding its digital assets footprint and on‑chain payment capabilities. The agreement, announced on March 17, 2026, includes $300 million in contingent consideration and is expected to close
Two major international banks, HSBC and Standard Chartered, are expected to receive some of the first stablecoin issuer licenses in Hong Kong. The move would mark an important step in Hong Kong’s effort to build a regulated digital-asset ecosystem. Hong Kong moves to regulated stablecoins. The Hong Kong Monetary Authority
Wells Fargo filed a trademark application for “WFUSD”, igniting speculation that the U.S. banking giant may be looking for a blockchain-based payment token or stablecoin. As per the filing, the mark covers financial services associated with digital assets, comprising crypto-associated payments and electronic financial transactions. While Wells Fargo hasn’t publicised
The recent debate concerning stablecoin yields may be neglecting a wider macroeconomic dynamic, as per Patrick Witt, the executive director of the President’s Council of Advisors for Digital Assets. On March 11, Witt posted on X, mentioning that the stablecoins’ complaint with the GENIUS Act framework could really influence new
Sonic Labs launched USSD, a new stablecoin pegged to the US dollar. The announcement on March 9, 2026, operates on a decentralized blockchain network and offers genuine financial backing from traditional markets, supported by 1:1 short-term U.S. Treasury assets, and provides steady liquidity to the Sonic blockchain ecosystem. According to
KAST, a stablecoin infrastructure firm, has secured a significant $80 million in a Series A funding round co‑led by QED Investors and Left Lane Capital. After this investment, the company’s estimated total value is about $600 million, as it mainly supports the expansion of its stablecoin‑powered financial platform According to the KAST announcement
Brian Armstrong said stablecoin wallets could function as credit cards for advanced computing systems agents handling autonomous digital payments. During an interview for David Senra’s YouTube channel, Armstrong offered his opinions about the market structure and a lot about stablecoins. Additionally, he explained that cryptocurrency infrastructure can meet emerging payment
Florida lawmakers passed the first comprehensive bill for regulating stablecoins in the United States that aims to provide clear standards for issuers, monitoring, and consumer protection. On March 6, the Florida Senate passed Bill 314 with 37 votes in favor and zero opposition, and it is currently awaiting Governor Ron
Eric Trump, who is the co-founder of World Liberty Financial and the son of U.S. President Donald Trump, has criticized major banks for opposing stablecoin rewards in ongoing discussions on crypto legislation. He accused the large banks of lobbying against stablecoin yield features that could enable Americans to earn high
