Major U.S. banks are accelerating efforts to integrate stablecoins into their operations following the passage of the GENIUS Act, a law signed this summer by President Donald Trump that created a regulatory framework for dollar-pegged digital tokens. Institutions including JPMorgan, Bank of America, and Citi are actively developing interbank payment systems and customer-facing … [Read more...] about Wall Street pivots to stablecoins as Trump-backed regulation redefines crypto banking
PayPal launches crypto payment service with lower fees and global reach
PayPal announced the launch of its “Pay with Crypto” service, aimed at integrating cryptocurrency payments into mainstream commerce while reducing transaction costs for businesses. The service enables near-instant settlement, seamless international transactions, and cost savings of up to 90% compared to traditional cross-border credit card processing. … [Read more...] about PayPal launches crypto payment service with lower fees and global reach
ECB warns U.S. dollar stablecoins could undermine Europe’s monetary autonomy
The growing dominance of U.S. dollar-backed stablecoins poses risks to Europe’s financial independence, according to a blog post by European Central Bank (ECB) adviser Jürgen Schaaf published on Monday. … [Read more...] about ECB warns U.S. dollar stablecoins could undermine Europe’s monetary autonomy
Trump signs GENIUS Act, marking watershed moment for U.S. crypto regulation
In a historic moment for digital assets, President Donald Trump on Friday signed into law the GENIUS Act, the first major piece of U.S. legislation to regulate stablecoins. The move caps off a flurry of crypto-focused activity on Capitol Hill during what industry insiders are calling “Crypto Week.” … [Read more...] about Trump signs GENIUS Act, marking watershed moment for U.S. crypto regulation
China’s tech giants push for offshore yuan stablecoins amid global crypto race
In a significant move that could signal a shift in China’s crypto policy, tech giants JD.com and Ant Group, an affiliate of Alibaba, are reportedly urging the People’s Bank of China (PBOC) to approve yuan-pegged stablecoins. The proposal aims to counter the growing dominance of U.S. dollar-linked cryptocurrencies and boost international use of the Chinese currency. … [Read more...] about China’s tech giants push for offshore yuan stablecoins amid global crypto race
Texas launches Strategic Bitcoin Reserve
Texas has officially launched its Strategic Bitcoin Reserve , becoming the first U.S. state to commit public funds to Bitcoin with long-term legal protections in place. … [Read more...] about Texas launches Strategic Bitcoin Reserve
Senate clears stablecoin bill, setting foundation for U.S. digital currency market
The U.S. Senate has passed the long-debated GENIUS Act, a bipartisan bill that introduces a comprehensive regulatory framework for stablecoins, signalling a major shift in the country’s approach to crypto payments. … [Read more...] about Senate clears stablecoin bill, setting foundation for U.S. digital currency market
Amazon and Walmart explore stablecoins to streamline global payments
Amazon and Walmart are exploring the launch of U.S. dollar-backed stablecoins, a move that could reshape how digital transactions flow through the global e-commerce sector, according to people familiar with the matter cited by the Wall Street Journal. … [Read more...] about Amazon and Walmart explore stablecoins to streamline global payments