Five Democratic senators, led by Elizabeth Warren, have raised concerns about potential conflicts of interest in President Donald Trump’s involvement with World Liberty Financial (WLFI) and its new stablecoin, USD1. In a letter dated March 28, the senators pressed U.S. regulators on how they plan to oversee WLFI and ensure
Regulation is a must for any fintech industry to grow and thrive in today’s financial ecosystem. Without clear rules and regulations in place, businesses, individuals, and investors will not be able to use new financial assets. Despite the lack of clear regulations, the crypto industry has grown to be a
Wyoming is taking a step forward in the world of digital currency with the creation of the Wyoming Stable Token (WYST), setting itself up to be the first U.S. state to issue a fiat-backed stablecoin. The Wyoming Stable Token Commission has initiated testing of WYST across multiple blockchain networks. It
One of the largest asset managers in the world, Fidelity Investments is reportedly in the final stages of testing its own stablecoin, according to the Financial Times reports. This move reflects a growing trend among traditional financial institutions exploring tokenized assets and stablecoins as they expand into digital finance. The
Trump’s re-election in 2024 triggered a bull run in the crypto market by the end of the year. Even though the market couldn’t sustain the rally in 2025, the new US administration has been taking several initiatives for crypto regulation and adoption. US leaders have expressed their interest in stablecoin
The Republican-led GENIUS Act witnessed a major update amid bipartisan discussions. The US Senate Banking Committee is about to vote on this stablecoin bill on March 13. The bill was updated after the discussion between Republicans and Democrats. GOP Senator Bill Hagerty, said that he introduced an update of the
Stablecoin is a type of cryptocurrency intended to maintain a stable value by being pegged to a reserve asset, such as a fiat currency (USD, EUR), commodities (gold, silver), or other cryptocurrencies. Unlike older cryptocurrencies such as Bitcoin and Ethereum, which have high price volatility, stablecoins offer price stability, hence
Singaporean department store chain Metro has joined forces with local crypto payments firm DTCPAY to integrate stablecoin payments across its physical stores and online platform, Metro Mall. The Metro will support four major stablecoins namely Tether’s USDT, Circle’s USDC, Worldwide Stablecoin Payment Network’s WUSD, and the Metro will also add
Stablecoins have been gaining much traction ever since Trump won US elections in 2024. White AI & Crypto Czar David Sacks highlighted the potential of stablecoins multiple times publicly. He even stated stablecoins are a better option compared to CBDCs and they can help extend the dollar’s dominance across the
The crypto market has furthered downwards over the weekend. Bitcoin has once again docked its ship at $95,000 after progressing closer to $100K just a few days ago. These bearish winds have also swayed the AltSeason’s sails causing minor price drops. On the other hand, the past day has seen
